1 1
iTHE OREGON DAILY JOURNAL. PORTLAND.
TUESDAY EVENING. AUGUST 25. 1908.
1 SRC
iu i i- - m m - - -
AMI-TRUST LAW
PARTY OAS FAILED TO
REPUBLICAN
ENFORCE
I
I , S 1 s
f.
1
i
William
clares
Have
With
Most
Gone
Although
I tvl iH'iai" .it
lowing Is M r
In full:
Nowhcte '
show Its leal
form more t lin
triibt question.
S the
III, 1,11.
I In I!!
Hen
, I'
ii). I:
is tin
platform :
"Tim Republican
Sherman hiiI I -1 rust 1
i ..! r t pn.-
.1
i w
. O i-t I i !
opposition ami nf '
rratlc dereliction. It
some liiKtruiiMiit f"
of a wise ami fear I
, ,1 II ill'. !
pS II
t I ri tl.
I
w I.,
, I.
n.
s.- admlnlst l t Ion
tout experience has sl.ossn
lllHt US -I
II. -4 illi'l IIS
I .!.'.
Hi,. r.-.i. i.,i
n .hi.! :
f ertl veness inn I"' sir. null
real objects hotlir attait:
amendments as will giso '
government Kn'al. i supers I
trol user, ami '
in. the management
j. i ...iii i urn ii'ii
.f that t lass "f "1 -In
Interstate -m -
Derations engaged
meroe
basing power an. I oppoiuinus m
' effect monopolies.
. The Sherman anti-trust law was passed
18 sears ago; it has a criminal clause
which provides fi penitentiary punish
ment for those who conspiic together In
restraint of trade' Kvi-r since the en
actment of the law, with the exception
of four years, the Republican lwtrt.s lias
controlled the exi-eutis e department of
tile gos eminent, ami. during two years
of the four, it controlled tin- house of
represenlatis es. Inst-ad of Dcinociaiic
dereliction, the lieiin.eratie party lias
been urging. y.:u after sear, the strict
enforcement of that law, mi. I the Kepuh
liean parts lias 1 -ii explaining year
Hfter year "why it was impossible to en
force it. Instead of being a 'shole
Bome Instrument for good." it has he-n
almost useless, so far as the pi ..let ion
of the nubile is run. . t tie. I. for the trusts
have grown in number. In strength, ami
in arrogance, at the cry lime wln'ii the
Re-publican party was In .ast ing of Its
enforcement of the law. The I trust
whs formed iniuie'diaioh.. aft. -r the . lec
tion In lffUO. and a Jirominenl Ki'-puhliean
Bald, In a speech hooii after, that It
might have prevt-nted a Republican s It -tory
If it hail been formed before the
election.
Trusts Wot Disturbed.
Most of the trusts have never been
disturbed, and those ttiat nave neen
prosecuted "have not had their business
seriously interrupted. The president
has done something toward the enforeo
' merit of the law, but not nearly enough,
and the Republican leaders have thwart
ed him at every point. Finally the pres
ident became so exasperated that he sent
to congress a message which shocked
Republican leaders by the fierceness of
tt.8 denunciation of the predatory inter
ests. The very convention that spoke
in its platform of the administration as
"a wise and fearless one." svas com
posed largely of the senators and mem
bers of congress who boldly opposed
every effort to free the people from the
clutches of the favor-seeking corpora
tions. The Republican platform savs that
experience has shown that the effective- t
ness of the anti-trust law could bet
strengthened by amendments which willj
give the lederal government greater su
pers isioti and control over, and greater
publicity as to. the management of
those itivstate commerce corporations
which have the power and opportunity
to effect monopolies. That is all. No
pointing out of remedies; no outlining
of a plan for more effective legislation
simply a general statement that prom
ises nothing in particular. And Mr.
Taft's speech of acceptance Is even
weaker 1 1. an the platform, lie gives no
evidence of basing studied the question
or of comprel, ending the iniquities of a
-monopoly. You 1. "k in vain in bis noti
fication speech for any sitrn of indigna
tion al m hat tile trusts base been doing
or for e lib n- of z..il In their prosecu
tion. IP- ha;-" t'.r Mv.-ral years, been
the intimate official companion of the
president, loir ' 1 . atiirht none of the
fire wh.-h tie president manifested
in his message f i.tst Januarv.
An Aroused People.
It irr th.
pie, -ua! ii
Rei'.iblieai
;,ns 'oc of an aroused peo
the bent of a campaign, the
pniis contents iiself witn
I'lat! cfvni on tills subject,
a coioi less
what can we
it v ss neri t h
xpe, t in tin way of activ
ik iu a s of the campaign
If. ss !.. a Mi Taft is ap-
are passe, 1 .' 1!
pealing to the
his d isoussion .
less iiie! his ir
apathetic what
pec) either ill."
