Page 4. THE CENTRE PEMOCRAT, BELLEFONTE, PA. Thursday, October 30th, 1912, LIGHT ON ANCIENT (PANIC ARGUMENT —————— History Demolishes Republican Claim That Democrats Make Hard Times. —————— 1893 WAS UNDER HIGH TARIFF Every Panic Since the Civil War Has Been a Republican Panic—Lessons From 1907 Upheaval, The enemies of Democracy are mak- Ing their anticipated and regularly re- curring howl—they are predicting hard times If Woodrow Wilson Is elected president on a Democratic tariff revi- sion platform. The Republicans are claiming eredit for present prosperity. A glance backward will while at this time. Every panic since the civil war orig- inated and developed under Republic an rule, The Republican campalgn textbook of 1004 devoted much space to the many business disasters occurring from July, 1893, 1804, intend- ing the public to attribute them to the Inauguration of President Cleveland in March, 1803. But the Republicans fall to refer to the fact that the Republle- an tariff law was in force during more than twelve of the sixteen months of greatest business disasters. This fact must be remem d—the McKinley tariff bill became a law Oct. 6, 1800, and the first indications of the 1503 panic were seen Nov. 11, 1800, scarcely more than thirty days after the Me- Kinley law was passed, and the panie reached its worse stage In 1893 and early In 1804, during which time the McKinley law was in full force. Millions Lost Their Jobs. It may recalled, that the panic of 1873 under Republican rule and In a period of twelve years of high tariff taxation, was most disastrous. It continued five years, 3,000,000 work- ingmen were thrown out of employ- ment and bankruptcy ran riot In 1800 the McKinley high ta was passed, and there were 10.673 ures, followed by 12.304 in 1891. The tariff was raised to nearly 50 per cent, but wages stood still or declined while the cost of ne advanced. The most serious labor the hi f the Unit occurred under Republics all be worth to November, bere be too, riff bill fail- essaries in ites have h tarif troubles ed St story o an hig Some Lessons From 1907, The Republican panic of 1907 fur- nished another forceful refutation of the Republican claim that Democratic administration and hard times, lower tariffs and panics have co-ex- isting. In 1007, in the midst of prosperity, thousands of leading banks, th hun- dreds of milli ih suspend ded cash payment as a result of a New York fir fness The New York Post in October, eald: been wi ns on deg 8. The tr 1H struggle between ble began great titutions for bus- [] ncial ins 1907, Condemn Themselves. “The certain and significar that it will be known as and high tariff panic. publicans may, they sponsible. Out of their own mouths the Republican party and the Dingley- ites will stand condemned. They fixed in 1806 the standard by which they cannot escape belr judged. the party platform of that year they refer- red to the panic of 1803, and the hard times following, squarely to charge up the entire a ntability to the party in control of the national government, and the political Inference was stated with merciless logic “ ‘Every consideration of public safe ty and individual interest demands that the government be rescued from the hands of those who have shown them- selves incapable of conducting It.’ “Now, what are the Republicans go- ing to do when the Democrats hand them back thelr poisoned chalice? ® *& * A great emergency has come and the high tariff is seen to be of no avall whatever rich and prosperous.” “Because the country has just got over the results of a Republican panle the president and his friends are urging us to perpetuate the Republican admin. as Re- be held re Ig n ou | It was to keep us all! stration,” says the Philadelphia Rec- | ord Business Depression, “As soon as business was checked five years ago the steel corporation, which was encouraged by Mr. Roose velit to swallow the Tennessee con cern, then its most formidable poten- tial competitor, drew its fires and threw about half its workmen out of employment. Other Industries did much the same thing. * * * There was nh extensive stoppage of mills In Phila- deiphia. “The Republican candidate for con- gress in the Kensington-Richmond dis- trict Is using the ‘soup houses of 1808" as a means of scaring the wage earners from voting the Democratic ticket Those soup houses existed under