Newspapers / The Commonwealth (Scotland Neck, … / Oct. 29, 1908, edition 1 / Page 8
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W W A n - m k n t " r ffiCES OF COTTON TEE I- L The tr inif l; l-r on tin- i'; t e 1 1 1 the la hoi in- Under Democratic and Republican Ad ministrations nasiiei i,.,, f bip clo ' 1 """"" " - 'Al that tin- Cotton Averaged a Cent a Pound Higher During Cleveland's Entire Term Than Under McKinley's Entire Term. What Will It Go To Under the Roose velt Panic? The Republican-Roosevelt panic has put the whole country inn frame of mind to impartially investigate Un truth of history in its bearing upon the relation of national administra tions to good times and hard times, and this investigation is bringing a wonderful, if belated, vindication ol ihe Democratic record. H has been abundantly proven, and is not denied, that all the panics m our history since the war have come under Republican administrations, ex cept the one of 1KH::, and it has been well established that this one had its beginning under Harrison's adminis tration. Farm prod in ts have been the last to feel the effects of Ibis present Roosevelt panic: but. with the price of cotton tumbling to near S cents, in a storm-smitten, short-crop year, al fecting most seriously the farming interests of the South, it should pri on re the farmers of the South to give careful consideration to the tacts ol history as to the relation of national administrations to the gnat staple crop of the South. Hon. K A. Wuodurd, of Wilson. X. i. has furnished tin- compilation ol prices of cotton under Cleveland's and under .McKinley's administration which is given below, ami these prices should lie read and considered in the ligbt of lle fuel thai the price ol cot ton cannot possibly lie affected by a protect Ue tarilV. as the price i lived in tht- markets ol the world, while the -ost of producing cotton has been very largely increased by the exactions of a high tariff and the i-ohbei-ies of larifi-creatcd aiul Roosevelt-protected trusts. The figures compiled by Mr. "W'ood ard. from the highest statistical au thority, are as follows: "Wilson. X'. C Oct. 1.". Runs. Upon examining the prices of cot ton from the years Isle: to 1!hh.'. in elusive, I tind that the New York pri ces for those years cover the admin istrations of Cleveland and McKinley. Cleveland was inaugurated .March 'SOa. The highest price reached by cotton during the year was J) 1 r. -1 ti cents per pound; the lowest price was 7 V cents per pound. In ISM the highest price was S fi-lO. the lowest was 5 9-16. In 1S95 the highest price was H-'Vi, the lowest was : ; -1 1;. In 1S9G the highest price was S tin lowest was 7 1-10. McKinley was inaugurated March 1, 1897. The highest price reached by cotton for that year was s ' , cents per popnd, the lowest was ." 1:1-ir,. la 1S98 the highest price was r, -.i-lii. the lowest was 3 "i-lti. Tn lSV.i the highest price was 7 l::-Hi. the lowi si was In liMKi the highest price was 31. the lowest was 7 S-ltl. It will thus be st.cn that cotton reached its lowest price during the veurs 1S9S and 1S99 of McKinley s ad ministration. Taking the average price during the administrations of Cleve land and McKinley. we lipd that tor the year lSit:',. the hrst year of Cleve land's administration, cotton averaged N 1'-:: cents per pound. The lirst year of McKinley's administration cotton averaged ti 1 ".-10 cents per pond. In IV4. the second year of Cleve land's administration, cotton averaged l r, -1 1; cents per pound. The .second war of McKinley's administration cot ton avcr-iged .". lr.-Hi cents per pound. The third year of Cleveland's ad ministration cotton averaged 7 rents per pound. The iniru .w-ui m McKinley's administration cotton iv.rnged i! L'7-.iJ cents per pound. The fourth year of Cleveland's ad ministration cotton average..! j -- cents per pound. The last year 01 McKinley's administration cotton averaged J i cents per pound. II Mill thus lie scvii thai collon averaged dining Cleveland's admiiiis I ration 7 -" cents per pound, and during McKinley's adminislralion 7 cents pel' pound. The lowest average price cotton has ever sold at since any record has been kept of its price was during the three lirst years ot McKinley s admin istration. referred to were Xew North Carolina prices m to ?4 of a cent less York prices. these figures may be of ervii-e to you. They are accu- ue. Uf their accuracy I have- no doubt. They are collected from a publication issued in 1!)07. made by Alfred Shepperson, recognized as one of the most accurate cotton statisti cians of the United States, and they are verified by examination of tin books of some of the cotton mer chants of Wilson. You will notice that during the years lSIi::, lS'Jf and 1 Mt ii , while