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- North Dakota’s
Oldest Newspaper ESTABLISHED 1873 Thousands Are Comina To Fair Hoover Announces He Will Sian Tariff Bill PRESIDENT FORESEES BUSINESS REVIVAL FROM PCK ACTION Continued Expansion of Export Trade Is Expected When Business StabiKzes LIKES FLEXIBLE CLAUSE Sees in It progressive Advance* to Take Tariff Out of ftf Politics Washington, June 16. (AP) President Hoover will sign the tariff bill. He regards such action as essential to prompt business recovery. Any inequitable rates the measure may contain, he says, can be corrected through the new flexible provision. With the return of normal condi tions he foresees a continued expan sion of export trade. Foreign com plaints against certain rates, he be lieves can be satisfied through ap plication to tariff commission. The chief executive sees in the flexible clause a much-needed “pro gressive advance” giving “great hope of taking the tariff away from poli tics, lobby and log rolling.” He regards the bill, too. as the fulfillment of the administration’s pledge regarding wages of labor and of his own requests for a “limited” revision of the customs schedules. Analyzes Bill All this Mr. Hoover made clear in a statement issued for publication today, in which he asserted his in tention of approving the bill and then proceeded to an analysis of its con tents. > Immediately the tariff took on the aspect of a major issue in the corn* ing congressional elections, with the Democrats and the Independent Re publicans from the west arrayed against the administration. It vu learned the latter group, which tailed in its effort-to keep the export debenture plan in the billets' preparing for an. intensive campaign in farming states and is counting upon Senator Borah as its principal speaker. Two years ago Borah cam paigned for Mr. Hoover’s election. The president himself will journey across the western tariff battle ground this summer. In addition, Vice President Curtis and Senator * Watson of Indiana, the republican leader, are considering speaking tours to meet the challenge of the Independents. "<•* In his statement, Mr. Hoover placed responsibility for the rate schedules squarely upon the should ers of congress. “Certainly,” he said, “no president, with his other duties, can pretend to make that exhaustive determination of the complex facts which surround each of these -3,300 items, and which has required the attention of hun dreds of men in congress for nearly a year and a third.” Quotes G. O. P. Platform After quoting the republican tariff plank of two years ago and citing statistics in support of his contention * that the bill constitutes a limited re vision and will be of advantage to the farmer, Mr. Hoover devoted a large portion of his statement to flexible provisions. No tariff law can be perfect, he said, and changing economic condi tions require changes in the import duties. In the flexible provision he saw the remedy for this situation, one, he said, which should make a congressional revision, with its re sultant agitation and business un certainty, unnecessary for years to come. Should £he flexible clause of the . -bill prove inadequate, Mr. Hoover v jsaid he would ask that the tariff commission be given increased au r thority. He asserted a belief “that ~ > public opinion will give whole-heart ed support" to such a program de signed to develop a protective sys tem “free from the vices” which, he said, have characterized every past revision of the tariff. The president said in summarizing his reasons for approving the bill, , “I believe the bill gives protection to agriculture for the marketing of its t products, and to several industries in need of such protection for the wage of their labor and that, with return ing normal conditions, our foreign trade will continue to expand.” Vice President Curtis signed the bill today for immediate transmission L to the white house. President Hoo ver is expected to atfix his signature later in the day or tomorrow. ; TARIFF REPRISALS FORECAST Of FRANCE Paris, June 16.— OPh- Hostile criti cism of the American tariff measure, which began anew with passage of the bill by the senate, was continued today. Oeuvre, radical socialist /organ, de clared: “In a word, America wishes to sell us everything and buy nothing from Us.” other papers it considered re prisals inevitable. BEULAH HOTEL TRADED Beulah, N. D., June 16.