The Charles Mix new era. (Wagner, Charles Mix County, S.D.) 1???-1911, 1909-04-30

to about fifty-flye Dillon dollars, the
exempt TO six billions. Railroads and
their equipment. including street rail
ways. add to our wealth nearly four
teen billions more. and nearly another
billion and a half comes from telegraph
and telephone systems. adding canals
and shipping. There Is half a Billion
under the head OF electric lights and
power stations. Live stock counts up
four billions more. and all sorts o.
agricultural products. with farm ma
chinery, give us two and a half bill
lions. Manufactured products. added
TO manufacturing machinery, mounts
to over ten billions. Gold and silver
coin and bullion add another two bill
lions clothing, two and a half billions,
and furniture. with carriages. and that
sort of property, sum up nearly six bill
lions more. These. with other smaller
items. give us a total Of one hundred
and seven billions, to be compared with
seven billions In 1850, and about TWEEN
ey-five billions at the close of the Civil
War. 1t would not be altogether
pleasant to add TO this magnificent
showing, IL we must. that millionaires
own nearly the whole Of it. Mr.. Pow
ers. who reports for the census bureau,
says there is no reason for believing
that this is true. He begins at the
other end Of the reckoning and shows
that the common people have an enor-
nous holding in farm lands and other
homesteads, in bank deposits, and in
other forms Of real and personal prop
erty. We hope that the next census
will make this point decidedly more
definite.
In a speech on tariff. delivered in
the House. Representative c. II. Davis
Of Minnesota denounced the lumber
multimillionaireS of his State as we'll
as the methods by which the North
west had been denuded of it's tremen-
dous timber resources. I'm the fifty
years that l have been Il resident of
Minnesota said Mr.. Davis. Il have
seen n OF the grandest forests of pine
and other valuable woods disappear. l
have seen that forest s%quandered reck-
lessly, seen it purchased at a price
hat was almost for the asking aII
then the timber demolished and moth
ing left in its place. The only valu-
able timber of any magnitude now left
Is in the extreme Northwestern States,
save and except some in the more
Snufhnrn STATES Eipht wan - n un Min
neapolis was the lumber center of this
continent. and to-day about the only
thing left from that immense forest is
a large number of multimiliionaires.'
-
In n conference the Democratic syn
ators decided to vote as a unit for nm
amendment to the tariff bin imposing
a tax of 3 per cent on incomes of So
OO a year and over and an amend
ment to this effect was prepared by
Senator Bailey. He estimated that it
would produce 100000 a year rev.
enue. Senator Daniel wanted the con-
ference to favor his proposition to tax
the gross earnings of corporations, but
the matter was not acted y On
motion Of Senate McLaurin it was de-
ided to favor in general lower duties
on the necessa rieS inc make the needed
Increases on the luxuries. They went
on record as against any tariff policy
so deficient in revenue-producing ca
pacity as to require a bond issue.
-
Tobacco users of the country have
been paying war prices for their weed
ever since 1902, and without anybody
but the manufacturers of tobacco being
any the wiser. The manufacturers il
is estimated. have profitel something
like Sio.00O,OD by the mistake" The
trouble was caused ny the fact that the
size of the packages. which were re-
dueed from ,, 3 and 4-ounce sizes Ia
1913. 213 and 31-3-ounee sizes. was
never changed. Representative Dawson
Of Iowa has discovered this mistake.
and has introduced a bin 70 correct II.
-.
Refreshments of duties amounting
To a total increase Of Sl.239,0oo on
sugar imported by The American Sugar
Refining Company at the refinery OF
~Havemeyer 4 Elder. between December.
1901. and November. 1907, have beer
ordered by Collector Loeb of the port
of New York. The imposition of the
increased assessment is IA result of the
trial of the case of the government
against the American Sugar Refining
Company. which was recently tried, In
which the government was awarded
S134.OOO.
Wyoming wants an additional 1000
200 acres of arid lands granted to it
under the provisions Of the Carey act.
and Senator Warren of that State has
introduced a joint resolution under the
terms of which the United States
would make the grant.
-
Western Senators are preparing to
fight the drawback provisions In the
po ynn fartff hin n.lt;xnr IF lana