Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-19
TERMS OF THE DISPATCH.
I PITTsBURG, SATURDAY, SEPT 10, 1871.
TWELVE PAGES
GOV. CAMPBELLis SPECIAL CASES.

Thatpart of Governor Campbell's speech
at Sidney, O., which sought to make cap
ital out of the United Glass Company,
whose headquarters are in Pittsburg, and
the Mckinley tin plate badges, was very
weak attempt to answer the protection ar
guments of his opponent THE DISPATCH,
as its readers well know, does not favor
combinations, and it distinctly considers
that manufacturers who resort to such de-
vices to suppress competition are in most
instances, while subscribing their own i'm
mediate interest, furnishing ammunition
for the free traders. But Governor Camp
bell would have the Ohio public believe that
this combination of glass factories is sure
to be a source of immense profit at the ex-
pense of consumers. 1t is curious to note
that investors who are supposed to be on
the hunt for good thing are not so eagerly
of that opinion.
Part of the programme of the glass
combination is 10 put in the individual
works. apparatus, etc, at what is claimed
as actual value-somewhere about s., ,500,-
OOO-and take stock in the new concern in
exchange therefor. In addition, 81 ,000,-
600 of preferred stock is offered to the
general public with a promise that per
cent will be paid upon this before any
profits 60 to the common stock which the
projectors of the combination hold. Yet
this 81. 00O. 900 of preferred stock has not
yet been absorbed by capital seeking in
vestment, though it has been rendered in
the public market for several weeks past
Governor Campbell and any other Ohio
man who believes there is to be an i'm
mense profit in this latest trust can
doubtless for a considerable time yet
have an opportunity to take large chunks
of the cream of the earnings by subscrib-
ing to part of this million issue, upon
which per cent is guaranteed out of the
first fruits of the enterprise. Eight per
cent investments are usually jumped at if
they are considered absolutely safe. May
it not be, as the projectors of this particular
combine urge, that the necessity of cutting
down expenses is as much factor in the
movement as any prospect of being able
to force higher prices.
Goeernor Campbell was also unfortu-
nate in his special allusion to the McKin-
ley tin-plate badges. He spoke of these as
made from imported steel, coated with i'm
ported tin by Imported workingmen." THE
DISPATCH yesterday received one of these
badges by mail. 1t bears the inscription,
Mckinley and Protection; made of Ohio
steel and California tin, Piqua, 1891
And it contains the further specific legend,
"Made from steel sheets rolled by the
Piqua Rolling Mill, September s, 1891.
Coated with California tin and Missouri
lead by the Cincinnati Corrugating Com
pany September Il, 1891. Not an atom of
foreign metal in this plate
What but harm can Governor Campbell
do his cause by misstating facts? Was
there not enough perverSion last fall of
the effects of the Mckinley bill, and is not
this misrepresentation coming back as
boomerang? While admiring Governor
Campbell's administration of State affairs,
we must say that, unless he improves in
the quality of his speech-making upon ma
tional issues, his appearance on the stump
Will only have the effect of largely in
creasing Major McKinley's majority.