Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-10-24

Tine ttmocfdtN 'hlk OF tne fluuus
committed upon the stockholders OF
the New Haven and Frisco companies
lana boast Of the laws they have
passed 10 make such mismunageulent
impossible in the future. Let il b.
said without fear OF successful con-
tfadlction. that every forty five da,s
since the Underwood law wen, into Of.
feet American labor alone has los.
more money than all Of the combined
frauds o. railroad companies had
lsmountcd to during the preceding
four years.
No amount Of money ever stolen
from the government. no sums ever
los, through dishonest bank failures.
no rohherles through the manipula
lions OF high finance have ever
brought disaster To the business and
manufacturing conditions OF the
United States. Eut there never has
been such downward change IN tho
not been followed by widespread
ruin.
state without hesitation that
American labor cannot compete with
Foreign labor. unless American labor
shall be pauperized. as is the case
practically with nlne-tcnths Of the la
Dor OF Europe and Asia. THE only
reason we have factories today is be.
cause We have maintained tariff
law. oqualizing conditions Take one
Illustration, the tin industry. Prior
TO 1884 no tin was manufactured In
the United States. An tin was Inn
ported from MALES, and there was a
fevenue duty of one cent a pound
laid upon il. and II cost the American
consumer five dollars and thirty
cents per hundred pounds at whole.
sale rates. The Mckinley tariff bill
increased the duty on tin To two and
one-fifth cents per pound You all
remember the howl OF defision that
went up all over the country ON ac-
count OF the tax on the tin cup OF
the child and on the dinner pain Of the
laborcr. They told us that the tariff
would he added 10 the price already
charged What has been the result
Tin factories have been established
in the United States; nearly forty mil
lion dollars of American capital has
been invested pfofitahly In the tin in
dustry. more than fifteen million dol
lars IN wages are being paid annually
TO American labor. and that labor
is being paid from two to two ana
one-haif times the pay received by
the workers In the Welch tin mines
aud factories. Has the price Of tin
gone up From five dollars and thirty
cents per hundred pounds. the price
of tin speedily fell in the United
States to three dollars aud twenty
five cents. ana ut no time since the
passage of the Mckinley bin has the
price Of tin sold on the American con-
tinent within one dollar and half a.
much as il was sold bythe Wclch tin
trust to the Amerieap consumer be-
fore The lnipultdus tarff was placed
upon 1t. 81
Not only do the American people
buy their tin at cheaper price,
which should be welcome even to our
democratic friends, btt4they are aid
ing in the employmeni Of forty million
dollars of American Capital; they are &,
giving employment to thousands OF
American laborers, aud those labor !
trs are thereby enabled to buy the !
products Of the American farm for
their table, the products of the Amer /
lean coal mines for their fuel, the |
products Of the American factories
for their clothes and household sup /
plies They are taxpayers, assisting IN 7
their precinct. city, coun
", state ana national governments;
hey are educating their children,
hey are making good citizens. they
ire aiding materially ia making this
lie greatest the happiest, the strong
sst country In the world.
Let me take another example. The i
iheep and wool industry. one OF the
most important industries known to
he American people, and one of the
Industries that has suffered most
rom persistent attacks by the dem
'cratie party. According TO the re-
'ort of the agricultural department. I,
II 1893, under the Mckinley law.
here was in the United States forty
even million head Of sheep In round
numbers, valued ut q hundred and
wenty-six million dollars. After the
wilson bill had laid its blight upon
he Industry plasing wool upon the
rec list, January !, 1885,. four years
alter the report by j. Sterling Morton, ,
II. Cleveland's secretary of agrieul-
ure. showed that the number Of /,
heep had decreased TO thirty-six !,
llllion, and their value had de- !,
reased to sixty-seven million dollars, ,
decrease OF more than ten million :
cad of sheep, and O decrease of more
IAN fifty-e million dollars from ,
ne market value Of the American I
erd
BY January, 1903. under tho bene-
Client effect of the Dinglty tariff
Nv. the number of sheep had in
reased from thirty-six million to six
'-six million head. and their value =
ad increased from sixty-seven mil 9
ON dollars to a hundred and sixty II
vo million dollars DO you want u
reater illustration of what sclen- g
lie tariff duty will do towards the g
evelopment Of our important in '
lstries? "
But the effect upon the sheep herds :
the country was not so nearly dis -
'uous as was the effect upon wool y
I'd the textile industries From three f.
lndred and three million pounds OF :.
DOL in 1893 the production fell TO ~
70 hundred and nine million pounds, =
I'd the salabe value per pound de- r
eased nearly one-half. Instead Of i
"a or ..-onIala | Il