the McKinley tariff. But there have been more recent ones. After 1007 there were soup houses in the Kensington- Richmond district, and everybody who was charitably disposed was begged for contributions to feed the people who were out of employment.” UNMASKING THE | Harriman's $50,000 For T. R's Fund TARIFF DELUSION ———— "Franklin Pierce Shows That La- bor Is Not Benefited by Unjust Tax ———— MANUFACTURER KEEPS PROFIT Proof of Democratic Platform’s Sound- ness Cited In Reports of Wage In- vestigations. By FRANKLIN PIERCE. years of our history the manufacturers, believing that they received a benefit from the protective tariffs, have ingeniously devised plausl ble pretexts for increased prices upon the necessaries of life. At first they said that industry in our country was in its infancy and needed protection. When those industries had become strong and needed no aid the manufacturers invented the theory that the foreigner paid the duty. This theory was exploded, and they declar ed that cheap clothing cheap men and was not a blessing. Driven from every one of these Inde fensible positions, their final and only argument left today is that the tariff is imposed upon foreign imports to en able the manufacturer to increase his profits and pay higher wages. The Democratic platform that: “In the most highly protected indus- tries, such as cotton and wool, steel and iron, the wages of the laborers are the lowest paid in any of our indus- tries.” Wages In Cotton Industry. Under the existing Payne-Aldrich tariff law actual imports of cloth paid in 1010 average duties of 0o.4 per cent In 1905, when work and wage condi tions in the cotton industry were ex ceptionally good, wages of 202211 cotton mill operatives in the United States—men, women and children—av eraged only $6.47 The average wage for was but $7.71 a week, for women $6.30 and for children, $3.21 As to the profits, seventeen leading cotton mills, with total capitalization of $25,110,000 and total surplus of $21.- 863,501, paid in nine years dividends averaging 22 per cent. The cotton manufacturers turned out in 1005 $442.451,218 worth of goods and pald in wages therefor $04.337.605, or 21 per cent of the value of the finished product Extortion of Wool Tariff. Outside of the duties on two or three commodities of comparatively little im portance, the duties on woolen cloth are the highest of any in the tariff schedules According to Senator Reed Smoot, owner of a at Pre vost, Ut finance committee in ch legisla tion in th apparel val ued a J nuts a pou DOW pays 206 2-3 per This duties are made to pay For a hundred imposing meant declares cotton | the a week. men woolen mi nan of the irge of tari? } ire chaairn te, wearing nd Orrespo high wool mdingly nufactures of the man an loncreased wage of foreign countries But goods is nearly five while the to caibi » ifacturer his labor over those the duty on woolen times the labor cost, American manufacturers in 1005 paid in wages only 18 per cent of the tota value of their production At Lawrence in this most highly pro tected Industry the laborers were oblig ed to for a living wage Thousands of adult males were recels inly from $6 to $0 a week and many only £5 to $6 a week. As a re sult of t American Woolen company gave its employees slight in creases in wages The wool tariff bill vetoed by Presi dent Taft reduced the duties on raw wool from 42.20 to 20 per cent and on manufactures of wool from 87.00 te 48.36 per cent. Mr. Taft said he ve toed It because the proposed rates did not comply with the findings of the tariff board. Senator La Follette con tradicted the president, saying that the proposed rates varied from 1 per cent lower to 11.6 higher than the tariff board's findings justified. Low Wages In Steel. Manufacturers of iron and steel in 1005 paid In wages only 15 per cent of the total value of their production, while the duty then would average about 45 to 47 per cent, and on all metals it now averages 34.51 per cent American wages are really the cheapest entire strike even only he strike the | wages in the world when you take into ac. count the amount of production per man An {llustration of this appears in the Btanley report, Investigating the steel trust, as follows: “The Inbor cost of producing pig iron in Pennsylvania fell from $1.25 a ton in 19002 to 82 cents a ton in 1900, yet the realized value of