The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1888-07-27
CaldueH, o., july %.
MIR. BDOwSE0S DEMOCRACY.
One Man Who Has Not Come Over-Rcas
nns Why lie Has Not.

One Man Who Has Not Come Over-Rcas.
ons Why lie Has Not.
To The Editor Of The Iniolignor.
Sln:-I find the following in the
Register Of this date from the pen of Mr.,
K. A. Browse, oi,Pleasants county: "The
writer is nominally farmer, but has
fully as much invested in manufacture
ing and other enterprises rs in farming
in one branch OF which he has made d
profit Of 80 per cent per annum for five
years"
don't think Mr.. Browse has u dollar
in any manufacturing establishment in
this State or elsewhere that has paid
him so or even 10 per cent per annum
for ten consecutive years. Mr.. and Mrs
Browse were holders Of Belmont bonds
in 1878, when that concern failed. They
never invested dollar that / heard Of
in it or in any similar enterprise except
when they were compelled to as owners
OF bonds drawing big interest. The
old Belmont went under and the Browses
and other money-lenders were forced by
circumstances to purchase the property,
which they did in the summer OF 1873
and they got for Sl50,OOO what a few
years before was worth 100000. Shortly
after Mr.. Browse and his brother bond
holders got possession OF this property
they raised the capital stock to or nearly
to 100000. So that Mr.. Browse had
two dollars in stock for every dollar in
bonds formerly owned by him. For the
four or five years following the reor.
ganization OF this nail works, the divi,
dends probably did amount to 80 per
cent on the original bond investment. |
would like to ask Mr.. Browse why he
did not tell the farmers OF Peasants
county that for the past four years he
has not received ten per cent all told
from this investment, and why he did
not inform the readers OF the Register
that his 30 per cent dividend statement
had reference to the Belmont Nail Com.
pany OF this city.
Mr.. Browse, don't you know that Bel
mont stock has sold on the streets Of
this city in the past four months forsixty
cents on the dollar? And don't you
know that in the last six months there
has been deed OF trust executed to Q
Trustee by the company on its entire
property to secure bonds to the amount
Of 100000? And were you not thor.
oughly dishonest in making the state
ment attributed to you and carefully
Withholding from the public the other
side? Mr.. Browse, had better opin-
ion OF you. Why don't you tell the
readers OF the Register that you are not
engaged in any manufacturing enter.
prise, but you generally have financial
ability and are willing to loan n manu-
featuring concern, like you did the old
Belmont, at nine per cent per annum?
Mr.. Browse, understand you are n
large stakeholder in railroads, and that
you own considerable in railroad securi.
ties, and that you are a Director in q
company that employed cheap imported
labor to build your road. II that is so,
and believe it is, are you not lovely
specimen OF Democrat to teach the
wage workers and farmers how to vote ?
Col. Browse, those who know you best,
know that you have no sympathy with
workmen or laborers, and you never did
have, and you are getting worse as you
grow old. Truly, you are Democrat
for revenue only.
Quo Co. REPUBLICAN STOCKnoLDER.
lhceiing, july %.