Monroe City Democrat. (Monroe City, Mo.) 1888-1919, 1910-08-04

lions serve to prove the truth of this
assertion:
The Borax Graft.
Borax, that finds It's use in every
home and is extensively employed in
manufacture, is found in unlimited
quantities in the waters OF certain
lakes in California and Nevada. 1t can
be produced from these waters cheap
er than any other place on earth. For
many years, American bOraX has sold
the world around.
Prior to the Dingley bill, English
and American prices were the same
and ran in the neighborhOod of two
cents per pound. The Pacific
Coast BoraX Company owned
the California and Nevada deposits.
Senator Stewart, Of Nevada, and Sell
ator White, of California, at the de-
mand OF this concern, procured in the
Dingley bill duty of five cents a
pound. Immediately, the American
company sold its holdings to The b.
raX Consolidated WORKS, Limited
an English Company, for an almost
fabulous price. At once the English
syndicate advanced the price of borax
to American consumers from approx
mately 212 cents to cents a pound.
All these years, the English people
have been buying American borax for
from 212 to 3 cents per pound-while
the American people have been fore
ed to pay 512 to ~ cents.
Copper Trust.
The American people nave been tax
ed to put eXorbitant profits into the
pockets of foreign millionaires, who
probably never cast eyes upon the
American coast. 1t is difficult to be-
lieve that such a plan and scheme of
loot as this, unpalliated by a single cir
cumstance and unpropped by solitary
sophistry, could be thus brought to con-
summation unless corruption had en-
tered into legislative halls.
One more example, and then l quit
the theme:
Vast deposits of copper were dis
covered in our country. The people
fondly hoped that this great store of
metal, placed in the earth by the Al
mighty's generous hand, might result
in some benefit to them. The Calumet
< Hecla Mining Company speedily &C.
quired all of these immense bodies of
ore. So rich were the ore beds of
this country that American copper
was sold in every land The Calumet
& Hecla Company determined to OBJ
tain monopoly of the American mar.
ket They had a duty of 5 cents Der
pound placed on all copper imported,
and at once advanced the price to the
American consumer From that day
on, Americans have been compelled
to pay substantially cents per pound
more than was paid by the foreigner
for copper gathered from the same
mine.
The advantage to the English manu-
facturer in being able to buy his copper
cheaper than the American brass
manufacturer brass being made from
copper and zinc) was such that the
latter was practically driven from
business. Thereupon, the American
brass manufacturer hit upon the de-
vice of buying his copper through
English agents-having it exported to
that country and rebilled to America
IN the original package-thus escap-
ing the payment of u4Ie American dutv
and gaining the advantage of the En-
glish price plus the freight charges
incident to the long journey across the
waters and back.
Copper Trust Dividends.
No sooner was this fact learned
than the copper trust exacted from
every foreign purchaser a bond that
he would not resell copper to an
American. This condition has been.
to all intents and purposes, main
tanned through the years. The insati-
ate appetite of this concern could not
be satisfied with normal profits. It
insisted that legislative robbery be
perpetrated upon the citizens of the
country which gave it corporate life
The government of the people, appoint
ed to protect their rights, became part
ner in the scheme of loot.
Upon its capital stock the Calumet
d Hecla paid dividends as follows: