The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1891-05-14
TIE DANGER OF MONOPOLY.

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generation did its use become SO
common or it's appreciation SO
odious.
The combining and pooling of
wealth for the purchase of mills,
mines, factories, or their pro-
duets, or the purchase and con-
troll of any article of human con-
sumption, the use of which is
made a necessity iftheir purchase
tends to give the parties making
it an exclusive privilege in reg
ulating the price and controlling
its consumption is termed a
monopoly.
The combining of wealth int o
monopolies is becoming a thing
of serious consequence to the
whole American people. There
are none but who feel or have
felt in some way a touch of it's
oppression. But it is not our
purpose to discuss it's bearing
and influence upon the masses.
We only care to treat the matter
in local way. A year. ago it
was rumored that an English
syndicate were making PROPOSE
tons to our tobacco manufac-
turers to buy out their entire
business and combine theirs with
purchases elsewhere and then OPP
crate the entire tobacco manu-
featuring industry of America
under one management. We ex-
pressed our emphatic protest
then; we reiterateitnow. There
is scarcely anything that would
be more hurtful to the interest of
this town than such a thing. The
harm would not be immediate
but it would come and that too
soon, when our people would be
powerless to help themselves.
The mon who own and oper-
ate the tobacco factories of Win
ston own IL home here and live
here; they are interested in the
future growth and prosperity OF
this town; they are interested in
her tobacco market and all that
concerns her material progress,
and that interest will cause them
to guard with Jealous care every
thing that will help her and look
with serious concern upon all
that would hurt her. While they
have the power they do, they
will always exercise it in the in
terest of their home and city.
But ..nce let the tobacco interest
of this town pass out of their
hands into those of syndicate
who are alone interested in what
they can get out OF tobacco and
the matter assumes quite Il differ
ent shape. Its the tobacco and
not Winston in which they are
concerned and ali that would
tend to advance it's interest
would he protected if Winston
had to be sacraficed.
Suppose a board of directors
in Liverpool, in order to advance
the price of tobacco, should see
fit to close the factories of Win
stnn fer six months, do you
think they would hesitate to do
it? By no means. A cablegram
flashed acI oss the Atlantic could
just as effectually close the doors
of every fattory in Winston as
it is possible to do. Six thou
sand labOrers turned adrift in
these streets would be one result
and the effectual daming up
the avenue through which flows
over Il million of dollars in the
various channels of trade would
be another result. To say that
such would be impossible would
be contradicting a long list of
occurrence that has be-
come matters of history.
No, we say to the men of Win
ston, never sell the controlling in
terest in your factories. They
are yours, they We're built by
your energy and push and stand
as monuments to your, industry
aud whatever of profit there is in
them keep it for your selves; you
hayeearned it and deserve it.
The anti-lottery men of Louisi-
ana are organizing to defeat the
constitutional amendment le-