Newspaper Page Text
VOL. VII.
LABOR AM) INDUSTRY
SOME ITEMS OF INTEREST TO
UNION WORKMEN.
Superiority of Amerlcau Workers—Some
Commendable Tilings Done at the Con¬
vention of Machinists—lie Sure Right
Before You Go. to Cuba.
Uncle Ike on Foreign Missions.
So you're wantin'- my subscription tor the
missionary cause,
And you say that Uncle Ike is one o'
them that never Jaws
When he's asked to do his duty, sendln'
out the gospel light
To the far-off, savage^ heathen gropin' In
tlie gloom o’ night.
Yes, I've done my duty, Parson, payin' all
that I could stand,
For "from Greenland's icy mountains"
and “from Indy's coral strand."
I could hear them heathen callin' for the
gospel's savin’ power,
And the missionary service seemed a
blessed, holy hour.
But this year It seems so dlff'rent and
things seems nil turned around.
And old "Greenland's ley mountains” has
a queer and funny sound;
For them heathen don't seem willin' to
be gospellzed by us.
And we've got to chnnge our methods
and we're in an awful muss.
And it seems, we've been ml (taken and
have lost a .lot o', time, might In
And our sentimental foolin' fact
be called a crime;
For a hundred years' of preachin' 'pears
has done but ,l!t»le good
And our missionary teachers might ns
well been sawin’ wood.
While our pious Yankee preachers with
their blbles and their schools
Count a hundred Christian converts made
by simple gospel tools.
England with her shells and cannon on
rich "Indy's coral strand"
Counts her millions and repeats it down
In "Afrlc's golden sand."
This I’ve getherod from your sermons
and from ones I seen In print.
And I guess our "scribes and elders"
have at last took up the hint
That the big commercial bosses that are
usin’ English means
Have been givtn’ them list lately over in
the Philippines.
So no missionary money comes this year
from 'Uncle Ike,
Only what he pays as war tax. No. I’ve
not "gone on a strike.”
But If Gatlin guns Is better than the
story of the cross.
Then your missionary preachln’s nothin’
but a wicked loss.
No, I'm not a glttln’ stingy on the mis¬
sionary line.
For I’m jayln' more'n I used to, but this
queer old heart o' mine
Goes out more to them "home missions”
that are doin' all they can
To convert our llghtln’ Christians to the
brotherhood o' man.
—George McA. Miller.
m -
American Superiority.
The recent orders for American iron
bridges for the Soudan, and American
locomotives for railways In England,
given against British competition,
have caused the Englishman to stop
and take his bearings—find out where
he is at. Mr. Barnes, secretary of the
Amalgamated Society of Engineers,
has been issuing to the press state¬
ments showing that English output
cannot be increased at present, and
that all the orders given to American
arms are simply surplus. But what
Mr. Barnes does not take Into consid
eration In his statement Is the fact
that English mechanics working the
same number of hours per day and
the same number of days per month,
don’t accomplish much more than half
the work done by American mechanics
in the same time, not to mention the
loss of time by numerous holidays.
Marshal Halsted, American consul at
Birmingham, England, In a report to
the State department, points out that
the American workman should not fall
Into the error of the foreign workman,
but should hang on to what he has
gained abroad, for England is on the
fair road to taking all that America
can deliver to her. Mr. Halsted says:
“Some time ago,' when reading in
American papers the accounts of the
annual meeting of one of our national
labor organizations, and noticing the
friendly way in which British labor
leaders were received, I hoped, yet did
not at the time feel that I dared ex¬
press -the hope—it is so easy to be
misunderstood—that all the views of
these British labor leaders would not
be accepted by the American workmen,
and that their Influence would not have
a pernicious effect upon our industries
as my observation here leads me to
believe they have had on their own
British industries. Now that our ex¬
port trade has become so important a
factor in our prosperity American
Rhpr unions will find it, I believe, to
their <jvn advantage to consider care¬
fully the ett et any union act may have
on that tr.de. It Is a tribute to the
faithfulness and energy of American
workmen t( it American manufactur
ers can coii ete in the world’s market
while payiii for the highest priced
labor in thiivorld, but this is at the
same time cheapest, for American
workmen and give good value
for the mone^liey receive, taking few
holidays, and do not shirk during
working hour
Muchlot’* Convention.
