Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-10-05

/ acquainted with us results in credit.
taking the place of gold. Character
| once established and a handful of gold
, stimulates business beyond compare
No doubt credits do somewhat increase
prices.
IN THE BRITISH
| EMPIRE IN AMERICA.
In the Contem- In America a
August 1872 Charles would get about
r. Buxton shows $.75 per day, OF
THAT the average $3.50 per week
Ipay for agricultural which is three and
IlaboreFs III North one-haH times as
lamptonskire Is n d much as in Eng
lOXfopdshire is Us, lish countries NELL
or about 50 a week; toned
Tout Of which the
man must pay his
| own living expenses
| for himself and
family, if any. But
| the average for the
whole of England
| is given as LIS, or
about S4.25 per
week.
In the United
In the Nineteenth States the value is
Century Magazine about $500, OO0, coo, or
| for August, 1912, about $3.50 per per-
Mr.. ]. Ellis Barker son, showing that
shows that each person ! n
value of cotton the United states
0 Cd consumed consumes b Il
yearly in England three times as
| is about s100.0000o0, much cotton goods
or about SIS per as person in Eng
person. land.
The average rate The average rate
of pay to railroad of pay to railroad
employees in Eng employees in Amer
land is about Sl0o lea is about SIS
per day. per day.
England is free Last years United
trade only in name, States customs col
not in practice. lectons were about
Last year the Eng $310.000000, equal
lsh customs coli to about S3.37 per
lections We're about capita, or 80 cents
S167, 100000. equal to per capita less than
about 1915 per in England.
capita.
And the customs In the United
duties are not all of States last year the
the taxes which the internal rev e n II e
English people must collections amount
pay Last year the ed to about 1892
internal ev nu 0O0,oo0, or about 50. Is
collected in Eng per capita, which
land amounted to is s1l9 per capita
about $20l, 000, 900, or less than in Eng
about si.S7 per cap land.
ita
/, Great Britain To maintain the
feels Obliged to American standard
have low wages in of living and edu
order 10 enable its cation, We favor
manufacturers to h & h er wages,
work cheaply for which in turn give
export to other our home markets
countries, its tremendous buy
ing power, consum-
ing the product of
our mills and re-
tanning the. money
in this country.
Breat Britain is The United States
ton, importing for country. and Should
eign raw material manufacture more
and exporting man. largely its raw pro-
ufactured cd s. ducts into finished
For this industry articles This would
they require low bring in $500 for
wages. manufactured goods
where We now get
500 for raw ma
terialS exported
The following editorial from the
Portland Argus shows the unfair and
wholly misleading statistics" being
circulated by the Democratic free
traders. In the light of the above the
reader can see how even highly sat
isfactory fact can be made to appear
dead-fall:
Figures calculated from official sta
tistics of the British board of trade in
and from the list bulletin of the United
States bureau of labor show that In ten
years from 1896 to 1906 British prices In
creased but IT per cent. while American
prices Increased 34S per cent. A chief
reason for this abnormal increase In
American prices compared with the adj
vance in Great Britain, is our high pro-
tective tariff. To reduce the high cost
of living in this country, the first es-
sential is to reduce the high tariff.
President Taft is in favor of reduction
in theory. but in practice he stands pat
So does the Republican party"