We are not doing as much business as In 1892. no sale. Wages have been reduced 50 per cent in the past year. Our hands are living on what they saved during years of prosperity. Cost of living has decreased in past year 20 per cent. Present depression is due to the threat of tariff legislation. let the tariff alone. Oar raw materials are logs. Our goods are necessities. We pay the rate of 10 per cent on loans. Immigration stimulates building. Our labor is onethird skilled. Reduction of duty on goods must be met by shutting down and staying so.
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Immigration