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About The Coos Bay times. (Marshfield, Or.) 1906-1957 | View Entire Issue (Oct. 25, 1907)
MHHB 'z&t&dZ THE DAILY COOS BAY TIMES, MARSHF1ELD, OREGON, IFRDAY, OCTOBER 25, 1907. ', n m PM TRUST BUSTERS FLAT COMBINES Mill I Charles Dawes Lifts Up a Small Voice To Say "Not All Are Criminal." .'LEAK IN SUPREME COURT 'Advance News for Papers Parsons, of Hoston, Speaks on "Trust Philosophy." Chicago, Oct. 24. Delegates to the National Civic Federation today eagerly discussed the remarks made at last night's meeting by ex-Comptroller Dawes of the treasury. Dawes made a sharp attack on the federal department of justice saying "Some of Its actions look remarkably as if favoritism were being displayed for the combinations." He said, "It is remarkable the cases handled by the department of justice arc always tried in the news papers before they get into the courts." He also criticized maga zine writers, who, he said, made a practice of attacking men who ac complish great things in the mercan tile and financial world. He then en tered into a defense of the financers of New York, asserting that many of them who have borne the lash du- ' ring the last four years, are doing '" ( a work for tho good of the country, tho value of which is hard to es timate. In conclusion Dawes urged an amendment of tlie Sherman anti trust law soon so as to avoid the im plication that all combines are of a criminal character. At today's session, Prof. Prank Parsons spoke upon "Trust Philosophy." .Chicago, Oct. 24. Trusts and combines are results of the action of tho beneficent principles of union nnd co-ordination. Industrial organ ization is almost as important as civic organization. Men united into tribes, states and nations, because combination gave them power for defense and civic action. And they learned to unite into great indus trial organizations because combina tion means economy and social bene fit. There are many cases on record In which combination in manufactur ers has saved one-half to three fourths of the labor and canltal re quired to yield the same product un der competitive conditions; and the savings will probably be quite as "great In commerce and agriculture when the Idea of combination takes possession of theso fields. Competition means economic waste, bad character product, and civic and social damage. For many years economists have recognized this in respect to natural monopolies such as water supply gas, electric light and transportation, and have declared that, whether In public or private hands, such services should be recognized by tho law as monopo lies and regulated as such. It Is now coming to be seen that this old principle long ago applied In Great Britain and other countries to these quasi-public services, should also be applied to monopolies by combina tion. The destruction of trusts and com bines is a false aim. In the first place it is impracticable. Trusts and combines exist in obedlenco to the law of Industrial gravitation, which outranks any law that congress or legislature can make. No practica ble legislation can prevent men from acting In harmony if they have tho aenso nnd character to do so. In tho second placo combination ought not to be destroyed, because it Is a social benefit. It Is not combination, but tho abuso of the powers of combina tion that should bo abolished. The real problem is to adopt such meas ures as will secure a fair distribution of the benefits of combination and provent tho absorption of an undue share of these benefits by a few indi viduals, or nny arbitrary or unjust jso of combination power for the private- purposes of tho controlling owners. The chief abuses referred to nro pyer-capltnllzation, excessive charges based on monopoly power or unfair mothods of crushing rival dealers, railroad rebates nnd favoritism, soil ing low In competitive districts while making high prices elsewhere, unjust treatment of Inbor, and political cor ruption or unduo pressuro on gov ernment or public authorities. Tho principal romedies that have been proposed nro: (i) Antt Trust legislation. Prohibition of trusts nnd combines. (2) Federal licenBi and incorporation with thorough supervision by national authorities and full publicity. (3) Graded taxation, putting n low rato on trusts and