A few daysygo the eighth biennial
Eession of the'nternational Associa¬
tion of Machlni.- ordel was held at Buffalo,
N. Y. The th\^vantages flourishing, and the
reports show of organ¬
ization in a stn^ light Sixty-nine
s r M HH o o 73 a
DEVOTED TO THE INTEREST OF JOHNSON COUNTY AND MIDDLE GEORGIA.
WRIGHTSVILLE. GA.. THURSDAY, JUNE 1899.
lodges were organized in the last two
years, and 8,629 names were added to
the roll; 125 lodges gained an increase
in wages of 10 per cent; 35 prevented a
reduction averaging 10 per cent; 42 pre¬
vented the introduction of the running
of two or more machines; 32 prevented
introduction of piece work; 39 secured
time and a half for overtime, and
double time for Sundays and holidays;
22 prevented a reduction of overtime
from time-and-a-half to time-and-a
quarter and single time. Nearly an
lodges secured benefits to machinists
in unionising shops, regulation of ap¬
prenticeship questions, recognition of
shop committees, etc. There was paid
in sick benefits, $11,053; loaned to
members, $3,806; personal loans to
members, $2,838; paid in local benefits,
contributed to local lodges, to organ¬
ization other than machinists, $12,
981.62; hall rents, salaries, supplies,
per capita taxes, etc., $108,161.56; funds
in local treasuries, $47,793.70. This is
a good showing, and of itself proves
that the machinists is a business or¬
It took action at the meet¬
ing that even more strongly proves
that it is in the field for business pur¬
poses only. The old-time secret work
—ritual, manual, etc.—was almost all
abolished, and, as one delegate ex¬
pressed it, ‘‘the usual socialistic reso¬
lution for the ownership and control
of the universe was sand-bagged.” I
have repeatedly argued that the “se¬
cret work” of most trades unions is
one of the things that keeps men from
joining them, and I am glad to find
my opinions on this subject shared by
at least one of the great unions. And
when the machinists "sandbagged” the
socialistic resolution they simply but
decisively announced that their organ¬
ization is In existence for certain pur¬
poses, and that support of or hostility
to economic or political theories is not
one of them.
He Sure You’re Right Before You Go.
Many mechanics are considering the
advisability of seeking employment in
Cuba and Porto Rico. Those islands
hold out great possibilities, that will
be realized. But just now they are no
place for a man who does not exactly
know what he must meet, one who is
not sure that his Income will enable
him to pay his bills and lay up some¬
thing. Here is a case in point. Eight
Chicago plumbers are hammering away
at pipe and dabbling In solder down In
Havana, and spending their leisure
time in writing letters to their friends
at home, bemoaning their luck. The
eight went to the Cuban metropolis
about April 1, under contract with one
Connolly, a Chicago man. Connolly
agreed to pay their transportation
there and back and to pay them the
union scale of wages—at that time
$3.75 a day. With visions of a happy
life in tho tropics, where no one had
to work hard to save oceans of money,
they departed. The state of their feel¬
ings at this time may be explained by
the following abstract from a letter re¬
ceived from one of them the other day
by Secretary Ben Abbott of their
union in Chicago:
“I guess we are up against it, good
and plenty. We didn’t do so well as we
thought when we signed that contract
with Connolly. Board Is $10 a week,
and pretty bad at that, and we find that
a bunch of plumbers from Denver and
New York are getting $6 a day and
board and lodging. We have asked
Connolly for our return fare, but he
won’t give it to us, and I don’t see how
we are going to get it until he gets
good and ready. We are working in
a building erected In the year 1600,
which is in a fine state of repair to
this day. It is very close to where the
Maine was blown up. Connolly prom¬
ised us work for a month, but, as It is
a $35,000 Job, I think we will be here
for some time—getting $3.75 a day and
paying $10 a week for bad grub.-is
so homesick that we expect him to
jump off the dock any day and try to
swim to Tampa.”