. v. It Republicans,
subject is so life
so iipoiogetie and
on h a i e we to ex -the
enforcement of
les m the search
In
the lew t-r e.-irn.--for
ath.' 1 1 : e, 1 1 i, nn
It, Us p -I.
ago ii n la 1. 1 la ;p.r. h i.
sug f -1.- I t .ia 1 the
amend, d nr to i . :
Btraii.t f : . eh
would be as a 1 s.jr.l
the lass a.iil.sl !
law ' o . ;i .- . s i ! , w
.hurgla is n ' i ', i r !
or t ook re "l e t o , li
his i', t n i i h ,n H"
tiOllH 1 lie lH..".
would ma k- ,,'), h
sered al o,
an. 11. lacs
pttsent li
ven r
Taft
Mr
i- he ii"
!.! " l e
tai men t
limit to
ii'S the
,ali 1 ss .j
II- t 1 ' i
,nd 1 ,
i-sts lia-
Wl'C I,
.1 111.
at
v p.
-U'-'g
heca
without a.hllpc to t! S ;,oss . r of . ..:,gr
to p.ies. pt tr.'T" p"l- - It ss-ouhi ,l.-;o
the states n; tl..- ics.r to j.iote.-t 1!
own people
Now let me .-nptrast ',1 e h'riir., r,
platform with !' I pn a r. piat.'..
Nowhei. is ii,.- t.ifft '.ii e :., th. irp ;
of dtnnr.k' v..' .. -r : s m ' i-:i
fest. .,r r I " --
and !ti' le; hh W . o. n', i - : ' .
the S'lgorou r !',: , pmi.i ,f t
inal law afsa:t.st g,.:.l' v i t iiium
and off), ials. an t ti. ir and : e epa "p
of su'-h addr I'.i.a 1 1 k ' s . . t ., p s r
te necissars' t make ;' a-;
a private tre-op , v i., ..x't
United States ,f,.'M t'. a,h
retnelies. we spi . :fs the I
lit pi. scnting e. d.p!h u...". of
t
lh
:lri a
tor? emopg coir. p. t ir. l' .cp'oati,
ee i.r d license s it. , uhi'h s
with. :t at ritlg'.ng th- ;.c t of
to . t . at. co pcr-a or i:
s h stat
-:eht t.,,
ratioi s ,
s. nuk- I
rl-c c ,
t ta t e ,
re n . t , a . : m , f :
dclr. l-'.ti! , o within
It To C. V 7 r , f .
trsc'r.K ,,'p,:ii '.:!, op,
CTT,n,'-. ' t. Kf i-V
before 1' .,' t.. j . -
up
I
t-
at re 'p h s v
In ri.i. :.
thf pn-s.r-
t"
T --or.,
pr. I.
IHO'.ftilt Iff , . , ,r
I'Mle 1 M . - t :
Uir.ft f a t '.)
ell to 11 .pan
the o.irtrv on !
ir
i"
t
1'
- MUtfta alloman. f ,.. , . f f-.r
rtUon."
U P1?""' "'d". ttement of
. r ...j. I-..H1..P l.jsn nulh.
no ealon, t. ., .mu-ni. a m.
TT te t knt In the
"f,7 otn t :taa by riumaim.
Jk'tU- are so. . rs ,wv buT
e4 !'- Tt-. aiect thefiret
f" It'lMTM
. rr.t la )jt a "Vrtrk - Rub well
wi'h K.'i Lfaiett eM na
f T ht the -rr-ohi. It win
ar r-f at enee. ei4 r kkjdarare Drt
Jennings Bryan De-
of Monopolies
On and On
Restriction
Law is Plain
' 1 : i 1 1
.11,
I"
I :
I It.
Y I
i 1
if
h u inn n
jii. illf. I
ext rn -
ss i . 1 1
I.
n.en li
,,1 none sul passed and
with
hunts 1 1 1 res fi li t . he express.
Lie onposltloll to e ei s fol in
1 unaller-
nf private
loaoiols The student of history will
I in I
mat upon tins subject, as upon
subjects of gosernment. the great
'.the!
f..!i,.b: of the liemocratlc party took
),; position upon the sld" of the whole
p .j.'e and analnst thoso 'ho seek to
make a iu is ate use of government, or
strise in secure special pi iVtleges
t'e exp use of the public.
ut
1 has" In dincuRslr.fr the tarifr nues
ti"t,. pi-Miited otie of our remedies,
'ini, h. the removal of the tariff from
j imports which compete with trust made
fronds. This, we believe, would greatly
i ! s.-en the extortion practiced by thei
irusm and bring about the dissolution
of many monopolistic combines. Hut
I we lire iini satisfied merely with the
'. .ss-ning of extortion or with the disso
lution of some of the trusts.
1 Heca ise the private moimnoly is inde
fensible and Intolerable, the-Iiemocratie
.'halts fasois its exterm Ina'lnn. It
. pledges itself to the vigorous
n fore
I p . ni of i hi- crlmli.nl Law ngalns
t t rust
. ii. agnates and officials. It Is
Ifnpossi-
hi- f,.i the H. publican parts
i-nforce
'.he present
criminal law against trust
...fielals:
these officials are intimately
cotiiie. te, with the Republican parts- in
ih. present campaign. Take for i ri
ddance, th- chairman of th- ltepuhll -an
- p aker's committee. Mr. Impont of I 'el
aware. !! is the .b fen 'ant in a suit
tshich tin- iv, aliment brouuht and is
I'
p l'OSoe , i t I P g. .IIP. Mlp. 'Ill IS Clliirgeu
slth violation of the anti-trust law.