combines that open fbolr books to publio make low capitalization, reasonable prices, fair wages, etc., and a high rate on combines that refuse to open their books to public Inspection and oppose publicity, or aro tainted with over-capitalization, excessive charges etc. Men combine for profit. They combine now in anti-social forms be cause profit lies In that direction. Arrange your trust laws so as to break the connection between profit and anti-social methods and link los3 with anti-social forms. (4) Arbitration. We may require monop olies to act subject to boards of arbi tration having power, on appeal to fix selling prices, wages, etc. The protection which is afforded by com petition being lost, when, for the spka of econcmy, competition gives wa to monopoly, the protection of Judicial decision should take Its pif.ee. It is unfair for one part to contract to have arbitrary power to fix the terms of the contract. It is unfair for the seller of things thu people must buy, to have power to fix the prices of those things, and it is easily unfair for the public to fix the prices. The prices should bo fixed In case of dispute, by boards of arbitration representing all the par ties in interest, labor, capital and the public. (5). Administration by public officers, permanently under public ownership, or temporarily un der judgments for breach of law. When a corporation cannot pay its debts a receiver may be appointed by the court to conduct its business until It is on a sound basis. So It might be enacted that when a trust or combine is found guilty of violat ing the law, It could be put in chargo of a judicially appointed public offi cer who should use the profits to pay off excessive capitalization and re duce rates to a fair basis, and should ascertain and publish the values, costs and facts to the concern, and conduct the business, under the law and the supervision of the court un til it is put in every respect on a sound basis in harmony with the law and the public good. Over ten years ago the speaker presented the last three remedies to I the consideration of Henry D. Lloyd, Governor Altgeld, Governor Plngree, and other leading thinkers. They did not disapprove but refrained from giving such endorsement as would Indicate a sufficient vitality in the suggestions to make it worth while to push them. Ten years more of observation and thought, however, have Intensified my conviction that the first remedy is undesirable and Impracticable, the second excellent and easily pracltcable, and the other three probably also of much value though somewhat difficult of application. GAINS 25 PER CENT WITHIN SIX MONTHS Lakeview Increases in Population nnd Prospers Financially Too. Lakeview, Or., Oct. 24. Lakeview, county seat of Lake county, increas ed 25 per cent In population In the last six months, and now has about 1000 Inhabitants. There is a strong demand for busi ness blocks and residences, and were it not for the fact that there is a lumber famine more than a dozen residences would now be under con struction in addition to the several modern cottages now nearlng com pletion. As soon as the weather per mits work will be begun on the new $50,000 court house. Tho material Is now on the ground and there is a balance of $50,000 In the county treasury, enough to pay for the build ing. The price of livestock Is above the normal; grain and hay are In demand and the crops just harvested are abundant. The gradual approach of the rail road, which was extended from Made line, Cal., during the. last summer, and the probable "construction of an irrigation system that will reclaim nearly GO, 000 acres of land in Goose Lake valley, tributary to Lakeview, have caused an awakening in this section, and men of means are com ing here from California and invest ing heavily in town and farm prop erty. Lakeview Is at present handicap ped by lack of a lighting system. Only a few weeks ago the electric power plant on Pine creek, from which power for lighting purposes was derived, was destroyed by fire, and the town has since been left in darkness. There is, however, a movement on foot to rebuild the plant. SITUATION HELPED - BY BIG DEPOSIT Feeling in Pittsburg Greatly Ini- pioved by Cortclyou's Prompt Action. Pittsburg, Oct. 24. The financial situation In this city Improved iteadlly todny. The government de posits of $5,000,000 placed In a local bank as a precautionary measure, aided in restoring confidence In all quarters. None of the banks, how ever, requested assistance. Employes of tho Westlnghouse companies were assured today by the receivers that there will be no suspension of on- eratlons and that semi-monthly wages will bo paid promptly. Helps the Hanks. New York, Oct. 24. It was an nounced early this afternoon that John D. Rockefeller had deposited $10,000,000 with the Union Trust company one of tho city's oldest and strongest trust concerns and tho money Is to be used by that company In aiding trust companies in the situ ation generally. Gillette Found Guilty. Now York, Oct. 24. Tho Jury In the case of Walter It. Gillette, form er vice-president of the Mutual Life Insurance Company, who was charged with perjury, tonight re turned a verdict of guilty. The ver dict was accompanied with a recom mendation for mercy. Gillette was remanded until Monday for sentence. FITZSIMM0NS IS AFTER O'BRIEN Australian Declares He Will Slnp Enemy's Fnce the First TJmo They Meet. Lusltnnln Makes Another Record. Queenstown, Oct. 24. Tho Luslt nnla arrived here at 9:30 this even ing, breaking the eastward record of 5 days 4 hours and 19 minutes, held by herself. Her passago this time was four days 22 hours and 46 minutes. A. H. Eddy for plans and speci fications of your new hom. PRODUCE MEN TO FIGHT BIG TRUST Pittsburg Dealers Begin Suit That Is. National in Scope. TAFT CHEERED AS NEXTPR'ESIDENT Filipinos Give Great Demonstra tion at ilanquct in His Honor. Manila, Oct. 2 1. There was a great demonstration here tonight In honor of Secretary Taft, the occa sion being a banquet arranged by a committee compo-jed of members of the genernl assembly. The secretary was cheered for five minutes when introduced with the statement that "there is no man to whom tho Phil ippines owe more than to the fu ture president of the United States," the Nationalists being especially demonstrative. A silver loving cup of native make wns presented to the secretary, who, In expressing his thanks, said ho was gratified when he heard President Osmena say tho United States had kept Its every promise to tho Fili pinos, both In letter and In spirit. Ho urged tho Importance of educa tion, In order to overcome tho ten dency blindly to follow one man. It wns necessary to give all an equal opportunity, so that the son of the humblest person might aspire to the highest position In tho state. He was confident that tho nssembly would unlto with him to procure legisla tion to hotter existing conditions. He said It was Important to choose tho best men as delegates to tho na tional congress. Ho hoped for the ndoptlon of a tariff as low ns possible and a law limiting tho exports of to bacco and sugar to tho United States. This would do good nnd would pre vent tho formutlon of nnother Cuba, where tho absorption of energy In the production of one commodity means tho control of the mnsses by tlio few and Is not in the interest of tho government. Mr. Tnft said he was satisfied with tho condition of the Philippines, and solemnly warned thoso who mny nt- tompt a cleavage of two people now coming together. In conclusion the secretary tonstod tho prosperity and long Hfo of the Islands. At n meeting this morning of the carnival committee, composed of the leading business men and progressive citizens, Mr. Taft, In a speech, ex pressed his approval of the projected Island carnival. The secretary had n long talk with inspection, Agulnaldo this afternoon. Pltt-sburg, Oct. 24. Independent produce dealers of Pittsburg have be gun suit in their attempt to break up the alleged illegal combination of fruit growers and produce asso ciations of the United States. The suit was filed yesterday In the United States district court, and joining which W. H. Arbor, who started the fight against the trust, are others who charge that they have been blacklisted. The suit makes the case a national ono and paves the way for federal aid, which has been promised by President Roosevelt, who has referred the case to Attorn-oy-Goneral Bonaparte for Investigation. A surprise In connection with the suit is the making of the Elgin board of trade a defendunt. Every rail road entering Pittsburg is also in cluded, as well as