The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1904-08-27
PROFITS TO TRUSTS
HIGH PRICES or LITTLE 1ENE-
FIT TO FARMERS.
Secretary Wilson'S Exaggerated
Statements should Deceive No One
Good Example of the Way Pro-
lection Gets In It's Steady Work.

tSGkton Ge1a w Jus SbSaOg WOFp'
The Agriculture department is sup
posed to be run especially for the ben
eft of the farmers and there is no
doubt that it has been of great serv-
Ice to American agriculture. Indeed
it should be, for the appropriations
for the department are rapidly In
creasing For the fiscal year 1896
81, 1903, $50 was voted by Congress, and
this was increased to $5.97S,1 leo for
1904. Have the advantages to the
farmer increased in Ike proportion
to augmented appropriations, or is it
grown like the other departments into
machine for spending money on
political fayorites? There are some
rather annoying scandals to be ex
planned, such as the seed frauds"
and the carriage and crop report
scandals" which partly explains
where the money goes
Secretary Wilson should look after
matters a little closer and stop the
leaks before he gives out interviews
and makes campaign speeches boast
ing OF what he has done. Last spring
Secretary Wilson. in an interview
which was widely published in many
newspapers made wild claims of the
universal prosperity Of the farmers.
| He said They are only interested in
| the trusts 10 know that the securities
| issued by the trusts are safe invest
| ments' Mr. Wilson was still further
| quoted as saying that the farmers
/ pocketbook Is fun, that he is a CAPT
/ talist. only hunting for investments,
1 flooding the western banks with
more money than they can handle,
and sending millions to the East for
| investment"
/ The farmers Of the country viii be
! delighted to hear Of their tremendous
| prosperity. bat most Of them will
/ probably have To admit that Secretary
J Wilson's knowledge of the condition
/ Of the farmers is very limited Hs
/ may know Of a few gentlemen farm
I ers. who farm for the pleasure Of H.
1 who are Interested in knowing that
/ trust securities are safe Investments
/ but the average farmer is more inter
/ ested In the high trust prices he ls
paying would be more near the truth.
As an Indication that the farmers
/ prosperity ls overstated. one OF tine
+ large life inau, 8nca companies reports
/ that il increased its loans on farass
/ 10 Iowa In Ia92 over $4,000 o0n that
I is the new loans made bF this oue
/ company exceeded those paid by that
amount The last Iowa school census
shows that So oB9 farmers have lert
/ Iowa mostly to take Hp lands In the
/ Canadian Northwest. Would they have
/ left their fertile Iowa nglds ana the
I Gag under which they wcre born Ga
make new homes 500 miles nearer
I the north pole. If prosp"rousg
/ Does that look Ike the transcend
/ lag prosperity 81 the farmers II the
( banner agricultural state Il the UBton.
I that Secretary Wilson ta}ks go glihly
aboute There is no doubt that re.
ries 81 favorable circumstance
among them the Chinese. Japanese
war the var in South Africa the war
with spain. and the present var ia
/ the East. has Increased the demand
! for the surplus products II the farms
i This increased demand could have
/ made the farmers very prosperous
huf trust hlgh prices were EnaWine
al their vitals and deprived them %
F tre profits .hey were entitled To- That
( process is stlll going ON. an5 The farm.
+ cr that Secretary Wilson taiks about
must be- rara avis. and even BE- in
his hunt Tor investments has met vast
/ losses by the depreciation ~ nearly
all classes 81 securities. Th" beef
/ trust alone has flched millions ~
/ dollars from the pockets 0f the farm
prs by forcing down the price II cat
fls and hogs and raising the prices ~
F beef and pork 10 the consumers
( n Secretary Wilson instead 81 max
+ LnE exaggerated statements II The
prosperity Il The farmers. would urge
President Roosevelt aud his Cabinet
1 Go take real action against The beef
trust maEuAtes instead 81 Temporary
la3unefiona which have bad uu q
feet be would come nearer earntrF
his SALARY Congress appfUpF5afe,i
1 $500 eco 20 prosecute trusts. bHf ihe
Department ~ Justice has uniF ~K
pended So 00e ln hunting them. and
+ 80 far. has not haewed a single sndus
trial trust The protective tartE tIH
+ fosters the trusts aad aliowa Them 'a
sell their products cheaper abroad
{ thar here. and tbe Republican plat
I forr and President Roosevelt in his
f speech - acceptance abEfuFT ite
protective nuliex ans haRe declared
fbwtF intention % held fast tn H