Show TRUSTS DID IT THEIR al THE ST LOUIS LOTTIS 00 convention av ML ION trust men n with trust funds funda forced his nomination took no chance with regular machine bandl dates cutlery trust at st L loal how it expects to be repaid all who pretend to keep postel it u politics and economics know that mo kinley lid did not make the mckinley McKinle 3 bill in in fact that he opposed its mos distinguishing features such as th sugar bounty bointy and reciprocity clauses they know that mckinley both it 11 private business and as an execution officer has been pretty much of a fail ure and that he is not a statesman anc has no qualifications to fit him foi president of the united states wha then they ask themselves them selves was he sc strong with the people that all of th leading politicians combined could no not defeat his candidacy for president h few facts may shed light upon this ques question tiou when mckinley was chairman of the ways and means committee he stood aside and permitted the manu facture rs anci ana other beneficiaries of protection i 0 write the clauses affecting them not ot anly lid did he not protest against this high bandel procedure of the tariff barons aarons but he asserted that the protected interests had a right to make the laws which would affect them directly this made him popular with the trusts and monopolies op olies when it came time to make another president those greedy inter ests were unwilling to take chances with wh ordinary oid inary quietly I 1 they selected one of their number one on e of chios wealthiest citizens who had had some experience in in managing the affairs of their favorites Funds I 1 were raised from the trusts and mckinley Mo Kinley boomers were set to work wor k in in many states the local politicians in in nebraska as well as in new york wondered where the funds came from to pay the very heavy expenses incurred they knew of no political assessments and were chagrined because they were not given control of the funds and could not therefore estimate the ex tent of the popular uprising for ke mckinley kckinley kinley one instance will c serve to show how the mckinley machine is is being worked and why it is is smashing smash no the old political machine when the ways and means hearings Commit committee tep was sitting in in 1890 to find out just what the protected jurers wanted a committee headed by mr W F rockwell bockwell told mckinless McKin leys committee that the pocket cutlery in industry wa 3 in desperate straits and was badly in need of more protection he stated that he wanted danied page paga sixty five of the hearings and got it as did aid many another needy manufacturer in in the exact language langan e of hi his demand Par paragraph h 1600 f t 2 bill fl Rock Bpck wells committee represented the twenty f four or twenty five ma manufacturers a U rs in this country one of the largest of which was the new york knife company at wallen N Y with thomas N W bradley as president soon after the passage pass asre of the makia ley bill the pocket cutlery manufacturers began to hold weekly meetings at the st denns dennis hotel in in new york in n october certain knives selling at 1125 per dozen were advanced to per dozen ad dances ances were made svery month on certain grades or kinds of knives and in in one year prices had been a advanced an average of about thirty five pr per cent in june 1892 t tuv e four largest concerns doing eighty five per cent of all 11 the business decided to form a more compact trust with rockwell for president and bradle brailey y for vice flent dent A prospectus was printed in many metropolitan papers which read very differently from the doleful statements made to the hearings committee here are some of them this business with a record of dver aver twenty years has steadily grown into a profitable undertaking the now th foreign makes and it is impossible now to tarn the channel of trade back bo 0 the foreign manufacturers the business of these companies has steadily increased year by year mid the net profits for a period of over three years are largely in in excess of the surd sam necessary to have paid sight eight per cent dividends upon DOO preferred stock and the amount available for dividends in in 1891 was from the returns already at hand since since then taking into consideration the new works now in in operation which produced no goods up to january 1892 the profits for 1892 may be fairly estimated to be not I 1 less ess than sufficient to pay eight per cent on the preferred stock and fifteen pel pei cent on the common stock the prices on cutlery have never at yet reached those which could have been een asked by the increased rate ol 01 tariff the capital was to be wf half common and half preferred stock good judges declared that this amount was about three times the actual value of the plants it therefore becomes evident that the profits of these concerns in in 1890 were over twenty per pel cent on capital invested and that there was no need for in increased creased duties as was claimed it is also evident that in 1892 these concerns were making between thirty and forty per cent profits on their actual capital the wilson bm bill took away about one third of the protection on pocket knives and of course prices of out lery lerv have had to come down and with them profits the manufacturers cursed the wilson bill an ani 1 resolved to strike for good old MeE inley duties they were among the he first to join I 1 mark hannas trust brigade thomas W bradley ermley took up a collection among cutlery sail and defying anahis morroa aa chine began some tall hustling for mckinley re he went to st louis lonia as aa a delegate and aided by other trust officers nominated his man it is il by those in in a position to know that the cutlery people have virtually been promised duties as high or 01 higher than they had in in the mckinley bill if mckinley is is elected the trusts will have full swing an and d this will be a government of for and by traits byros W HOLT |