The morning journal-courier., 1908-10-22

pdnlCS, strikes, lOCROulS, etc,
 And patient reader does it not look as reasonable to suppose that if the laws Were made and inforced in and for the interest Of tho many permltt- ing and promoting the more equal dis tribution of the rewards for labor, tthe value created by labor, ie. tho money value, or product actually earned or producedl the financial pam les and periods of hard tlmos would be less frequent and less severe just as the jolting of the carriage would be lesscned more by repairing the roadway than It would be by changing the springs?
 Then, again, when our industrial coach runs hard these same "captains' misiudge the cause and proceed to lay the blame upon the team when 1t is the aNles that are dry and need oling. Lack of confidence" Is the cry and immediately they proceed to shout Prosperity through the press and from the stump, and if this does not prove sufficient to induce their team. the tolers of the country to again pull In their harness and vote thelr way, why they just lay on the whip of "If you do not vote our way you must mot expect us to give you employment and endcayor to scare them into doing IL.
 Now, while the writer believes these men wrong, he also believes that many Of them think they are in the right and justi6able in the methods they pursue, Let us reason the case,
 When the net profits of the Steel trust for ono year some fifty millions of dollars, exceed the entire cost of labor, does labor in this ease receive It's fair proportion of reward? But our captains will tell us that "cap- | ital" and brains" entered into the manufacture of this great industrial product. and that they should share in thc profits! Wcll and true, But let us consider their claims in compsr- ison with their profits. Would not from three 10 five millions If dollars have been, in your judgment. all that the few men in control could possibly have been entitled to on account of thoir superior intellectual achieve monts2 And, furthermore, could they have earned this amount in any way except by directing tho work of oth- CTS?
 on the other hand, what supariori. ty has capital invested by outsiders e,,a,. ,o,;t,1 {,,.rW.g,1 l,,. tb ,,s.,,.iy <. t5 themselves, provided lt is controlled and directed by the same officers? though it would have bacn impossible to have produced the steel trust under existing conditions as suggested thr writer sees no unsouGd reasoning il arguing that had the laborers them selves possessed sufficient meaus and ability to form such a gigantic con- ! cern. they would have heen able to di. vide the entire profits less the saar. ies of the directing officers among themselves.
 Therefore it is not a fair statement that the earning value of capital should be based solely upon the ahl. | fly of its holders to sec where to in. vest it to advantage including 8 fair premium on risks incurred Thia in the case of individuals loaning money on notes, mortgages etc- i' Limited hy law being per cent onll 1 in Connecticut.
 l IT this ho thought fair for the indi i yidual investor in such cases. how car capitalists under other condtion' claim several times per cent to b. no mere than righteous returns f, ! thom upon their capital invested ! can ym toll2 Can you tell how tl,a i 5o or LOO per cent. can he earned il one ,ear on and hy means of capita invested Nu any grc't industry requr ing tac employment of large number ,f pcrsors9 Earned outside of and in dependent of their actual just anC righteous proportion of thc value Q their product
 Let us look into Che tariff 1uos ton What dc the terms Tariff to revenue only and "Iligh protectiy, tariff mean Is there any matlria i aifrcronco2 If SO, what Is it2
 We will take up q familiar articl of commerce and for tnc sake of sim plifylng the Illustration we will nlak, our own prices and tariff r2tos Sup pose it costs the American sugar man ufacturer four cents per pound lo each pound of sugar produced read for market He could sell his produc for five cents per pound and make profit of one cent on each pound sold Suppose that the Cuban manufactur or could produce sugar equally % good for three cents per pound am
 could ship 1t here for one half cen per pound. Would he not he in posi- ton, if there were no tariff barrier f ! undcrscll the American manufacture since his product laid down in ou markets would have cost him onc-haI cent less per pound than it cost nl American competitor?
 Since this would seriously injur home industry there would be a Jus cry raised for protection by means ( a tariff or government tax upon i'm
 ported sugar. Now let us suppose tla in answer 10 the cry congress votes d import tax of onc-half cent per poun on sugar, This raises the cost to th Cuban producer of sugar laid down 1 our markets to four cents per poun,
 which would be the same that on pound would cost the American manu racturer to produce ready for mar ket. This would leave the market ope To both American and Cuban suga
 Cuba's product would be shipped int
 the country and sold in competitio with the homemade article whic would tend to lower the price to tll consumer 10 the lowest figure tht NoaId yield a fair profit to the manJ
 facturers, while the government woul receive substantial revenue from til
 tariff paid by the Cuban manufacture
 who in turn would be able % get