—E. A Kees has traded his hotel in this city to C. E. Peterson, of the Mandan Mercan tile company, for a farm north of Golden Valley. Mr. Peterson already is in possession of the hotel, having moved his family from Haacn. THE BISMARCK TRIBUNE MYSTERY ELEMENT HAS BEEN INJECTED INTO STATE POLITICS Amateur Detectives Have Op- portunity to Ferret Out Mixup in Letter POSTMARKS WERE TRADED Letter by Mr. Paulsell (or Twill son ) Apparently Mishan dled by Someone By KENNETH W. SIMONS A mystery has been Injected into the North Dakota state political cam paign. Since only 10 days remain before the primary election, any amateur Sherlock Holmes who solves it will have to work fast. Otherwise the Dr. Watsons of the general public will have to make their own deductions from such facts as come to hand. The mystery concerns a political letter sent out last week from Ken mare but postmarked from Bismarck. That looks queer but the answer may be simple. Perhaps the postmarks of the two cities got mixed or maybe some one in the postal service was having a quiet little joke all to him self. Anyhow, here are the known facts in the case as they appear at pre sent. A printed letter, signed by A. E. Paulson of Kenmare, was distribut ed this week in North Dakota. It was very much political in its nature and contained a sharp attack on a letter sent out to merchants recently by T. H. Thoresen, Nonpartisan campaign manager. Aha! and Again, Aha! Mr. Paulson’s letter was dated from Kenmare—but—it was postmarked at Bismarck at 2 p. m. on June 10. That’s all there is to it. There’s your mystery. As is natural with mysteries, a lot of questions may be asked about it. Some of them were asked of Mr. L. L. Twichell, the Independent campaign managCL. and to some ef them he furmsheS answers. Was he sending out the letter? “O dear, no.” But he regarded it (Continued on page nine) NEW YORK STOCK PRICES COLLAPSE 200 Issues Hit New Low Marks for Year buring Precip itous Decline New York, June 16.—<£■)—-Strong banking support cushioned but failed to check a headlong decline in share prices in today’s stock market, in which some 200 issues plunged to new low levels for the year or longer. The decline was one of the most precipi tous since the November selling panic. After a violent drop during the morning, the decline was momentarily halted during the early afterr.oou, but as the session drew toward its close, selling pressure became overpowering and depressed such pivotal issues as U. S. Steel and American Telephone to new 1930 lows In the final transac tions. The pace of trading slackened for a time during the afternoon, but was accelerated to a feverish rate in the last hour and the ticker reeled off. quotations long after the closing gong. Total sales exceeded 5,700,000 shares the second largest turnover of the year. Bowman County Is Hard Hit by Hail Hail loss claims made for the week ending June 14 totaled 199, according to a compilation made today by the State Hail Insurance department. This brought the total for the sea son thus far to 570. Claims were re ported from 90 counties during the week. The largest number of losses for the week was in Bowman county where 40 were reported, while Billings was next with 25. Other losses were Adatns 1, Bottineau 2, Burke 9. Bur leigh 6, Divide 7, Dunn 6, Grant 10, Hettinger 13, Kidder 7. La Moure 2, Logan 1. McHenry 1. Morton 3. Mountrail 20, Slope 20. Stark 13. Stutsman 1, and Williams 12. Two Idaho Youths Now Buddhist Monks San Francisco, June 16.— (JP> —Two Boise, Idaho, youths, ordained as celibate Buddhist monks, today be gan MMwiriitiiwsiit of their avowed ideal, bringing the east and west in closer relationship. The ordinary ceremony, said to be the first in the United States, was conducted yesterday in the Sen- Buddhist temple by Hyogen Benzakl. Buddhist monk and teacher As he held a knife poised over the neophytes to symbolize the cutting away of wordly desires, L. A. Colburn. 21, and 7. M. Ormsby, 25. oecame Mokusal and Koun. The young monks expect to leave for Japan within a few months for a five year period of training. Late News • V Bulletins RETURNS FROM ABROAD Jamestown, N. D., June 16.— (/P) —W. R. Kellog, veteran North Dakota editor, returned here Sun day after a year's stay in Europe. Kellogg visited England, France and Spain. FALL SEEKS PENSION Washington, June I#.— </P) —Al- bert B. Fall former secretary of the Interior, has applied to the government /or a pension for mil itary service during the Spanlsh- Amerlcan war. TAKES LEAD IN HOMERS Philadelphia, June 16.—(A*)— Chuck Klein of the Phillies hit his nineteenth home ran of the season today off Ray Kremer of the Pirates to take the home ran lead in the National league. WAR VETERAN SLUGGED Mandan, N. D., June 16. Polcle officials of western North Dakota today were hunting for two men who last night slugged John C. Huff, disabled war vet eran from Hannaford, N. D* and stole his automobile, money and clothing. MERGER PROBE AUTHORIZED Washington, Jane 16.