The Magnolia gazette., 1889-11-30
PUBLICITY The TRUE REMEDY FOR
MoNoPOltSTlC ABUSES.

II thc secrecy with witch the
combinations known as "uu,ts'
ace ahle Is Surround thcil conduct
we're taken away from them there
would probably be no "trusts.
Why then, do not the people
compel these combinations to
reveal their operahons
Al tue political doctors are en-
gagged ID studying these new
scaprges on the bcdy polite. But
they 10 not seem to hit upon the
>lnpic remedy witch would very
qmckIy scatter these odious con
sp'tacla, against the rights Of the
n ople.
II nearly all the States there i,
muintaiueG a system of govern
mntal Inspection Of the man
ageaent Of certain corporations.
Insurance companies and banks
ate everywhere subjected to this
close official scrutiny.
The people compel The man
ager- Of insurance companies
and D her financial Institutions TO
make public statements at regular
intervals Of the amounts OF money
Which they receive aud the dis
position they make of it.
Why rot compel the men who
organize trusts To do the same
udug2
When a lumbor Of men organ
ize a corporation IN a State to re-
tine sugar, or brew beer, or to
manufacture iron, Illuminating oil,
nr any other predact, they have
Tho same right to conduct their
own way that men have to engage
ln any other business uudertak
ing
Bot when all the manufacturer,
VI OF dealers ID Any article Of
universal use combinetlleir affairs
~ i national organ zauon. and
avoiding III responsibility to the
authorities Of the State. under
take the arbitrary control of
prices aud to limit the amount Of
goods which shall b. produc, d or
sold, tbon it Is tine for the people
- lay hold 8; these men and make
TEEN show what they are about.
These trusts are really ma
tlonal corporations Organized and
can1ed on without any subjec-
ton or responsibility T. the pco-
ple. They enjoy all the rights
and benefits OF corporate organ
u .tions without any Of the cou-
,Iltlons or peralties which should
govern their action.
There Is not "trust ln the
Gmtcd States which does not
hold toward the people the at
ttude If BJs- Tweed. when h.
dehaully inquired. "Whlt are
sou g5try % SO shout ll?'
There not one IT them which
+ not really T. defy Tie represent
iaii,es Of the people when the
people unIsFt8ke to investigate
their cJndlc'.
Look at the action Of Have
meyer, the king Of the sugar re-
timers, when he was before a com.
mutee Of Congress two years ago.
Look at the action Of the mllion-
arc pork packers and dressed
beef men Of Chicago, more re-
q, ntly when committee If the
senate sought to inqire into their
methods ul doing business.
Why do the people tolerate
such impudent defiance of their
right 70 know what tbs monopo-
list are dong?
WHY IS not the management of
every "Trast' compelled to in
form the pabhc what are the
terms of its organization, who
Pre- included in il, what amount
# capital is actually employed in
carrying Il on, what are lis rela-
lions 10 the railroad companies,
how much are its annual profits,
how are ITS stock and other
securities, all the facts that ln-
surance companies and other cor
poratlons are required to publish !?
Here Is the Cotton Seed Oil
Trust which was reorganlzed the
the other day. after some of It's
own stockholders had disco yered
that ITS managers had lost half a
million of their funds in specula-
tions in Wall street.
Here is the Lead Trust which
Is believed to have issued securi-
ties amounting to more shan twice
the total capital actually paid in,
and to be collecting money
enough from the people to pay
handsome dividends on the whole.
Here is the Sugar Trust, whose
curines are sold up aud down
II Wall street from day to day,
while only half a dozen men in