Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1890-09-18
productive, and the mill owners have failed 10
hold all the benefits for themst Ives. Freight
rates are also lower. Prices compare as fol-

How has the capitalist who lives on the in
terest OF his money Jared during this timei Is
his income as large as everl Up to 1879 the
county OF Webster paid 10 per cent. on It's in
debtedness. In 1879 1t made loan ut per
cent. to clean up its old debts. In 1886 It
made another loan, for the purpose of re iuc-
ing the interest rate and sold It's 5 per cent
bonds at premium Of 81 ,0l0, so the rate is
now actually less than 5 per cent The bon is
OF the independent school district of Font
Dodge draw per cent. having been reduced
from to and from 6 to the present rate.
ordinary loans do not show the same reduc-
tions In the interest rat,. becau Eastern
capital does not come west as freely to private
borrowers as on county or sch)ol-iistrict
bonds. The loan agent gets between the
principals on private loans and makes an ex-
pense. In 1oo0 home money generally CON.
manded 10 per cent. and Eastern car i.al aud
Sper cent. with a commission. Now, hone
capital commands per cent. and outside cap
ital per cent, with a commission which
makes not quite per cent. more.
RAILROAD CHARGES.
This article is getting pretty generally over
the ground OF the industries OF this country.
How have the railroads Jared during these
ten years. They are the cormorants, we are
told, who devour the substance Of the coun.
try. In 1880 the freight rate on wheat from
Fort Dodge to Chicago was 33 cents and CD
other grain q cents per bundled; now the
rate on wheat is ~ and other grain &c. In
1870 the rate on all stock from this point to
Chicago was goo per ear % feet long; nov the
rate Is Sj5 for cattle and $45 for hogs, per car
OF 10 feet. In 1880 the freight on a barrel of
salt from Chicago to Fort Dodge was 90 cents;
now 1t Is 81 cents. In 1850 the rate on lumber
from Dubuque to Fort Dodge was IA cents;
now 1t Is S.3 cents. In 1880 the rate on first
class freight from Chicago to Fort Dodge was
" cents; now IL is 40 cents. We should ex-
plain that 20 cents was the rate in force until
a aNUN UDAIgo A III
rate Is cut, but Ii will probably be restored to
somewhere near the old figure before long, 30
We make no account CT this cut.
CONCLUSION.
This closes the comparison Of prices on what
the farmer, mechanic, and laborer has to buy.
1t is beyond dispute that the development of
the age has accomplished a large reduction In
all manufactured articles. Now, unless there
has been corresponding reduction in the pro-
ducts of the farm ard in the wages Of the
mechanic and the laborer. we have established
our claim that never in the history Of the hui
man race would days labor buy so many
comforts as today. We cir from the Mes
senger the following report of the prices of
agricultural products in 1850 and 1890:
Wheat Price in April, 1880, 10 to 80 cents.
The price is nc: given for 1890, this Delng
In the month Of Aprii.
Comparison with prices OF farm products
September LIST would show still more to the
advantage OF the Iowa farmers. In this re.
gard attention need only to be called to tho
present prices OF corn and oats which are now
about twice that of the year lSS0.-Ed.
PRODUCTS, Price In Price In ADrIl