Healing by Color.
This novel system is a mode of heal¬
ing which is much vaunted in certain
quarters of India. This may be called
^“color istering healing.” It consists in admin¬
water in glasses of different
colors, from which color the draught
obtains its properties which are mag¬
ical in their effect—provided the pa¬
tient is endowed with sufficient faith.
Water in a red glass will cure-epilepsy,
insomnia, nervous diseases, the plague,
fevers and agues, and half a score of
the other diseases which mortal flesh
is heir to. In a blue glass it is a sov¬
ereign remedy for the palsy, for falling
sickness, for typhoid and for numerous
other allied and nonrelated complaints,
while in a green glass it is a specific
for other complaints, and in yellow for
yet another batch.
An Awful Fling*
Mrs. Styles—Fd have, you understand
that I know a good many worse men
than my husband. Mrs. Myles—My
dear, you must be more particular
about picking your acquaintances.
An Unpleasant Thought.
Fred’s Father (sternly)—My boy, you
don’t know the valilB of money. Fred
—Yes, I do, father; only t don’t like
1o thjnk about It, I
IS NOTHING WRONG?
REV. T. DE WITT TALMAGE ON
MONOPOLY.
A Sermon Filled with Hot Shot for the
Plutocrats — Monopoly the Brlbe
Glvcr, the Thief, the Wholesale Op¬
pressor.
The Rev. T. DeWitt Talmage weekly
preaches to a larger congregation than
any clergyman on earth, owing to the
fact that his sermons are published In
full by thousands of American newspa¬
pers. One of the great dailies that has
not failed for years to print Talmage’s
weekly sermon is that bulwark of plu¬
tocracy,'the St. Louis Globe-Democrat,
and the following extract from one of
Rev. Talmage’s recent sermons was
clipped from that paper. Never before
did the Globe-Democrat admit to its
columns such a scathing denunciation
of monopolies and the monopoly rule
which it is that paper’s chosen policy to
uphold. /
Rev. Mr. Talmage said * *
‘‘In the first place, lr : aark: There is
a greedy, all-graspll lt , monster who
comes in as suitor seeking the hand of
this republic, and that monster is
known by the name of Monopoly. His
scepter Is made out of the Iron of the
rail track and the wire of telegraphy.
He does everything for his own advan¬
tage and for the robbery of the people.
Things went on from bad to worse, un¬
til in the three legislatures of New
York, New Jersey and Pennsylvania
for a long time Monopoly decided ev¬
erything. If Monopoly favor a law, it
passes; if Monopoly opposes a law, It Is
rejected. Monopoly stands In the rail¬
road depot putting Into his pockets In
one year $200,000,000 In excess of all
reasonable charges for services. Mon¬
opoly holds in his one hand the steam
power of locomotion, and in the other
the electricity of swift communication.
Monopoly has the Republican party in
one pocket and the Democratic party
in the other pocket. Monopoly decides
nominations and elections—city elec¬
tions, state elections,national elections.
With bribes he secures the votes of leg¬
islators, giving them free passes, giv¬
ing appointments to needy relatives to
lucrative positions, employing them
as attorneys if they are lawyers, carry¬
ing their goods 16 per cent less if they
are merchants, and If he find a case
very stubborn as well as very Import¬
ant, puts down before him the hard
cash of bribery.
“But monopoly Is not so easily caught
now as when during the term of Mr.