Why rhould he be put on the executive
ciup.mitt.e and then be given .ntr"
I of Hie speaking part of the campaign'.'
If you talk to a Hcpiiblicap lea.ler ationt
penitentiary punishment for offenders-.
In. favors fining the corporations on the
ground that It Is impossible to t oris let
individuals, hut when you urge fines
sou are fold that fines are unjust to
innocent stockholders. We favor bol h
fine and imprisonment, but sve think it
is better to prevent monopolies than to
first authorize them to prey upon the
public and then try to punish them for
doing so. Mr Taft favors control of
trusts instead of extermination, but
after years of experience the people
have learned that the trusts control the
gos- ernmen t.
Our platform does not stop with the
enforcement of the law; it demands the
enactment of such additional legislation
as ma be necessary to make It Impos
sible or a private monopoly to exist in
the United Btutes. ''
Denouncing Wrong-.
The Democratic parts- does not con
tent itself with a definition of the
wrong or with a denunciation of It. It
proce-ds to outline remedies. The first
is a law preventing a duplication of di
rectors f.mong competing corporations.
No one can object to this remedy unless
he is In sympathy with the trusts,
rather than with the people whonre vic
timized by the trusts. There is no
easier was- of stifling competition than
to make one board of directors nerve
for a number of competing corporations.
It -is not. necessary for corporations to
erter Into an agreement for the re
straint of trade if the corporations can.
without violating the law. reach the
same end by electing the same directors.
'I'he second remedy Is one upon which
I desire to dwell at some length. We
believe It to. be a simple, complete am!
-isily enforced remedy. As stated in
th- platform it is:
"A license system which will, without
abridging 'lie right of each state to
create corporations, or Its right to regu
lite as It will foreign corporations doing
business within Its limits, make It nec
essary for .i manufacturing or trading
i orpornt ion r r.gaged in interstate com-nu-ioe
to iak. out a federal license be
fore it shall be permitted to control as
much as 25 per cent of the product In
which it deals, the license to protect the
public from watered stock and to pro
hibit the control bv such corporation of
more than u!i per cent of the total
amount of any product consumed In the
I'nlt'-d States."
Car a With Platform.
It will be noticed. In the first pla-e.
that ere sv s tak"n bv those who drew
the platform to provide that tber.
shoultl h- no abridgement of the right
of a s'.it- to create corporations, or of
Its riHit to regulate as It ssill foreign
corporations doing business within its
limits This plan, therefore, does rot in
the least Infringe upon tin right of ilie
-tot'-s to protect their OSV11 people It
-imply provides for the exercise by con
gress'of th- power est-d in it to r-gu
'.at- Interstate l oiiinn i.e. As long as a
orpora'ion conlltrs Itself 1" the state
I i wt.ii h it is cteated. congress .an not
Ihh.'f-ie ssith It. but sv! en th" corpo
ration engages In interstate commerce.'
, , ,,,c,ess the oplv pow-i that can reg- I
l i ' - s II; ' "IS' a I" In : si I"?"
!'
prop,
r. tne
-i p c the e . pel sc of
I'-mn. ratio pl.'1'form s
. ss .lo. trip- Ir: .!ar i
I"
i:
tn hous
1 e-I '
n'a-j
il' Ul I
If 'I
it h
111,
it-I Si.
s , 1 p 1 S t .
had I p
The I j,
I w I.
, pi- P
t fii'-1
' t!
i rs
' ' I n
ie;ds
ril'" 111 '"I t I
rf'i! to
.'I- ft
rn pt
'.'C'V
' -C ii
I)
!-( 1"
prod
led t s
or
it. v
t ger t
1 1 .
piid -. t ion et: i.e. 1
oar r lar -css -rr
fr-.e
We svnnl 'K nape it i . n - ,
,-t oration m use the n- ;
of interstate . ommerc'1
im '
! re
tal
ie
..-Vie not of a nrnni.nn mtlP ,
Snrely no party tan ronsist
aim to be nppcised to prisate inn.
t!
.p-lies
h'..h will permit th" inter
pleads to he used to farry out
gns of a monijiolv, or which
i'
s ':' pe-o :t the Interstate telegraph line
t,, be ued to incense the rjr of a
prisate monopo. or to tnalc the ra
tronaer. rjo parts con con'
to S oppA"'4 to th trul
t r. ' I s . l :
mhlrh
allow the mtllnpr-f
th
I'nited Ftntett
the ierm1ntltfrf of eofT'tl'lon Cnit-
ara ha alradY eercie1 this power
t" extertninate '.exteriea. trttr not x-er-i
tt to make private tnonopolle Im
P"tble 0a-ree Mm ewet.
