Weekly journal-miner. [volume] (Prescott, Ariz.) 1908-1929, 1914-06-24
TARIFF PARALYZES INDUSTRIES.


American prosperity Underwood freetrade tariff the Pitts
bugh Pa GazetteTmes recently printed list of industrial
shares and equal number of railroad shares giving their
spective market October, 1872 and May 1914 The
startling In the industrial shares mentioned there
depreciation in value amounting $29339672 while il
the railroad shares the depreciation $5S34332 Hhee is
depreciation of S30 twenty shares of companies
engaged industrial production in transportation that has
place the presidential election of 1912 gave notice the
country that the ongappoved policy protection to be dis
placed years by long credted policy OF feerade
OF the twenty of shares which show lost value
of than half billion dollars represent only small portion
of the industrial and transportation properties of the whole country
The GazetteTimes estimates fully billions the grand total
of depreciation resulting from eerade This estimate certainly
high There has been corresponding hrnkage the
market of the bond issues OF the several thousand corporations
doing this country United States Government bonds
and English consus have sold record low prices These
shrnkages add heavily the estimate of two billion of lost
value.
many shrinkages that cannot be
so accurately enumerated For example
been impaired In the city of New York
the selling borrowing values of real
believed have been fully billion dollars the
years Farm land values have fallen throughout the
United States probably billion dollars consequence OF
free-rade in farm products
Add all this wages by million idle
amounting than million dollars day and the grand
total of depleted values in year and half of prospective and
actual reerade reaches stupendous proportions The political
party responsible for this dreadful result should be from
the face of the earth and will be when the OF 10000
900 angry disguised counted in November,
1914 and again November, 1916 The day of reckoning will
surely come. q. - 80
When the hosiery knit goods manufacturers told Con
gress that reduction in the tariff their product would
osy their business and benefit but the foreigners
the Democratic Congressman derided them The tariff
be reduced all hazards and the manufacturers submit
They have had submit but Judge from the remarks OF
those attending the convention of the National Association of
Hosiery and Underwear Manufacturers they do
to submit tame The presden to the association expressed the
general sentiment when he said that they should organize and
work to elect Protection Congress that will keep ruin from
their mills s. - II
The manufacturers generaizing They
submit facts support of their intention that their business
has been injured One who has his factory
half time during one OF Ceveands second admins
raon, asserts that he confronted by similar slump
in business The of another mill sold his machinery
and closed rather than attempt do business under the exist
ing tariff Other manufacturers that hosiery buyers,
accustomed make heavy purchases May and June,
Germany seeking make there the purchases they usually make
here They have already been buying abroad in large quantities.
for the hosiery imports in March 72S per greater
than in the month last year And the rush of foreign
goods has really begun The German manufacturers
have been catering to American trade waiting
whether the existing tariff likely continue long enough
to make worth their while buy the necessary machinery
for American styles the reduced tariff should
American hosiery business will practically destroyed
there must deep in wages
Yet the price of hosiery less than year 90
Every extra pair imported has displaced pair knit by
wormen in American mills The money for them has been
paid to foreign labor and the profit has gone the pockets
o foreign manufacturers The American workmen have
discharged working part time and the manufacturers
are facing the future with deep misgivings.
The president is hesitating about going the stump
HALL The Irish society of Pennsylvania has asked Mr. Bryan
stay off the stump in that State
The Pnchots should begrudge George W. Perkins any
glory he gets out of being bull leader long he pays
flor
The Missouri Master Bakers association insists that the
bread mother used eat Probably
its charms that @
There few Spanish jngoes thought gain popu-
ary by abusing Theodore Roosevelt while he i'll that
try. They didn't because they will not be register
ed at tile primaries