The advocate., 1890-02-20

There would not only be an increase OF
agricultural products, but the Increased
demand thus caused Mould stimulate Nc
production QfmaRydctwed goods; while
this prosperity In manufacturing Indus
tries, by enabling those engaged In them
to iaereGse their demand for agricultural
productions, would react upon agrloul-
ture" He then rejects the theory Of
"oeereproduction" In these words "Who-
ever will consider the wide spread phe-
nomena which are currently attributed TO
ODer-prOdactiOn can have no doubt from
which Of these two classes Of causes they
spring. He will see that they are symp-
toms, nat efthe ercess Of production, but
Of the restriction and strGngglqtioR efpr0-
daction." The rest Of the chapter 10 TAX
en- up with an argument to prove that
the protective and restrictive features Of
the tariff are responsible for the "strangu-
latlon and restriction" of manufacturing
production.
The New Jersey Democratic platform
Of 1900, recognizes and condemns this
prohibition incubus upon Domestic Re-
ciprocal Exchange, but does not mention
the tariff. The plank reads as follows;
"That the increasing number Of combinations
10 control the necessaries Of llie lisa fruitful
source Of alarm 10 the people, The sO-called
'trsts," which arA combinations 10 control
prices without regard 10 the natural rules Of sup.
plyand demand, are opposed 10 the letter and
spirit our laws TheyCannOt be Justified upon
any fair plea Of commercial enterprise For the
benefit Of q few these combinations innlCt cruel
burdens upon the many, causing penury and
misery among those who are dependent upon tho
product Of their daily toll The tendency OF our
advancing civilization is 10 increase the general
average Oihuman happiness, and the corrective
hand Of the law must be used TO abate c0nspIra.
cles which are stumbling blocks IN the WY Of the
general psOgresso Of the people,"
The Maryland Democrats also notice
the evil, but are silent upon the subject Of
tariff reform. They speak as follows
"They unite wlthther Democratic brethren IN
our sister states In pointed condemnation OF the
vast combinations Of capital In many OF the most
important and necessary branches Of industry
and business, which, under the misleading name
Of trusts, =. have inflicted such serious injury
upon the people, aud which, unless arrested IN
their powerful organizations, Will create great
and alarming distress by limiting the supply and
ruluoualy enhancing the price Ofmany artclcsoi
prime necessity at The mere pleasure OF the
managers Of these Illegal combinations. Vlsor.
GUS measures should be taken to check this
great and growing evil"
We are now ready 20 examine into the
nature Of Trusts and Combines, their
cause, purposes and effects; always bear
ing In mind, the cardinal economic law,
that that nation only Is prosperous, that
employs aiS It's labor at equitable wages,
An idle man, Is not only unproductIve,
and burden upon society, bit he hcts
tie d6ility 10 purchase md consume.
Trusts, so-called, are combinations Of
Capitalists in the interests Of Capital,
They are associations OF all the leading
corporations, firms aud individuals engag-
ed in any certain line Of industry, OrganIz-
ed for purposes Of mutual protection and
profit. In practice they substitute Com
bination and Cooperation for the system
Of Competition, at least, SO far as Capital
is concerned. AT The same time they In
crease the intensity Of competition OF Ia
Dor, by decreasing the demand therefor.
They aim at the control and regulation Of
prices by the restriction aud Limitation OF
v,.,AttuNeuv. UfI. L.. l.. - A.