If it la ron--l that fnrfrm h
tv-. Kir Xts prerent the ahlnmeat f
awvla frrwn one ata,e te another when
nek A h I rrmm m t 1 m u r A . i ,
mcr t-funet VMe aad evmmmtx the:
D4
III I v. v x x I
i lilt .J V i M 9'M C I v?K - tV-Oie- T
YS ft
i:w 'rTTArry-' -r- V-V,, Mali iJ
tVilliam Jennings Bryan, Who Scored the Trusts ut the Kern Notification Ceremonies Today at Indianapolis
I :
the only question is as to the means to
he employed to prevent such shipment.
TUa licerse system presents an easy
way of regulating such corporations as
need federal regulation. The law can
prohibit the doing of u tiling and im
pose a penalty for the violation of the
law, but experience has shown that it
is very difficult to gather up evidence
from all sections of the I'nited titates
and prosecute a great corporation so
difficult Is it that, although the Sher
man anti-trust law has been in force
for 18 years, no trust magnate has been
sent to the penitentiary for violating
the law, although in a few cases the
court has found corporations guilty of
a violation of the law. In the enforce
ment of a penalty, the government must
seek the defendant; by the use of the
license system the corporation is com
pelled to seek the government.
Defining- Trust.
A trust can best be defined as a cor
poration which controls so large a pro
portion of the total quantity or any ar
ticle used in this eouuus h.s to be able
to regulate th price and' terms of sale,
and as the proportion controlled deter
mines the power of the tiust for harm,
it has seemed best to use proportionate
control as the basis of this plan, and J5
per cent has been fixed arbitrarily as
the proportion at which the line should
be drawn. A corporation which con
trols less than 25 per cent of the prod
uct In which It deals may in extraordi
nary cases exert a perceptible inflt.. n. e
in controlling tiie price of the product
and the terms of sale, but hs a rule a
corporation must control more than that
percentage of the total product beioi"
it can xert a hurtful i p f i lcnce on trade.
I'm lor this plan the small corporations
are left entirely free and unhampt red.
jnis is nor a discrimination n-aiiisi the
latter corporation, but
t lie fact t hat rules a re
case of i orpoi ations c.
fi'g.-iltio
f
e NO-.-ssa i y in
'"iitrolliiiL: a 1
Iu -t whP-h arc
if smaller corj
1 per c nt of
in i n t ' t t a t . ,
ire to take o
c i"s-n,iy t.o
t I;
percentage ,.f 1 1,,. ,,, ,,
lie, essa I S 111 I he .US.
Hons. J'robably not
corporations engagi'd
m." or. would be ic'in
II, cnae under this nla
"f 1 per ii t- u ri l
et sshut
plot.
t "li the t en. a in I m,' ! pel"
l.nl 111 tie ,u ,..ir, ,,,.. .
.the ,H se Of t lie 1 I I .p ,,,
Prevent Growth.
tit
S o'J
lb
The Lcecr.,. hos.cr. t",
St Pt '.- '.;i ,, t h ..I I ' ,. ,
1 -'!-.: i .
I I e
1 1 1 .
f th.
tic in
I"
t
tO .Se
the
Mi
'I aft
h
all' ii
.t . a
c,t , '
Ja 1 (.'.
I..
to ,irts
own: n g a ia t j. p.,
oip i n g ;i ii art:,
of the . o .nt rs
Tors, at a low
..id : it anot!
1- re it has
s pej ; ;
and i. p, ; o
er prt of
none nt a
prit this is es hie
ing ar unlawful m
e that
l s
p'
ens j.'t ion undT t
antl-lrist :
If such an Act In row
in' Ire so frigl.tt tied at
gis-ns to the smH ,-oiei
p n I a w ;
n ,ie
tr-tc,r r
P ' n te t ion Jte
t r
hi- s ;
ent law I? that It
es lls at whhh IT
does not
-.1
II" '"l-.l in lie
I emo. rat
I
...
br;r,g th corporation un.l
velliance of the gosernment ti
has reached the dangei point
thereafter sahjectt" it to federal
tins The present law idrr.pls pi
Its It in an indefinite sort of wa,
tt-n IfHSu the officers of the ia'
in 1
' ;h
"1 r fiur the rojr.tr' aid hunt op so;,
tlonA of the law a prcrTisloriA Mr Taf
is iinduly aUrru'd at th) proriai. r.
elae h entirely fallt. to comprr hen-j t ,
details f the Jp lan lie (art
Taft'a Words Quoted.
To auperrlee the buaineAAf rnrne.
raiinna ia turn a - as to r tr.
of c6mnoditle and compel the a
rn -
! At
such price la ae atjrd and HitU.lrh
a plank aa was ever inserted In a
Demorratlc political platform"
Ao4 ret this eenUare is ttmr. . th
aaane rararpn will the sentence enm,
vote4 In which he er)re that it t
evei
Tea .bow riolatiea A the . ghernvsa
nva a I
ee..' ,'.sr! fVV! ..Vv JJ
anti trust law for
tempt to destroy a
at a low and unpi.
a corporation to a
eimpetitor lis- sellir.-gi
ntilbl- price where il i
has competition, r.t
i at an ex orbital
prp e where it has
no competition. la
plan more sa.eial
sshlch Mr. Taft In
the fad that our-!
