New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-11
HURRAH FOR INVESTIGATIONS

Editorial from, the Boston News Bureau.
SATURDAY, MAY 6, l9llD
Hurrah for Congress, Hurrah for Con-
greseional investigation Hurrah for Con-
gressional investigation OF the American
Wooden Company,--but please. Mr.. con-
gress, don't stop there.
Please investigate the ready-made cloth
ing manufacturer and my tailor and his
landlord. and the cutters union; and
please investigate tho middleman who han
dies the American Wooden Company's goods;
and please alao investigate the sheep which
furnish tho wool; and investigate also
II Won nlease, that land owner in Montana
who won't let the sheep Craze free over
wide areas OF uncultyated land As they
do in Australia.
II Congress will only 60 deep enough ana
uncover the whole truth from the sheep
back 10 my back and your back, Mr..
Reader. wen know a lot.
The real party to he most enlightened IN
all this Investigation is tho common stock
holder OF the American Wooden COMPANY
who has lust cut off one-thrd NJ himself
by voting 10 retire 100000 common, the
amount that was given as bonus with
the first 10000 600 preferred when that was
sold for cash at par. This common stock
| holder has been without dividends and
now. as he looks at his sHo.ooo,oHO reduced
common capital selling for only foSH'""'
he can reflect that he has been for ten
years without a dividend and has only one
definite promise now. and that is that ne
won't have any dividend even this year.
! lie is tho poor devil who is wondering
where he is at. for the whole ~ his sell
! ing value Is only about 10 per cent OF the
annual outturn in good times Of the Amer
! lean Wooden Company. in other Woros
the American Wooden Company. running
1 full could do over s0nr.o0 or gross bust
ness per annum. and the stock market
won't appreciate him At the present time
4 In his whole totality at above s6.60o,ooo lie
/ Is wondering where he can snatch nickel
ont OF the business. lie thinks he Is en-
titled TO a nickel out of ST. or 10 per cent
profit ON the gross overturn.
The farmer raises wool clip of value
/ 100000, and ninety million people arc
bowling for cheaper clothing. The farmer
saws he will quit ~ he does not have the
present II cents protection. and that he
ought to have Is cents per pound protection
ward Of cloth and three and half yards Il
make 2 suit OF clothes and no woolei
manufacturer i'm the United States can get
a profit of % cents a suit out of any suit
/ OF clothes.
Therefore viii Congress please invest
gate and SOC who gets the dollar? The
American Wooden Company common st.cf
holder will be satisfied with nickel now
and then.
\ western college professor has beer
studying Schedule f. and the great truth
has dawned upon him He has written A
New England manufacturer and sent him
samples OF his tailor's goods. with the
prices when lie says his tailor has 10 pay
FOR them per yard. and tho college professor
wants to know at what price per yard the
/ New England manufacturer can furnish
! these goods. lie got his answer this week,
/ aud II was as follows for the twelve diff
/ forent samples he submitted The first col
umn shows the price the tailor told tie
| professor he had 10 pay tho merchant A
yard, the second column shows what the
| New England manufactures is willing 10
contract 10 manufacture and deliver the
goods at: