The broad ax. [volume] (Salt Lake City, Utah) 1895-19??, 1896-07-11

the Democrats TO adopt gold standard
platform at Chicago or 90 down to Ger
tain defeat in November. In answer
would say that you can find out by
writing to Joseph Medill, William Penn
Nixon or H. H. Redistribution the
Times.
wooFs Bottom Climax
Chicago Chronicle: From q Mime
sofa editor The Chronicle has received
Q copy of q circular sent cut by a Chi
cago wool commission house, which for
convenience sake we may call Wool
worth & Co., accompanied by the ques-
ton, What can you say to this?"
1t may not be necessary to say much.
The circular, which may have been
written by the residuary rhetorical leg
aztec Of Sir Boyle Roach, seems to speak
for Itself, as 1t were, through its hat"
In their opening paragraph Woolworth
& Co. convey the Information that the
wool situation 'is the gloomiest on
record; 1t Is simply paralyzed."
Emerging from their gloomy paralysis,
they remind their readers that the
darkest cloud has its silver lining, and
sometimes covers the most brilliant
sunshine" At other times, no doubt,
1t covers the most silvery moonshine
I'VE believe" they cheerfully continue,
that burrows in the dark depression
Of trade are widening; IL such be the
case we will soon realize a change,
with prosperity and confidence again
at the helm" With these parties at
the helm Of the pillow we may expect
the burrows In the dark depression not
only to widen but to deepen until they
blossom as the rose on the hill tops
Of Bamboozland.
1t grieves one to learn that "our
nocks are Imprisoned behind the tan
gled web Of uncertainty" and that for
eign hocks are increasing In value and
in numbers while American wool goes
begging for buyers, selling at a dis
count In every market Of our country"
But 1t is cheering to learn from the
same high authority that the price of
wool has certainly reached q climax;
there il no doubt that the bottom has
been touched" There's nothing like |
touching bottom, even IL II Is the bot |
tom Of a climax, or what prosy people |
might call an anti-climax.
What can we says to this? Why,
that WOODWORK & Co. are not second |
in q certain kind of talent to the mayor
Of q German town who, in a formal
address to the emperor, said: mo Aus
tria, no Prussia! Only one Germany
Such are the words which the mouth
Of your imperial majesty has always
had In its eye" And In their advice
to shepherds to hold their wool in
Of the election Of McKin-
ley they are not unlike another illus
trious German-Count Falkenberg-
who urged his friends in the reichstag
to seize the stream of time by the
forelock."
But Is there nothing serious to say
to this? Yes The gist OF the circular
is this: Hold your wool and vote for
and a high tariff on foreign
wool. Thus will you get high prices
for your wool. This may be good ad-
vice for the wool growers, but 1t over
looks the wool consumers, who are
much more numerous. It even over
looks the average wool grower himself.
who, under a Mckinley tariff, pays out
TWO or three times as much in artificial
prices for wooden goods as he gets In
artificial prices for his wool.
The circular assumes that the wool ,
grower viii be ruined irretrieyabIy ~ ,
he government does not help him get
In artificial price for his wool. We
heard something like this a number of
Years ago, when 1t was proposed to
lboiish the internal tax on matches.
Under that tax a combine of q few biR
enjoyed a monopoly. /,
Representatives Of the combine claim
ID that the repeal Of the tar would !
'uin their industry. Notwithstanding
heir protest the tax was repealed. AS
result we now have cheap matches. ,
nd while Diamond Match stock brings
Is In the market We may safely con- ,
Jude that the industry is not ruined
We may be equally sure that while
rec wool VIII give US cheap wool and /,
heap clothing II will not exterminate
ur focks. Woolworth q Co. are al
mixed In their facts and phflosophv as