! what respect is om
, isiio. than 1 he rda n
dorses? Mciels in
can be enforced.
According o Air
I aft a logic,' a plan IS not social jstic
sshieh Is not ef fi . tive, but the same
would he socialistic if made effective.
Why should a corporation supplying 2 0,
(iiai.iMit) people for a corporation con
tinuing 2a per cent of the total product
supplies one fourth or more of our
population should such a corporation
be permitted to sell at one price in one
part of the country and at another price
in another part? What reason can l
corporation base for such discrimina
tion? Prices are not made as a matter
of favor; when a big corporation sells
lo the people of one section at one pi i e
and the people of another section at an
other price the i osl of transportation
I being taken Into consideration there is
i a reason for it. and in almost every
case the reason Is to be found In the
effort to destroy a competitor One of
the most familiar methods of the trust
Is to undersell a small competitor in the
small competitor's territory the price
being maintained elsewhere until the
small competitor Is drl'.en to bank
ruptcy and then the price is raised.
That has been done oser and over
again. It Is open and notorious, an!
yet, svltji the Republican party In com
plete po-tver at ,'ishmgton. sv 1 1 it effort
has been made to prevent this
iieiiieds, although sehementlv dc
I bv Mr Taft. ssill a;. peal to the
man as not only v. iv salutary. I
1 net e.ssai y.
EpotLgTi Control.
T! is
ir- d
1 1 1 : y pi cut is rise.l s th- tpaxi
rniip. iltiiit -'i,.'ii a orporat p.r. .on-
ll"ls ."el per C'-l t of the total lo.i.c l.
I ' SUp ll'-S a iiiiipPui, ,,f .."pe
st ,' ii i p., i r '"hp t Is t ri.T p,.' i' ,'nrh''
M i Ts, ft "l.j. , th.a to tins I p. t.,t on
' IP hiPill he ' P I racteliZ. '1 HS rtat'-S-
ipaphk'- He savs
"A , or; or a ' jori , on t rol 1 1 1 g 4 or 5n
, "Pt "f th,- irodiiiiiT in i , In ssell
k.'.p'.sp tri'-t:.,' p t r---; il'-n 1 1 - e:;f. r a luo-.-.
-t ,.p a -., i s- a " p .. . ' , a p p. ' : ), . p in a
; a: ' , "ip' re a- " m p I t r. as if R
' l-'-l1"! ' 1 ' " p. T ' I. 1 Pel ' of
','. i p.. p - p.- p. ' P', P s-- a hiw'-
:., -i v "P c t . ; . .. p c ' ; ' ' v. ' ' do. s
' re: s-.e.'-' :p- as . rn a x ' rica in '.'
I : cp p. .' 1 .- , ' ' p ,p,'i. 1!im-
' p p. an . f : p.. I ., s
' , ,. t .'. i ,.: ' he
.cs ;. : -. ; r : us U'.as
. m. t ' o.ls
, . .....' s. ;p .g ,.f
.;..' k . ! th"
; . , r i p , , , . ' s. . ' . " A r-1 s '
, " , ' " -,s we pp .pec.
- . . . . -1'' 'b ""iini .
.! . I a .(. I it i I s t ' .
. , I . "fa ft is f at
- . : t". j'.g '" d s
. s s , r . : a- t . M i p tl '1st 10a t
-,'.,. . t 'ipi t ti ;- II"
, . ,, p.. . -pe pt l.- r i g w a r P i p t s
i - 1 : t p . ep p s I pll'l't'-'i thin h, t. doe
. p i .. ,t t: . e-.l'.s to be remt'i' 1
., e ii -.' rrnie.pes sa '. "
' . ' ": ' ,'on i f -apital i-. Iart
-1 a r f
g - d r
t A ie-'
Jaa ; T s ii
an-1 np
ssrs p.
a m.i
lap..! ,nl Ir
Id l.
HO
I at erf ereaee.
a. ids
tha'
re gas e rr.n.er, t Ahouid not in'er
wlt' op. a-i- more tbsn the otVr.
a . h ei reca ticns of rapttl ie
Ima-e ari.1 are properls' ontrolicd
it. y hi- the naturaj reAults if
- . r'erprie and are beneficial to
pjhl.c
cne '(.pnnti to lr.tfrfere with
iT-f.r. or. a ia:a Kile No on oh
rr. production on a -Al suffl-
fpt.t
'!!
largt to erLSble the producer to
hv-produets and take ads an 'See
"f
f rf- esirif.m that large troduc-
'"-. m(A roeslhi It is Just here
'.hat the trust matrrsatee attempt ie
tti puhlic mlB4. and Mr Taft
unrorpual- adopted their la-
ar.AMF
I i (he lAfue be matt fsletn j M the
Otrtine-ttntl b aeearately itrtan: let the
-.T.r ti Mttlnai ef tare rertfee
f uie naeretooe. . Th fAwiwratt
e-fT
oe sot tFfiof ail CorperaUtma,
on the rontrary, it recognizes that the.
corporation can render ,an important
service to the public. The Democratic
party wants to employ ever y Inst rumen-
talitv that can be ' employed for the
! advancement of the common good; but
the Democratic party draws the lino at
j private monopoly, and declares that a
private monopoly can not be justified
j on either economic or political grounds.
