The Calhoun chronicle. [volume] (Grantsville, W. Va.) 1883-1984, 1914-06-18

dIlShliOIl mas DeeH CdllSu TO the
fact that the same thing, except
to a greater degree, occurred in
1907 under a Republican tariff
and Republican administration.
For instance: it is shown now
that United States Steel common
is selling at 80 in May, 1914.
We now have the latest quota
tons before us and the answer
is that the statement is untrue.
United States Steel common is
selling around 90, but on Oct
ober %, 1907, this stock sold at
"a 3.8. Another stock quoted is
United States Steel preferred,
now selling at 108. In 1907 un-
der a Republican tariff it sold
at 85 7-8. American copper is
quoted at I'll. In 1907 it sold
for AZ 5 8. American Beet Sugar
is now quoted at 120. In 1907 it
sold at 10. American Telephone
is now quoted at 122. In 1907 it
sold at 70. Ches. & Ohio is now
quoted over so. In 1907 it sold
at 80. BALTIC. & Ohio is now
quoted at 90. In 1907 it sold at
at 85 ga. Norfolk & Western
is now q'Ioted at 104. 1t sold in
1907 at 81 So. Brooklyn Rapid
transit is now selling at SO. In
1907 it sold at Al 81. Canadian
Pacific is now selling around 1876.
In 1907 it sold at 100 IL, and so
on. If our Republican friends
VIII make a calculation of the
whole stock list and compare
prices now under a Democratic
tariff with prices in 1907 under a
Republican tariff and Republican
administration, they will find the
difference running into hundreds
of thousands of dollars, les mil
lions in favor of the present tar
if, demonstration that the Re-
publican propaganda is neither
fair nor honest. They told us
before the present law was pass
ed that low er tariff would ruin
the wool industry but the price
of wool is now five cents higher
than it was before the present
law was passed. The told us it
would ruin the farmers who raise
wheat Lo and behold we find
that IN TIA cment is simply I'M
true. Ihcy to i US it would ruin
the farmers who raise cattle.
The facts are that cattle are now
higher and the farmers are get
ting better prices for their cattle
than they did before the present
bill was passed, and so on through
the list; showing that the Repub-
lican predictions did not come
true. There is a slight depres-
sion in business, all due to the
fact that the railroads are not
buying steel and iron as they
should. Ii the railroads would
now order locomotives, cars,
steel rails, ties and other things
which they need to accommodate
the public, the few saw mills
now out of operation would at
once resume. But the reason
why the railroads do not buy is
because they are not able to buy.
That is not the fault of the tariff
nor Of the people. The people
are not to blame that the rail-
roads should squander the stock
holders money. Most of the
people are in favor of raising the
freight rates of the railroads,
and it is believed that this will be
done soon so that an honestly
managed railroad can start out
and buy the materials necessary
to give the public good service.
We had shortage of cars under
Republican administration. de-
preston in business which the
Republicans are rolling under
their tongues with so much de
light, but we did not have some
thing then which we have now.
and that is a banking system un-
der which there cannot be a
money panic. Every one can 20
to sleep now in perfect security
that the Democratic party has so
fixed the currency Of the country
that banks cannot squeeze the
people. and the Government
stands Uuqrd over tho ,,ocr1,,,e