The Connecticut labor press., 1920-10-02
AN EXPLANATION OF WHY YOUR $25
 SUIT COSTS $65
Some Interesting Figures Com piled by Labor" Concerning
 Woolen Trust Propaganda.
THE PROFIT HAS DOUBLED
MT. Woods "stabilization" of the Market Creates Continued
 Scarcity at Public's Expense.

Some interesting figures are sub- mitted by Labor, the peppery publica- ton devoted primarily to railroad labor dffairs and the Plumb plan, concerning ptohteering in clothing. Referring to the full page "ads' which the Amer lcan Woolen Company has been pub fishing i'll the daily papers, 1t says that President William M Wood of the American Woolen Company, otherwise the wool trust, is spending some of his excess profits conducting campaign of educating the public" Full-page ad- vert1sements are appearing in the daily papers and financial periodicals pro- claiming the many good and unselfsll qualities possessed by the wooden trust. Having been closed down for. more than two months i'll process of "stabil- izing the cloth market" the mills of the American Woolen Company Tn part re- stunned operations this week In this instance "stabilizing the market" meant closing the mills, depriving thousands of workers of their pay envelope in order that all surplus stocks might be con- stunned and the high price of clothing be maintained.
 It will be recalled that last May the American Woo1en Company, as well as William NJ. Wood, its president, were indicted by Federal grand jury charged with prohteering in woolens. Herbert C. Snytlle, special assistant United States attorney general, said that these profits in 1919 amounted to $15,513,414.70. These figures were sup piled by printed statements which Presi- dent Wood submitted to the stockhold- CTS of the concern.
 Profits, Salaries, Commissions
 During the present year, or until tfle indictment was followed by closing of the mills, MT. SmytIe is authority for the statement that profits to the trus
 exceeds on an average from 800 to 400 per cent. those of 1919" Mucfn of the stock manufactured in 1919 was sold at the 1920 increased-prb&t figures. It was further shown that in addition to enormous salaries received by Presi- dent Wood from companies comprising the trust he was paid during the year 1919 commissions from the rnanufac- turing and selling companies amount ing to $515, 5,482.86s This was calcu- lated as a part of the manufacturing and selling expense Cloth Is nt-Anparel
 The case was argued before Unfied atates Circuit Judge Julian W. Mack, who dismissed the indictment against President Wood and the trust It was Judge Mack's contention. that because cloth was not wearing apparel no ofense had been committed The Lever Act he said, limited profteering to clothes and excluded cloths. This fine spun verdict was very satisfactory to President Wood and his cloth-profi- teering associates Judge Mack wrote ms decision and sailed away for Europe before was made public
 Having created a short market in 1 woolen cloths 1t IS now announced that clothing will remain at the present pro- fteering price. with more likelihood of l an increase than decrease. The four essentials of life are food, fuel, clothing and shelter Since 1915 the advance in these four essentials have been: Clothing, 203.43 per cent. : food, 110.6; fuel and light, 72.72; hous- ing, 46.03.
 Your $65 Suit of Clothes Before the war standard all wool ready-made mans suit could be pur- chased for $25. The same suit today
 costs $65.
 The net cost of raw wool entering Continued or Es;ohfh .PaaaS