The Grady County progress. (Cairo, Grady County, Ga.) 1910-19??, January 27, 1911, Image 3

Below is the OCR text representation for this newspapers page.

THE POWER OF MONOPOLY And Its Exercise Not Contrary to the Laws ol the Land, Is the Trust’s Contention. ' Now comes the tobacco trust be fore the Supreme Court with the declaration that there is no law against the monopoly brought about by the inherent power of wealth. It is a most interesting defense, and is also set up by Standard Oil. Here is n Bimile to the attitude of the tobacco trust: Suppose there aro twenty ci/ar stores in a town: The Supreme Court acknowledges that you haye the right to own ono store, but that I have tho right, also to own nine teen stores. But have I the right to buy all of the\cigarsin existence, oven if the effect of my purchase would be to force you out of busi ness? “Yes,” declares the tobacco trust, 4l if a concern has the monoy, it has the right to spend it in any manner it may desire.” The Supreme Court, however, then comes back at the trust by »sking “if wealth restrains trade, does it violate the anti-trust law?” The court, speaking through its chief justice, Mr. White, put the following to attorney Parker: ‘ ’Sup pose,” said Mr. Justices, White “that a man had, say, $100,000,000 in a strong box. Then, suppose that he took out $10,000,000 and invested it in this business, and that he took out $10,000,000 more and invested it in that business, and so on,until these investments put him into complete control of anything. Wov 11 you say tin t this was the mere power of money, or would you .•say that it was the exercise of the power of money? ’ ’ “Surely the rich man must not be forbidden to engage in trade, merely because he is rich,” was the answer of the trust. The chief justice then propounded ‘smother question: “Suppose,” said he, “that a man with $100,000,000 invest his money in such a way that no common sense mind can fail to aee that by his investments he has made all human competition impos sible. Is the result due to the power of wealth, or to the exercise •of that power?” Again Mr. Parker answered that the Sherman law does not seek to limit fortunes, nor to forbid the use of wealth, no matter in what amounts, in trade. “But,” said the chief justice' “if a man is so rich that by distributing his wealth in investments he ex cludes everybody else in the world (from a business, would that be monopoly?” . “Under the law, no,” answer Mr. barker. It is the claim of the trust, and this is the basis of their defense, that a corporation may do by pur chase what it may not do by con tract, and that this is merely the <tidinary, natural and inherent power of wealth; that there is no law prohibiting the size of wealth, and that, therefore, the power of wealth, when so exercised, in prac tically unrestricted. The government answers this argument this way: First, that it does not rest its case on the ground that the inherent power of wealth has caused these monopolies, but contends that there has been pitent, conspiracy, aud many acts to ex clude less powerful individuals from the field; and second, than even if the monopoly was the result of purchase under the inherent;power of wealth, the government does not admit that it would be legalized monopoly. Slaton Would Like to Go to Senate Atlanta, Jan. 23-John M. Sla ton, president of the state senate, is ELLAGRA NOT DUE 16 CORN Illinois Board of Research Has so Found—Corn, In None of Its Con ditions, Causes Pellagra. Springfield, 111., Jan 23.—In- idfan maize or corn, of the variety Illinois grows, is in no manner responsible for pellagra, the mysterious disease which has perplexed the medical men of many countries, according to the first report of the Illinois Pellagra Commission. The commission will ask the legislature for a fifteen-thousand dollar appropriaton to continue its research. The importance of the commission’s report lies in the fact that it contains infor mation that corn, in none of its conditions, is the cause of pel lagra. Illinois is the first state to re cognized pellagra as a disease offically, and make official in vestigation of its origin. The outbreak of pellagra in the Peoria State Hospital for the insane a year ago caused Governor Deneen to name a comission, empowering them to make the inquiry. The experiments made were largely negative. r Georgia Briefs J) 15 DAYS A new Greek letter society has been organized at Brenau College at Gainsville with a membership of Georgia representative girls, Fire broke out in the old build- of the Atlanta Journal Friday No damage. Origin unknown unless it was some of Dick Gray’s left behind editorials. Edward Walker, the Bibb, county farmer, was convicted Friday of murder and sentenced to hang on March the tenth. He burned his wife to death last August by pouring gasoline on her clothing and setting it on fire. Savannah now has a full fledged band of Boy Scouts. It was or ganized by the boys department of the Y. M. C. A. Friday night at Bethesda aroun i a camp fire after a ’possum hunt and after the .possums caught had been baked with sweet potatoes an eaten. Only two months before he was to be married, Robert A. Blanchard, a wellknown south ern Railway employee of Atlanta dropped dead in his office in At lanta Thursday while at work. Mr. Blanchard is a nephew of A. W. Blanchard, of Agusta. The funeral will be at Washing ton, Ga., Captain A. W, Force, super intendent of the Confederate Soldiers’ Home, has been fired by the board of trustees following a despute which the superinten dent had with one of the inmates, M, C. Few. Force beat him over the head with a stick, it is charged. Captain J. W. Hudson, of Marietta, formerly a captain in the seventh Georgia regiment was elected to succeed Captain Force. The latter has been sus pended ever since December the fourth: As the winter will soon be over, and I have a good quantity of winter goods left, and instead of carrying them over for next year, will offer these winter goods at Sacrifice Prices Thus enabling me to also make room for my big line of Spring Goods, and at the same time sell you bar gains, the like of which you never received before in this town. Some of the small lots of goods, odds and ends will be sold cheaper than they are quoted in this circular. This Sale Will Positively Last Only Fifteen Days. • / < Beginning Jan. 21 and Closing on Feb. 4, 1911 the latest man who has been seriously mentioned as a candidate for the United States senatorship in June to succed Hon, J. M. Terrell. With a cheerful frankness not often en countered in the best of politicians, Mr. Slaton admitted that he would like very much to be United States senator, but would not announce until he had some indication that others beside himself, and numbers, wanted him to fill the chair. Mean while Mr. Slaton is a candidate for re-election to the state senate. The United States senatorial race is fui- ther complicated by the probable announcement of Herbert Clay, of Marietta, son of the late Senator Clay. This makes seven numes talked of. Do Not Miss This Great Opportunity and Come and Get Your Big Bargains. ABE POLLER CAIRO, GEORGIA. . hibAJm* Our motto; is to sell absolutely the Finest Quality Obtainable for the money invested in each article we have. This statement is well borne out in our big stock of the FINEST FURNITURE. 1 | Our prices are as low as the lowest and are our be£t business producers. We Sell for Cash or Credit. Our terms are liberal and you pay for anything in our store so easy you hardly know it. WE DELIVER THE GOODS anywhere within a reasonable distance, WATCH OUR ADS each week.