St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-28
A LESSON IN TRUSTS.
Joseph's Corner on Egyptian Corn,
Which Produced a Terrible
Famine.
Information About the Copper Syndicate
and the Enormous Profits
Realized.
The Number of Copper Mines in This
Countrywide Eastern Iron.
Product.

Trusts, so far from being recent. have
the highest antiquity. The Greeks IN
London have, for fifty years, worked
the Turkish rhubarb market, and, find
ing that they could corner as much of
the stuff as was in London, they would
advance the price 100 per cent. lmme-
diately the world began to produce as
hard as it could to meet that price.
Joseph had corner on corn in Egypt;
he belonged to a prudent and grainful
race-and they say that the agent in
America of the copper syndicate bears
the name of Mendel.
The case of Joseph is patent to all
who have not forgotten il. He got into
Jail in Egypt for a want of gallant V,
and there proceeded to know the future,
and may be said To be the author of'fut-
ureS," especially in the grain market.
He first went through all the land of
Egypt, and there were seven plente0uS
years that he gathered up all the food
of the seven years which were in the
land of Egypt, and laid up the food in
the cities. He gathered corn as the sand
of the seaShore. and until he left of
numbering, for it was without number.
Being magician, Joseph knew that
there were seven years laying back, and
which
WOULD NOT BE GOOD FOR FUTURES.
So there came GCarth on every land,
and when the people called to Pharaoh
tor bread he said unto them, TO unto
JOSeph'-probably not intended as 4
piece of profanity. and the famine
was all over the face of the earth, and
Joseph opened all the StorenouseS and
sold unto the Egyptians, and all countries
came into Egypt for to buy corn: and
even old Jacob said To his sons: There
is corn in Egypt. TO you down this
day and buy Tor us"
But of course, the politicians do not
read i'll this line of Illustration.
How many copper smelling works are
there in the United States?
The last census says that there were
six in the East and two in the West.
Ohio and Pennsylvania supplied the
coal, and Pennsylvania the coke. In
the East a ton of copper was said to
have cost 1896 in the materials: and in
the West it was put down at only SD.
These copper SmelterS turned out nearly
Sl0,000.000 of product in 1880, with a cap
ital of $l,500,0O0. But, of course, they
had to pay for all the materials. The
ores alone cost them S6,50O,OO0.
How much copper did we export in
1850?
Our exports amounted to over 4,500,-
600 pounds. and we imported little
more than 100000 pounds in that year,
worth about S750,000. You must under
stand that those who are working up
the price OF copper are making
AS BIG A SCARE AS THEY CAN,
and that as a general rule the statistics
they put i'll the daily prints are eXag-
gerated.
How many copper mines have we in
the country?
In 1880 about seventy were specified
IN the government report, and the Calu-
met and Hecla produced nearly 20,000,-
600 pounds OF copper. The nearest APP
prOach to that was in the Longfellow
mine, of Arizona, which produced over
S,000,0O0 pounds. The Vermont Copper
company produced nearly 100000
pounds. The next mine to the Calumet
and Hecla in Michigan in production
was the OSceola, with about 100000
pounds, and then came the Atlantic,
Franklin and Quincy, of the same state,
with about 100000 pounds apiece.
IL twenty iyears after the first Michi-
gan mines were opened there were 120
mining companies organized there, with
Sl2,000,000 of capital. In twenty-three
years they took out about so, 900 100, but
nature is even worse than politics in her
respect for individuals.
Is Michigan high up among the iron
states?
Yes. She stands second and New
York stands the third. and New JERSEY
comes next to New York.
Those persons who think to do big
thing with New York by interfering
with her iron are
NOT MUCH ACQUAINTED WITH THE
FACTS.
Iron is very strong through all the dis
trict west of Lake Champlain and east
of Lake George, and strong belt of it
runs from about POughkeepsie across
the Hudson river into New Jersey. The
value of the iron ore alone in New York
state is S4,000,000 year, and in Michi-
gan s6,000,000. The product Of Michigan
mines in 1880 was put down at over Sl4,-
000, 900 in cash.
Then you do not think there is much
to be said about the copper panic which
the newspapers are trying to get up?
No, some kind of a panic is some
where all the time. What does it mat
ter to the multitude of people if the
nails in their trunks are made of brass
or iron? A few years ago the cry was
against some poor chap in PennSyl-
wanna WIN ilslu q HiChtl HlHt. dllu lie
was being upbraided because more
nickel mines than his were not found.
Three-quarters of the agitation against
our manufacturing industries is of this
mean, ridiculous sort. The man who
worked the nickel was doing the best he
could under the laws. Society adjusts
itself to everything. If the price of
hops becomes too high they put calamus
and camOmile in the beer. 1t is an ex-
element for three or four days, and all
who are not in are sorry they were not
in on the ground floor. GATH.