Daily capital journal. (Salem, Oregon) 1903-1919, 1906-08-16

5,492,17s, not including those IN
the hand trades.
The total wages paid in 1896
amounted to 1881, ,2O9, 500, and in
1906 to s2,661, ,4O9,85S.
The value of the output of our
manufacturers in 1890 was s9,371,-
37S,S49, and in 1905 $1AS73,S1S,-
, 425, not including that from the
hand trades.
Taking the testimony of Presi-
dent Cleveland and Samuel Gompers
as to the deplorable condition in
in 1894, 1895, and 1896, it will be
readily seen that the industrial de-
yelopment of the country, both af-
fecting labor and capital, has been
at the rate of 100 per cent in ten
years
There has been much discussion
and no little confusion over the
! effort TO compare the relative in
crease in wages and cost of living
in the last few years. The labor
I bureau OF the United States in its
last bulletin, on this question made
a very careful analysis for fourteen
years from 1890 to 1904. In that
comparison and analysis it was
, shown that the weekly earnings of
all employees had increased 53.4,
per cent from 1894 to 1904, and
that the retail prices of food prod !
ucts had increased in the same time !
only IL per cent This, / believe, is !
the only careful and scientific in
vestigation that has been made of
the subject.
Plant the Factory by the Farm.
The Republican party has always
followed the maxim plant the fac
tory by the farm" that there may be
the closest possible exchange be-
tween the two great bodies of pro-
ducers. One of the old complaints
hove In the West was that the manu-
Iacturlng was principally in the '
East; but the continuation OF a {
settled policy of protection has grad 8
lally extended the Industrial devel- {
Dpment to the West and the South. @
bringing agriculture and manufac- v
.ure closer together. The new sta Il
istics OF manufactures compiled by s
he United States census office last 0
'ear show more clearly than any
PREVIOUS census the general benefit n
u the protective policy. The pros b
'erity that has come to the country "
Inder the Dingley law has not been a
pasmodic nor sectional, except that lir
has produced greater extension Ii
II manufacturing into Central, West r
rn and Southern states. This new II
ensus shows, first. that there has 0,
een larger per cent of Increase in OF
ne capital put into manufacturing W
Iants In the last five years than bl
mere has been in the product of az
hese Industries. The actual in We
rease In capital was $3,7OO.O .OOO.- be
Oo' or III per cent greater than the in
apital Invested In 1900. The actual gr
lcrease In output was $3,364,OOO..
oo' or about 80 per cent over that tn
1900, Capital has grown conf. po
eht OF Its investment and has In
lrned back into the plant a larger an
mare OF It's earnings to increase the in
emand for labor and ultimately in III
'ease the output. tr,
rms census also shows thar :, 90
We years from 1900 to 1905 the IN. 90
ease In the number OF wage-earn- Po
- employed was l6 per cent over pin
'e number In 1900, and the total 90
ages paid 80 per cent greater. IN Or.
.ner words. the increase In the tn,
'''l wages paid was almost twice ! tn,
le ratio OF the increase In emp,ov- IN,
'ht' To my mind there could be er
more complete answer 10 tho otl
'mplaint that wages have not nd ex,
'need since 1900. ito
in West and south i'm
pu' the most significant figures POI
'nis new census are those which i'm
ow where the greater Increase IN
dus'rial plants. capital. employ. Tn
'h'' wages, and output took Mac the
was In the Central. Western an. pre-
'u'n'rn states. which few years lab
. were designated simply as agri. tio
''urHl sections OF the country q, ain
Q $500 100000 Of new canita, ito
i into Industrial plants IN tbesa OF
. years more than one-half of :, tht
Is In Central, Western. and son,h pee
s'a'es' New England Increase sur
, Industrial capital only sss4 the
N