— (AP) — The senate today adopted the Conaens resolution authorising in vestigation by Its commerce com mittee of railroad consolidations and their effect upon the public Interest. DEMAND SESSION CONTINUE Washington, Jane 16HJV- Demands were ma£; in the senate today by both Republicans and Democrats that congress stay in nrmion until the riven and har bors and the veterans relief bills havs been voted upon and ap prove* «r~ disapproved by Presi dent Hoover. MAT DELAY ACTION Washington, June 16d—(fl*)— A possibility that the house inter state commerce committee would not take action until the next congress on the senate resolution to suspend temporarily the inter state commerce commission’s authority to permit rail mergers was seen after a committee meet ing today. STATE DEPARTMENT QUERIED Washington, June 16.—(J*)—The senate today adopted a resolution by Senator Glass, Democrat, Vir ginia, calling upon the state de portment to inform the senate by what tow it assumes “to approve or disapprove” the proposed flo tation In this country of 6100,000.- 000 of reparation bonds through the International bank. COAL BATES UP AGAIN Washington, June 16— (A*) —Coal producers In eastern and southern territory, coal consumers in the west and northwest, railroad, dock and shipping organizations and various others affected were represented today when the in terstate commerce commission undertook for the fifth time in the last seven years to consider revision of larke cargo roal rates. .WINNIPEG MARKET IN PANIC Winnipeg, Man., June 18.— (If) — Dollar wheat ruled in panic on the Winnipeg wheat futures mar ket today. All three futures re corded new low prices for the season ao values were recklessly pounded down 4 5-8 to 4 3-8 cents In a hectic session. July wheat, sinking weakly to 98 l-2c per bushel at one point, was at the lowest mark in several years. Race to Evade New Tariff Rates Starts Washington, June 16.—(A*) —The unusual race of importers to bring in huge shipments before a new tariff act takes effect is on. Customs officials announced to day $11,000,000 In duties were col lected at the port of New York on Saturday, which is a half day for the collectors. Ordinarily, only about a million dollars is col lected on that day. Frank Dow, assistant commis sioner of customs, said shippers were quick to take goods out of bond to take advantage of the old rates. The new duties, more than 1,000 of them, will take effect at mid night of the day the Mil is signed by President Hoover. Sporadic Raids Made On Indian Salt Pans Ahmadabad, India, June 16.— (JP)— Despite the monsoon season, inter mittent salt raiding by Indian na tloanlist volunteers continues in some localities. People of nine surrounding villages were called upon to take part in a raid on the depots at Shahpur but they were unable to cross the customs line, which was guarded by 900 police. BISMARCK, NORTH DAKOTA, MONDAY, JUNE 16, 1930 The picture above shows graphically the fury of the storm which swept Min nesota and Wisconsin late Friday, causing six deaths, injuries to more than 200 and property damage of mare than 61,000,000. The picture shows a wrecked home in St. Paul Park. One person was Injured when the house was . blown down. THREE DIE IN N. D. ACCIDENTS NINE LIVES LOST AS SUDDEN STORMS HIT SOUTHERN STATES Hostess and Guest JKillerf by Lightning; Other Victims Are Drowned • Dallas, Texas, June 16.—(A I)—Sud den storms over the week-end in the southwest took a toll of nine lives in Texas and caused damage in Okla homa estimated unofficially at several hundred thousand dollars, chiefly to ripened wheat. Mrs. Morris Durham. Lamesa, hos tee at a supper party, and Mrs. Cora Whitaker, one of the guests, were killed and five others injured by lightning Saturday night. Oscar Tidwell of Ooree; his wife; Oscar, Jr.. 8; Edna, 17; their daugh ter, and Mrs. Tidwell’s mother, Mrs. W. M. Gillland, 80, were drowned when a sudden freshet swept away their home on Lake Creek Saturday. Lindsey Phillips. 15, of Klrven, was drowned Saturday when his automo bile ran off a road into a swollen stream near Fairfield, and P. C. Lul in, was drowned when his automobile was swept from a stream crossing near Angelo. Scores of persons were driven from their homes at Wichita Falls, yesterday by a rain which inundated several hundred acres of farm land, a mile of the Fort Worth high way. Rainfall, which was almost a cloud burst near Uvalde. South Texas turned unnamed creeks into raging torrents that washed out several hun dred feet of Southern Pacific right of way and disrupted train service. 