The Taney County republican. (Forsyth, Mo.) 1895-1992, 1916-06-15

liy. But Secretary Of the Treasury
McAdoo spoiled that argument BY
showing that the Federal Reserve sys'
TEN did not get into operation until
alter the upward turn in our industrial
affairs. Now CONES Paul NJ. W{rburg,
oil the Federal Reserve Board, with
the declaration that the turn came early
in 1914, and that the advent Of the
war precipitated this development with
unprecedented rapidity and 10 an un'
precedented degree" The statistics
oil the DEPARTMENT Of Commerce show
that the upward turn did not come
until September, 1914, one month ai'
ter tn. outbreak oI the war. Therefore
by the process OF elimination, we al
rive at the conclusion that recovery
from the hard times brought on by
Democratic tariff legislation did not
begin until after the war broke out,
that it was the war that brought devel-
opment with unprecedented rapidly
and to an unprecedented degree, and
that the Federal Reserve Law had
nothing to do with it. The Republi-
cans are certainly grateful to the ad'
minis,ra,ion campaigners for letting a
little Of the real truth leak out.
Consul General R, P. Skinner Of
London reports that the total value Of
declared exports from London 10 the
United States during the first four
months Of 1916 was $58,822,349, as
against $45, ,6O8,93i for the first four
months Of 1915. Wonder what they
would have d d)ne to US had they been
ut peace and with free trade Demo
cratic tariff law on our hands1
II costs abou, 10 cents a pound to
produce copper. The normal price is
about y cents 30 that there is ordiLar-
ilv, a pr fl Of about 2 cents per pound.
Ol course the COS, varies and changes
the margin OF rrof but this is a gen
rral average. Llw copper brings ron
| 81 TO 80 cents per pound. Probably
the cost Of pTodnc' ion hIS advanced
| 20 per cent. 81 that the average cost
now is ab,u, II cen's, leaving a prch
# about IA cents pr pound, VIII
profits TOO per- cent greater than beIory
the war, no wondtr that there is grea
activity in he copper industry anr
grta' prosperity in communities p'o'
drcing this esS nilll OF modern W,
I4re.
There is er a, doubt whetl e
American manufacturers will re PEI
mirted to import from Germany
dyes,ufs so necess ~ to lht con
,inued operation u their factories 10 al
branches. Yet the Democratic Cor
gress refused to enact the proteciiv
Legislation that must be had befor
American investors will establish dy
, plants. We continue, dependent up
on some other country because Presi
. dent Wilson and his party believe tha
the protection idea is an economi
error" In the opinion Of the schoo
master, it is economic error for US
have dye plants Of our own whe
we can buy cheaper Somewhere else
But, fortunately the opinion Of tn
American business man is TO prevail /
! the 1916 election, and we shall have
+ real America First" policy adopted
S after which we shall have dyes mad
T in America" by American labor, finar
Z ced by American capital.
= Having overthrow the Civil Servic
law at every opportunity, and havin
filed the offices with as many Demo
= Gratis as possible, it is to be expecte
that the Wilson administration will SOC
reverse its attitude and become IN az
vocste oil the principle Of Civil Servic
Reform. An order may be expecte
: almost any time throwing protectin
y cloak around all those "deservir
Democrats" who have been placed {
the government pay roll.
e The Springfield Business COLES
h 10 A,rt nf %