The Redwood gazette., 1900-10-10
thing that Col. Reeve. who had just

thing that Col. Reeve, who had lust
returned from the Philippines as .
nominal officer Of an American regi
ment. should be 80 convinced OF the
permanence Of the Aguinaldo govern
ylnent' an to stock up the prison twiue
plant for years to come at a fancy
price that could hold good only IN the
event Of the failure of the Americans
to subdue the rebels in the Philippines
II Col. Reeve had ever followed his
men into actual battle In the Philip
pine war he would have seen enough
to convince him that the Tagals cou'
not hold out long against Americs.
arms. and he would not have paid on.
$he states 1nousv an . apeculation. the
success Of which depended upon Tagal
victory.
Takine Col. Reeves ngures for the
cost Of this sisal aAd the market
reports for 1ts value We can aD-
Drexinately nx the loss Of the state
I'm the sDeculation. The stsal was
bought when II was at the AiGhest
point. and Il soon began to deprc-
eiate In value. runnink down stead
lily until 1t struck below 6h cents .
0osnd. or . net loss of cents from
highest to lowest points SupposfnE
the decline to have been gradual
and to have gone down TO 3 cents
from the tine Of the purchase until
now. and the factory having used
Substantially O,OOO.OOO pounds dur
ing the period. 1T II certainly con-
servative estimate to place the av-.
era8e depreciation In value at ~
cents = pound. On 100000 pounds
that would foot mp . net loss Of
100000. which, added to the loss o.
the stock now on hand. would make
. total loss Of e120 600.
But even this is not all. or the worst.
The cordaee trust. which had never
been able to sell within cents q pound
of the prison twfne. has gained new
strength and IL underselling the prison
twine from to 3 cents q pound. The
prison twine has deprecated II quality
while advancing in price. and the
farmer who bought trust twine not
only got It 10 per cent cheaper. but 10
per cent better.
OF COURSE THE BOOKS OF THE
PRISON TwINE PLANT DO NOT
SHOW THE LOSS. FOR THE FARM
ERs HAD TO PAY ENOUGH MORE
FOR THE TwINE TO MAKE THE
PRISON BOOKS BALANCE. THE
LOSS ALL COMES OUT OF The
FARMERS PocKET-NoT OUT OF
THE PRISON OR THE ADMINls-
TRATIoN.
whon In 1000, ana ogaln n 1855,
0ov. LlAA pee0isea that he woula
s'veforn" the graia ssspeotson As-
1eaU an1 the Ds1soa tvviae Dtant, it
e.. a. 49, -
Ne meant. fer that 10 WHIST 10 Aas
1one IL enc yess. Det 10 tabalated
foPn ter sonvealsAee of onAeFetan1-s
lAgs
InsFeass n expense q gtaia
stDoDo1tlon Aofoaa .......... o80s000
1oes 60 staee II DFsson tsslns
DaAat ............. 80
fetal l6ss....... ...s..sss sse0e
This. too, N year when there was
8 eAeee arop. less g5ain @ - inapeeted.
and. nseeasarlly. leag twtns % - palds
1of. 1x = not p0ly the loG1 sf nDusy-
that ~ 1Armef aussAjn1 Edt to y11os
q eAe grade q 11fao fhes Dstes o. lsiih
! - Alktoy6d 41l - 9ar1GegU have 1T
ceniadsocS II - snGi14 tdl1tnt 1N4Ae
pians AaA avxn ny trust tJiine f1i1r
than Aueenit @ 4he e11os4gp - o01l1-
Susa1 49, - af1nc6t 3ll1MA1s IS l-a
Uaaa6 61il6aS = 10 1611ie3 ttltaA
It-fi eu4 - ~ 1lse6 - 80 n -:
luiish r 1tSi;s ~ 19en3l 1av1n~1y 19r..
bpna. n ls4y 60 -
- seAA4 - 1eoA W11l 1a1l1Go1 IT,
oa1n1n a36611l2k - 1Qe v1ulA
eianAelAls - wlsss. Ut TT have
MT 1Ae4e = A1k = 81 >arfilid q IT,
.AaAa sef1N - 1oo - Sahns 1nnh.