Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-07-09
Local Comment

Omaha business men realize that
their own money must be invested III
the factories which go to build up their
town. Waterloo business men discov-
cred this ten years ago and they have
doubled the size of their town since
then. In Marshalltewn the lesson must
be learned ene or later if we are 10
grow. AS an example in the Western
Grocer Company, which includes Stock
holders from several live towns, any
increased stock issue is always spoken
FOR by the men of Mason City, Albert
Lea, or Oskaloosa. Not a long time
ago a Marshalltown stockholder de-
string to sell found his purchaser IN
Albert Lea. Today there is a preferred
stock issue in his company on sale III
Marshalltown and it is not grabbed up
as II should be. This company Is oulio-
ing in this city one Of the largest rae
tories we ever expect TO have. It's
credit is so high that 1t can oorfo"
money from Philadelphia, Boston or
New York banks on its W merits. is
preferred stock is preferred as to as
sets, ii bears 6 per cent DIVIDENDS pay
able seui-annuaily and is not taxable
The common stock represents three
dollars for every II invested IN pre-
ferred stock which is n same as GET
ting four for one collateral for all the
money invested in the preferred s'och.
There is on deposit in the BANKS OF
MarshalItown today at ! per cent IN
tsreSt over s2.0o0.0O1 fully hait OF
which is looking for some good invest
ment. This money is in effect loaned
10 these banks on demand and yet an
the banks in Marshalltown put to-
gether do not have as much invested II
their business by stockholders as Goes
the Western Grocer Company. These
remarks. of course. are good aoFer-
Using for this stock. but what is SAID
in this coImun can never be purchaser
al any price. The point is that men
make q town and that q men "1lh-
in a town must make that paflicuias
town. Until Marshalltown learns ms
lesson her commercial CLUBS Viii De
nothing but ornaments.
Returning TO the Omaha preceoen,
M~arshalltown could yet secure tor ma.
the investment which Omaha expects
TO make al! that Omaha will get Tor
her money.
President Trick, Of the Iowa STATE
Federation Of Labor. has visited Mar
shalltown and gives out TO the hegs
ter and Leader n interview in Which
he predicts further labor irouolss IN
this city owing 70 what ne terms
Imaginary troubles We quote from
the Des Moines paper:
Most OF the business men are Dill
terly opposed 20 organized labor" said
Mr.. Trick Yesterday. The sins Of the
-I,z[ .- the uE,i1t
rough crowd always looking for t-ou-
bic, are visited upon the strikers. the
business men seem determined thar
there shall be a widespread labor trou-
Bile. Al least. their actions proclaim
such q sentiment.
One prominent business man tod
me tina, if necessary Ma-shalitown
would sacrifice all Of its factories be-
fore i, would recognize the unions. He
said that he thought 4, would be q good
thing for the town 70 start all over
again and prevent any possibilities OF
future trouble such az they are expert
encing now. Their policy is suicidal.
The business men there seem re-
signed 70 the thought that they will
Jose their manufacturing plants. II
they do. it will be their " FAINT.
Their belief of the rumors, which are
common wherever tlare are any labor
difficulties, vii! DO more toward max
ing them facts than anything else. II
they would confne the trouble 70 the
plant, where the only real trouble Is,
and not align themselves against ali
the organized men Of the city, there
would be no possibility that factory
owners will move their plants TO cities
where there IS less friction. The sit
uation there is a ~p.ecarious one.
could DO nothing 70 help II. The trou-
bic will Just have 70 run its course"
Nj. Trick. himself, GEMS to have ac-
CURED an imaginary alarm. Prejudice
here IS not against union labor So
much as It Is against iawless labor. 1t
IS the rioting that has taken place
within the past few years that has ter
rorized some Of III people and IL Is
already reac;ing TO the loss OF laboring
men themselves. When people were
frightened from building as much as
they intended employment was lost as
well as a market for material and II
President Trick has found business
men here who fear that factories will
be lost 1t must be remembered thai
20 factory Ear go without taking with
Il the employment il offered. We are
all in the same boat as 70 these things.
Il was most forcibIy illustrated in the
case Of the Lennox Machine Companys
strike. Whether the men were justified
or not in striking they certainly killed
a o that was in the very act OF lay
ing a goden egg. On the n day that
the strike vas called bids were 20 be
received in the Chicago office Of the
company for the erection of immense
shops In this city Of steel construction.
Had the news of the strike been three
hours delayed the company would have
accepted a bid and let its contract for
shops which would have employed
three or o times as many men In
M~arshalltown as it vas then employ
ing. AS it was news Of the strike
telegraphed to the manager arrived in
time to order all bid rejected. The In
dtv!dual men striking may argue that
this was Of no value to them unless
the jobs offered were satisfactory but
it is q distinct loss to all other labor
n business interests to have that
/ much hT1i11in orI ovro rcior, rs ,n-4,o