The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1911-06-08

I-.|
.u ,hn United States amounted ,u ,I5l
.a.... Of which $50. 700, 900 were +,
30 .o''gu countries At price lower 'Uu1
the American farmer could pughG-,
chem 1t home and there were mp1ru
agricultural, implements t. the ya!u,
only OF Sig 50, upon which ,hyrr nar,
rtH the pNtu. revenue ut e2,--7. Thus
'hy the surrender Ut less than $4,000 q
wear IN revenue, the American hrur'
is enabled to purchase hi, machinery H
the farm IN the .arlr free market ~
( which he j, obliged to sell hi, ,urplu.
. products.
nlrr the system which ha, prcyluIrI
/ the importation OF farming implement,
10 competition with American made I'M
/ plcmcn' the gigantic farm implement
. trusts have been created. one Vt the
/ first IT these was the AlliS-ChAimrr-
/ Company. known as the Machinery
! Trust, and an ally of the Steel Cor
4 porltlpu. It was capitalized ., ,tp,l5o.
/ 900. although the market value Ut IT.
stock Vas only $40, 800. 900, the remain,
/ my being watrrcd stock upon which The
/ farmer, ct the country have been Obliged
7 90 pa, dividend, Of seven per cen, an.
f HUl,ly.
/ ne ucN' u '"eN' concerns L. nF
/ I'hf''' wa the american i"fk N lI'C
/ Company known rs the Farming Tool
| Trust, aud controlling eighty per cent
! OF the trade in It's line Of goods. /,
wI- capitalized at SliS6,o upon
/ stock the market value of which was
/ t3.uop uv1, aud the remainder water.
. Then .dm' the American Seeding NJ.
/ 'h'"r 90" known as inc Stedih& Via.
rhinr must with an issue 81 lW.t'
STOCK 10 me amount ni si5,p"n,"po me
actual I'."e 81 wni'h was only $500.
900, "HIIt me o'hef HIloDLo"" repre-
'e"lel n"'h'hE 'ui water. linen lhrit
"'' lhr E'S'h'l' Ih'ernAtioniI HAi'"'.
Yer company known A. me Harvester
. ''",' WIN Il capitalization 81 $40
.'''",'. '' "ni'I "niN e@"'p'p,' repre-
''h''' ''l"h' IaIu''l"h "hii' 'ho 'u'i
NOUS sum 81 H""'"H'. 600 Wa Nh'tfrI
''". b.
Ih'e" Tour concerns nave rpn''".'r.'
seventy per cent oi the output oi farm
'''I'''''"'7' WIN iot'i 'iptn'Ii.
| Won W NI,5 .'o',nop. IheN nave ""lEv.
'h' 'lI'h'ir Ni ilI' country ~ l'N1T.
'"E 'H''i ''h implements ana ult'h'n
cry I'D pay seven per cent annual d'N
"rul' upon an aggregate OF @i5ol7n"o"
OF "tlri.N stock representing 90 value
whatsoever. NhlIr me actuaI ana .rE'N.
m'lr iWlhc' value Of their stock WITS
hu' 100 excess ol Hln,p1",ooo.
I'D" '"m'Fhi ut the d"iE winch has
created these mpnnp"lic- AMI trust,
"i. ~ least enable the American
a d % o.. o
ill'n'r o. rhtapiN As the trusts otter
IKE implements lH me iafinci- "I Rus.
>lh. canada ana the Argentine" "h"
produce the articles winch sell 100 'u"n
competition with his ~ the markets "
the world. Last year these trusts sold
H'', 10000" OF farm implements ana
machinery abroad at price, lower than
they we're sold III Tn, country.
Leather products are placed IN the
Tree Iist, The census ni zoos shows
th'' H'2S.noo, 900 worth" of leather goods
we're made IN this country and the
amount mas materially increased since
mat Time, The impottauonH, however.
were only Hl5I""p upon "h:ch revenue
70 the amount ct Sii',pv' was pad, yet
al the same Time $4,000, 90" 81 leather
goods were sofa abroad. Here Is an IN.
''"Sliy WIN an output oi more lhih hiIl
Dillon dollars annually, 80 highly
projected thtt the revenue IRON IKE
Eooa' imported amounted only to Hii',-
o'' III year. When the duty on hides
was feWuFed ana the dutN Oh BOOTS ana
Hho'H 'cuUO el rom > L" - per cent II
wi' 50 hlghIN protected that the rev
chue nom imPortatlonS only increased
$4,000 lhNl year "hile me expectation
OF poets ana SHOES increased more than
$40, 'oo'"n'
The year before the PAYNE law wen,
INTO euc't the production OF boots aud
shoes III TINS country Wa $4,000 600
ana the revenue derived nom lmporta-
lions only al2go'p, hud that chiefly
from CRAZE 81 shoes cnlericting INTO
competitions WIN American shoes. n
her inns condition OF aiiaifa, despite the
now "i protest from me shoe manu-
ihcluftrs' the Tree liNi biII removes the
entire nu'y from boots ana shoes
In 1905 the cotton planters OF the
south paia nearly .M',"75ooo tor hoop
ana DimuinE 'ltN' an except F7Ib to
trust dIleu with Ihe hltti states steel
Corporation. bh the $1,000 "urth OF
tieS imported the government derived
the Pittantr oil revenue amounting to
$500. let at the same time the trust
exporter si27'ooo worm OF cotton ties,
me removal OF the duties on cotton ties
ana oaGgihE alone means upwards oi a
h'IIloh "o'lafS year 10 the cotton
planters OF the south at 4 loss oi only
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