The Somerset reporter., 1904-01-21
Hints to Money Makers.

We clip from Leslie's Weekly some
paragraphs from an article under the
above caption by financial and INDUS
trial writer who gives his idea of the
situation and some Of the pefils that
threaten business. Our manufacturers
in this town have been very fortunate
during several years past in keeping the
wheels of their factories briskly revoly-
ing and have been enabled by fortunate
circumstances, good management and
energetic action to pay employees I'm
usually good wages
1t is sincerely hoped by all our citi-
zens, business and professional men, and
farmers as well, that the good times of
the present and past may continue. All
parties interested, and all are vitality
interested to greater or less degree,
should study the situation and do all in
their power to help along manufactur.
ing, SO important to the town aud its
people.
and preparing for. We must remember
that X is the hight of unwisdom to do
anything in the direction of discourage
ment of business, particularly that bust
ness which gives employment to men
and women and which affords them the
means of livelihood.
mo man with fair mind and ordi-
nary capacity for observation denies
that at the opening of the new year we
find a sad and sombre change in indus
trial conditions compared with those of
year ago My readers no doubt recall
that in the midst of the financial de-
bauch, less than two years ago, entered
my earnest protest against the delib"r-
ate misrepresentation of the situation by
many foremost fnanciers and financial
writer's of the country. When l said
that the time must come when prosper
ity would again give way to adversely,
was rebuked by them with the reminder
that we were living in a great country
with boundless opportunities for wealth
the granary of the world, and the
promised industrial center of the globe
Are we to have year of hard timesf
ter is disoouraging from whatever point
of view we take it. The closing of the
iron and steel furnaces in the North the
South, the East and the West continues
The wages of 10000 coke workers have
just been reduced about twenty pei cent.
Seventy thousand work men in the
cement industry in Pennsylvania and
New Jersey are out of work for the first
time in two years. A year ago they
were working day and night. evenly
five hundred employees of one harvester
company are laid off, without notice, in
Chicago, Milwaukee, Springfield, O.,
and other western cities. Paper mills
in the East and West have had their first
shutdown in a long period, and in the
textile industry of New England a sweep
ing wage reduction disturbs the comfort
of nearly one hundred thousand opera
tives.
There is no ADLER or more president
man in the United States among the
enormously wealthy few than James j.
Hill. In the height of the fictitious
Wall Street boom he dared allude to its
dangers, and he did this when every
Morgan newspaper was shouting that
there was to be no end to our good
times. Mr. Hill recently expressed the
opinion that it will be some time before
prosperous conditions in the United
States, especially in the manufacturing
and commercial line, will be restored
The farmer is now the prosperous ele.
ment in the nation, and If it energies