The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1908-08-22
BRYAN ON
THE TARIFF

CONTINUED from p. Z, Tax Sec.)
expected:-the manufacturers have
appropriated the trust fund to their
own use and nave paid their employ
ees only such wages as trade coadi-
tions compelled.
The Homestead strike occurred at
ter the Republican convention of
1892, but before the Republican can
didate wrote his letter of acceptance.
he could not ignore the strike, for
= presented an object lesson which
even a high-tariff Republican could
not fail to see. So Mr.. Harrison, the
candidate, referring to the strike,
said:-
Il regret that all employers of la
that capital sometimes takes too
large a share Of the profits"
Too large a share of the profits"
Yes; more than that. The protected
manufacturers have secured in many
cases, a tariff of more than twice the
percentage paid to workmen in wag-
es. The net profits of the steel trust
last year We're just about equal to
the entire amount paid in wages, and
the wages constituted less han TWEEN
of the product. According to this
statement, each working nan employ
ed by the steel trust earned, on an
average, not only the amount paid
him, but one hundred per cent profit
besides for his employer. And 1 may
add, while these beneficiaries of pro-
lection have been pretending to make
h tariff laws for the direct benefit
of the employees, these same en-
ployees have, as a rule, been kept
of the employers have become the
~possessors of the swollen fortunes"
which now menac the nations NOR
ais as well as its business.
And yet the Republican party was
not willing that a single item on the
steel schedule should be touched, and
the Republican campaign committee
will not dare publish, before the cleo
ton, the contributions that have been
made or will be made to the Repub-
lican campaign fund by the men most
largely interested in the steel trust.
How the Tariff Operates.
Let me SHOW you how the tariff op-
crates. l have here a statement made
by Mr.. H. E. Miles, Chairman of the
Tariff Committee of the National AS
ISOLATION of Manufacturers and head
of the Agricultural Implement Trust.
The statement appears in the Ameri-
a Industries Of November 18th,
1907, a paper which is now supporting
the Republican ticket n making a
special fight against the labor plank
Of he Democratic platform. Here is
what Mr.. Miles says:-
Il ave made money every year out
of the Tariff Graft. Not much, but
still a little.
THE tariff barons raised their price
$4,000 to me. I made a charge ag-
ainst the jobber of $4,000 and l know |
that he charged more than $4,000
reaching the consumer the $50, 900 |
charge became about 800, 900 to be
paid by the agricultural consumer.
The manufacturer who would pros |
per must make a double profit, one |
by the shrewd management Of his bu-
siness and another by still shrewder
manipulation in Washington.
w I've nc great difficulty in ship
ping abroad for we could get as high
prices as at home. We are SO held
up, however, by our supply people
that to most of us there is very scant
profit in foreign business.
When Congress gave US ~forty-fve
per cent, we needing only twenty per
cent, they gave us a congressional
if not an invitation, to con
solidate, form n great trust and ad-
vance our prices twenty-five per cent,
being the difference between the
.wenty per cent needed and the forty
i've per cen given"
Mr.. Miles shows how the tariff
'aises prices to those who, in manu-
acturing, have to buy other manufac
ured products. This is trans
erred to the next purchaser. The job
Der charges a profit on the tariff as
as on the cost of the article, and
.ach person who handles the product |
a profit, so that, according to I
dr. Miles, the first charge OF $50, 900 {
'ecomes $4,000 by the time it {
caches the Mr.. Miles In '
mother article estimates the total I
oss to the people at $500, DOC, 900 an
The statement of Mr.. Miles
lso shows that the tariff Is an invt- II