The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-05-22


thousand gait danger Mr. Taft
looked the propc growth of the United States during the
years the present dynasty has held forth he would find among the
items Of growth wealth that stock list OF the New York Stock
Exchange showed that ten and reeqrr billions Of dollars OF stocks
and bonds had been added that list for trading If he
took the sixy-odd companies that furnished that capitalization and
scrutnzcd their accounts prepared by themselves he would have
found that there less than two and three billions OF actual
values money property combined into
reequarer billions capitalization Now, gentlemen that can't
and these inflated conditions runk 10 actual value of the property
president says simply the light
and responsible for this condition deny his right to
illustration and then let ask you search memory
whether the president has sought regulate this condition
once heard wag answer question asked by Trend oL ms
question this What good remedy Tor morning headache
The answered The best remedy don't get drunk last night
aughter) The remedy for the depression Don't let them in
& aie o s or SIX years % ne oea states get drunk
In the steel industries OF this country became ambitious to
protective tariff shut foreign competition equal
terms and it remained necessary for them only to destroy I home com
Steel company Lused to wonder why they gave that name just as
e " Ml =; H. Irits ~ wa So & ny 4 I;d @ T. ,bat , be srst aar
administrator fourteen hundred and forty
millions They bound hundred and twenty odd mills under that
BY ockhoder in the state Jersey Scbwab pres
den of the United States Steel called to make
could think ofthe mill that mill and en- and
added the working capital hand the bills receivable and the
credits and stock hand had inflated them all the
greatest possible limit he short Of making the assets schei
and with stroke of the he made the amount by showing
had cost three hundred and five thousand dollars originally He
could have lust as well have A little ink
challenge who defend this wide
octopus show that there four hundred and forty
millions Of actual billion four hundred and forty
million dollar capitalization of that My friends had
inventory of those you'd find the other billion was the
afforded tariff law, which that octopus
control Of the American market every Kansas farmer
chip earned dollars the scheme that makes these swollen
fortunes.
the going when you will ayto the
of the United States You have right to take The earnings
toll the products of farms to create vast fortunes
Andrew Carnegie and his kind In that connection let me
you this illustrations
good citizen went back to his work
shop himself rebuild his broken
burden debt and by
oha efforts things by using honest Andrew Car
the manufacturing business (lhey spelled II
He associated himself with five other with like
sentiments Ten thousand dollars capital only was put N by each
they continued busy The profits Of each succeeding
year added In less than OF century Andrew Carnegie
the business for four hundred and sixty millions Of
dollars twenty thousand dollars per head Tor every
his when the mills running at greatest height
Where did he get any such opportinitF
There thing which they could be credited with past
experience that the OF beautiful phrases
Their plea protection protection American labor That
protection fortune Of four hundred and sixty millions
OF dollars less than five But let where the labor
while they piled those millions In the valleys above Pitts
the mills they built the cabn which became hut
or the who PERFORMED the abor When Carnegie LETT the country
dollars
friends socad protection abor Did the ahoes
participate the protecton He there either buried beneath
the sod in that valley alive out and bent with he s
Where the American
labor? These illustrations friends least worthy of your
But the certainly the time has
American people shall stand this thing longer. and
be bndd and deceived BY this talk about the Nag and appeals 70
prejudice Every the flag today but that
graers love it for while you aud love for another
emblem c liberty, and countrl
Continued on pase s.