The Hartford republican. (Hartford, Ky.) 18??-1926, 1920-02-13
SENATOR CAPPER
RAPS PROFITEERS
Department Does Nothing
So To Cut Profits OF
Big Business

washington, February.-while At
81 bsrusv General Palmer continues to
%niferate on how he will bring down
e6Ks' cost of living with his own little
a2schet, the Federal Reserve Board
repairs that the prevailing high prices
ART an ''nnQuestionable menace" and
g SENATOR Arthur Capper of Kansas
q gives some figures to indicate that
r1mGb of the trouble is due to profit
tGsIing, which the Department of
Iaszire has done nothing to stop. He
-Esays;
The net profits of the American
q Nn0len Company, after Federal tax
- p had been deducted, were $2.77S,-
sse in 1914, s5,16O,295 in 1915, S.
sssSz$,761 in 1916, .$15,664,9S5 in
rEs17 and S12,324,OS4 in 1918. All
On an jnvested capital of twenty-five
Eaininns. The earnings on its COM
-,rnKD stock were $1,000 a share in
ZaXS, S27.O5 a share in 1916, $4762
a shsre in 1917, and this year, ac-
-RrsfIng 10 best Wall Street informa-
.zGSzm, VIII exceed 500 share, or
,la1ene Than the stocks par value.
,ysE2r yago the watered stock of the
.rAmsT1can Wooden Company, the chief
yhET1ile company in the United States,
VEyzs qnoted on the stock exchange at
ga. To-day it is close to $50, and ia
xgcEnt weeks has been quoted at 15G
@.For the wool that goes into a suit
-. ri clothes which sells for 500 the
' -7susI1 grower receives $7.35, says the
GIBHJ Growers Association. This
makes the finished garment cost the
2I7nsGmer more than twelve times the
E15rR of the raw material. The price
az clothing has made enormous ad-
1rzDEes and is still advancing notwith-
2 zTznding the American Wool Com
sszHg cleaned up. net profits of 80
Dry cent in 1917 and in 191S-or ST.
1Q9,S00 more than the 10000, 600 |
e0fz1 OF the company's authorized out.
.stz7ding stock.
There can be no real shortage of |
,ri-0fxDn with crop of 100000 |
Bales added to 100000 bales left |
, Esyscr from 1918, but it is a comomn
zsssyZ rrence. am told, for the specu
1nsT1rs on the Cotton Exchange to
y EsSEgG the crops value $50,0OC,0ec in
u single day. In one week, during
thu crop year, they actually increas-
efI il -One-half billion dollars.
M time when shoe manufacturers
nave issued announcement OF still
slIgfHr prices for shoes, the reror- {
uT ono Of the great leather c)M'cra-
EIGas shows profits earned of so per
ss9Rt on the stock. The stock of most
>iNd ssnch corporations originally did ,
nor represent strictly, dollar for dol
Ian, che money invested, but good {
rcyprz of the stock represented earning I
galMnr A great deal, or most. of the I
SPECIALIZED water in security issues |
s1zz6s for wha. the organizers believe
Erse. a.Dncern could earn at fair divi- f
reno rate But so per cent is not i
zzIr rate of return on such watered
INSTALLATION. AS long as unrestrict-
80 T5TTces of stocks soar in Wall Street C
We must be prepared to pay robbery f
nzsces
while we were sending the boys ?
tn France, eating war bread, and con- i
AncIing all kinds of drives to win the i
- rs the United States Steel Corpora b
Eggn made 81 800, 900, 900 net profit. a
e. ~ m OF
-arurz bless at the beginning, scars to 9
vass rs of unbelief. {
THE market price of the farmers
I'VE stock has declined nearly so per =
ca1t. bringing many farmers to the
70 grsa of bankruptcy. But the high
1l1H,sS me consumer pays for meat are
'g,g5g0 ally unchanged. This is parti-
a.uIagIy true of pork, of which we have /
Il surplus of more than one and half
0NEop pounds, produced last year, be-
allHs large quantities in storage"
Il earnestly urge as remedy to j
rrf2El his emergency an active prose-
.41lon Of profiteers followed by their i
zzAprlsonment and a law requiring ev-
eYy manufactures to attach to every Z
sI-Jcie he produces the exact price .
az rsceives for it. / am confident /
1sIaing else will so quickly reduce
ANA restore business and industry to !
q sale and sane basis | also urge {
Drastic reduction in Government ex- '
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1an AH.pIs ~ is