The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1900-10-27

AtOooS oAAA p1C 1Ol UuS1uGSS pluCc UCt
year and is making money. The ex-
orbitant rates Of express monopolies
are notorious, and even railroads have
been known to make excessive charges.
Municipal Franchises.
IT is >4le same with all our city mon
opolics. Gas sells at 81 which can
be laada for 20 cents and distributed
for Is, as we know from various gas
reports and investigations.
The above are but {; few samples
lrcin an enormous mass of facts DEM
onstrating that private monopoly
tends to cxtortion.
Extortionate charges lead, Of course,
to enormous profits and the building
OF vast fortunes which become in thei;.
turn, the instruments Of further ex-
tortion. The monopolists roll in
wealth, while the working masses and
competitive cl;lsses are cheated out OF
their fair share of the worlds wealth.
Those who build palaces do not live
in them.
l:uiltlers Enter Not In.
Those who dig coal have little fuel,
Those who make clothes are ill-clad,
those who grow wheat and corn are
poorly fed.
Those who build railroads do not
travel.
These who do most of the work 90
not enjoy the fruits of their labor,
while those who do little or nothing,
lou all
opoly gives some men the power OF
appropriating what others produce.
Here are some of the profits private
monopoly has made:
Oil trGst-$23, 900 in three months
--ahcut 100 per cent year on the cap
ital. w;i.er and all. (Tle oil monop-
ely has been known to make $40 per
cent en- its whole capital, and on one
Investment 5000 per cont per year was
obtained through railroad favuritism.
w caltA Against Commonwealth, pp.
81, 50, lC0.)
Profits OF Monopoly.
Steel trust--$i2,50 0,0GO year
about 20 per cent OIL water and all.
Sugar trust, 200 to 400 per cent.
Wire trust, GO per cent.
Tin plate trust, 40 per cent.
Pennsylvania coal, 80 per cent.
Fifth Ave. bunk New York;, $50
Fer cent.
Chemical bank New 1ork), 200 per
cent.
metropolitan Telephone Co., $50 per
cent.
Bell monopoly. s5,OOoOO0 year, As
OF its total income. .....
Telegraph monopoly ION original in
vcstmenD, 800 per cent year.
Bay State Gas Co., co Der cent q
year.
Cleveland Gas Co., IA per cent a
year. .
New York Gas. s3GO,0Co.O 900 in ten
years, or enough to pay 10 per cent on
the investment and duplicate all the
plants bcsidcs.-(New York Senate In
vcstigation).
Metropolitan Street Ry. System, New
York. % per cent.
Philadelphia Tract:on-$5, 500, 600
16 per cent on investment.
18th and 18th Street Co., G5 per
cent,
Philadelphia City 81 per cent.
Ridge Avenue AZ per cent.
Citizens Co., 67 Fer cent.
I'd and Sd Streets, Is per cent.
Union. 81 per cent.
The excessive charges and exorbi-
tan. profits of private monopoly are
nothing more nor less than taxation
without representation. You are no.
represented in the oil trust, the steer
trust, the coal combine, the Chemical
bank, the gas, electric, street railway,
telegraph, telephone, railroad, beef, su-
gar, copper and tin monopolies. Yet
they levy taxes on you.
Wntcrel Stock.
The monorol:sts know that their
outrageous profits may rouse the pco-
pie If they become known and so many
of those most open to the public gaze
try to hide their gains by watering
their capital. Ninety per cent on the
real investment is only per ceat on
a capital Watered to tenfold bulk
Fraud ana eXtortion are among the
most prolific and are quite the most
deplorable Of all the results Of private
monopoly.