Show 5 THE TARIFF ON SmOot voted with Senators Payne and Aldrich to increase the tariff on rubber goods representing an industry controlled and largely owned by Senator This' Rubber reported 31 net profits of and added to surplus upon sales of The new tariff had then been 5 operative not quite eight I These figures show a net profit i on actual sales of per C f This does not tell the whole the monopoly has r watered its and now has a fictitious its profit oh business done was more than In the competitive business of making I leather shoes the net profit on f total sales is said be or never more than 5 per It I is usually The labor cost of shoes from 22 to 27 per v I The ample tariff is 10 per cent on the cheaper i But the Rubber Trust was not v I I satisfied with a net merchandise I I profit three times as great as the shoes manufacturers manage to get along Last March i Smoot and others in-J creased its protection from 30 to 1 35 per That as f Evans points out in the World's it bought out the Revere company and raised prices of rubber boots 10 per Later it took in the Canadian dated and again May raised prices 14 per as all the I world crude the raw has lately fallen in i to the collapse of the London I The Rubber like the Steel according to I needs no-protection In i it congratulates its stockholders upon having largely increased its sales of rubber goods abroad without but By raising the rubber tariff by not removing or greatly reducing as their party in effect had promised Senators Smoot and others poured millions into the coffers of the sole customer of Aldrich 's own raw rubber What say these caught robbing the so Simply That the prices of food having been doubled by the as Senator Smoot claims his best the farmers who receive v-some of the plunder of all keep even though the food trusts take the lion's share If senator's argument were good as to v food prices it certainly does not apply to or white or or linseed or sewing or plows and or carpenters' plumbers' and a thousand other articles sold by these trusts at from 20 to 50 per cent less abroad than they pan be purchased for by any American consumer here at |