the pig iron out put was £15.04 In 1902, whereas it was $17.44 In 1909. In other words, wage workers in 1002 got $1.25 for producing only $15.64 worth of pig fron and in 1000 only 82 cents for producing $17.44 worth.” While thus treating labor the Indus trial combinations that have grown up under the protection of the tariff have fixed the prices of commodities at the highest point the home market would stand When will the laboring men of the country cast off this delusion that the tariff is for their benefit and with their votes strike down this monstrous injus tice? ’ a — ho’ 72 Wh Dito /7 Zo mmltee” MINTUNTEY OF ROLLIE. Doe Vik. Mu 1904 4908 Fir vec Gm Time and again Colonel Theodore Roosevelt, the third term party's can- dldate for president of the United States, has stated that the famous $240,000 raised by the late E. H. Harriman [ny the fall of 1904 was for use in the New York state campaign. He also declared most positively a few weeks ago that he had ordered Chalrman Cortelyoy of the Republican national committee, not to accept any money from the Standard Oil company in that campaign and to return it if any had been accepted. On Monday, Bept. 80, C. O. Tegethoff, secretary to the late BE. H. Harri- man, produced the above receipt of the Republican national committee, signed by Treasurer Cornelius N. Bliss, for Mr. Harriman's individual contribution of $50,000 to this fund, proving conclusively that it was used in behalf of Mr. Roosevelt's candidacy. The day following John D. Archbold, president of the Standard Oll company, produced the documentary proof that his com- pany did give $100,000 to Roosevelt's campaign fund and that it never was returned. STEEL TRUSTBACK OFT.R.TRUSTPLAN ———— Charge Challenged, Gov. Wilson Returns With Prompt and Convincing Answer. ——————— COUNTRY WAITED FOR CLASH. they think try My p concelved fr very men wi that that view from w “If Mr Roos Mr. Perkins Jons ought he not be from the same q tails of the regula dies 1 fng hI in Perkins I thing excent pot look men who do 1 minds to o There s! if slot f tl of Proof if It Is Wanted. Wondered to Produce Parallel It Was Parker a Episode—More begin with th prices in u be extended ing of Oct the Wilson before hi special a ado that the shall have Roosevelt progran ik tra reguiation Th our IWS and in the same paper oionel Roose A system of g velt's dema: wrod { tion this produce epls the colonel calle for asserting (what has been so re ly contributing paign? fords been absolt of taxation OVern met I { ‘ I tem of just and it sat up and took notice Would } charges which shall vl st burden reason wher create the len le of Women as Inventors. The Scientif American proves that most of the cles lovented by men have with farming farming The was or a weaving, inv proved tha ns wer Roosevelt ng for Gover e prompt next day in his speech at Kan ncingly and mtent granted to a8 womazr 8 of straw and sik ented by Mary Kies, proce ly the sas City. Cote dispassionately Governor Wilson met the Roosevelt challenge. and should the controversy be pressed further the Democratic candidate will give the bull moose all he DOTS tion whereof he spoke Seiy, convi vater ehe Collier and violet + with jes, ai an id to + for th Ee % WAanis, or the r gw heel fol £] a new way Wilson's Charge. i At Pueb the center of the westle toaster and steel industry, Governor A snted by Agnes “Evid » of 1 tilama it to say "help hicago, with Fl King comes to ¥ way o re ration and two women evers tion stan ] poration gram + the trusts “Now, you | that the may think tha best thing f« is not my poin gentlemen have growi phere of the things hav d that the United States go far hav destroy the things that they ated a t they now want a govern ment which wi they have created “You therefore government such as the United States Steel corporation thinks the United States ought to have or a government such as we used to have before these gentlemen succeeded in setting up pri vate monopoly.” 