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We hear considerable talk among republic...

We hear considerable talk among republic... image
Parent Issue
Day
24
Month
November
Year
1893
Copyright
Public Domain
OCR Text

We hear considerable talk among republican politicians about the low price of wool. But they are silent concerning the low price of wheat. Are not both affected by the same causes? If so, it is not the fear of tariff reduction that ails wool. The World 's Fair was a grand success but it did much towards increasing the financial stringency. It took, forinstance, $300,000 or $400,000 in currency out ofi this county and it will be a long time before much of this finds its way b;Cc into circulation in this county. It now looks as if the country were to secure prompt relief from high tariff taxation. If the tariff is revised carefully and judiciously and the change made at once, a revival of business may be expected. Just give the Democratie party a chance to enact its policy jnto law and see if times do not improve. That the Vanderbilts and their allies should get control of the anthracite coal of the United States shows the trend of modern feudalism. At a cost of ten million dollars they have bought control of the Lackawanna railroad, have guaranteed two million dollars to the Lehigh Valley, havedismembered the Reading as a trunk line, blocked competition in soft coal by controlling railways, and have formed the most gigantic monopoly ever known. On soft coal the government protects them from outside competition by a duty of 75 cents a ton. In this respect law plunders the people. That needs no robber protection, though it gets some from the duty on soft coal, its only competiitor. Last year 42,000,000 tons of anthracite were mined in Pennsylvania. It brought $2 to $2.25 a ton at the mines. The rest of its cost to consumers is freight and profits. The average cost for hauling to the seaboard has been $1.60 a ton. The Vanderbilt syndicate will get the profits on the coal itself and on its transportation. An advance of 25 cents a ton will put into their pockets any additional $10,500,000. In one year, therefore, they can get all their money back. Evidently the year of the billionaire is near at hand. The people of this country, of course, by supporting a protective tariff and other monopoly laws are expected to do all they can to

Article

Subjects
Ann Arbor Argus
Old News