New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-29
OBSERVATION-DISCLOSURES
GROWING WITH A NATIONS PROSPERITY.
FACTS AND FIGURES ABOUT EXTENSIVE DOMESTIC
MANUFACTURES

crop astonIshcd and gratifed the country and II
was garnered at Il time when large part Of Europe
was suffering severely from scarcity OF the products
Of the EARTH the result to Western farmers has been
extremely satisfactory Those owners Of farms who
had been carrying heavy mortgages for years have
been able since they sold their wheat to pay of the
mortgages earcly 10 reduce them 80 that they Will
be no serious burden for the farmers to endure
hereafter The East has also been Furnishing.
with rs manufactures and It's immense diversity OF
interests we'll employed rule. III the South the
biggest cotton crop in the history Of the world was
gathered but unfortunately the demand for the great
Southern staple has not been expanded in proportion
to the quantity Of the crop and the South is suffering
a temporary depression. because the owners OF the
plantations have received prices for their cotton
which give them a fair profit for the expense Of
raising and gathering It, But the year 1891 was mar
vcllous in many ways in the prosperity mat u
dnused over most OF the United States; ana the
prospect for the remainder Of 1902 Is OF the most en-
couraging and stimulating character. American agri
culturiss especially In the North and West arc better
contented and more sanguine and hopeful IN every
way than they have been for q generation
Great Industrial companies always follow In inc
wake Of National prosperity. This is apparent ID
every Inc of business I'm the entire civilized world In
fact, In furnishing the means whereby labor Is ma
terlally benefited and facilitated, they must ine'l'aoS
in many cases form themselves into gigantic hsu'u
tons. Many acute students Of social conditions hod
|
necessary at the present Time tho Interests involved
are so prodicous Unless complete revolution takes
place I'm business methods and plans Of opernon these
great industrial companies will remain. Their re-
sources are so immense and the capital winch u'ey
command so extensive that they can afford 10 en-
counter serious risks. They always have to take mo
account the possible results Of over production Inc hsn
ger OF failure OF crops etc. Their risks are so Oru
able that TIE managers and stockholders naturally take
the view that these companies entitled to profits IN
prop0rtion 10 these risks. Fairminded men VINO nave
been actively engaged In business for term Oh years
are not as rule, inclined 10 beudge the rewards OF
industry, skill and foresight which legitlmatey come
10 the individual or corporation venturing all with
only fair chance Of success. Yet many people are
always over-cager to attack corporations which snow
evdcnc marked financial prosperity In their annual
reports II IS really unfair however TO crItlcisc ana
condemn corporations that by carrying on business III
legitimate manner, and developing great enterprise
into sound and established industrial company whch
will endure regulate prices and accomplish results OF
permanent value TO the consumer as well rs TO the
producer aud realize equitable profits on tho immense
capital invested.
Several trusts have bccn severely condemned BIZ
many newspapers in all parts OF the couif
try: and there be no question that some OF
the methods Of the managers OF the Whlskcy Trust
and sugar Trust have richly deserved severe cnucism
but II is suspected that the extreme bitterness OF hos
uItv exhibited By some newspapers IN Chicago agnlnst
the Whskcy Trust IS TO the fact that the control
OF that combination believed 70 have been trans
ferred from prominent men Of Chicago Into the haidS
Of Eastern capitalists.
At least one OF the Chicago papers, wien
has been extremely gentle aDd amablc 10 the
fDcef Trust and other large local concerns has
been attacking with great vchemcnce and violence the
National C0riagc Company. II has pictured the Cori
age Company a huge octopus. absorbing everything
and holding the poor dcluded farmers in It's mercAc
grasp ANY one who knows nothing of the actual
workings and constitution Of the National Cordacc
Company would. from the reading OF this daN paper
be forced 10 the conclusion that the Coraec Company
Is hateful monster. absolutely controlling the chnc
twnc and rope output such idea Is entirely wrong
Tic National COrdagc Company has never cPhI3OIeu
The trade Of this country. does control IL ho"
As matter 81 actual fact, 1t Is making not
more than about one-half Of tile total amount
Of Irvine and oordagc manufactured. aDd rs
legitimate consequence II has never been able t0
dictate prices owing 10 active competition Of other
large wealthy and influential corporations. IN com
mon fairness this fact should be borne In mind before
tbs company should be stamped In public opinion n
the huge twinc monopoly Of The tnitod states I'se
who are most familiar with It's affairs declare positively
that II Is nothing Of the sort tha 1t has been
in n position TO make Itself the twinc monopoly OF
the United States and fIOm present Indications mover
can be such a monopoly as this paper t1cs 10 rep
resent H. The friends and defenders OF the National
Corlagc Company say that political cemasogues rah
seek no more cectual way OF serving Their chdS IMAM
by accusing legitimate enterprises Of being Illegal com
bnations Of capitalists. formed with malevolent de-
signs upon the public and then proceeding - circulate
their ulsrcprsentations through the medium OF news
papcrs friendly 70 the promouoh 81 ucr
polltical plans. They add that 1t Is certain;
A matter for regret that the public should 10
80 msInformcd on subjects OF considerable Importance
rbcv suggest ha, possibly the company might be more
.f, dail ips
only awake to the importance Of making Hseli Il
conune western concern, with headquarters In the
Worlds Fair city They ask what crime mas INC VA
tlonal Cordage Company committed that IL Shouid Do
rallied at daily by conspicuous papers when Keep
silence as 10 other companiesi Why should IL DO SUD
iected 10 so frequent and violent attAcksl certain
leading members Of the trade OF the opinion that
these attacks are inspired by, and made in the inter-
cs,s ~ certain well.knOwn Wall street Spectators
hacked by some Of the larger middlcmcn THESE mo
dlcmon are evidently very farscenG, and perceive ulh
the Cogdage Company plans to meet ana zeal WIN 'c
pcopc directly and not at second or even tlru mana
Tre s ,be point made BY those who advocate the do
vcopment Of the Cordagc Company They say that INC
middlemen know and fear the present tendency To re
duce nriccs and save expenses by such direct dealing
and feel that order 10 save their unnecessary anu
supcrGnons business middlemcn they must 90 All
they can TO njurc and break down the Natohai Cohc
Comnony They fear that the loss Of their former rich
commissions as mddemen Will be lrrcparable uhesS
they can defeat the plans Of the company.
Tho most important question TO the consumers Is
| whotbet blnders twtne and rope will Increase ma
tcriaIy In price. II Editor lselfsnder, OF "farm
Machinery Is 10 be believed. there Is every reason
o think that the price Of twinc Will be reduced THIS
coming season. lie maintains that there has Dcch
ovcrproduction Of this useful commodity winch WIN
active competition Is bound to lower prices. Iherc
=, M cenerol complaint from farmers In any part
~ the country that they have been charged cNorbltan
and excessive prices for twine nor IS there any
likelihood that such complaint on any large scale VIII
he heard The National COrdage Company has no
disposition 10 charge unreasonable price for It's
| manufactured products, and competition would pre-
vent this even II IT had such disposton-at least
h, &c the nos,tIye claim OF the officers OF the com
| pany.
The Tribune OF sunday, March 6, published Il
| dispatch OF interest TO every one VINO uses
v1ne This stated that the Board Of Prison Managers