at some periods during' the season cotton reached in 1S9:: 7 Ji cents, during the same year it also reached 9 15-10; and while in 1S94 it reached .1 y-lfi. during the same season it n ached S o-l ti cents; and while in 1S9 5 it sold as low as ;" 9-10 cents, yet much of the cotton was sold at 9-; and dur ing the second and third years uf Mc Kinley's administration, and while the McKinley tariff hill was in opera tion, tile highest price at which cotton was sold was in is-.ts. 1; :i-ii; per pound, and in 1S99 the highest price at which cotton sold was 7 i:;-lf cents. The prices York prices, were at least than the Xew I trust that some 1 BRYAN ADVANCE AGENT OF PROSPERITY Remedies Which the Demo cratic Party Offers to the Restoration of Confidence and Quietude and an Even, Equitable Prosperi ty. The Roosevelt Panic Measures Republican Failure The effort of the Republicans to create a Bryan scare have not only fallen Hat, but Mr. Bryan is taking the wind from their sails by pointing out the necessity of remedies and pol icies advocated only by the I)i mocrats for the restoration of confidence and the return of prosperity: "The Democratic party is absolutely necessary to rcslore prosperity. Republican party lias had The its chance and it has failed. Wc are now in the midst of a depression for which nat ural conditions furnish in. excuse. Artificial conditions are responsible fov the present business prostration ant those artificial conditions origi ua -d in Republican policies. The bit- ness failures for the nine months tii lug on September :l were 11.1M: n .lumber, and the liabilities amoiint d to 817Jt.OUO.000. It meant that if lie assets are worth, in fact, the mount at which they are placed, .here will still be a loss of .S.'di.OOO.OOO to account for. "This tremendous loss comes at a time when crops are reasonably good and when nature has not withheld her bounty. It comes when the Republi cans are in complete control. They have a IVesiilent whom they ciilogi.e in their platform, a Senate completely in tho hands of the lb-publican party and a Republican House of .Represen tatives dominated by a despotic Speaker. We can assume, therefore, that they have done cicrything Ihey could do consistently under Iheir poli cies to prevent, a panic, and yet the panic is here. Jt comes, too, wltcn wc have a tariff so high that even the Republicans promise unequivocally to revise it immediately, and Mr. Tat't has ventured tlie opinion that lite re vision will prolKibly Ik- downward. Wllat. does it promise to do for the protection of the public? What poli cies has it that look to a restoration of prosperity'.' 'A member of the British cabinet said recently in a speech that the ex ports of cotton goods from Lancashire had increased eleven per cent over last year, and be declared that the cotton exports of the United States had fallen off forty-five per cent in the same period. If this is true, how will the protectionists explain it'.' "The Republican party cannot es cape from its record. It is important to protect the public, because its poli cies have for. their object not the ad vancement of the ceneral welfare but the enrichment of a relatively small number of tho IH-ople at the cxtx-nse of the rest of llie people. If wc are to hate proscrity. we must restore independence in industry. The Re publican party does not promise this. On the contrary, it pledges itself to a continuation of tho iolicies under which trusts have arown and fattened at tlie expense of the public. "The Democratic party does prom ise to prevent the creation of private monopolies. To have prosperity we must have harmonious co-operation between labor anil capital. The Re publican party does not promise this. Oh the contrary it promises to con tinue the policies which estranged labor and capital." and have made la bor troubles acute. The Democratic party promises justice between labor and capital and a restoration of peace and friendship heiween employer -and credit fie , party hold 1 1 it scatter i: Does it ;u.-:. fertile soil' Republican i that belonu- itln r. Is Repuii for tin- pre-. t'atiaila lai f: there is . t'aliada. I. are as hii.: i Bepublici ., tlnre. What h: -fur the lieu- tiling. But ii to be afflict, have nr i: the ab.. . el s ret lis. . ' The I. e extortion ed from in has suf'. i . . deosits. that full. ment b t u . . . travawaiice i esseiis his i. Self uimeces culuni.il pule Tin- fai rm i the people, a i . c. by tin fartnei-K beli. ator-' by pup'. ositiou was ii' ciiii coneiit, -i in hoiic.