Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1907-04-10


This wheat was ground into flour at the
mills and exported as barrels of -four
and $175, 407.5S' was returned by the
governmest to the millers as draw
back, being / per cent less than the
duty paid. But this is not the only
advantage the millers have, for in the
same fiscal year ending June 80, 1905,
the official reports show that COL 600
bushels of wheat were also imported in
bond and the duty on the same, or
$150,400, was remitted under section
10 Of the turiff law, because this wheat
was, after being made into -four, ex-'
ported to foreign countries. and there is
nothing to show that even the one per,
cent was retained by the government.
Thus under the present sacred tariff
law which the Republican politicians
stand pat on, the wheat farmers Of the
country were forced to pay the tariff
and trust tax on all they purchased, but
the Canadian wheat was allowed to
come Into this country virtually free
and then be exported to compete with
our farmers wheat, which had also
been manufactured into flour and sold
in the English and other foreign mar
kets.
All the trusts and combines that pro-
duce products in which any article Is
used that has been imported and duty
paid thereon are allowed similar IA
vors under this Republican tariff law.
For instance, the Steel Trust was al
lowed 252,8s1.s2 on tin plates and
hundreds Of thousands of dollars on
other articles. The Lead Trust was al
lowed SPAS, 760.56 on lead; the Linseed
Oil Trust was allowed sos, 40; the
Leather Trust was allowed $2s,649. II /;
the Sugar Trust was allowed $780,
O2S.33 on sugar; the Lumber Trust was
allowed 500, S16.6S; the Dlstillers' Trust
was allowed $12s,7O1.52; the Tobacco
Trust was allowed $26,417.27; the
Standard Oil Trust was allowed $37,-
S14.74 the Bagging and Burlap Trust
was allowed SILT 1880 the Beef Com
bine was allowed $685., 514.99, and so
the list might be continued.
Our home consumers Of any Of these
trust made articles have to pay the
government tariff duty and the trusts
tariff tax which the trusts add as their
profits. but the English and Belgian
consumer pays no tariff tax and the
trusts have to sell there for q small
profit, because they must compete with
the English and Belgian manufacturer,
or the producers Of any other country
that export their surplus there to sell,
Is 1t not about time that the Demo
cratic plan Of tariff reduction was In
augurated SO that the American con.
sumner would get drawback" instead
of paying 1t to the trusts and the for.
eign buyer?
The Cause of the Panic.
To seek the actual reason for the
Wall street panic is like hunting for
a needle in haystack, but lack OF
money seems to be the general opinion
of the bankers as the moving cause
Now the evidence that there IL
plenty of money in the United
A ~, an N'llia.e business !
ume is increasing at the rate OF
over 8 per cent annually. In fact, there
as Deen oNer " per cent increase II
.ne pel eap.ea eiieuia..oh VI the cur
u .ne country uuiihs Tue pas
'eais' ie VI uils 10 uue " ehe
.usA .aseu ptouue.lon VI soiu, part te
.ue paahs now issuing tneir notes 70
pa. WIZ 'ne iuee yatue OF tne Dond'
unu philiy iroll Tue currency issued Dy
s.ea a aa u naa " ne" i.a.iohal panK'
WIN S@ooVU capilai "hcn nave peer
oisAiiAeu uiiuer Tue Jaw Oh lSoV.
So 1t can hardly be the lack of money
In circulation that has produced thi,
Maii s'reet panic. NOT can II be rae
pllat LONDON OF europe owes us muci
money anu canhot pay us, LOT IL Is oni!
q Re" months ago tnat secretary SHAW
was artlnclaliy bringing gold from Eu
4 rope Dy iehaing tne banks tine none!
70 pay LOT ~ Whlle tne gold was II
transit ana II wouia not nave been I'm
porteu WITHOUT TINS interest," BONUS un
uer tne conaltions OF the exchange mar
ket then existlng. mat gave the New
aork banks SoO,oOo'ooO In advance o
the einie Tue goiu Wouiu naturally nav
come mere ana the operation was to tid
over sllhiiar tignt money market Y
the one that we now nave
Is 1t uOL more reasonable that TIL