Show WORKS LIKE A CHAR H FIVE PER PCR CENT OF OUR WEALTH INVESTED IN manufacturing this 1 Is tile alio atilt of thirty tram led le D lotion littion in lair of protection ile how certain lua no act frers make lako on beall by the hie lat last census the die total wealth 0 of f the united stated ji 14 v aia the allm total at capital in invested vested in man braot ii ring 1 ax 7 tsal or but 5 pcr tont of alii ho hole after thirty years of legis hiting for the 6 5 it I 1 time to lo ri diio a the wi B i a cha chance nee New york vork world the world persists in misunderstand ini ing the benefits benr lits of protection it has n never 0 y e r 1 been ce c e n 1 pretended r e t e nd e d that tile the manufacturers t u r c r s c constitute 0 is t i t ti t ri n any n y considerable I 1 r cent of our population or that ta t he ae capital inac invested ted in manufacturing wv was 1 con sider ablo the world is also mistaken in supposing thit that nil all m manufacturers arc protected only about ico nut of are actually benefited by tariff legislation helios not more than I 1 per cent of our capital is juves invested teti in the protected protect etl industries conducted by le less s than 1 louta of I 1 per cent nf ef conr population gut but numbers and ami per cent dont count in una this cast case whilo while the number who first receives 1 the benefits or protection is ia limited tin the millibar of those who finally participate in thy blessings is ia uncil unlimited cited the protected manufacturers are bt ani 1 I trustees of protection pi election funds chari pd with the heavy responsibility of distria khelu this they do by reducing the prices of their hei r products and by payin ing high wages the effect upon the cout community ir anity n ind nd country is mar belons by paying high wages tho the protected manufacturers set beet tile the rate of ways wages tor for all it is ii at feet fact that in their anxiety to pay high enges they have used fixed the ra a so well that wage aro fact actually ddlly higher in unprotected than in protected protect cd indus trio because withes wages at ai e high in this country it is easy fer the pro protected manufacture on to induce hordes of poor huns poles and aad italians to come to thia country to work in factor factories legard bcd make home mir lot kete for our fa farnice farni cr nobody ia omitted and the system is absolutely per perfect fLet an error is likely to creep in ia here the world must not suppose that bo be cause cau se protected manufacturers have lut but I 1 per cent or of tile the total capital of the country inverted in that thit iball is ill they pos acsa protection enables certain manufacturers to la make 11 e enon enormous drogt on comparatively small investments thus the sugar and cartridge trusts fire aro undoubtedly malcina balrin mal cing rin on actual capital inac invested sted of nearly per cent other trusts fara far almost as well these are not always distributed at once but as in the casai of andrew andiew Cr conegie negie are allowed to accumulator until 1 a I bi library can call be supplied to a community com manity hungering for books or perhaps thoy they are ara invested in real read estate where by absorbing the unearned increment they can double about every twelve years those these temporary alcum accum accumulations ions no now in tho the hands of individuals anio amount urit to considerable considerably consider abla I 1 in fact tile the new york tribune finds that i out ont ora or a total or of bresin the I 1 countr country y I 1 alls VY i about 23 8 per er cent belong to the email class of perso parsons n s e engaged n a ge d in protected industries s that the he vast majority of tho the accumulations will at the proper timo and in the proper wey be returned to tile na millions illions of people who h havo avo temporarily deprived themselves of a part of their liard hard earnings cannot bo be doubted by those who are arc acquainted with protected manufacturers and know how unselfish and self sacrificing they are the few instances like hite tho the horn homestead estead affair in which the work workmen almon got get anxious to receive back their share of the protected barnin earnings S and think tile the trustees carnegie frick colare co are too slow in making distributions only emphasize the fact that iu ill most cases the people have implicit confidence in their trustees otherwise tho the legislative powers of this thia government would not for thirty years have been put at the tha disposal of these few manufacturers but supposing that through forgetfulness or some of these fortunes should never be distributed eye oven then the world would show a lack of respect and appreciation for our millionaire producing system it should look with pride upon our thousands of palaces and bow weekly meekly to the tha groat great business men who dwell therein they are the salt of tho nation |