The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1910-07-01
Republicans and Democrats
Do Not Agree Over Find
ings of Special Committee
Appointed by Senate.
FIFTEEN REASONS
BY REPUBLICANS
More Money. Bigger De-
mand for Products. High
er Wages, Cold Storage
Plants Are Some EXpla-
nation.

agree at the causes of the increase in the
cost of living between 1900 and 1910.
The majority report of the special
senate committee which has been III.
vestigating these questions was sub
mtted to the senate today by Senator
Lodge, chairman of the committee. A
meeting was held prior to the pre-.
sentation of the report and the minor.
ity members of the committee protest.
ed against the character of the findings.
After long argument the minority
was authorized to employ an expert
tn 20 over the report of the majority
aud prepare the minority views for
submission to the senate. The report
made by Senator Lodge was an ex.
haustiye one, compiled from testimony
given by II witnesses, reports receiv
ed from consuls and from foreign gov.
ernments.
The majority of the committee found
that of the many causes contributing
Ia the advance in prices the following
were most marked:
Increased cost of production Of farm
products by reason of higher land val.
ues and higher wages.
Increased demand for farm products
and food.
shifting of population from food pro
ducing to food consuming occupations
and localities.
Immigration to food consuming 10
calities
Increased fertility of land resulting
in lower average production or increas
I'd expenditures for fertilization.
Increased banking facilities in agri
cultural localities which enabled farm.
ers to hold their crops and market
them to the best advantage.
II was found that this not only
steadied prices but increased them.
Reduced supply convenience to trans
portation facilities of such commodi
ties as timber.
cold storage plants which result in
preventing extreme fluctuations OF
prices of certain commodities with the
season, but by enabling the wholesal
ers to buy and sell at the best possible
advantage. tend TO advance prices.
! Increase cost of distribution.
Industrial combination
Advertising.
Increased money supply.
Over'capitalization.
The foregoing findings were gath
cred by measuring the prices Of 251
commodities included in the price in
dcX number of the bureau of labor
These commodities were grouped and
the advances noted for the different
groups during the period from 1906
to 1909 inclusive. The general whole
sale price leveling the United States
advanced during that period lI.5. Th,
groups show advance as follows.
Farm products, 39.6; food, etc, 1871;
timber and building materials, 1915;
miscellaneous commodities, 1i.7; clothes
aud clothing, 800; tuel aud lighting
90; house furnishing goods, SO; metals
and implements, 80. A decline was
shown for drugs and chemical,
amounting to 30 per cent.
II was shown that the greatest ad
vances have taken place in the pro
duets of the south. The committe,
criticized the use of forests by saying
that there had been a large coRsump
tion without any particular attemp
Ia replace the timber. The repor
stated that in view of the fact tina
the increases have been so much great
er in products coming either directl.
or indirectly from the farms than il
any other Inc excepting products o
the forests the conclusion must b
reached that the most important Of tn
present advance in TO be in a stud
~ faro ennditiana