Buchanan the legislative committee in
one of our states explored and exposed
the manner in which a certain railway
company had obtained a donation of
public land. It was found out that 13
of the senators of that state received
$176,000 among them, sixty members of
the lower house of that state received
between $5,000 and $10,000 each, the
governor of that state received $50,000,
his clerk received $5,000, the lieutenant
governor received $10,000, all the clerks
of the legislature received $5,000 each,
while $50,000 were divided among the
lobby agents. That thing on a larger
or smaller scale Is all the time going
on in some of the states of the union,
but it is not so blundering as It used to
be, and therefore not so easily exposed
or arrested. I tell you that the over¬
shadowing curse of the United States
today Is Monopoly. He puts his hand
upon every bushel of wheat, upon every
sack of salt, upon every ton of coal, and
every man, woman and child In the
United States feels the touch of that
moneyed despotism. I rejoice that In
twenty-four states of the union already
anti-monopoly leagues have been es¬
tablished. God speed them in the work
of liberation.
"I have nothing to say against capi¬
talists; a man has a right to all the
money he can make honestly—I have
nothing to say against corporations as
such; without them no great enterprise
would be possible, but what I do say is
that the same principles are to be ap¬
plied to capitalists and to corporations
that are applied to the poorest man
and the plainest laborer. What is wrong
for me Is wrong for great corporations.
If I take from you your property with¬
out any adequate compensation, I'am a
thief, and if a railway damages the
property of the people without making
any adequate compensation, that Is a
gigantic theft. What is wrong on a
small scale is wrong on a large scale.
Monopoly in England has ground hun¬
dreds of thousands of her best people
into semi-starvation, and in Ireland has
driven multitudinous tenants almost to
madness, and in the United States pro¬
poses to take the wealth of 60,000,000 or
70,000,000 of people and put it In a few
silken wallets.
“Monopoly, brazen-faced, Iron-finger¬
ed,vulture-hearted Monopoly, offers his
hand to this republic. He stretches it
out over the lakes and up the great
railroads and over the telegraph poles
of the continent, and says: • “Here is
my heart and hand; be mine forever.”
Let the millions of the people north,
south, east and west forbid the banns
of that marriage, forbid them at the
ballot box, forbid them oh the plat¬
form, forbid them by great organiza¬
tions, forbid them by the overwhelm¬
ing sentiment of an outraged nation,
forbid them by the protest of the
church of God, forbid them by prayer to
high heaven. That Herod shall not
have this Abigail. It shall not be to
all-devouring Monopoly that this land
is to be married.”
The editorial columns of the Globe
Democrat and every other plutocratic
newspaper in America habitually de¬
nies that there Is any foundation for
such Populistic talk as the above by
the great preacher. Yet a large major¬
ity of the voters, and thousands of Re¬
publicans, will affirm that all of Tal
mnge’s charges against monopolism arc
true, and that the situation is fully as
serious as he represents. The asser¬
tion of the monopoly-owned daily
newspapers that ‘nothing is wrong” is
not accepted by the masses of the peo
ple.
But what is to he done? Can Dr
Talmage and the rest of the America!
citizens reasonably expect a political
party controlled by such bosses at
Hanna, Platt and Quay, and which In
eludes in its membership every largt
monopolist, to destroy monopoly? Car
we expect any help from the pot-hous*
and gambling house politicians of Nevi
York and Chicago, by whatever polit¬
ical name they may call themselves'
Shall we allow Wall street to draft th«
plans for our campaign against mon¬
opoly? Pin
Such men as Dr. Talmage, Gov.
gree and Mayor Jones of Toledo all
vote the Republican ticket—as yet. II
they are honest and Intelligent men
they can never vote it again, as the
monopoly control of that party Is be¬
coming too apparent.
Next year is destined to he a Populisl
year. The anti-monopoly forces will
not everywhere carry the Populist flag,
but the battle all along the line will bo
for Populist as against plutocratic prin¬
ciples, with Bryan as the popular lead
er. And it will be a winning fight.