1 3) rence little more than granted to en have nearly 1.0060, been women, whi 000 to thelr « The Re of Children They may not cough today, but what abou: tomorow? etter be prepared for it when it comes. Ask your doctor about keeping Aver’s Cherry Pectoral in the house. Then when the hard cold » cough first appears you have a doctor's medicine at hand. This cough medicine is offi up in the atmos they themselves of the ed to have e created an IWS 0" attempt Hi cre dtl I perpetuate the things re have to choose now a Roosevelt's Challenge. The same night at Albany, N. Y,, . ; Colonel Roosevelt upon reading reports | especially good for children, of Governor Wilson's speech said No anodynes. No alcohol. “As far as | know the statement has | fe. v a not the slightest foundation in fact | y a child is called dull and stupid he ole trouble is due te zy Mr. Wilson bas no business to make |» hy : s 8 own . . he bas the {live $e firmly ieve your own doc such a statement unless [tor Neill tell vou that an occasional dose proof, and if he has any proof 1 de lof Aver's Pills. supar-coated. will do st mand that he make it public imme lehildren : deal nf good. Ask L diately. If he has not let him retract M ade be 4.0. AYER CC 1 ’ his statement as the only manly and | _ honorable thing to do. LL Your Lungs and Throat, Wilson's “Retort Courteous.” aed by the Rev The next night Governor Wilson ent fOr Over sixty made this reply before the great au a ferers from consume dience that greeted him In Kansas asthma, bronchitis, catarrh, grippe, City: coughs, colds and jung and throat diseases “l understand from the newspaper | is a household Lovin Bw a Lh, reports that Mr. Roosevelt was dis es to which it bas brought health and tressed by my suggestion the other day that the United States Steel corpora |“* © A ABROTL, tion was back of his plan for control car Sir: 1 have know years of the ling the trusts. He interpreted my re Wy pophosphites and ho Haute Frepurution mark to mean that they were support ay Af this point 1 will say to you ing him with their money. 1 was mot |’ "you bes tl are how is that 41 Jean thinking about money. 111 with hung tr . Physicians said 1 was “l do not know whether they are|’’ © ail m} hyena tol my w (4 supporting him with their money or ty, which 1 used not. It does not make any difference Jun vh ny eat anim What 1 meant was that they are sup SAGER, porting him with their thought, and (Greene Co their thought is not our thought. | meant, and | say again, that the kind of control which he proposes Is the curative powers of this wonderful remedy, kind of contro! that the United States | at once 10 Mr. Abbott at the above Bteel corporation wants, iheireny ard he will furnish you comtimeing “1 am perfectiy willing to aQmIC ARAL | #700 / of the great worth to humanity of this preparation. cn mm -e 3 rat } meni } years of e wort | s pion, hap ness, August 11, 1908 fr OURT 40 erely al eth was diy with apd 1 ft I ren « w Efveraine rem REV. CHAS Church, Hunter, Pastor M. FE. JNK. ¥, The above letter shows what a great boon \ ly was to Mr, Sager, but it t owe of thousands received tectifving to the ilson Reme sh the The second was to Mary Brush for a corset and the third to Sophie Usher for | a tolletwitson Made of cream of tartar | did 1913 Overland $985 F. O. B. Factory. 3-8peed Bliding Gear, 30-Horsepower, 110-in Wheelbase—Completely Equipped, which means Mohair Top and Slip Cover, Wind Shield, $50 Warner Speedometer, Robe Rail, Foot Rest, Tire Carrier and Self Starter—More Car for the Money than is elsewhere produced. WE WILL HAVE A FEW CARS FOR FALL DELIVERY. ASK FOR DEMONSTRATION, John Sebring, Jr., Agent for Centre County. Bellefonte, [SLB SE SSE SR Penna Ta ll SE Th LE Ne RE Ee EEE. PRES SR SESE NS A Es a a a Sh EL © Rh a RE SASL NILE NLS EEE NW) Bargain for Star Soap Wrappers 6 Dinner Plates or 6 Cups and Saucers or 3 Plates and 3 Cups and Saucers for Only 50 Star Soap Wrappers Regular Value, 150 Wrappers. This is the best semi-por- sin ware, beautifully decorated in floral designs in color. Can be obtained only by bringing Star Soap Wrappers to F. E. NAGINEY, Furniture and Funeral Furnishings Bellefonte, Pa. cels The Procter & Gamble Distributing Co. THIS OFFER EXPIRES DECE mpen win. FE — More Visits To The Bank and Fewer Trips to the Coal Man If you have a Glenwood Range. All Castings Plain & Smoth, A Variety of Styles and Sizes, the Stove that makes bak- ing easy. A Full Line of GeneralHardware sHoNoNoNININONINIHINININININEIRONONe H. P. Schaeffer, Allegheny St. Bellefonte,’ Pa. FITZ-EZY THE LADIES SHOES THAT - CURES CORNS EONONONONIECHONONONONONONONONONONONONOEONONONS : | | SOLD ONLY AT we Yeager’s Shoe Store, HIGH STREET, BELLEFONTE, PA
Significant historical Pennsylvania newspapers