The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1915-10-26
What a Free
Trade Tariff
Has Done
Hopeless Bankruptcy Of an Industry
That Was Prosperous Under
Protection

| An action Instituted recently in
the Spencer County Court reveals, in
an unmistakable manner, what the
present Democratic Tariff law has
done and is doing to American bust
ness interests. This court action
tells of the ruin of another business
that was prosperous in the days be-
fore a Democratic Congress demon
allied the commercial interests OF
the country by tinkering with the
Tariff But let the court petition of
stockholders of the Anderson Valley
Lumber and Spoke Company, located
at st. Meinrad, Indiana, Just few
miles southeast of Huntingburg, tell
the story:
That the defendant company has
been engaged in the manufacture of
lumber and spokes and has had an
extensive business, and has manufac-
tured and sold at wholesale large
amounts of all kinds Of lumber and
spokes. That during said period the
said defendant company has acquir-
ed and now holds timber leases on
divers and various tracts Of real
estate; that said corporation now has
assets, timber leases, buildings, ma
chinery, tools, teams, wagons and APP
pliances OF all kinds and character
for the manufacture of lumber and
spokes, including large quantities of
raw material in the shape of stand
ing timber and unsawed logs.
The said period above named re-
fers to the past years while the Re-
publican party was in power and
while that party Protected the st.
Meinrad industry, in common with
all other American industries to the
extent that the stockholders in this
corporation were happy and prosper
Gus in the possession Of an active
and growing business and in the &C.
emulation OF large and valuable
holdings. But see what three years
of Democracy has done for them.
The complaint goes on:
That said defendant corporation Is
insolvent and has not now moneys,
means, property and assets. with and
out Of which to pay its existing in
debetdness.. That 1t is indebted to
numerous and divers persons, In the
whole sum of $4,000 That said de-
PENDANT corporation has now on hand
large amount OF manufactured lum-
Der and unsawed logs that have re-
} Gently deprecated in value by reas'
on of general market conditions.
, That said manufactured lumber, II
sold ut present prevailing market
price. would not bring money to pay
the cost of the material and work
manship used In its manufacture
That by reason OF said depreciation
in market prices 1t would not be &c
the best interest of said corporation
and its creditors and stockholders Il
I; further continue the business OF th'
d. manufacture OF raw material now OF
!. hand into lumber and the continu
i ance Of the business of selling a
wholesale the manufactured product
They close this pen picture
t, Democratic incompetency by askinl
the court to appoint a receiver Il
:, wind up the business OF the con
a Germ.
IS There could be no truer compar
TX ison between the constructive powe
s Of a Republican Tariff and the de
/ structive power of Democratic Free
l. Trade. The proof of the pudding Il
in the eating thereof. Under a Re
D. publican Protective Tariff the!
Of had accumulated large holdings ant
at were doing an extensive and payini
N business. But in three years o
Democratic Free Trade they cam
into court alleging that the manufac
tured product would not sell TO
sufficient money to pay for the cos
~ of the material and workmanship
,,,o,ufacfura -Huntinp