The Caucasian. (Clinton, N.C.) 188?-1913, 1910-06-30

icy A5sA MAM &&A@e4s M1&A M& @A@Sa
began TO mend our fortune. a. H.
shown by the auditors report for
1898. On page Il. whIeh says.
Is increase In the taxable value
OF real and personal property for
1898 over 1897 makes. a net increase
in the value OF such property from
1892 10 1895 of s10.2o3.s71.
This shows an Increase. In round
numbers. OF s2.3s3 900 the frst year
after the return 10 Republican pol
icies. which increase has continued
and grown better year by year until
to-day she Il worth In taxable prop
erty probably over 5000. 900. 900. or
she was I'm 1897. for our taxable
value Ii given In the auditors re-
port for 1908 as s573.4s5.3s1. or
just two and and half times as
much as IL was when the Wilson
German Democratic measure was re-
pealed.
These are the figures We find in
the auditors report, but the tribute
TO the wisdom OF Republican legisla-
ton is equally as eloquent in the
other departments OF the State.
! Quoting from the report OF the Sec
rotary OF State. on page II, find
that there were only twenty-one cor
porations chartered by the Secretary
of State in 1898, and not over Isl
in any year during Mr.. Cleveland
; administration; but just as soon as
= Democracy went out of power the
/ people began to do business, 207 cor
; porations being chartered in 1899,
306 in 1900, 327 in 1901, 1875 in
[ 1902, 554 in 1903, $40 in 1904, 697
i in 1905, 821 in 1906, $40 in 1907,
, 1853 in 1908. and 1,051 in 1909. The
5 falling off in 1908 was probably due
to the attack on capital, especially
on the railroads, by our State Of
ficials about that time under laws
passed by the Democratic Legisla-
ture of 1907, as will appear from the
following letter:
Baltimore, Md, June &c, 1905.
/ "Mr. Ambrose A. Featherstone, Jr.
4 Asheville, n. G.
: Dear Strive have your favor
e of the 25th instant, for which We
: thank you very much, but we will no
; be interested in Canton, N. c., pei
: cent improvement bonds. The fac
of the matter is, that the attacks or
corporations and money interests b,
i your State has stopped any invest
D. ment demand for securities in you
: State. Until there is radica
e change, we do not see any hopes o
; doing business in North Carolina Sc
curities.
j. 1--WE have been large handlers o
: North Carolina securieties and re
greet that the present state Of affair
l have been brought about by you
Governor and Legislature.
8 every truly yours,
TOWNSEND SCOTT & SON."
J. These corporations were formed t.
= do business; they had to employ la
IS Dor; that labor had to be fed, cloth
= ed, and housed; this food had to b
!. raised; this made demand for farm
labor, and raised the price of bot
q land and labor; these homes had t.
4 be built; this made a demand 70
= workmen and material; these work
= men had to be fed; this gave an ad
ditional need for food and clothes
\ and so one industry created deman'
J. for another until we find the result
to the State is that it's taxable valu
q has increased more than two and
K half times in the past twelve year
h what it was when the Democrat
n passed out of power, and our labo
J. is better paid and more universall
# employed at this time than ever be
). fore.
e That I may not seem to exagger
e ate, will quote from page 262 of tn
1t Report of the Commissioner of La
II Dor and Printing of North CAROLYN
Is for 1900, which shows that in 1879
Is there were 176 miscellaneous fac
<, tories in the State, employing 4,61
% laborers, and the highest paid ma
II got $1.46 per day, and the loves
II 70 cents per day, while in 1908 Their
p we're 555 miscellaneous factories, en-
4" ploying 3O,053 1aborers, and tn
E. highest paid was $2.40 per day; tn
D. lowest, 90 cents. Behold the cor
Of trast. Thirty thousand laborers en-
le ployed in 1908 against 4,600 in 1895
in many getting $40 per day in 100
h against $1.45 in 1899. Is it an
h wonder they are leaving the farm
es for the factories, and is it any wor
y dor that the nrice of food product
is has advanced when the price of IL
k Dor has nearly doubled? But tn
n capital invested shows the same in
ee portant increase, as it has grow
from 1921, 100 in 1900 to $42, 410
o. 420 in 19O8-invested in these mi!
" cellaneous factories.
~ The cotton-mill industry is mos
j. remarkable; in fact, its advance
e, even greater than in the miscellaI