all the big fruit and produce growing associations of the country. A. H. Eddy has been busy since oomlnE to town. New oottaso de-lgm. Moves to Daniel Creek. Mr. Charles Baldwin, who came here from Spokane three months ago and built a home In Railroad addi tion, sold out lately at a good profit and purchased an 80 acre farm near Daniels creek, where he moved with his family yesterday. Notice Hodmen. All members are requested to meet tonight, Friday at the of fice of Fanin & Farrln to con sider Important matter of propaga tion of the order, 7:30 sharp. Don't fail, this Is important By order of the Sachem. Attest G. N. Fnrrin Chief of Records. Price Ship Yard Lays Keel. Tho new Price ship yard has laid tho keel for a new ship. The feollng In Bandon Is very jubilant over the quick work of getting tho yard estab lished and ready for business. The ship to bo built Is ono to take the placo of that lost In the tiro in July. SaitMiIito Will Sail Saturday. Captain John Sarrlns, of tho schooner Sausallto, loading at North bend, was In Mnrshfield yesterday and Informed a Times representative that ho expects to clear for San Francisco on Saturday with a full cargo. LONDON PAST 7,000,000 MAltK Population of "World's Greatest City Shown in Census. London, Oct. 24. London, accord ing to a census Issued this week, has passed the 7,000,000 mark. Takes Itock From Base. Contractor Jacobson, who Is put ting In the government jetty at Ban don, has arranged a plan of handling the rock at the quarry to greater ad vantage. Ho has constructed a ditch from the bay to the quarry for scows, and takes the rock from the base of tho quarry instead of from the top as has been the custom heretofore. This arrangement saves much time and labor and expedites work all round. Mother's Club. There will be a meeting of the Mother's Club Friday, October 25, at 3 o'clock at tho Baptist church. All who are Interested aro cordially invited. The subject for discussion son, the colored fighter, Is the only at this meeting Is Parliamentary man In tho country today who has Rules. a chance against Jeffries. Pittsburg, Oct. 24. 'I will Blnp the face of Jock O'Brien and kick him into tho street tho first time I meet him, whether It be on Broad way or In a drawing-room." This remark was mado by Fltzslmmons nt the Pittsburg hotel last night. FltzsImmonB sa8 he will dovote tho rest of his Hfo to telling what he thinks of O'Brien because of the latter's statement about the last fight between Fltzslmmons and John son nt Philadelphia. Fltzslmmons says ho has sent word to O'Brien that ho will punch him on sight nnd that O'Brien Is keeping out of the way. The Australian declares that John- STfff Paid Life Insurance Mono;. W. J. Butler yesterday paid to Mrs. Kate Thomas $1000, which rep resented the full life insurance policy of her son Jesse Thomas, who was killed this summer at the Eaglo Poiir boom. He was insured in the Union Mutual of Maine. Carry the Largest Stock and Greatest Vanety of mattresses. At our factory on Broadway, Mar blifield, of any place in the coun try nnd to enable (he public to get the best goods nt the low est prices WE WILL CARRY A RETAIL DEPARTMENT entering our entire line. Special prices made to hotels and rooming houses. CALL AND SEE US! . IT WILL PAY YOU! E&: Coos Bay Bedding & Uphofstery Co. COOS BAY ACADEMY OF MUSIC Students may graduate In Tdo, Piano or Pipe Organ. Rapid and thorough method for beginners. Claoooa la Harmony, Cornterpolnt, etc., vocal sight reading and piano ensemble. Singers coached In oratorio opera, or concert work by the director. ELMER A. TC DD, CConndl Bidg., Marshficld I .1-4 JL0CMCI Combination Coal Land Farming Land. Purt of the land in high state of cultivation. About 200 acres bottom. Good residences. Total of 1100 acres nt S02 per acre. Two nnd one-half miles water front. Fhe miles from Mnrshfield. I' you are iicquniiit.-d with prices jou will snap this. If you re interested we can show you. H raglw.v,nKgxraPW EXCLUSIVE AGENTS FOR Chicago Belting Company SEA LION Water Proof Leather Belt RELIANCE Oak Tanned Leather Belt Rubber and Canvass Hose Packing Wood Pulleys Shaft Hangers Wire Lace Belting Steel Pulleys Shafting Lace Leather Belt Dressing EKBLAD (& SON, Hardware -. SfrtgTl3ffl I TmflWTffiTfTIBiV "WWJI-'wpMr"-!- v -w JHUGjfr' mi biMMMHMMHttflHBhgw