The tactics during the coming year o(
the combined usurers and trusts will
make a political ground swell inevi¬
table.
Civilization's Weak Spots.
A Polish laborer in Honolulu writes
a socialist paper in Austrian Poland
how he and forty others fell
the legal slavery—sanctioned by
U. S. senate—of the Sandwich Is¬
labor liws. The German agents
at Bremen, he said, sold them to the
Austrian consul at Honolulu. When
they proved unable to do the work they
were imprisoned. On the plantations
they were starved, housed with the
horses, beaten and driven back to work
by dogs. The men beg to be rescued.—
London Clarion.
Lawrence, Kan., has just been touch¬
ed lightly on the fifth rib again by the
trust. They had a horse collar factory
there. The trust ‘offered to buy the
owner out, but being an enterprising
gentleman who still believed In com¬
petition he refused to sell. He pro¬
posed to do business In spite of the
trust. He would show them a few
tricks with holes In them, so he would.
And In the midst of his defiance the
trust gently but firmly laid him down
upon his back. In other words, after
the gent refused to sell to the trust,
he could buy no more material to make
horse collars. So he had to close up,
and didn’t get a cent.
The National Harness Review of Chi¬
cago, May 13, says that a large traffic
has grown up In England in tanning
human skins for belts, card cases, etc.,
and is obtained from the unclaimed
bodies of the poor. Here is an open¬
ing for the American capitalists. Many
people suffering from an abundance of
prosperity produced by competition
might get a few pennies by selling their
hides. And we live in the most civil¬
ized epoch ot the world's history!
Perhaps the reason why Aguinaldo
and his Filipino brethren kick so hard
against the march of civilization 1b be¬
cause they see poverty, starvation,
dTudgery, the vagrant’s cell, drunken
ness, crime and prostitution Coming
hand in hand with It—Pueblo Courier.
The Wrong Pig by the Ear.
The statesman was In an agitated
frame of mind.
So was the exploiter.
Both paced uneasily up and down the
corridors of time. a
“What’s troubling you?” asked tho
statesman.
The exploiter leaned against the wall.
‘‘The unemployed!” he gasped.
The statesman turned pale.
“What of them?” he cried.
The exploiter recovered the use of
his limbs with a mighty effort.
He said:
“What will we do with the unem¬
ployed?” bitterly.
The statesman laughed
“You’ve got the wrong pig by the
ear,” he replied. “What will the un¬
employed do with us?” -
The New English Policy.
The British government has given
an American firm the contract for a
large bridge to be erected in the Sou¬
dan. All the locomotives for that coun¬
try will be built in American shops.
The process of making America the
“workshop of the world” and England
the paradise of the rich is setting in.—
Appeal to Reason.
A TRUST OF TRUSTS.
NEW SUBSIDY BILL A GIGANTIC
STEAL.
It Will KnrleU the Great Corporations
by Hundreds of Millions of Dollars—
A Hanna Republican Plan to laoot
the United States Treasury.
The ship subsidy bill, fathered by
Senator Mark Hanna and Congress¬
man Payne of New York, was favora¬
bly reported to both the house and
senate of the last congress, the
lican managers are committed to
passage of the measure, the daily
has been muzzled by the great
porations whom the bill will enrich
hundreds of millions of dollars, and
large portion of the Republican
paign fund Is to come from the
source. The provisions of the
posed subsidy law are thus
ized by the most influential labor
ganizations engaged in the
ing trade:
The Proposed I.aw.
‘‘The Hanna-Payne hill, officially en¬
titled S. 5024, is one of the most un
American bills ever presented in the
Interest of foreign corporations, being
practically a free-shlp bill, with suffi¬
cient Americanism held in reserve to
enable its progenitors to loot the
United States treasury, and even bar¬
ring itself from being compelled to em¬
ploy American crews. It asks for the
admission of foreign ships to our regis¬
try in the ratio of two to one; it asks
for a bounty to owners of these for¬
eign built vessels of the larger and
swifter class of approximately 4%
cents per gross ton on every 100 miles
sailed, leaving a small inducement to
the owners of lesser craft.
