Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1844-01-30

| Uoaru OF directors; ana Wnen these persons
are judiciously selected Ind faithfully fulfil
their trusts, the capital can be more safe
ly and economically loaned and managed
than it could possibly be by the respective
owners or small capitalists. Insurance
and Trust Companies, founded like banks
by the united capital of number of in
divldua!s, are financial Associations, and
all the power and usefulness of these in.
situations arise from the union and con-
centration Of capital.
! Associations under these and all other
forms under which they exist, are power
full agents to effect the ends for which thew
are established respectively, but being
ISOLATED and partial dissertations, they have
Interests and aims separate and distinct
from those Of other Institutions or Asso-
Citations and other portions of society; and
hence, TO maintain and advance their re-.
spective insterests exclusively, they often
resort TO measures which directly conflict
with, and are extremely prejudicial to other
interests in community. The isolated cor
poration or Association, like the isolated
family, is selfish and grasping; and stand
ing in an antagonistic and hostile relation
to other interests in society, it frequently
resorts 20 fraud, injustice and dupIicity to
Increase its prosperity, wealth and power.
PThese Companies Interpretations compete,
often, with individuals for supremacy in
business, and possessing greater resources
and Power--he effect Of the principle of
Cassociation-they cripple and crush them,
land monopoIize the branch OF trade or in
Ydustry in which they are engaged. For
Nhs reason Banks and other corporate
kbodies, or privileged leagues of capital, are
30 unpopular; but the abuse Of power COM
limited by these institutions should not in
fluce us to condemn the principle which
bgiyes their power; it should show US what
hcould be done if that power were rightly
applied, that is, if it were so applied as to
hconduce and be advantageous to all interests
(which can only be done by system of
kassociation which will embrace all branches
fof business and industry, so that thew will
mot be separated and left in opposition TO
keach other.
\ The rapid growth and progress of the
FUnited States particularly in Industry and
}lnternal improvements, may be mainly at
t''i'NtOd w thS oN'IOiI vi ASSOCiuti me
Aiacllity with which companies of all kinds
hhavo been formed in this country has af-
{forded great opportunity to prosecute
successfully works OF magnitude which
individuals have not ordinarily the
liability or disposition to undertake.
hOur Canals and Railroads, the fleets Of
ISteamboats which cover our rivers and
Makes, most Of our large Manufacturing
establishments, and Mining, Whaling, and
fvarlous other industrial enterprises, are
results of Association or Of combined effort
and capital. Such ace in many respects
the wonderful results Of Association, limited
and partial as the application of the prin-
ciple has been; but let this great principle
be applied upon true and Just conditions.
so as to cover or unite all departments Of
Industry, embrace and harmonic all in
terests--rendring its application mi;'ec .-;;::',
instead of fragmental, partial and antago-
| nistc-and we shall witness results of
which we can now form no estimate
Such an application-a universal appli-
cation Of the principle Of Association, will
open new era to the world, an era Of uni.
sesaI prospe: lily and happiness.
From these cursory remarks upon the
application Of the principle Of Association,
it will be seen that they who condemn the
doctrine OF Association, or rather the uni
versal application of the principle which
we advocate, declaring it to be visionary
and imPractcable. Go so ignoran,ly and
hastily. without seeing that they condemn
principle which lies at the foundation of
society and is the source of its strength
and vitality. This cond maation arises
solely from the want of examination, re-
Election and discrimination. The slightest
attention to the subject must satisfy all I'M
preJudiced minds that we wish merely to
apply to the Organization of Industry and
to Social relations, a principle already ap-
Piled in various ways in society-the prin-
ciple of combination, Of union, of concert
of action, in short, of Association, which
Is received and admired under some form
or other by every member Of society.
TO BE CONTINUED.