From an economic standpoint, a
monopoly is objectionable. The moment
a corporation secures a practical
monopoly in the production or sale
of anv 'article, certain evils appear
whioh'outwelgh any good that can come
from Iarire production or control. Wher
ever private monopolies exist, certain
I, i . si st ible tendencies manifest them
selves. Klrst, it raises prices this is
the first thing thought of for the in-
.n'.'.slMr. of profits. Then, in propor
Hon as It becomes the only purchaser
of the raw material. It reduces the
mice of the raw material, and the pro-
, in. or of that raw material, having no
other market, must accept the price
offered. In this way. too, the profits
of the corporation are Increased, iiiiro
a reduction In the quality of the prod
uct affords an opportunity for Increas
ing profits. Fourth, reduction in wages
follows wherever conditions will per
mit.
Protect JPurohAser.
Competition protects, the purchaser,
for when a number of independent pro
ducers stand ready to pupply hirn with
what h- needs, lie can choose between
them and buy from the one who offers
the best product at the losvest price,
lie Is also protected In quality because
those, who compete for the opportunity
to sell to him mil ft show either ad
vantage In price or advantage in qml
Its Competition protects the man who
produces .raw material, for when there
ar. a number of bidders for that which
is being sold, he can accept the high
est price offered. Competition also
i eti.s the w aire-earner. for his skill Is
The finished product
which he offers
noon tlip mar
of indeneiideiit industries are endeavor
Ing to secure the highest .skill, the
skill-i laborer has the best assurance
of obtilnlng a fair recompense; when
Hiere is but one employer, the employe
no s- take the price offered, because
h- will lose the adsantasre of his px
,.,'..,,,. if he must go out to find n
I f!, rem kind of employment,
i The business men of the country
i.ni.. f li the pressure of the trusts.
The r'tailyx has been compelled to en
ter into contracts which , restrict his
n-ar.ag. ment of his own affairs, and has
found the terms of sale and payment
'hanged to his disadvantage and he
has beep forced to carry more "an !
Irnr.ie of the rtska'of trode. He is ron
1 lnoed that there are po good trusfi
and l"fij(t his oulv safctc is in the Iem
o -ratio plan which lays the axe at the
root of the tree.
The traveling men naturally take
sp r ial Interest in the trust question,
be a ise the more tomplete the monopoly
o .col I s a corporation the less thry
are n'-ed-d We have no more Intelli
gent lass than the representatives of
commerce, and their retirement from
the road would mean a serious loss to
the country hlle a f-w promotors
- would h the onlr persons benefited.
thes gaining hy the spits Illation of the
salanes sasrit br the elimination i f i
competition.
Son BOarepreseatatloaa.
Mr Taft either misunderstands or
m Isreptresen t s the fiemocratle position
In regard to the extermination of the
principle of private monopoly. In, his
notification speech, he says
"Mr. Roosevelt would compel the
trusts to conduct their business In a
iasful manner and secure the benefits
i of their oferatlon and th maintenance
: of th prosperiry of th country of
' whUh they are an Important part;
; ebiie Mr. Bryan would extirpate and
' destroy the entire business In order to
stamp out the evil which they have
prarticert."
Here is a confession hr n r Taft that
he reps rda the trusts a necessary to
the nations prosperity, for he declares
that they play an important part la the
maintenance of prosper) ty. jtd he
rher see that t wold 'extirpate set) de
stroy ' buaioee it) extirpating and de
etroyle; th principle of private motvp
elv, Pveeir. fit ttdy ef the f mat i'ies
troa fa a be-n very superficial, if fee,
Vigorous Reply to Taft Show
ing Absolute Failure of Re
publican Party to Curb
Inroads of Monopoly
and Corporation Greed
sees danger In the restoration
of
reign of competition.
Demand. Honest Basis.
Let us take an II lust rut ion : Suppose
the Democrats succacd in the enactment
ol tt law in harmony with the. Iieino-
cratic platform a law requiring every
corporation to take out a federal license
before It Is permitted to control 25 per
cent or the business in which it Is
gaged. Would this "extirpate and
stroy" the business of the country?
already stated, but a very small
cent of the corporations would be
en-de-Aa
per
af-
footed by the law, and those affected
would be the ones that have been giving
the officers of the hisv so much trouble
during the last 18 sears. As the li
censed corporation Increased its busi
ness from -a per cent to 50 per cent, it
would be under the watchful eye of the
government, would be compelled to
make such reports us the government
required, would be prohibited from wa
tering its stock, and would be required
to sell to all customers vjpon the same
terms, due allowance being made for
cost of transportation. Would It "ex
tirpate and destroy" business to require
these licensed corporations to do busi
ness on an lioin st basis and to be rea
sonable In their business methods?
