The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-03-13

D,vss,~nds In the Cotton Industry the I.Are'
est for Many Years-iow 1srsn hroosn'
Atirwer Profits.


Dividends In the Cotton indussry the Lars.
80 Tor Many Years-Low Tariff nroughs
Htgger frofits-
The New York Tribune published ON
December 30 the annual statement OF
dividends paid in ls95 by the cotton
mills Of Fall River. Mass. the center
Of the cotton industry in the eastern
states. The report shows that the av-
craze dividend paid by the various
mills was 500 per cent. larger
amount than was paid for many years
past. In 1899, the year OF when the
McKinleyites always boast as the most
prosperous period under a high farin'
the average was :. SO per cent, but TINS
has been considerably exceeded In
lss5. In addition TO the unusually
high dividends paid large sums have
been put by as reserves, or surplus
capital. SO that in reality the record
for last years business is even greater
than the above figures would show
The Bourne mills. for instance. PAID
profit sharing dividend to its employees
Of seven per cent in addition 20
stockholders dividend of 10 per GEN.,
a to,al profit for the year OF 20 per
cent. Other mills were only degree
less prosperous. number OF them
making extensive additions and re-
pairs out of last years earnings, aiter
ravinr above the average DIVIDEND on
their stock. II j. further reported that
four new mills will lie erected this
year. which will give employment to
several thousand operatives
The republican readers OF the lrio-
une. who have been accepting as Cos
pel that paper's statements that unuer
the Wilson tariff the country was De-
iur ruined. industry going To the dogs
and business standing still. must nave
! rubbed their eyes on reading TINS Oh,
fetal record of the most successiul
year in the history Of the American
] cotton industry. Had they not seer
; daily in editorials and cooked news
{ articles that the country was stiii IL
J. the slough of dependency into wn'c'
4 /, had been plunged by four years
|. Mckinleyism? Was not the lrioun'
' nsis ting that congress should promp'
' IL restore the high tariff law repeale'
in 1894 bv the democrats as the onl
!. means Of starting up our closed mill
I. and factories? Did not that pape
: .olemuly assert that free trade" ha
brought low prices, idleness and stas
nation? How then could it be Poss
BILE that one of of our great industrit
should have obeen so prosperous. y
dividends so large. its output so grea
=. its employees wages 50 high?
The answer is simple. 1.-The lit
how lied" The organ OF protecte
- trusts had deliberately suppressed Il
news OF busy mills. wage advance
= new factories started, and gener
prosperity. which had been record'
u bv the democratic and independe
as PAPERS during 1895 Not only that. o
~ il had asserted the reverse OF
truth. and by false representations
IN led its readers to believe that the &C
re- di,ion Of the country was worse tn
i've when the Mckinley law was in Tor
ne Each business failure. no matter WI
mt The cause. was ascribed to the wills
ed. tariff. and maynified beyond us
di- portance. The smallest sign OF GAIA
his i.v or depression was eagerly v
eed coined. and commented on IN parts
Ind editorials.
ON Bat when authoritative statcme
ow are issued from the center OF q or
sr:- industry showing an exampled con
NV ton of prosperity. the Tribune mer
ore records the facts But thas IS enoul
rr;- With better business than ever befo
No no argument IS needed to convince
les Fall River manufacturers and work
- that they have been helped. not ruin
his by the Wilson tariff The mere sta
~. ment IT these facts condemns the
III .ami.v walters. and proves Their bins
III, about the injury of lower taxes, 20
mere buncome and falsehoois-
an. L. w. Il
ans,