The Duluth rip-saw. [volume] (Duluth, Minn.) 1917-19??, 1920-03-06

Az Unite States today than all Ihe
III. .;,;tes of the so-ealled revolutionary
a cs. ,, declared Sen. Capper OF Kanses
=; TO aadressing the U. s. senate on jan
Al o. The eminent senator from the
Ganf,ower state urged that jail SEN
."nnes he given all those found gulity
- charging excessive prices Tor gooos
that the people require.
The Great Family journal not only
.nrees with senator Capper as 20
~sof;teers and profiteering, but further
PpaI;aves that much Of this cry aoout
rad;caI;sm. revolutionary reds and all
hot ;s raised by guilty profiteers ana
t n of special privileges tor
The sole purpose of turning Afternoon
lne 1'i from them and their lawless
practices -
The U. s. senate, in committee Oh
the whole, was considering Dill "
promote Americanization OF aiens anu
nom English speaking people Dy means
If 60 operation of the state IN educa'
tional ways.
Senator Capper had read letter re,
ceived by him from the National Wooi
Crowers; Association, Salt Lake city,
Utah. which contained this pa 'agraph:
IAN Atwood three-piece suit OF men 3
o,othing is today retailing from the
stores at $50 to SIS for man weighing
us pounds. Three and one hair yaras
of cloth are required to make sun.
The weight of cloth for mems clothing
will average for medium winter sun
IA ounces per yard. This grade OF
wool Is selling in Boston on this date
at from $1.25 to $l.36 per secured
Mound. As 81 ounces is the maximum
ri secured wool required to make an
ertire suit, then the cost OF wool In the
suit is 1921"
Consumers Are Helpless.
Commenting on this, senator Capper
said: "This statement is OF more IMAM
ordinary interest when considered In
connection with the latest official re-
mort Of the national conference board,
which brings the startling information
that from July l, 1914, to November,
1919. cost of clothing has increased 80
ner cent. Just now the country condemns
labor in unsparing terms for its ex-
actions. but the evidence is overwheim-
inc that the cause of the expensive
cost of high living is not labor, but
nrofits. It is true that labor demands
all it can get that it may live, but pig
business keeps on getting and the help'
less consumer pays. After the laoo!
is paid, profits amount to unheard-o1
heights.
Fancy Figures on Wool.
.4Can we doubt that the general pub
lie is being sandbagged when we know
such facts as these:
"The net profits Of the American
Wooden Company, otter Federal taxes
have been deducted, were $2,778,6OO in
1914. S5,16O,295 in 1915, $500, 76l in
1916 $l5.644.9S5 in 1917, and $l2,324.
OS4 in 1918. All on an invested capital
of $22,OO0,000. The earnings on its
common stock were 5000 a share In
1915, $27.O5 a share in 1916, $47.6S q
share in 1917, and this year, according
to beet Wall street information, Wui
exceed 500 q share or more than the
stocks at par value. A year ago the
COMPANY, the chief textile company In
the United States, was quoted on the
Stock Exchange at $40. Today III IS
close to lou, anu III Iecon' VEGAS
been quoted at 1885,"
Playing With Cotton.
Referring to cotton goods, senator
Gamer said: "There can be no real
shortage of cotton with crop OF II,
600 600 bales added to 100000 bales
left over from 1918, but it is a common
occurrence, I am told, for the specula,
tors on the Cotton Exchange to BOOST
the crops value $50, $1,000 in single
day. In one week, during the crop
year, they actually increased 1t one
haze billion dollacs. The value Of
single wagon load of cotton advanced
sIsi.25 at Phoenix. Ariz., recently,
while the load was being weighed. To
this enormous speculative margin the
mill and jobbers add a margin OF
profit more than ample to meet all
CONTINGENCIES. Therefore, is 1t any
wonder that cotton goods cost nearly
as much a yard as silk used tof"
Shoe Men Tread Velvet.
Speaking of the velvet tread Of the
shoe manufacturers and dealers, sena-
tor Capper said:.
ga so per cent increase in the price
of shoes by next summer is predicted
by the President of the National Shoe
Travellers. The day this prediction
appeared another extra dividend was
declared by the Central Leather Com
pany. The common stock of this COM
pany was rated at So year ago. 1t
is now quoted around los, and a large
issue of new stock has recently been
added. While the people contemplate
going barefoot, the Leather Trust
walks on velvet made thicker. A year
sgo it was the war demand for leather
that made shoes high. Now it seems
to be the peace demand for velvet. At
a time when shoe manufacturers have
issued announcements Of still higher
prices for shoes the report of one OF
the great leather corporations shows
profit during 1919 of So per cent on the
'tock. The stock Of most Of such cor
porations originally did not represent
dollar for dollar, the money invested.
A great deal or most of the so-called
water in seenritv issnes stands for