"Pittsburg, Pa.: The Steel Trust has made a general reduction in the salaries of all its employees throughout the United States, which will decrease the wages of the worker from ten to twenty per cent, and affecting in the neighborhood of two hundred thousand men. It is estimated that this sweeping reduction will save the Steel Trust approximately twenty millions of dollars per year. Owing to the manipulations of the Wall Street schemers, this saving becomes necessary to keep the Trust in existence, as in the great merger of the several different steel companies, the actual valuation of the plants was increased one hundred times over in watered stock, so that it not only becomes necessary for those who do the labor to pay dividends on bona fide investments of the capitalists, but to pay dividends on watered stock criminally increased one hundred fold besides. This decrease in wages will cause great suffering among the laboring classes, for, owing to the increased cost of living caused by the raising of prices by the various food trusts, it is almost impossible for the ordinary man to make both ends meet. It appears to all thoughtful students of political economy that the object of those in control of the money markets is to limit the supply of necessities of life, so that the demand for them will force prices up, and, by decreasing production, will cause a superfluous quantity of labor, which, in turn, will force wages down. With cheap labor to produce, and a high selling price for the production, the trust managers and other financiers have easily solved the question of how to legally confiscate the wealth of the world." "New York City: A great war is now being waged between the rich tenement house owners and their poor tenants on the East Side, which promises to end in lawlessness, riots, and much suffering in consequence. It appears that the owners of these houses have increased the rents from time to time until they are now beyond the reach of the tenants' ability to pay. At least three thousand of these occupants have banded together to fight the last raise, while the landlords have also combined to evict them unless they comply with the terms. The tenants, who are mostly hard working laborers, claim that it is utterly impossible for them to meet the extortionate prices of foods, fuel, gas, oil, and rents, now being forced upon them by the financiers with the small amount of wages that they receive for their work from the industrialists, and if they are evicted from their present homes it is a problem as to what they will do or where they will go. The landlords claim that is none of their concern; that they themselves are merely following the system now in existence of getting all they can, through their property rights, according to the law of supply and demand. Some of them even claim that these tenants are nothing more than vermin, anyway, and that it would be well to push them all into the East River and exterminate them entirely."