The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-03-03
TRUSTS FROM THREE POINTS OF
VIEW.

The N1O York Standard Henry Georges
paper, in a strong article condcmnatory oil
the Trusts shows that
Tho effect OF the tariff walls with which civil
lied countries surround themselves Is TO DIVIDE
the world into as many compartments ~ there are
nations, In which these combinations may pho up
In one place and produce an artificial scarcity In
another In way they could not do II the natural
tendency OF commerce 10 bring prices TO COM
mon level were not restricted The same protcc-
tive tariff which compes American consumers OF
copper 10 pay an artilclay enhanced price for the
metal which nature has stored up within the
bowels Of their country enables a Copper Trust 10
arnclally reduce the price Of copper In any coun-
try where they may deslJe TO Greece out" rebel
lious producers, without danger OF a return now
and thus 10 conquer the world la detail, making
one set Of consumers pay the expense Of subdulng
another set Of producers.
Bradstrcd's, the organ Of trade and
tradesmen In all branches, conservative
and painstaking, careful and prudent,
deduces from the testimony taken by the
New York Senate Committee that.
The Trust or arrangement" IL now in intcn
ton permanent instead Of Temporary oombina
ton. II Is also intended 10 limit the play Of com
petition by restricting production, the incentive 10
increased production being taken away by making
profits independent Of continuance In production.
II is apparently It's intention TO control prices by
preventing the natural effect upon them Of com.
petition Of producers The magnitude which
these combinations may attain Is shown by the
statement that the aggregate Of the certificates Is
I II Al.
Trust had Ia the past amounted 10 s5,OOo,OOo
These considerations show how important an clc-
inent IA the economic equalization Trusts aud
similar combinations may become. They show,
also, the importance Of keeping n careful watch
upon their progress, since thoy aro combinations
formed TO advance special Interests Instead Of the
interests Of tho community ~ a whole.
The M1O York Herald, always in the lead,
secs the mischief the Trusts are brewing
as plainly as il is pointed out by Conserva-
tive Brddarof's and the Radical Standard,
and thinks they may run until heroic treat
mcnt will DO necessary 10 abolish them.
II says
when we had slavery In this county we objected
| 20 Il on two grounds-(i), that Il was mouly
wrong, and, CD that Il divided the South into two
classcs-he rich the arisiOcrats. on the ono hand,
and the hopolcssly poor on the other. Slavery was
opposed 20 the genius Of our Institutions. which
declared that every man shall have bis chance and
that no man shall deprive him Of that chance All
right We had tough ume Of Il Tor i've ycan, but
the principle OF equality wns yindcaied, and now
tho South has ontcrcd on now commercial life
which Is much better than the old gold Is better
than copper.
The new danger Is from the North. and II Il, n
possible. more subtle and formidable than SLAYER,
ever was when capitalists combine 10 control IN,
market they crowd scons Of little fellows 10 tn,
wall in order n make their control morc complete
aud kill the spirit Of competition. Tho small
dealer Il doomed. and we arc governed ~ syndl
cate who squcczcs tens Of millions out OF our ne
ccs.ltlcs II We wAnt sugar envelopes, milk. TIN
lead. COPPER or what not we must DOH our hats u
thcc linpcraisb and beg them 10 serve us at tholi
own price.
Look at II how you win. Trusts mean war against
| the best interests Of the community. II We dom
abolish them they will abolish IN. II NAV bc
long nght and hard light but Il ha hght WORT
fighting A monopolist l. Just a. much an cnem'
10 orderly society anarchist The latter blow
~ 10 smlthcccns by single explosion. The forme
LAYS rs under tribute and oompes every man
woman and child IN add ~ his hank account. W
are his slaves and have no rights because he want
them all himself
Down with Trus, combines. and give the people
fair show.
This was the position taken by TuK Ar
rRAL coniomporaneously with the organ
ira,ion Of tho Standard OH Trust, IN
parent Of all those infamics