Los Angeles herald., 1908-10-22

II
is raised by levying tariffs on imports.
With billion-dollar congresses on hand
that must be raised somewhere.
"If Democrats come into control
special session will be called and the
first day they go into congress the re-
vision of the tariff will begin.
1--WE have been talking about ship
subsidies for a long time. They say
labor is so much cheaper across the
water that they can't build ships on
this side in competition. Investigation
was ordered recently and surprising re-
suits developed.
aIt was found that 100000 tons of
plates and rivets had been sold to a
firm of Belfast shipbuilders by the
steel trust and delivered there at $24 a
ton. No American firm could buy 1t
for less than $32 a ton.
Foreign shipbuilders get their ma
terial used in their ships for 20 per
cent, or over that figure, less than the
builders here can get it for. why?
There is q tariff.
"The United States Steel company
undersells the markets.
isn't it nice to be protected? or
course it is no advantage to the steel
trust to revise the tariff.
ITS the same in Mexico. Railroad
materials are sold cheaper there. In
this country they charge more. 1t all
comes out of the pockets of the people
who use the roads and must pay the
running expenses after all.
American Farmer Flayed
"The American farmer must pay 40
per cent more for machinery for har-
vesting and is brought into competition
with Russian or Austrian farmers.
You see he's protected.
ITS the same with sewing machines.
1 suppose they are used in this vi
cinity. Because the good ladies who
use sewing machines are protected they
must pay more for the machines"
Mr.. Rush discussed the wealth gar
nered by trust magnates and said the
sons of these millionaires are leading
wild and dissipated lives, debauching
everything they come in contact with.
Some trusts employ 100 clerks TO de-
wise ways of spending their profits.
Yet they can't get away with the gains.
"The steel trust alone makes 100000
600 year and can't spend 1t ALL said
| the speaker.
DO you wonder that when the peo-
! pie say, as they do, that the tariff ought
to be revised, the friends of these trusts
says: "'Wait awhile. It's too COM
| plicated. We have prosperity
Don't you suppose the steel trust
could afford to give $4,000 900 to have
revision postponed four years longer.
do you wonder, when people see
money rolling into the Republicans
campaign fund, that they want to know
the why's and wherefores?
THE government will not put it's
money into any bank unless its money
is guaranteed. The state of Califor-
mia will not deposit unless approved
securities have first been put up by the
banks.
Don't you think the government of
the United States, the state of Califor-
mia and the city of Los Angeles are
just as able to risk losing as you are?
I'VE believe in an even break in this
world. Isn't it fair that the 100000
depoSitors should demand security, too?
After all, 1t merely amounts to as
surance. The strong ones have to carry
weaker ones, whether it be banking or
anything else.
Such is true in business, in insur-
ance for instance. Adjusters will tell
you many fires are caused by incen-
daries. Every honest man must pay
bit more to make up for the acts of
the dishonest.
Two fellows tai out insurance poll
cies. One fellow, who behaves him
self, must pay extra to make up the
loss sustained by the death of the dissi-
pated one.
more for their goods to make up for
the crooked or unfortunate customers.
Trust people do not contribute large
sums, particularly kings of commerce,
unless they mean to get something In
return.
Bank Deposits
"The guaranty of bank deposits seems
to be a matter that has been sneered
at by some Republicans. 1t has been
called a wild dream. Let's see how
wild it is.
"It has been tried in Oklahoma and
works well.
runs on banks occur because people
who can't afford to lose money rush
and draw it out. If there is no fear
there is no run.
'The Kansas Republicans made their
state convention put bank guaranty
plank in their platform, and so, my |
Republican brethren, remember that !
the great Republican state of Kansas |
has swung into line in the wild dream |
of bank guarantees.
eve lack today a republican form |
of government in the house of repre- |
sentatiYes which is not the body that |
directly represents the will of the peo-
pie. In the old days if a congressman |
wasn't to his constituents liking he |
failed to go back at the next cam
paign.
"Our Speaker Cannon boldly asserts !
he is responsible for the passage of |
every act passed and for strangling Of |
all others which he did not want in |
congress. We might just as we'll elect |
a bunch of clerks and let the speaker
run the whole business"