Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1912-04-11

1ul cOlQlClOQS IN Inc WOOl6n IN
dustry as brought out by the
Rules Committee investigation;
the petty manipulation of public
moneys in the State Department,
as shown by the inquiries OF the
Hamlin Committee, and the
various other revelations by the
Democrats of the House, all re.
vealing that wherever the light
was thrown, maladministration,
ineficiency and actual graft lay
exposed, all have served to con-
vince the people that the Demo-
Gratis not only have proven worthy
of the trust placed in them year
ago, but that they are worthy of
those 'graver responsibilities"
which Speaker Champ Clark said
the party would prove itself cap
able of carrying.
The battle of next November is
going to center around the tariff,
which is the mother of all the evils
that have grown up under the
present system, despite the efforts
of the protectionists to side track
that question and bring less i'm
portant issues to the front.
NO EXCUSE THIS TIME.
The Democratic wool bill of last
year proposed reduction of so
per cent. in the tariff rates on
wool, and it passed the House by
a vote of 22t-to 100. The same
bill has again passed the House,
this time by a vote of 1S9 to 90.
When he vetoed the bill last
year President Taft gave his rea-
son the fact that the tariff board
had not made it's report. Now, in
the light of the tariff boards re-
port, the Republicans of the House
propse wool bill calling for re-
duction of 40 per cent. in Schedule
"K,' or just two per cent. less
than the bill which the president
vetoed.
The tariff board, therefore, vim
dicates the Democratic position on
wool, If such. vindication were
necessary. The Democrats knew
long before the tariff board
was created, that the wool rates
we're too high, and the president
knew it also, for in his speech at
Winona, Mimi, he characte rized
the Payne -Aldrich wool tariff rate
as indefensible.
AS things now stand, neither the
president nor the high pro tection-
lists will have any excuse for op-
posing the present bill, and if
any of them do stand in the way
Of it's final passage, they will con-
vict themselves of trying to grant
special privilege, namely, the
privilege of robbing the consumer,
to the trust milIionaires.
THE BUSTED" OIL TRUST.
The Standard Oil Company,
which the Supreme Court of the
United States solemnly "dis-
solved" some few weeks ago, has
declared a dividend of 1900 per
cent. This action was taken by
the Standard Oil Company OF
Indiana, and was made for the
purpose of concealing the enor-
nous profits of the company. II
vas what is called stock divi d
end; that is, for every share Of
stock owned by stock holder, h c
was given 20 additional shares
To do this it was necessary to in
crease the capital stock of the con
Germ from one million to thirty
million dollars. No new capita
was added, however. The in
crease was declared out of the
surplus.
! Since the "dissolution" of the
trust, several melons of this sor
have been cut. The Vacuum Oh
Company, another subsidiary, re-
Gently increased its capital stool
from 1880, 900 to S15,OOO,OOO, ant
it is reported the Standard 0
Kentucky will declare a stool
dividend of $500 per cent.
Naturally" says the Wal
Street Journal, the official mouth
piece of Big Business, "the olt
Standard Oil stock holders ar
elated over the Supreme Court
decree.
Yes. quite naturally!
"ALLowING" THEM TO VOTE.
Il President Taft, in recent let
ter to Chairman Koenig, Of tn
Maryland State Republican Com
mittee, used this language:
81 hope you will see to it tina
all voters are allowed to cast thei
ballots at the coming primaries. !"
Apparently, it does not occur t
the president that as free borl