Would not the benelit accruing to the
US' small corporations thus protected
from conscienceless 'methods be enough
lo offset any evil effects that might fol
low from such restraint of a few big
corporations? Is business so dependent
upon dishonesty and unfairness that it
would be "extirpated and destroyed" if
morals ssere introduced Into it? When
the licensed corporation reached a point
where it con t rolltyi one half of the busi
ness in which it was engaged, it would,
according to the Democratic plan, base
to stop expanding. Would it "extirpate
and destroy" business to put this limi
tation 11:1111 the greed of a few corpora
tions? Siir-ly out plan could not injuri
ously affect corporations ihat might!
hereafter seek to establish a inolirtlruily.
Hut possibly Mr. Taft thinks rifht It
would "extirpate and destroy" business
iu appiy tne plan to existing monopo
lies. Dot us see: Suppose sve have a
corporation now. controlling To per cent
of the ,nit.pui of th- article iu which
It deals, un.l through this control, reg
ulating the jo b c ami the terms of sale.
Ilow would, the Democratic plan aflect
II? A utile would be tixeti at which I lie
law would take effect, and on or before
that date the cot ooi at ion would be re
quired to apply for a license. The evi
dence would show that it controlled
a larger proportion of the product than
the law permitted, and it would bo com
pelled to sell off enough of its plants
to reduce its output to SO per cent of
the total' product. It could then com
ply with the law, obtain its license, and
proceed to carry on Its business in ac
cordance with the law. Would it "ex
tirpate and destroy" business to compel
such a corporation to tlispo.se of enough'
of its plants to reduce its production
per cent? The p.-opl- would still!
need te article which it produced, and
the plants which It was compelled to
sell would become Independent plants
competing with it
'I his competition
would reduce prices,
prices would lncrcas
the article, and this
would simulate tins
and the reduced
e the demand for
increased demand
building of more
factories and gisr a larger employment
to labor. The restoration of competition
In that industry, Instead of "extirpating
and destroying" the industry would re
vive and enlarge It. A part of the bene
fit would go to the consumers in the
form of a cheaper product and a better
product, part would go to the producer
of raw material iu the form of a better
price, and part would go to the wage
earners in the form of better wages.
The only persons to lose would be the
trust magnates, who would no longer
be able to collect dividends on watered
stock by controlling the market. When
the subject is analyzed it will be seen
that Mr. Taft must either be in dark
ness as to Hie remedy and its effect, or
he must argue that the introduction of
morals Into business would "extirpate
arid destroy" business.
TaTt Does Hot Distinguish.
I have quoted and requoted Mr. Taft's
language because I want to impress
upon the minds of those who listen -to
me the absurdity of the objection which
he raises to the Democratic plan of ex
terminating monopolies. He falls to
distinguish between the honest business
that makes ri country prosperous, and
the brigandage practiced by private mo
nopolies. The people have been robbed
by the trusts to the extent qf hundreds
of millions a year, and if Mr Taft is
not yet conscious of what it going on,
and not yet aroused to the iniquity of
these trusts, bow can the country hope
for relief through his election-'
The Demooratic party Is th" defender
of competition and the only gnat partv
which Is seeking to restore competition.
Mr Taft has, in the discussion of this
question, ernplosed harsh words Instead
of argument. The word "socialistic" Is
hurled at the Democratic party ami the
Democratic platform. N'osv. as a matter
of fact, it is Mr. inns party and not
the Democratic party which has given
ncouragement to socialism, ssntie pro-
fesslng to abhor socialism, the it. pub
lican part-- has gone half way town rd
ism in indorsing lis runiiamenta,
principle. The Socialist bases his con-
ti.nt on on
tne r neory inai .ainip-i 1 1 .on
bad. and that an economi- a.tsapce is-
to be foimd In monopoly i ne rvi pa i
however, war's the public to base the ,
KnAOt of the monono S' anfl. T lie re T O re
n.M'srnnent . I w tsersti 1 IS rl'irt oiwr. !
1.1 ' tl rA..ulie ,,f nrililiii'linn :tn.l i
J .. ,.' ,tim. ports of eight countries base been
distribution. I t jsifc 1 From Seattle the cruiser ssill
JtepnbUcanlam and Monopolies. proceed to Portland, them - to sa 1
The Republican party has gone r,l- Francisco, and thence for China to take
most as far as the Socialist partv in up Ftatlon duty The Puglia ssill re
the economic defense of the monopoly. main here four davs.
A Liquid Powder, for the Fac,
possesses all the advantajfes claimed for the dusty powders
and paints without any of their annoying: features.
liagan's
Magnolia Balm
Is a clear, harmless liquid powder that Instantly removes
Tan, Sunburn, Redness and any discoloration of the Face,
Neck. Arms and Hands. Its use defies detection. No lady who
values her personal appearance can afford to be without it.
Prepared in two colors PINK and WHITE.
Sample of either color free, or buy a lar-e bottle for 73
cents at your drUjf gists.