46 Idaho Men Face ‘Rebellion’ Charges Coer d’Alene, Idaho, June 16.— (1P) — Forty -six alleged participants in a second North Idaho "whisky rebel lion” were called to trial today before Federal Judge McNary of Portland, Oregon. Accusations in this case, which closely resembles the so-called Mullan "whisky rebellion” of last winter, in volve Herman J. Rossi, mayor of Wal lace, Idaho; W. H. Herrick, former mayor, peace officers, city councilmen and others. They are charged with having conspired to violate the fed eral prohibition laws. a— ♦ Chicagoan Bored I By Mere Holdup | * Chicago, June 16.— (JP) —The much robbed Martin Callahan is rapidly acquiring an attitude of bored em placements in the presence of gun men. \ There is something about Callahan, a lawyer, that makes crooks like to rob him, he believes. They started it three years ago. They resumed four months ago. And early yester day they were back again. Three robbers held up Callahan and his wife upon their return from a theatre. The robbers took $277 in cash and some jewels. Callahan complained that by taking, all his cash they were leaving him broke over Sunday. The leader laid a $lO bill on the table to provide for Callahan’s Sabbath ex penses. But as the robbers departed, one of them filched the $lO from the table. When Tornadoes Lashed Northwestern States Baby Lives With Bullet in Brain Chicago, June 16.— (JP) —The six weeks’ old son of Mr. and Mrs. Oscar J. Stensland was still alive and eat ing heartily today, although a 22 cal ibre bullet, was lodged In his skull. Physicians and surgeons In attend ance were puzzled at the infant’s strength and alertness; police were puzzled as to who fired the shot. On June 4, Mrs. Stensland stood in front of her home, holding the baby in her arms. She heard a gun shot. The infant, Laurence, began crying. His mother saw a blood spot on his right temple. It was at first believed a blood ves sel had been punctured, but later phy sicians found a hole in the temple. An X-ray. showed a bullet lodged in the skull and the brain pierced. Surgeons were unable to extract the bullet Sat urday and unless the condition of the baby becomes serious, no further operation to remove the bullet will be attempted. SENATE COMHnTEE SUPPORTING LEGGE Renomination of Farm Board Head Approved Without Dissenting Vote Washington, June 16.—(/P) —The senate agriculture committee* today approved the re nominations of Alex ander Legge as chairman of the farm board and C. C. Teague as the mem ber representing fruit and vegetables. Since committee action was unani mous, early senate confirmation is expected. Senator McNary, the committee chairman, said he would seek senate consideration late today or tomor row. Legge and Teague have been serv ing since the board was named by President Hoover. Neither was called before the committee. Both nominations were confirmed by the senate last year after extend ed inquiry by the agriculture com mittee. Many women now wear their wed ding rings on the third finger of the right hand, instead of the left. League of Nations Makes Study of What Detroit Men Do With Money Washington, June 16.— (JP) —What a 17-a-day man in Detroit does with his money has become the concern of a league of nations agency and the department of labor. It came about through Henry Ford’s desire to have his workers in Europe enjoy the same standard of living as that of his em ployes in America. He asked the international labor office at Geneva to help him and this, in turn, asked the labor depart ment to inform it how well the $7 a day Detroiter could live. It requested the sum be reduced to quantities and qualities of food, clothing, rent, lux uries and other things. PAUL COOK NEEDS RALLY TO QUAUFY ■ ~ » Bismarck Youth Trails Dozen Today in Qualifying Round for Open Meet With Paul Cook, Bismarck’s youth ful golfing luminary, having shot an 80 in this morning’s 18 holes, it be came apparent that only a strong rally in the final 18 holes this after noon would enable the North Dakota state champion to qualify for the na tional open tournament. Cook is one of 82 amateurs and professionals who are attempting to qaulify for the national open over the course of the St. Paul Town and Country club today. The national tournament will be held over the course of the Interlachen club, Min neapolis, next month. Close to a dozen turned in scores for the morning's rounds which were better than Cook’s 80. Only eight from the Northwest district will qual ify. Shooting a 34 in his opening round, the best nine-hole score for the morn ing, Ralph Klngsrud, Fargo profes sional, came back in 40 to turn in a card of 74, which placed him among the leaders. Paul Schmands, Valley City, shot a 40 and 42 for an 82 in his first 18 holes. Today’s play is Cook’s first taste of national competition, the youth hav ing entered the qualifying round principally for experience. When he finishes his play today, he will leave for Pittsburgh, where he will parti cipate in the national intercollegiate tournament at the Oakmont club as a representative of the North Dakota Agricultural college. Willie Kidd, Minneapolis, led the field with a card of 70 when nearly all golfers completed the first 18 holes today. Oster Murder Trial Will Begin June 26 Linton, N. D., June 16.