"Its provisions would debar the ships
constructed by its requirements in
American shipyards from employment
in our coasting trade, and the bill Is so
covertly worded as to mislead all but
those who are thoroughly acquainted
with matters marine, and is intended
for the beneflt of gigantic corporations
4
which are largely alien. * * * We
denounce in the most emphatic terms
the bill commonly known as the Han¬
na-Payne shipping bill.”
Endorsed by Hanna's Ohio Convention.
Yet, this infamous measure was en¬
dorsed last Friday by the Republican
State Convention of Ohio. The in¬
dorsement misrepresents the measure,
and Senator Hanna engineered the
scheme. The exact words of the reso¬
lution are;
"For the National defense, for the
reinforcement of the navy, for the en¬
largement of our foreign markets, for
the employment of American working- 1
men In the mines, forests, farms, mills,
factories and shipyards, we demand the
Immediate enactment of legislation
similar to that favorably reported to
sach branch of the Fifty-fifth congress
at Its last session, so that American
built, American-owned and American
manned ships may regain the carrying
bf our foreign commerce.”
In this resolution there Is a delib¬
erate concealment of the facts which
the labor organizations engaged in the
ihlp-bulldlng trades have set forth.
In detail, the principal evils of the
Hanna-Payne ship subsidy scheme are
is follows:
A Billion and a Half In Taien,
The bill provides for a subsidy or
bounty to ship owners which, during
the life of the franchise—20 years—
will amount to so'methlng like one and
ane-half billions of dollars. The pres¬
ent tax receipts by the United States
government are about one-half billion
dollars or about one-third the amount
which it is proposed to give to the men
whose vessels shall fill the require¬
ments set forth in the proposed law.
And right at this point the monopoly
feature of Senator Hanna’s bill ap¬
pears:
The Monopoly Feature.
It provides for a government bounty
U(mn each mile traveled by the ships
which meet the requirements of the
law, the rate to be proportioned to Yhe
size of the vessel and the rate of
speed, BEING GREATER FOR THE
LARGER AND FASTER SHIPS. This
would exclude all sailing vessels and
the small steam vessels, and concen¬
trate the entire ocean trade of the
United States In the large steam ves¬
sels owned by the gigantic corpora¬
tions which combine the railroad busi¬
ness with that of steamship lines.
Then with the competition from
small corporations effectually shut off
by the discriminatory rates in the sub¬
sidy law. the whole carrying trade on
land and sea would, in the hands of the
few corporations, soon be merged into
what may be very properly termed a
trust of trusts in freight and passenger
transportation. The btlllon-doUar
steel trust is a much more difficult
combination to effect.
The Friz* at Stake for Monopoly Baron*.
In the ship subsidy bill the prize at
stake for Senator Hanna and the other
monopoly magnates is so mammoth in
its propprtions, and if secured will, in
combination with the other trust of
trusts which will result if the proposed
law for a banking monopoly is passed,
lead to such far ; reaeh!ng results as to
make all lovers ot popular government
NO. 15.
shudder. If this consolidating process
through private corporations ever goes
so far as the passage of the ship sub¬
sidy bill and the bill for branch, banks,
the result will be that to protect the
ensuing monopolies, '.he men in charge
of them will, aided by the governments
of Europe "to protect investments,"
take formal possession of our govern¬
ment. IT IS INTERNATIONAL LAW
THAT A FOREIGN STATE MAY, AT
ITS DISCRETION, ENFORCE THE
CONTRACT RIGHT OF ITS CITI¬
ZENS AGAINST ANOTHER STATE
OR ANY PORTION THEREOF. In
pursuance of this provision of inter¬
national law, Egypt is being managed
bv an English army for the benefit Of
humanity, of course, and the taxes col¬
lected are turned over to the Roths¬
childs and their fellow monopolists.
