The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1910-10-25
FARM PRICES AND TRUST PRICES

III SAAo Ai-Cll
ticket because the price OF cotton this
year under Taft is bringing more
money thar under Cleveland. The
records show that cotton reached q
lower point under Mckinley than un-
der Cleveland. The answer the farm
ers can mako to the absurd claim OF
Republicans that the Taft admlnlsrfa-
ton has anything to do with the price
Of cotton is this: If the Republican
party can put up the price Of cotton,
why didn't theyeput it up to fifteen
cents when Mckinley was elected ana
keep it there all these years? II your
party can put up the price and keep
it up to fifteen cents, you have robbed
US nearly every year since Mckinney
was elected Dy letting 1t go below that
figure That answer would silence
men who are Influenced by
but Republican orators insult North
Carolina farmers by continuing to re-
peat the absurd claim that Tafts adj
m~inistration has given the farmer i'll
teen cents for his cotton.
In the West the farmers prices, paid
to him Cor what ne has to sell, have
been falling. and falling fast, since the
Pavne-Aldrich tariff became effective,
While the price OF the trust products,
| which the farmers, like al; the rest OF,
us have To buy, awe been creeping
steadily higher. Why IS this? That IS
the question Western farmers are ask
and that is one reaso why the inSur-
gents are in control of the Republican
70 r y II. &Io NTDSf MY EsT-l n TX x
Monet, OF Ohio, who, as the Repub-
lican Acknowledgement Of Ohio, won
fame as the first great and able prose
cutUr Of the Standard oil tru@t,-(and
was kicked out of office by the Re-
publicans for 50 doing)-has answer
ed that question in a communication
to the farmers OF Ohio. lie writes:
when the Payne-Aldrich tariff bill
went Into effect. the farmers of Frank
lin county were receiving from so to
90 cents for corn. The September op-
ton has just closed at As IL cents per
bushel, o differences OF &c per cent OF
the .aluc 10 the farmer III less than
two years, and only 35 cents per bush
el offered for the new crop.
Last year September wheat sold at
Chicago at the close Of the market st
S1.20. This year it sold at % /
u "a L III = va -" - l"E Civ
or one-foirth OF tic farmers cO
Last year September oats closed at
As cents per bushel, in the Chicago
market, and this year at 81 IL cents.
a difference of % per cent, or more
than onc-half OF my income from
oats.
"Woolen blankets from tile same
wool have increased p per cent; wire
nails made by the United States steel
trust, and wire fence are 40 per cent
higher han before the trust fixed the
arbitrary prices.
"F'arm machinery, mowers reapers
and the repairs, wagons engines and
anu s~preaders are selling from SO
to $50 per cont more than they cost,
; under the manipulation Of the Inter
national Harvester Company.
Now under the tariff bill, the farm
ers of Franklin county get no protec-
ton upon their hay, their oats. their
wheat, IT their corn, because they ex-
port oven "A per cent of these pro-
ducts.
'Thcrcfore the tariff in no way
protects any Of the farmers products,
except wool. and with q tariff of IL
cents per pound, wool forthwith
shrank s Is cents per pound in Ohio.
THE latest report OF the American
Wooden Company, according to their
, report Of August, 1910. shows they in
II IL 6tStN littli hl1oii1E wv
; to $4S.000,0 oo. q net increase OF profits
! fren ~St.2s7,705 10 S5.19S, 059, or
!, more than 400 per cent.
after paying all their dividends
on the vatcred stock and fictitious
: bonds they increased their surplus
: 50, 100000, and their current assets
= s~S.0oo,o00. The net profits of the
!, American WOODEN Company are as
above stated, and it is the sole buye.
! of the wool in this State and county
having increased its profits under tho
Payne-.Aidri,h tariff blu 40 per cent
4 and the farmers. in the meantime, LOST
r or deprecated their profits p pei
4 cent.
h These figures can be verified from
Mcody'S Manual or by inspecting Otis
q thoughts records. at Columbus, O..
or any other reliable financial house
i'll the CITY"