The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1888-10-24
WHOLE NO. 1915.

ed industries. A soon as We gos fzirly
started the prices Of their products began
% fAll, and eurioasly enough yosr wages
began 10 rise; in proof Of which you
have only to compare the wages and
hours Of laboE twenty-five years aeo with
{ present wages AMI hours Of labor for the
sane kind Of work. il is % ssain make
Us tributary 70 England xith high prices
and los wages that Cleveland has bar
gained through the Mills bill with lis
British Supporters for second term
You hear great pother and uproar
made BY the Free Traders about Trusts,
which they falsely ascribe % our Protec-
+ tioa policy, and blaiantly proclaim tiiat
that they rob you Of your har1-earnel
wages. Nox the fast Is Trusts are ~
great favorites IN Fnes-T Trade EnE.snd =
they are Common among u. of which fhe
l.tssi and NEST gigantic example i tie
English Beer Trast. The TarsE has uoth-
ing 10 10 with the formation of Trusts
excent incidentally By creating t1e in-
dc=tries which are iucludei among the
Irls,s-so that Trus;s, instead of lui.el-
ting the depragiiy of Protection, prove
ihs efficacy o. Protection by its ability %
develop manifold ministries, without
which II would he impossible % form
Trusts.
And are Trusts really hurtful - you rs
tie Free Traders assert. You who have
been constant readers of T-ss I-ist Word
during tire past ten years knoE there has
been NJ warmer or more ardent advocate
q the workmans caase tia myself, /,
you may. therefore, assume i ~ De- my
honest conviction when / assert that
Trusts are not As such hurtful % you;
and you may take the assertion al the
more readily since 1 have 40 personal in
tersst ia any Trust Whatever, either
present or prospective. Vow. tire ehief
legitimate object Of a Trust is To prevent
that ruin3us fall in prioes which comes
fraus reckless conpetion TO sustain prlces
within the margin Of reasonable profits
is % sustain wages, you cannot force
m8nufl-tuners - give YOU good wages
no ln4tter how strong yoar trades unions
msy be. ia cut-throat competition forces
prices at or below thecost Of manuf1ct-
ure. Nor. as rule, can the managers Of
q Trust force prices above a reasonable
limit without lessening the demand Tor
their products they must keep prizes At
a poius where buyers have the ability %
make lhe largest purchases By COM
bining thecapitai Of many establishments
into a single channel goods can be more
proftably sold al lover prices and higher
wages paid than in the absence Of such
cooperation. For instance . e0BcgTn
with i've uIllious Of capital and employ
ine 10000 men. need make no more than
ten cents day out Of each mans work
% earn a six-per-cent dividend on the
capital Of Eve millions Ten cents more
daily wages would not compensafe the
men for the risks % running the works
themselves But divide up this one con
ceru into Eve hundred, each with cap
tai Of ten thousand dollars and employ
inz 20 men each; now, the SEQ proprie-
.ors must make 5000 year apiece IN
order to live and lay by, or d net profit
Of 81 cents a day on each workman's :
labor. which means that the pay Of the
workman must be - cents a day less
than in the combination Of all into one
concern. whose capital in the shape Of
shares could be Used by the shareholders
IN other enterprises.
Of eourse. Trusts, Ike all human pro-
iects, are liable 10 gross abuses; but neith-
er their evils nor their benefits are due
to either Free Trade or Protection. They
are natural o1tcone Of theeo-operative,
communists tendencies Of the age
There Is Free Trade throughout the
United States, and ifall The people had
the sane common interests as those 81
the United states Free Trade wouii be
universal In that ease England would
have no cotton mills these would be
located at or near our cotton fields
Cleveland should lot be opposed mere
ly because NJ J. . Democrat, Or Harrison
supported becaase he isa Republican, but
i,e,agse the Mills biil Is un-American,
unqatriotic-
WILLIAM HOWARD
EErHLEHEs, Pa