The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-02-16
HE SEES CHANCE
FOR DEMOCRACY
JOHN D. cuDDlHY OF CALUMET,
INTERVIEWED AT DULUTH,
TALKS POLITICS AND
BUSINESS.

"The copper country. i'm common
with other sections OF the nation, 4
| experiencing a period of partial bust
ness depression. but il is only pass
ing phase, and conditions have beer
better since the congressional election
than they had been for some time pre-
vious," said John D. Cuddihy. president
of the First National Bank of Calumet
to the Duluth Herald, while i'm Duluth
this week
THE November elections brought
out an exceptional lot of good Demo-
cratic presidential timber" he contin-
ued. without assuming to be a
prophet, l might say expect the NOM
ination of Harmon or Wilson, and
there is other good timber, such as
Foss and Dix and others. Conditions
are very favorable for a Democratic
year next year. The party is in a bet
ter position in the eyes of the people
than IL has been since the Civil war.
and | look for party success at the next
presidential election, especially IL the
party behaves itself. and / think il
will Champ Clark has got the right
kind of stun in him. He has the ex-
perience and ability required of
speaker of the house and will undoubt-
edly keep things i'm good shape.
THE best of the results of the No
vember elections was the final dis
posal of Roosevelt, and I am glad to
see that Taft has been real president
in the last few weeks He has gone
a better pace than all the standpatters
and insurgents of his party in
the matter of reciprocity with Canada
and / respect him for it. As a Demo-
crat, / naturally am strongly in favor
of reciprocity"
Reverting to copper country subjects |
Mr. Cuddihy said:
I'VE have been having the same |
trouble i'm Michigan that you had in
legislature passed a tonnage tax bill.
The farmers grange of our state has
been agitating the idea and the bill
which resulted from it's activities is
now before the legislature. The Grange
people argued that Eastern CAPT.
talists were eXhausting the resources
If the state without compensating the
commonwealth. much as the advocates
IF tonnage tax i'm Minnesota argued
When the bill was up in the house
'cently we had some OF our best bust
ness men there to present the other
Of he
practically killed. / do not believe il
has any choice of passage.
This bill would add approximately
100000 to the amount of taxes paid
~ the companies annually DO the state.
LAST year the output was 100000. 900
pounds Of copper, and the tonnage tax
IN that would be $1,1OO.OO0 under the
provisions of the pending bill. II would
esult i'm the closing down of many of ]
he smaller mines as they could S
rot operate at a prot. am sure
here are enough people of common {
ense in Michigan to prevent the en-
ctment of such confiscatory legsla- I
ion.
The merger of the Calumet & Hecla
With a number of smaller copper min
ng corporations seems to be assured.
There is a spirited fight over the
merger plan, but the opposition is not
trong enough to prevent its consum- {
nation. Some of the small stockhold-
RS are protesting, because they con-
ider their stock in the light of specu-
alive holdings rather than for an in
estment point of view Some Osce-
la and a few Ahmeek stockholders /
re the chief opponents of the merger,
iut they are not strong enough or ,
numerous enough to succeed in their
fforts."