—Trial of Ja cob Oster, charged with the first de gree murder of John Petersen, farm er who lived four miles east of Hazel - ton, will be begun in Emmons county district court here June 26 before Judge Thomas H. Pugh, Dickinson. Oster has confessed that he shot Petersen, for whom Mrs. Oster was working as a housekeeper, early in the morning of March 24. Oster is being defended by William Langer. Bismarck attorney. * The results have been transmitted to Geneva and the labor office there is now Interpreting them in terms of European living costs. The Ford study covered a hundred families. The husbands averaged 250 days yearly at $7 a day, with average expenditures for the family of $1,719.83. This was spent as follows: Food. $556.12, 32.3 per cent; clothing $210.67, 12.2 per cent; housing, $388.81, 22.6 per cent; fuel and light, $103.20. 6 per cent; furnishings $88.55. 5.2 per cent; minor and miscellaneous, $372.48, 21.7 per cent. Five Other Persons, Including Bismarck Woman and Man dan Faith Healer, Injured Three boys are dead and five other persons, Including a Bismarck worn* an, are Injured as a result of week end accidents In North Dakota. The dead are Meric Ness, 14-year old son of Anton Ness, Mandan faith healer, victim of an automobile crash near Valley City last night, and Clin ton Hild, 16-year-old Cando high school debater, who drowned In Sny der Lake, north of Cando. Myrtle Hardt, Bismarck, was ser iously injured in an automobile ac cident near McKenzie this morning. Anton Ness was seriously Injured in the crash last night. Paul, 9. and Carol, 14, other Sons of Mr. Ness, suffered minor injuries in the Valley City accident, while C. P. Bumstad, of Burnstad, suffered minor cuts and bruises in the Mc- Kenzie mishap. Merle Ness was killed when the Ness automobile crashed into a tele phone pole 14 miles from Valley City. En route home from a fishing trip in the Minnesota lake region, the Ness car struck loose gravel and cata pulted across a ditch. Father’s Injuries Numerous Tlie father of the boys suffered severe lacerations of the head and shoulders, a double fracture of the left arm and two or more broken ribs. He probably will recover, physicians said, although his condition today continues serious. Funeral arrangements for Merle have not been completed, but burial is expected to take place in Mandan, where the family has lived for about the last six years. The boy had just completed his freshman year in the Mandan high school. From Farmington, Minn., Mr. Ness moved to McClusky, N. D., many years ago and about six years ago moved to Mandan, where he has practiced faith healing. Many miraculous cures are credited by former patients to Mr. Ness. Ap proximately 135 persons a day come to him for treatment. Recently he pur chased a large dwelling house at Mandan as the first unit of a pro posed sanitarium. Fractured Skull Feared Myrtle Hardt, 411 Fifth street, was injured when the automobile in which she was a passenger swerved from the road and turned over near McKenzie following a tire blowout about 8:30 a. m. An X-ray examination had not been completed at noon, but it was feared by hospital authorities that Miss Hardt had suffered a fractured skull, besides numerous body bruises and cuts. She was semiconscious She was riding toward Bismarck with Mr. Bumstad hen the rear tire went flat suddenly and caused the accident Mr. Bumstad suffered many body cuts and bruises and a severe gash on the head but was able to (Continued on page nine) Three Persons KiMed When Plane Hits Auto Chicago, June 16.