Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1890-09-04
NUMBER 9. AT LOW PRICES.

{ Goa -ess Are 50rSlgDeFr WHO carry CT
1 part Of their nsRnufacfure in this cocn-
try. but who. like Andrew Carnegie,
spend in lux1rlous living in Enrops
much OF tbs wealth they acquire fro u
Americans and the thread people get
most OF their wealth by squeezing the
/ poor sewing women six weeks after
Harrison became President wages
were reduced Is per cent in ClarkFe
O. \. II. Thread WORKS, Kearney, ".
J.
Last year these thread people orr gan
ized & trust. The Willinantic Linen
Company, sn American concern in
Counecticu;, tried 10 fight the trust,
buI tie Glarks and the Coatses drop
ped the price OF thread TO point that
meant ruin u the Wiliimsnti. pep
pie and they sHrrtndered-
The Goats concern bas been organ
lied into stock company. the J. d p.
Coats Limited Company. Stock was
offered for sale in London and New
aork, and iii its report of the uanssc-
ton ihe New York Sun says.
Mr. Anchineiass later in the aay sboweS n
Cable from London announcing fhgr e Ioal
! 900 n subscriptions had been received for
the stock IN that city, and then Mr.. Auchin-
Gloss added thai e ,n09, 200 IN subscriptions
had been received al TIE Manhattan Rank
ing Company This he said. was n no,f
gratifying sitRktion, inasrnueh ak there We're
nov aggregate suhscrip ions OF 100000 900
for plan only calling FOR SIC, ,asa .3gsss.a4
The San goes on:
1t wat recalled by certain influential reo-
pie that several years ago the works and bus
mess af Ihs j. d p. Goats Company. both NJ
hnne and abroad, were given cut 10y them
selves TO be worth In The neighborbood OF
$4,000 900. Figured out closely under The
plan, the CoRis Company, II the subscription
list proves successful Rs Mr.. Auchipcloss
says n il, viii receive about the valuation
they puf upon The property sereral years agn-
That wenld be according to the plan offered
by ibe Manhattan Banking Company one
third ri the preferred. nrdinEry and dehen-
fure stock amounting IN Rl 10 So ,9S5, sS3 "a.
The public, therefore, has been called upon
10 subscribe the difference, and where the
profit 10 Them on the transaction Will I've has
moi been expiRined- In Wall street people
speak Of this difference rs wRfer-
On every dollars worth, at whole
sale prices, Of thread the seams.resses
and the farmers wives and the me-
chapies' wives Of the United States
mnst pay the thread manufacturers,
including those who celebrated Harri-
sons inauguration by reducing wages
Is per cent, = little over 90 cents OF
protective tariff tax. The result OF
this 10 that q manufacturing plant and
tusiness that IL worth About ten mil
lion dollars is capitalized at nearly
thirty million dollars, and the enor-
nous profits are 30 well known that
forty million dollars worth OF shares
are subscribed for. How long the sub
scription books were open in London
is not stated, but in New York they
were only open two days.
We call attention 20 one other feature
of the case. Seven-eigh this of the stock
was subscribed for abroad Out OF ev-
cry dollar of extra tariff profit which
the American tariff puts into the cof-
fers of the J. d. p. Goats Limited Com
psny sd cents will go 10 London and
ia cents will stay in this country, or
al lsRst will be divided Ia this country,
the people who get it will probably
spend it in Europe.
Thus does the American Congress
tax the American people for the en-
Democrat.