Jasper County Democrat, Volume 11, Number 39, Rensselaer, Jasper County, 17 October 1908 — TRUSTS ARE HOT HURT [ARTICLE]

TRUSTS ARE HOT HURT

But Business in Other Lines Has Been Seriously Afift-cted by the Panic That Still Hurt*. Mr. Taft says that the panic is about over gnd that conditions have about reached normal. That does not correspond with the view of the Chicago board of education that 15,000 children go to school hungry, partly because their fathers cannot get employment and because of the increase in the cost of living. ( The Saturday Evening Post, of recent date, contains more statistics showing that, according to the reports of the New York savings banks, the number of accounts opened for the year ending July 1 was 73,000 less than for the year before, while the number of accounts closed was 48.000 greater than the year before. The amount deposited was $35,000,000 less and the amount withdrawn $41,000,000 more. This shows a large shrinkage In the savings of- the people of that state. And now comes a New York wholesaler with the statement that on July 22 the firm addressed a letter to the wholesale grocers, biscuit bakers and confectioners of the United States, asking for figures showing trade con dltions at that time compared with six months before. The following are the statements for the eastern states, southern states and the middle west: “Staple groceries. 10 per cent, less in the eastern states. 11 per cent less In the southern states and 9 per cent. Iff the middle west. “Sales us groceries classed among the luxuries. 16 per cent, less in Mie eastern states, 18 per cent less in the aouthern states and 15 per cent, less in the western states. The falling off In biscuit add bakers’ articles ami, in confectioners’ trade shows substantial ly the same per cent” To show bow the trusts can escape from the evils that attiicf others. Mr. Bryan recently called attention to the fact that a recent issue of the Wall Street -Journal shows that the Interna tional Harvester company made larger net last year than in any preceding year? and the directors of the International Harvester company are largely the same as the directors of the steel trust