The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1889-11-15
PROTECTION AND TRUSTS.


Greed and Ns..pssy-
The passage relating 20 trusts IN one
y >rstor >hermzn'< speeches in the re- /
,entO1io canvass j. nIlin< the breasts % |
some u the Republican editors with Mild !
ielight Therr i NJ particular reason
xhy IL should. bnr il dos 50 long -
they are happy they refuse 10 inquire
shether their Bliss i rational or ira
-ional
senator sherman Il reported 20 have
demonstrated that : protective tariff
los not encourage trusts and combina-
tion> lie demonstrated IL By saying
.. which i quite enough for the heliev-
- in his intAilibility- Unfortunately.
xhen he had aid -. he did not stop
He xent on 20 argue the question. and
20 enlarge on il till he virtually ad-
mitted that the tariff may encourage
trusts
A 20 his argument. IL consisted in the
statement that trusts exist in free-trade
countries - xell A. in those where pro
lection prevails This j. true. but IL
only proves that the tariff j. NOS the
only cause Of trusts Il certainly does
not prove that : protective tariff docs
not encourage trusts II would b. Just
- logical 30 argue that rain does not
4 wet The ground because the ground Is
sometimes moistened with water from
I : bucket 0r hose. No intelligent man
4 mainr .in~ that trusts may not exist
without the aid 81 protective tariff
Y Any other device which excludes com
petition will answer the purpose Of the
< trust
senator sherman i not % the opinion
that trusts are private Affairs with which
nobody has any ri-tr 70 interfere On
the contrary. ne takes strong grounds
against rher7- He says on this point:
~ believe rh~s~ trusts and cDm5Enarion- are
against punltc policy. and shouI1 D. declared
null and vo51 II j. Ll1arulr 10 DIAL wirh them
~ ltri>lattoa. but yet il l. the duty ~ state
Legislatures - p1<s proper las % prevent
tbt-- crznhfnAttUz- When curpuru
tlor- engaged IL particular busi1e@s eombine
sorriher wSrn > vt~~ 70 prevent comp~risioa
and ~ 21v4zce p-irr-~ The lece--1ries * life
they s,-c1zse II enezay * -Dciesy- and shouLd
u tc2lt ~tEh ~ ; bid -trD1< h2nt-
s. far i welI- bnt senator sherman
goes farther. Promising that lit j. the
primary object ~ protection % invite
the fullest competition in domestic pro-
AMTN4NM ~NAArrAAA"-MA - HUH &C -AAAA-
notice pre~enrly-he continues
-rsneh tndirsdsals o. eorT.o-zriors combine
70 str1-ce TIE price a tn tome<rie product
and 20 p-rreas ne tre~ result a OPEN and fair
c0npet.tionL ] ronld wi-hpur moments hesi.
ra-ton rsx11re Tie duties % fDrelrn ruc1- con
p-firE Eirh then = 0rAer 70 break t0sn III
comhfnzri01--
Why reduce the dutieS2 Only a mo
nert before the senator had said il Wa
- grave error 10 szy that protective
-ari-. encourages trusts and vet he de-
clzres himself r.aiy 70 reduce the
duties diminish the protection. in order
70 discourage o. rather - break them
down- How can they b. broken down
by the repeal o. modification Of law
which lend them no encouragement II
proposing 70 b-Aak d0~Tn combination
by : reduction Of duties Mr. sherman
surrnders the whole case
Trusts are NOT always caused BY pro
lection but both are parts Of the sans
SYSTEM they are alike the tools o
monopoly. Monopoly is not fastidiou
about the means il employs - long q
its end i reached Many years az
certain manufacturers Of the Unite
States combined with one another an'
with majority Of both houses Of Con
rress TO prevent competition and .
advance prices on the necessaries o
life and they suoreeied- 1t Is
grave error 70 say that il was the rri
mary object Of these people 70 invit
competition in domestic production tn
competition which they combined 70 pre-
} vent Vas foreign competition il Is true
J but they would have sought % lini
| domestic composition also il they Ia
: seen their way clear - is accomplish
ment The bnst proof % this lies II
the fact that they have since combine
, for this verT purpose To allow fre
domestic competition was not their --o'
jecf.- they regarded IL only - thei
misfortune that they must allow II
since the constitution provides for fre
trade among the States domestic CON
petition can not b. shut ont By tarifl
For many years the exclusion % foreig
, composition Vas all that they required
! for domestic competition j. 81 slo'
/ growth in branches Of business whicl
demand immense arEre-ations Of capita
and enormous plants But the greed o
rn0nop0lisrs increased even faster thai
domestic composition and the time cam
when they we're no LONGER content :
, endure even the moderate pressure .
domestic compctition- Hence the crea
ton Of tie trust which was relied on \
10 fo- composition az home what PR
lection had done for competition from
abroad The lis the outgrouth an
the companion % protection the one !
the complement Of the other Takci
together they form ; complete system
for excluding competition A. senate
sherman and men Of his class maintain
that the great industries 81 this ccunrrl
ran not h carried on without the aid o
our present high protective tariffs :
many 81 the combinations which tn
senator ienonncs< boldly contend tina
they can not b. carried on with0u
trusts They have % long ~a-ed sue
cessful war upon competition that the
now do not hesitate % saw that IL |
destructive 20 the Industries Of tn
country and must b. eliminated. The.
are Just IS rrady % assert and 20 prove
20 their own satisfaction Of course
| that trusts lower urfrp~. A. the prDtrc