-t el'-ci ( government ;c Bepublic.in . - -publicity pi. i'd. mates tin- ii,t uf tin- W.st. accept tin- ;. last eleven illilljitless of ! do justic-- t . t: ! I i v v i v : i u.it...l r. Tust before this issue was put to press an inquiry was wired non. josepnu uxm?is, nauviiai uiiii teeman from North Carolina, and Chairman of Publici ty Bureau of National Committee who has been t Democratic Headquarters in New YorK for the last ten days. Mr. Daniels, from that vantage ground of ob- corvatinn and intimate Knowlpdee. wired : ill rarrv Wpu' YnrK. In ilia na and Ohio, and enough o ther States to give him the majority in the Electoral College. The attempt to buy and intimidate this year w ill not succeed. Threat ot harH timoc rannnl hp fTr.rtivp flftpr Rpauhlican uanic. and the attempt of the trusts to buy the election can 11(11 A ItlllV J r - V- r - W M - Jl J ' " not succeed again." The RepuMi. t'ai-oliiia has m. i il in BtoS. mi. I. i SM-m-er Adam-. . wlien "the rape was dclhciiiiii the bench. 'I he I l-ciK-h Tom am not percept i bl n aerac. "Taft i b- mo lilit of Hie Be Sharpe William-. Statistics onipilcd by Dunn's Com mercial Agency show that waives hint: Im-miMtl B per cent during the op erations of the Republican Dinuiey tariff law. Slatisti-s compiled by the same authority show that 1iin;' e-peiis-s have in-rcas-l in the same time forty-nine per cent. Xo wonder tins "dinner pail" wa but scantily Idl ed iK-fore ihe Roosevelt panic knocked the iHfttom out of it. How can you support an administration tiial lias given -you 10 per cent of prosperity to carry 1! per cent ot burden '. employ . "To have prosperity we must pro tect the depositors and thus induce them to take their money out of hid ing and restore it to the channels of trade. Tin- Republican party does not promise protection of deposits. The Democratic party does. The Democratic party promises legisla tion which will irsure depositors. The man who puts his money in a bank must know that he can withdraw it at any time, and this security would bo fdven by the banks, because the banks malit their money out of their depositors. If we are Koing- to have prosperity we must have a reduction of the tariff. The people recognize the tariff is extortionate. Even the Republican leaders are forced to ad mit this, and yet they are deliberately planning to prevent any real revision by electing- a stand-pat Congress, while the Republican candidate is talking about revision, without fdving any assurance that revision will mean a material reduction. If the Republi can party wins, it will not revise the tariff in the interest of consumer and that means that the present agitation must continue lor lour years longer. "Do the business men want busi iies uuseiiieu . 1M tlie luisinss men want an extension of this agitation lo they want business to be unsettled by four years of discussion over tariff lilcs; 11 me ininocrattc party wins there will be an immediate reduction ot the tanlt which will satisfy th public UemaiHl and remove the tariSf question irom politics lor a number ,vis. v nemocrauc victory means i iinipuiij, prosperity to all the peo i.e.-. ,l prosperity mat win oe perma nent, it means the remedying of anuses; until abuses are remedied -ode can oo no peace ana the sooner abuses are remedied, the more easily can t tie remedy be applied." ii ii were possiiue to draw a prac- ,uui mi cipiiiauic in us terms mat, it would benefit every Ancriean citiy.cn cxactlj alike its effect upon one would correspond exactly to the lxMiclit which the father conferred on his son by giving him a penny to go to bed without any supper and then iook it ouck Irom bun after lie had gone to steep, ir its IiencJits wer com erred Willi exact equality ilicii tiicn there would be no benefits. The is mi sleight ot ha ml method by wmcn me government can put a dol lar into uic treasury ol the steel trust which it lias not earned without tak ins ik oui oi me pocKei oi some one else. it is the very inequalities of protection wliicli give it strength lltose wtio get millions more than their siiare out ot it contribute -f their unequal gains to keep in ower the party which gives it to them. Is ir any wonder the Republicans are afraid to let the people know before tlieir ballots are cast from whom they are getting tne money to buy the clot tion. and in what amounts they ar getting it? Some day the sober sense- of Un people will awake lo the tact that a wall d' protection around the country is as effectually a block Id American manufacturers from marketing' llich proilucts in foreign countries as il is against loreign manulaciiircrs reach ing- our markets. To lie sure there is no exact tax on exports. No one would stand for that. We all roc. g niy.e tlie necessity for linding foreign markets for the surplus of our manu factures. Rut tin' wall of protection under which the trusts have organized adds at every turn to the expense of the. manufacture ami thus handicaps the American manufacturer in his ef forts to get a fair share of the busi- icss in tlie world's markets quite as fliectunlly as would a tax on exports. 