—(/P)— Falling to gain altitude in its take-off, a Na tional Guard pursuit plane yesterday ploughed into a small sedan on a crowded suburban highway, killing three occupants and critically injur ing a fourth —all members of one family. The propeller of the ship and the force of the undercarriage complete ly demolished the sedsn Several 'thousand people witnessed the crash The Weather Mostly fair tonight and Tuesday. Somewhat warmer Tueadayl PRICE FIVE CENTS RACING STARS ARE. MOBILIZED HERE FOR CARNIVAL OF SPEED # Stars of Harness Horse World Awaiting Opening Gong on Wednesday OFFER GOoIT~AMUSEMENT Management Says Everything Will Be Ready When Gates Are Thrown Open The atmosphere of sporting fascin ation which the eve of a race meet evokes has spread itself over the grounds of the Bismarck race track as the mobilization of the racing stars completes Itself. They’re all here now, awaiting the signal of the gong Wednesday to be off for the three days of trotting and pacing, capped off with a card of auto races on Saturday. Sunday a half dozen vans arrived bringing some of the best horses en tered in the various events. Carnival features also have been coming in and the track grounds today present ed a garish setting what with a blend of race meet, show and Coney Island. Assurances we» given today by the fair management 1 that everything will be in readiness when the fair and race meet opens Wednesday. Indications are that thousands of residents of the Missouri Slope coun try will be on hand each day to watch the "sport of kings.” Many families expect to bring their lunches and stay all day every day of the fair. The stables of Ben Morgan, of Tama, lowa, brought in four horses from Toledo. W. G. Beezely, of Syracuse, Neb., brought in seven. G. A. Zang, of Kewanee, lIL, arrived with four, Friday night, and C. W. Pace, of Longmont. Col., came in Saturday night with four head. Yaklman Racing Family In R. E. McKenzie, who came in Fri day, has a fine stable of six entriei here from La Crosse, Wls. J. W. Holmes is another Wisconsin entrant. He has two head here, Markfast, a trotter, and Remington Hal, a pacer. C. A. Witt, in from Des Moines with his family and two horses, is a Ya kima valley horseman from Washing ton, and after the meet here ends he will work westward to his homo iscr - ritory by way of Minot. N. C. Mortlnson, of St. Charles, Minn., was one of the arrivals of the last few days. He has four horses entered. W. W. Smith, St. Paul, an other Minnesota entry, keeps Mortin son company with two pacers and three trotters. Freddie Capp, one of his trotters, has a mark of 2:04. Other late arrivals included Her man Friess, Rice Lake, Wis., Tuck Conley, Spencer, lowa, and Dr. A. E. Byron’s entries, from Selby, S. D. 15 Dogs To Perform The chief carnival feature on the grounds, Sunday, was the dog show of J. W. Nagle, which motored by car, trailer and truck all the way here from Miami, Florida, to make the ini tial performance of the season on the Bryan grounds in connection with the meet. The show carries 15 yelping poodles and fox terriers. One of the poodles, the original dog of the show, is 19 years old and the most enthus iastic trouper of the aggregation. The Nagles are from Pottstown, Pa., but spend their time all over the country, wintering in Florida and taking to the road with the first sign of carni val season in the spring. In connec tion with their show some fine Rus sian tight wire walking and trapeze stunts by the Novikoffs will be given. The ground equipment is growing from year to year. To accommodate the increase entries Mrs. Bryan had another stable erected this spring. A corps of ground attendants has put the place and the track in fine shape for the week’s events. Northwestern Farmers Get $691,951 in Loans Grand Forks, N. D., June 16.— UP) — A total of $683,951.80 was loaned to northwest farmers by the federal seed loan office here, which practically has completed its work of mailing checks. Seven Minnesota counties received $21,385.35 ; 35 North Dakota counties $345,612.15 and 19 Montana counties $326,954.30. O. S. Fisher, who has been in charge of the office, has returned to Washington and A. B. Landy, North wood, who has been in charge of ap plication examination, will remain at the office until July 1, when it will close. He will make arrangements for collections on loans this fall. FREE MOVIES OFFERED Hazen, N. D., June 16.—A free mov ing picture show will be given by Hazen business men at the Hoodoo Theature Friday, June 20. Free mov ies every Friday and Saturday evening until Aug. 1, will be offered by the business men. 1 < Machines Credited For Higher Wages Chicago, June 16.— UP) —Since 1900, the National Association of Purchas ing Agents was told today, machines have displaced two men out of three, and left the third man earning as much as all three earned befOM. The statistics were presented by Franklin Hobbs, director of research of the Central Trust company of Illi nois. He added that each worker in the United States produces $3500 worth of labor product for his em ployer annually and gets $1,300, for doing it. This compared with $14)00 worth of product and $426 wages in 1899, he said.