The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1898-11-03
PRODUCTION IN COST"
How Wall Street Endeavors to
Hoodwink Sons of Toll.
WHEAT, WOOL AND COTTON.


Sharks Burst by an Army of Cold
Commodities ON Farms--Scathing Ref
utation of Impudent Claims OF Ciews.
even In the south - which many
have assumed must suffer severely
from scent cotton-business is fairly
active, and the best opinion there Is
to the effect that, owing to the large
reductions made in the cost Of grow
ing the staple, 1t can be sold at that
price at moderate profit. Thus
writes Henry Clews in his financial
curcular last week.
That is the same old story that the
"best opinion" of Wall street has been
telling the northern farmer about his
wheat.
When wheat got down to s1.25 the
farmer was told that he could afford
to raise wheat and sell it at that price
at moderate profit"
When wheat got down to the dollar
mark the farmer was told the same
thing-he was still-getting 'moder-
ate profit"
When wheat got down to 80 cents
that moderate profit" was still doing
business according to the "best opin-
ion."
Then wheat tumbled to rs cents, and
"best opinion" patted the farmer on
the back and called him a bully good
fellow because he could raise wheat
and sell it at rs cents at moderate
profit"
When wheat was inviting the farm
er to walk up to the warehouse with
a smile and pour his wheat into the
hopper for 60 cents, "best opinion"
and moderate profit" were shaking
hands with themselves and congratu-
lating each other that along in Jan
uary, when the farmer had no more
wheat to sell, they could boost the
price up to about 75 or so or 80 cents
long enough to unload" and make
more clear profit at one stroke than
all the moderate profit" of the farm
ers put together.
Wall Street "Jollies"
| JUG lSltCl WOihOu uP IhC iuOuOldtO
profit" business pretty strong until
this years crop was ready to harvest,
then the bubble burst, and by the time
the farmer got his wheat threshed and
ready for market "best opinion" and
moderate profit" were at the ware
house again ready to pat him on the
back and call him bully good fellow
to sell his wheat for 65 cents bushel.
Just so with the cotton planter. He
has been getting his moderate profit"
out of cotton right along on de-
scending scale from 16a20 cents per
evund rs years ago down to cents,
"the lowest price on record" in the
second year of the Astounding pros
perity" administration of William Nc
Kinley, the false prophet of prosperity.
So it has been with the woolgrower.
He has been reaping his moderate
profit" on wool on a descending scale
Of 6Oa75 cents per pound to "a drag
on the market" suspension of the
Wool Exchange bank in the second
year Of the rule of Mckinley = with
his Dingley bill protection on WOOL
Henry says that moderate profit
is concealed in scent cotton because
of the large reductions" in the cost
of growing wheat. They do not reck-
on that self binding reaper costs
more than a sickle or cradle; that
a grain drill costs more than the old
broadcast son of toll who carried O
sack on his shoulder and walked back
and forth over the plowed ground
guiding his steps to stake with anews
paper wrapped around the top of it
plodding back and forth scattering the
seed that was to yield him "dollal
wheat" or $1.25 wheat next year. MOI
do they count the phosphates ant
other fertilizers that farmers buy nov
and PAY MONEY for as against tn,
barnyard accumulations the farmer
once relied on entirely for enrichin.
the soil.
Brazen Lies Nailed.
Great reduction in the cost of rails