1 JPv. Mr. Farmer: In the production of your collon. the great staple crop ot tlie South, you are taxed at very turn by a protective tan If so high that even Ihe Republicans admit the need of revision, but the price of your crop is lived in the markets of the world, where protect ie tariffs cannot possi bly affect it. Iiaeul you paid enough of tribute to the trusts? 'Our Republican friends ma be conlidcnl that every vote cast will be honestly counted as easl. but as far carrying Ihe election in North Caro lina is concerned. Ihey had as well put their ballots in the rural free de livery box. . . Kitchm. 'ion can't argy agin a succes-." and reduced passenger fares in Xorth Carolina have been so completely suc cessful that it is shown by sworn re ports of railroad otiicials that railroad earnings from passenger fares hate Ik-cii greatly increased under the low rales, which are at the same time sav ing to the people of tin? Slate a hun dred thousand dollars a month. BRYAN S SEPARATOR SPEECH The Best Hit of the Campaign. Are the Cows to Go Drs for Four Years if Bryan is Elected? The Bryan bcare "Bluff" of One Manufacturer is Called by Another Who Tells Employees of the Intimidator, "Come Over to My Factory and Get WorK if Bryan is Elected." T Saturday, .Mr I'.ryan referred that morning, regarding a. manufacturet of cream separators. In cue of his speeches in Missouri 1 to an item that appeared in tlie papers threat mad. b- a 1'eniisylvania .Mr. i:iy;.i. id; "A press dispatch announces this morning that a I lifaeturer of cream separators has given notice to his tin; factory will clo.-e down for an extended period if I This is the most discouraging threat that. I have yet suppused that tin- cows would go on giving milk under sylvan in maii mployes that am elected, read. 1 had a Democratic administration as well as under a Republican administration, but if as a result of my election the cows are going to dry up in November am! not become fresh again fur four years, it will really be a serious matter. There must be some mistake about this separator business. The man may be manufacturing the separator that the Republican party has Per n using, for it has b aen using a. separator that has sep arated the cream from the milk and it has given the cream to the mo i opolics and the skimmed milk to the rest of the people. That kind ..f a separator will no longer be used and those who manufacture it may find their occupation gone, but for the rest uf the people it will be a glad day. a day of great rejoicing." These kind of threats fall flat of their own weight in the year J:ntS. Laborers, with the dinner pails already but scantitly filled, it not empty, are not to be intimidated this year. Husiness. under the paralysis uf this Republican pan'o, is coming mure and mure to view .Mr. Ihxan as the harbinger of good times and a ret urn to sound and enduring principles. In the particular case referred to above tho threat becomes a boomerang when challenged by a. rival manufacturer as follows: Waterloo. Iowa. October II. RMt.H. orman I-:. Mack. Chairman Democratic .National Committee, Chi cago, Illinois. Dear Sir: I hae -ecu the threat of the Shainles Separator Com pany to close down iheir shops in the eicut or Air. Ryan's election e. as the largest manufacturers of cream separators in the Initcd nue'V -' "'i'''"- '" ',M' "'' elec tion of Mr. IJryan and II.,. tbiiat ol the Sharpes Company being put into effect, to lake the men into cur employ. In view of the fact tl.n i..ii.:.. material of a separator l'.ieiui-v i .....I.... n...' trust is permitted to charge us .- per cent us .( per cent more Ihan wi- e.u.1.1 i. ...... Wl " I""U.IH1 n...!!,,. , iiiniiaiiv must he talki States Steel Corporation rather than GUARANTEED BANKS The Democratic Plan for Securing BanK Simnln Prartiral Method That Will positor, Establish Confidence, Prevent Keep ?ioney in Circulation. Tile foil gua ra nt. e pared by spent sum. owing pi i of bank ' Col. '. I time iii -filiation of tie posits was pre Arendell. win klahoina. when sieci u-tisi is tne raw pit-sent tarilf the steel more, and docs charge in the world's market, the shareholders in the Cnitetl separator m;nufaclurcrs. as as ll.v W. M. Marsh. lreid cut. JOWA DAIRY SEPARATOR CO.. ' I r w0 , S3 Jilt rCSNT fBSifortKP i 1 dreii the plan is now in successful operation, lie has investigated and seep tin- bene ficent effects of it- on rations, and presents its advantages and answers its oppon. nts simply, clearly and forcefully: The Democratic party in its plat form proposes a safe, sound, simple and economical method of guarantee ing th;- bank deposits of the great mass of individual