IVCJX MXrFACTVKRJ CO , 44
but It peitnlts the benefits of monopoly
to he enjoyed by a comparatively fee
men. who have secured a dominant In
fluence In the Kovrrtmient 1 beg to
cull Mr Taft's attention to the fact
that the Republican party has stimu
lated the growth of socialism In two
wus-s: Klrst. by the Indorsement that
It has given to tlio theory that trusts
are a natural and necesnary outgrowth
of our economic conditions, and, sec
ond, by permitting the development of
abuses which have been charged
against Individualism. If he will ex
amine the vote published In the World
Almanac, he will find that In 1000 the
Republicans polled 7,203.244 votes and
that the Socialists polled but 5.991; In
the same almanac, be will find that in
1904 the Republicans cast 7,626.49
votes and the Socialists 402, 2S6 Not
withstanding the fact that the Repub
licans have boasted of their last na
tional victory, their party polled but
417.0UO more votes that year than four
years before. This scarcely more thnn
covered the natural Increase In the Re
publican portion of the population,
while the socialist vote increased, more
than three hundred per c.ent, and tho
Increase In votes was almost as great
as tho Increase in Republican votes.
Bnser at Socialists.
The Republican leaders have been In
the habit of sneering at the, Socialists,
while blindly indifferent to the causes
that base contributed to the g-owth of
socialism. The Democrats recognize
that Socialists are honestly seeking .1
remedy for the "known abuses'- ad
mitted by Secretary Taft. Democrats
dissent from the remedy proposed bv
the Soeili I ists, helies-iny; that Socialists
arc mistaken and that the Pemoointio
reme.lv Is better, but It Is time for
thoughtful people to recognize that in
dlsMualivm can only tic retained and
defended by remedial legislation which
will i"iuise the abuser! sshi-h have been
fillhsvvsil to fust. n 1 l.eipsel is upon the
ooiintiv. The Ileum, i a I lo patty, belles -Ing
m individualism, addresses itself
earnestly to these abuses, and instead
of ridiculing and maligning the social
ists, invites them, as it does Republi
cans, to examine the Democratic plat
form and the renieili'-s propose.! there
in It submits its plans to He honest
i ifzensl;in of the country, without re--;artl
to section or parts.
In mv notification speech 1 called at
tention to three d-mamls made by our
parts. It asks, first. tht the i:overn
in. uit shall he taken out of the fiands of
spci Uil interests, ami restored to tho
people as a whole; it asks, second, for
honesty In elections niid publicity In
regard lo campaign funds, that the peo
ple may freely choose t e presentatis us
In ssmpathv with them and pledged to
guard their interests; It asks, third, for
such fl modification of our govern
mental methods as will make the senate
nn elective bod v. rind place the control
of th- house of repr-s-nta T iv.-s in the
hands of a majority of its members.
A few days ago. in ! is.-;:.ss i the tariff
question, I dwelt upon the fourth de
mand made bv our parts', ii.-iin.ls-. tha'
taxation b,- just, that the rev. nue laws
be made for the purpose of raiding r. -entie
and not for the enrichment of a
few nt the expense of the many, and
I hat the tariff law be supplement-d bv
i an Income tax which svlll
more ncirls"
eqiiallze the government s burdens. To
day 1 present another demand made In
our party platform- the demand
that
that
the
the
the
the grip of tlio trusts he broken,
competition be restored and that
door of opportunity be opened to
business men and the toilers of
land.
Industrial Independence.
Industrial independence is necessary
to political Independence The free ex
ercise of the rights of citizenship is Im
possible when a few men control the
Industries In which millions are em
ployed, (iod forbid that we should com
pel the svage-earners of the nation to
address their petitions to trust mag
nates, and ask for their dally bread.
Already we have seen how prone the
monopolist s to make employment de
pend upon the willingness of th- em
ploye to prostitute his bnllot to the
service of his corporate master
This question should he settled nosy;
sve cannot afford to bequeath It as a
legacy of woe to a succeeding genera
tion. The conscience of tile people Is
already asvak-ned, ami the conscience Is
the most potent force of which man
has' knowledge. Where lasy makes one
righteous, conscience controls an hun
dred, where one Is kept from wrong
doing by fenr of prlsori doors, a thous
and are restrained bv those invisible
w.-il's which conscience rears about us
barriers which 0 re stionger than
walls of granite. ii is upon the con
science that human Institutions rest,
and without a stirring of the conscience
j no great reform Is possible. To a na
tional conscience aiita.iv arouse,! sve
appeal, with the pledge that a Demo
. ratio victory will mean the ringing nut
of Itiflustria 1 despotism and the ringing
In of a rr-ew era In which business will
be hull! upon its rneilts.. and in which
men will succeed, not in proportion to',
the coercion thev mnv he able to prac
tice, but in proportion to their Indus
try, their ability ard their fidelity;
ITAIJAX PRriSKT?
NT.LTA AT SEATTLE
f t'utted Prosa I.eno1 VTlre.i
Seattle. Wash., Aug. ;." - The
a r
r he
rod cruiser Puglia. n ship of
itatiir. navv. noumi on a cruising
sov-Chi-thls
rul so
i"iu ... .-t.nu.n ...t... m
lies waters, ranched this port
i'"Jl U iiooi vautoot.i. ne
't' the Ihigtia
to Puppet sound bus con
la months, during which
Sl.med pearlV
I
1
toeta Fifta St.. BtOOtLTX. X Y
J