The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-07-20

reductions in the wages Of mechanics en-
ployed in building"
The american Architect goes on TO say
that building Is at standstill IN our ?fin-
cipal cities, and for a reason easily fx-
plainable Nearly everything which go 3
into construction is controlled py russ,
which have doubled or trebled prices "a
material within the past year sitha'
tlon is thus created which Is burdsnsoin.
both TO contractors and laborers. The iorn"f
are trying 10 tide along and give what tp' .
pioymcnt they can to their men, beng ht
the same time unable TO undertake large coil
tracts at going prices, even II they were W
tainable. Were the working people 70 70 on
strike at present II would merely rcneys ~. y.
tractors OF an incubus. and enable them 70
rapcr from which we quote continues rs ie-
marks very pontedly, as follows;
"Meanwhiie Il would he worth some on5 ?
country, In the interest OF workingmeh, ana
compare II with the condition OF eountfNs ~
which spectators are less 'prosperols,' ou'
where prices OF commodities are not ecu
lated hy protected rnonopolits and where tns
modest but important. industry OF DuilnluE
Is not interfered with by the sudden douolnls
or ,rebling OF prices o. materials by SYM.
Gates before whom the public Is helpless
The New York newspapers say that more thAtl
one hundred million dollars OF American
money has been sent to Europe within rev
weeks for Investment where prosperity de-
pending upon extortlon does not threaten
reyuiginn and disaster, and II Is also report
cd that about five hundred thousand pso,
pie, who have seen factories closed ana
] dealers ruined around thfm by the trusts
at the same time that prices have been
doubted have emigrated within a short time
| from this country to Canada or Europe. u
| liz not likely that all these people are mis-
taken in regard TO the comparative adyan-
| tagea OF living, or Of Investing property. ~
I this country and IN Europe; and It would h'
desirable to have the Information on which
/ they act collected and made public, not for
] soLsp of Americans
low their example, but in order that condi-
| lions here may be corrected. II necessary. g
MS to make 1t pleasanter for those who are leti
| hero to remain.
Mr.. Hawley would not have 20 look be-
yond his own city OF Galveston, or Houston
or San Antonio or Dallas to verify wha
She american Architect and Building
News" says II this boosted prosperity
were anything save prosperity of the
trusts. which have been fostered by III,
Mckinley administration, where there II
one building going up in Texas toda!
there ought to and would be 500 Blu
here is some further evidence on ,hi
line which is quite timely from the Chi
cago Chronicle:
The returns to the commercial agencies sho'
n great increase in the liabilities Of taile
concerns Ia the United States during tn
first half of the current year as compared wilt
the first half of last year
According to the returns or r. Dun
Co the increase was from $40 06i,66l las
year to 500 57d,134 this year, or more tina
100 per cent. The Increase was from 2l 695, IS
In the second quarter of last year 10 $40.
079 In the second quarter OF this yea
This shows a continuous Increase in dis
asters.
Turning to bank clearings, which indicst
the busness ups and downs better than an
, other business record made, We md de
crease of over q per cent last week as com
pared With the corresponding week last year
, and q decrease Of nearly 20 per cent in tn
: great clearing house center Of New York
AZ the same time the returns from Canad
show ma increase for all points Of 1871 per cen
, and substantial increase in every cearln
, house city except Hamilton.
Now are our republican prosperity yawper
, prepared to admit that the Mckinley ad
mlnistration is to blame for all this increas
, IN failures and decrease in the volume
y buslness7
, II it were the other way about--if failure
had fallen of one-halt and The volume
trade had Increased they would have bee
swift TO claim all the glory for the admin,
traton and It's magic policy
The rule ought 10 work both ways in tn
a case n IN any case under the sun,
t That is pertinent question asked b
/. the Chronicle and, in the light Of h
Q letter TO Senator Burns. extracted frol
! above, Mr.. Hawley might as we'll answe
L It as anybody else.