depositors without whose money the banking business of this country could not survive for a single day. It is a practicable, fea sible business proposition, the princi ple of which is being applied every day to almost every phase of business and commercial life. A co-operative plan based on common sense, without frills or necessary friction, a plan that has riveted the attention and won the support of thousands and hundreds of thousands of the brainiest and most prominent nun of all parties, and all sections of the country, who realise tile fact that there is a growing de mand for some pracitical and effective nietho-l, the provisions of which e.ii! furnish .'eeurity to the people who fur nish nine-ti-ntiis of tin- money upon which tie banks of the country do b usiness. The plan proposed by Mr. Rrvali and embraced in the Denver platform is simple, sensible, sound. It provides for a guarantee fuifd to be raised by a small tax on bank de posits, t In- paid by the hanks and held in the national treasury, and to be used only for re-inibursing the depositors in case a hank should fail or a bank ollicia! should squander the depositor's money. That's all there is in it. It simply proposes to guarantee the depositor's money, and if carried into effect it will do it. Should the individual depositor be prolecteuV W hy not '.' And why should the banker he the only person and the bank the only institution that de mand Ihe use of tin- people's money without security'.' If tin- National tlovernnu-nt wants money, and it l'rci!uently does, it will give to the man who furnishes the muni-.v I'nited States bonds bearing interest as security. Not even the government asks for the people's money without security. If a railroad company wants your money it will give vuu interest bearing bonds se cured by a mortgage on the railroad, if a cotton mill company wants your money it will give ,,u a mortgage on its mill. If an individual wants your money he will give you as security a mortgag i his home with h'V wife's signature attached, and if he don't pay you back, principal and in terest, the law provides that you may sell the honn- and applv the proceeds to the payment of the debt. And when you come to think about it who else beside the' individual depositor con nected with our banking svs-tem an not protected or Insured. i -slV1oV'r,'si,k"1,t 1' hank if tin bank building, the furniture and even tin- plate glass windows an- insured, ami il he is a in-iiH..rt i... ...iii " ' - iurii ue I I I ou ye. Ask him H II... I , ..i ".."ft .'l- ouired to furnish scenritv their ! 1; you that each required to furnish cut bonds for this pur- requirenient rcgard- le'il you that n'm nisln-d bv Un- in Then ask him ii i posit urs are si rm oh. no, they ar( n no security or g i . Is that fair" I r i ... is IT lie Rryan says no, ii says no. Kvcry p every money s.-ar-frightened dollar every uneasy d. , acclaim that louder, say that " principle or . v clearing lions--cashier's fli i I. : the financial warning that i.. ; the policy is Kvcry declar. ti ' Tuft or any t: in favor of i other gov. nun coneeiitration is nu n. tinaiu i. r.- . where that th; linaneial s st- v; ellective tre.ui. of our i urr- n other motie v i i ' : And " hat s ' ' nn thod prop.... ,. party'.' It ci .-opera t i i )ii surani'e omp. ' to pay the los ing of tin 1m:. of tin- bank- -It's tin-tin- Stab r il ing Ol Sell .- We tell ui-iais an- r. V ",l,1,"i lierlormanc- of uu alio ne win tell "i iiifin is gooa ai.u suilic pose. Aor is this el.-, " , ... U!'u" tne Danker s - ur aouity nueu .stat.'.s .... .. . "ci. llilt ",u".1 oi iiieiii ..a.ii ourglaVv would naturally ining and discrim principle bell, lit oi stroy ar State and Cut Aii pi op...-l! I" nali he 1.. Kan-; Pal tv State a bout Out Hi in sue.-. uni crs. :i lid W 1; iln d a 1 sine- tb vlu- a ml has . plat I it I-Ii'., II it ill. tei a: k!. 1: W oilb alioilt II h. WOllld of l'l Vidua It, l $ 4 . 1 1 l . lie. in tie- in,: million d er, v Ii pllblica n the date. of this stauUiug pUblie.i n in tin- p: -inereascii died llot: homa L.-t k and pp u .. that tlier- 1 1 i Ask him if the government or the State oan was p,,,, ,l ou will money OIISlIp ss ryiv, ,,p, 1 d and .'ISk IP: , ,i, - iPon which vuu ves. tell yon that ui.-.inuuce ana you ociv.ue that v-erv. And they annind insured. f iirnlshe: ' ink I he that Rut i the does will V. instead e boni. it is rapu secure til plan w hi gets ileal a wildcat some of i i plan w,'.; business r hanks an ' lent to s.i State a-i,. have no in-, business : turning !" wild, urn hanks atei partv if ; might il" t! part new. nd makes i-,-
The Commonwealth (Scotland Neck, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 29, 1908, edition 1
8
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