India is likewise managed by the Eng¬
lish, and the French government has
several pieces of territory in its hands
as receiver for its Monopoly Barons.
Germany is likewise in the control of
the money power, and Russia is fast
extending her power through financial
operations in China. A combination
of these foreign powers can so back
up the monopoly power in this coun¬
try that the government can be held
firmly in hand even to the extent of
declaring invalid the election of a
president and congress pledged to cor¬
rect the monopoly abuses. All that is
necessary is that these foreign states
declare that the contract rights of
their citizens are in danger of being
violated.
Tlie Jgftue.
Is it not clear that every American
should turn in and strive to de¬
Senator Hanna's ship subsidy bill,
Hanna's bill for branch bafiks,
the retirement of the greenbacks and
the turning over to the banks the en¬
tire power to issue paper money and
withdraw it, and help to defeat the ex¬
isting combination of trusts and other
monopolies fostered by the men whom
Mark Hanna, as campaign manager,
placed in power at the last national
election?
The Ohio state convention, with Sen¬
ator Hanna in command, declared in
its resolutions for: "President McKin¬
ley, the best exponent of Republican¬
ism and true American ideas and poli¬
cies, the friend of every American In¬
dustry, and the wise and patriotic de¬
fender and advocate 'of honest money.
Under his splendid Republican admin¬
istration the prosperity of the people
has developed, ' our commerce has
grown great, our trade, domestic and
foreign, has increased to a degree
never before known, and the people
are looking with confidence for greater
things to come.”
Note well the conclusion: “Are
looking forward with confidence for
greater things to come.” On tne other
hand Head Professor Small of the de¬
partment of Sociology in the Univer¬
sity of Chicago declared recently that
the remarkable growth of uncontrolled
monopoly is the greatest menace to
civilization since the Huns descended
upon western Europe. Practical busi¬
ness men, he says, are asking “where
will it all end? G. H. SHIBLEY.
Investor* Becoming Wary.
From the Denver Post: There are
already apparent encouraging signs
that the country has reached the flood
tide of the trust movement. Human
greed is destroying the gorgeous com¬
mercial structure which was being
built with such pains. To buy a prop¬
erty for $1,000,000 and then to stock
and bond it for $5,000,000 was an ex¬
ceedingly brilliant stroke of enterprise
so long as the investing public eagerly
bit at the bait. More and more daring
schemes were projected and more and
more watered stock was'issued, until
the public began to be surfeited. Later
the Investors will begin to look for
their returns, and they are not going
to come with the expected unanimity.
It Is true the trusts may control the
output; it Is true that they may,
through concentration, reduce the coBt
of production and raise the price to
the consumer as high as our protective
tariff against foreign producers will
permit, but in the end the matter must
regulate itself. The thousands of men
who are thrown out of employment by
the system cannot continue to be large
consumers of trust products, particu¬
larly those which are classed as luxu¬
ries. The very system Itself destroys
the consumers, which are so necessary
to its continued profitable existence.
When the Investing public gives the
trusts a cold shoulder, when many of
them realize they have been robbed,
when the consumers buy as little as
they possibly can (and many of them
even now cannot possibly help them¬
selves) there Will be a crash in “indus¬
trials.”
Clean Sweep Neeeuary,
From the New York Times: There
are trusts that are vulnerable and fit
for destruction. We refer to. the com
blnations that carry on business with¬
out competition under ‘the shelter of
tariff protection bought-of- a Repub¬
lican congress. They are the true oc¬
topus; they indeed are a public, enemy.
But it would be impracticable to sin¬
gle out these tariff-made trusts for.
campaign attack. The ax must strike
at the root of their life and strength—
the gold standard.