El Paso herald. (El Paso, Tex.) 1901-1931, 1918-08-26
CONFISCATE PRESENT INDUSTRIES?I
THEN WHO WILL DEVELOP NEW ONES?

II the workers to take possession Of the industries
let say Of the mines Of the souhwest-and exploit
mines when they exhausted? Who would find pros
poets and develop those prospects into paying properties?
The thought comes up in connection with the reports
Lna me numerous agents Of the Industrial workers OF the
Weird are again carrying recruiting campaign in the
mining camps signing up miners into membership through
% the persuasive argument OF short hours nordnatey
high wages and eventual confiscation of the mines
The enrolling agents Of the L ". ". make their argu-
meHt mere convincing BY drawing comparison between the
wages the miners receive and the profits accung to the
operating companies For purposes Of discussion they do
not mind eKaggerang the latter figures the true figures
are not deemed sufficiently aluring.
We are all prone look at the profits mining
forget what It has cost in time money nerve to
make such profits, any profits, possible.
Consider the case Of the Denn-Arizona which is now
beginning take its place among the big producers Of the
southwest. Il ought TO 20 dividend paying basis in
the future and therefore IS property which the " W
and the Socialists weuld like to conscats for the
good7
But how about the earlier history of this p1operty9
More than 100000 sunk into the prospect without
dollar Of return The gum, fact nearly doubled
When considers the interest It and the fact that
invested about ten years without any what
ever IL return The money was wisely invested by
pe1t engineers but the fact remains that years
represented proess expenditure and total loss to the
men Who rsked it.
The history Of the DennArzous precisely that Of the
United Verde and the United Verde Extension except for
difference time. There the big expenditures
IRE same losses By stockholders delays and dsaPpoint
nts before the tide turned and the flood Of money going
out began coming In
Moreover there was no assurance that it would ever
cone in Many prospects swallow fortunes and dis
gorge a cent Would the Socialists and the " WIS
chance the investment Of millions prospect which might
prove faiursprovided they had the millions in the
first place. Would they have the government set aside
few millions for the Investigation Of every prospect
encountersd2
Or would they have private capital take all the risks Of
developing doubtful prospects into paying properties only
have them eonfiscatsd @for good" soon
they began 70 Pay7 Such proposition IS ridiculous
not to require comment But not more ridiculous than
the whole program Of the " " II is plain enough that
would take the trouble to find prospect invest
dollar N i sterwaTd assured It would be taken away
from him when paying basis.
Nest people realize the absurdity Of the " " plan
would require this discussion except for the
neVed activity Of the traitorous organization many Of
whose leaders have Just been convicted charges Of
spacy interfere with and obstruct the program
Of the United States Not worker ought be misled
bv the spsous appeals Of these chsTstans, but Of
them being misled. The L ". W in Arizona and else
Ehe-e Is trying 70 make workers believe that its
program tTaorous hut that is wsging campaign
10 change industrial conditions merely. Let every laborng
look beneath the surface Of the oonsation plan
shove indicated then look back the recOTd Of the
" " since the United States declared state Of war
win Germany and then give every ". " recruiter the
alswe- he deserves.