The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1914-01-13
An Evening Echo.
edreaf nnslnness nepression

4 While the Democratic press Is
claiming there is no business depres-
sion and trying to make the public
believe nobody is out of work, the
real truth can no longer be over
looked as the actual conditions are
-forcibly making 1t plain that there Is
much business depression and that
million men or more are idle w IN
many smokestac,ts out. 1T is equally
faflacious for that press to continue
Its assertions that there is an aglta-
tion of calamity bowling with de-
sire to d lecredit the administration
The course of the Republican press
has sbeen to refrain from the public
= aty off the steady. trend the last lew
months toward national panic and
s.tthaBy press has carefully and con-
gistentIy kept from even trying TO
, create business depression. 1t has held
on rtoathe hope that dire effects would
not come from the present admins
trat.ve policies and it has aimed
to be helpful rather than harmful
for the national welfare rather, than
to avail itself OF the opportunity to
make political capitals out OF what
!, becomes more apparent daily. as e
failure on the part of the Dem ocrat1c
administration to make good in the
meter of promoting prosperity and
steady work for the men Of the ma
ton.
"A review of the situation Gby an
unbiased trade paper shows the ex-
istence OF not only great business de-
preston but also million men or
moro idle at present, a condition
which the, country already feels as
disastrous and unless something is
done to check the trend of the day
conditions will gc3from bad to worse
AMI it is fearful to think what the
future has in store.
The Daily Iron Trade. of Cleve-
land. O., prints under date of jan
nary 9 (last Friday, an exhaustive
article on the situation in, the iron
and steel and allied Industries, from
which the following extracts are
taken:
'The astounding depth to which
the business depression of the United
States, and especial the iron and
steel business has sunk in the last
SIX. smonths, makes one Of the. stu-
nifty 8e&4.8 15eEe Is agra ph3es 81 81
nefs4b oihtah 5oubthe eStentit town iii
the very basis of the iron and steel
production. OF the seQpntTy,s namely
its blast ffrnsrs cap city has ueen
curtailedssand sol Sot nttes to affge
ION March first 500 blast furnaces
.tyt1fEG Ii GfSStFO
numbers ID fseveraE 5Saars.st Bhehs hast
furnaces, began shutting down Until,
on January 1. 1914, a totats ofAs1I %
r6fthesei stacks ,7actually Cooperating
last March had closed down def
nttely, 49, s1s
sSSThieae 1873 blast furnaces thus.
thrown into idleness have a combined
annual capacity for producing 12,-
95S,0OO tons of pig iron. This tre-
mendous tonnage IS equal to thirty
eight per cent OF a years total out
put of the country at the high rate
of production attained in February
just before the curtailment actually
began. It is also equal to the total
coke. anthracite and charcoal pig
iron production OF the United States
in 1898.
There are is, 95S. 900 tons Of pig
iron thus sunmarily wiped out,r
valued at an average of $14 ton, !
means a loss in one year OF $751;
412. 900. Since over eighty per GENT
OF, the cost Of a ton OF pig iron is
paid out In wages to labor in Dig
zlpg iron ore, and transporting it by
rail- and ship, mining coal and max
ing y into and transporting coke,
gquarrying limestone and carrying y
eto~furnace. beside operating the fur
mace ttaeff. This means the w'ping