Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1904-07-08
THE TARIFF TO BLAME

clerks and workingmen- should hus-
band their and savIngs, for a
period Of business depression would
seem to be impending, The Associated
Press sent ont a warning on May III,
which was published in the evening
newspapers OF the date and the morning
newspapers Of the next day at the head
OF the financial news. The report after
stating the unprecedented collapse OF
the stock market suys:
The conviction Ii growing, no weyer,
that the cause Of the stagnation in the
stock market is deeper lying than my
temporary factor and has to do with
the gradual emerging Of the conditions
OF general c%ontractiops in business and
industry in all directions.
Hard times alwaye follow a boom. and
business depression means that the man
| must sesk the Job and not the job the
man. The reduction in wages TINT COM
menced last fall will surely be more ac-
cenuated us the demands for labor be
come less and the railroads and other
great corporations reduce their working
force. Indeed, this reduction has al.
ready commenced, for the New York
Central railroad has ordered all it's de.
partments to cut down expenses and
tho men employed to be reduced to the
least number necessary to carry on the
business OF the road. Other railroads
will likewise r%etrench, and this Will
cause stagnation in the labor market,
for when "the mar is seeking the job"
he is compelled to accept what the en-.
ployer offers when he knows that tbous.
ands are after it.
This breakdown OF prosperity which
the protectionists boast is produced by
the protective tariff is the outcome that
has been foretold by the Democrats.
The goose is slowly dying that laid the
golden eggs, and few have the gold anc
the many will now have to suffer. But
the deception that the Republican lead
ers have practIced on their followers
is still being continued, for on the came
day that the Associated Press sent out
it's pessimIstic report on the business
outlook the Republican state convention
OF New Jersey Ill the platform adopted
declared -tlnt the protective tariff has
brought the greatest prosperity 10 cap.
ital and labor" Republican platforms
are VIGOROUSLY unreliable, and the idle
men in the protected Industries, in the
silk mills, the wooden mills md other
factories running on short time in New
Jersey, the G0.0O0 idle men in the tex
tile field in Philadelphia alone are facts
that disprove the reliability OF the New
Jersey platform besides the general
contraction i'll business that the Asso.
cialed Press nnounces
Prosperity has vanished from go many
industries and go many homes are re.
stricting their expenses that there must
be sothmeing wrong with the system
that the Republicans are Boosting Of
Tho Now Jersey platform. however
told the truth about tho prosperity the
tariff has brought to capital il it had
been frank enough to acknowledge that
capital" meant the trusts. AS long ms
the trusts and combines can keep up the
price OF what they produce they will
still have Il measure OF prosperity, but
with falling wages and mon ont OF work
oven tho trusts will suffer, for the en-.
pacity VI the people to consume in meas.
urcd 10y the amount Of money they earn.
In curtailrng expenses ~Iuxuries and then
clothes are the first items cut Off. and
the present depressed condition OF the
textile market tells the tale. In the
Journal OF Commerce May IL, the head.
lines Of tho article on the dEy goods
trade say:
Buyers Still Cautious-Not Disposed
to Commit themselves to Liberal Pur.
chascs-A Waiting Periol ON all Lines
General Belief Tint We're Prices 10 bo
Announced on Lower Basis Buying
! Would DO Sufficient to Cause Speedy
Rc5ction Many Lines Selling nj or 30
low Cost Today" Tie SAM newspaper
on the same day published a dispatch
ii'h' iN'fSiI IiHoTI' NIlOu eH) q
q rho rlan Of running the mills four days
u week. which has been tined for the
past five weeks, has proved disappoint.
ing. Some Of the agents at least strong.
ly favored Il reduction in wages. even
though 1t WIS pretty vol understood
tint n strike would follow tho move
Other manufacturers favor II shutdown
without u reduction. There is general
apprehcr sion owe the situation" a
number Of other dispatches N came
issue Of tho journal Of Con. mercc in.
dictate similar conditions at other places.
resolutions by Republican conventions
TINT prosperity reigns supreme and
the protective tariff il the cause ~ i. 10