The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-04-14

PoWcI dLOlucT. OuE lT0us SI6Sl, C0dl dIQ
of what the tarin has brought to pass.
while In the consolidation Of our rail-
panss we Sana Of What han
been and is being accomplished under
the legislative power. to bestow valuable
nts f ta ean private s sngns %
challenge any Of its supporters to name
single considerable branch OF indus
has been extended which Is not now con-
against competition: The infant indus
tries have become giants who have taken
| 1t upon themselves to rule for their own
| ends the nation which nourished them
under the impression that when matured
| the very pillars of economic liberty. That
| the Democratic party must address itself
to the correction OF these far reaching
evils, II 1t Is to hold the allegiance of the
| Democratic masses, is not doubtful. The
| cause of tariff reform was never more
| urgent than 1t Is today, and never before
that no real relief can be looked for at
| the hands of the Republican party.
TRUSTS IN GENERAL.
Concerning trusts In general I find some
Information In recent number of the
Journal Of Commerce, Of this city. that
seems to me to be worthy of the widest
| publicity. After showing that the num-
| Der of these great combinations had in
creased In the past twelve months from
200 to 1853, the writer Of the article pro-
| ceedS as follows:
ut will be seen that at the end of Feb
ruary these 1853 combinations had issued
| total of 50, lis, SOC, 900 of capital stock.
and sll4.SS9,O00 Of bond obligations. These
figures show an increase over those we
published year ago Of rs per cent in
the combined stock and bonded debt.
which indicates the extraordinary rapid
tty with which the movement has spread
within the last twelve months. What
proportion of the entire manufactures of
the United States has passed in this new
form of organization may be inferred
from the fact that the census Of 1890 val
ues the entire capital then employed in
the manufacturing and mechanical indus
tries at Sc. 525, 00o. 900, which includes all
the minor or retail work done by small
the total capitalization Of these combina
lions Is equal to 80 per cent of the entire
manufacturing investment Of $780,
, And to the people 9L VINO nave not fo.-
and practically from day to day, Of the
Industrial evolution here indicated, 1t
may well seem incredible that change
so fraught with menace to the welfare OF
the country, and the preservation of our
liberties and to the dignity of American
labor, has been accomplished. Not only
Is 1t, as the writer further. whom l have
just quoted, says, reversal Of all that
economists have expected as fundamental
aXioms of trade but 1t strikes. as with
the dagger Of an ASA Ssin, at the very
heart Of that individual enterprise, which,
next to love of liberty for its own sake,
is the energizing force Of American in
situations.
FRAUGHT WITH PERIL.
II the process or consolidating under
the control of single individual, natural
or artificial, Of the various branches or
the business Of kindred nature con-
ttnues in the same ratio as here indicated,
it will be but a short time when flve or
six hundred corporate entities will con-
he m a e.
chanical industries Of this country, In
number many times fewer than those en-
gagged in similar business on their own
account when this country had popula-
ton of about three and one-half millions
and was struggling against the mother
country for political, commercial, ana
might we'll suggest. some sense of alarm
to the thoughtful patriot when 1t is con-
sidered that substantially seventy mil
lions of people will be excluded from par
ticipation upon their own account in
these branches of industry and are con-
verified into. a mass OF employees without
the inspiring hope of lettering their con-
dftion by mental and physical alertness.
What individual not belonging to the
class Of multi-millionaires today would
dare to engage on his own account In the
establishment of tobacco factory, or
baking powder company, or an oil re-
finery, for how well he would know that
it would only require moments .atten-
ton directed against him on the part of
the trust in charge of the line of business
thus invaded by him to crush the very
life out OF his enterprise
3 Deprive the young man from twenty
one to forty years of age of the oppor
tunity of INDUCING in the reasonable hope
that by due diligence they may attain in
dividual advancement by going into some
line of business their own account
and you will destroy the esprit de corps
of the people of this country so essential
/ to its continued progress. and in time
paralysis will set in as it has done here
tofore In the republics Of the past, and it
will be first felt by the impoverlshment Of
labor and those Of moderate circum-
stances, in the end destroying the forced
customers of these giant trusts. result
ing incidentally. in strangling the pros
perity and happiness of a great people: j..
When we are invited, gentlemen. to find
the Democratic party, we can. am per-
suaded. accommodate the inquirer out Of
the easily verified body of facts here
called attention to. l do not go so far as
to say that there are no other questions
of large significance to which the Demo-
cratic party in the national field ought to
give it's best thought There are other
questions: but If there be not in these (of
the tariff and of the trusts, with their
death to free competition and individual
enterprise ground enough for success
full appeal to an enlightened people, pol
itical experience in the United States Is
much at fault.
| Turning to state issues Judge Van
Wyke spoke briefly of the New York
| canal problem in its local political aspect
| and in it's relation to Canadian trade, the
| last bringing him again to national In
! terests. He said:
| NO ALLIANCE WITH ENGLAND.
| This pressure of English competition
| exists along the entire Northern bound
airy Of our country at the very time
when it has become so fashionable for a
| certain class of political leaders and
after-dinner speakers to thoughtlessly
advocate a political and commercial alli-
| ance, offensive and defensive, between
| these two countries it will not be deemed
amiss to- caution our people against
| hasty action. Let us be influenced by the
| natural as well as the fixed policy of
| that nation towards us for a century and
| half rather than by their profuSe eX-
pressions of friendship during the Span
! ish war. In I'LL Admiral Vernon com
| manded the English expedition against
! Cartag ena on the northern coast of
| ish possession. His forces included &c
I companies of American troops from the
| thirteen colonies; among them were some
| of the Washington family. who after
! wards gave his name to their place on the
| Potomac, and also Smollett,- who de-
scribed the incidents of the disastrous
attempt in his Roderick Random. The
| defeated forces rendezvOused at Jamaica
in the West Indies, and from there Ad-
| his home government that he would dis
band and settle the battalions from the
thirteen colonies in East Cuba rather
| l, an restore them to their home where
| they would wish to establish manu-
| features; which would injure those al
| home" Gin England. From then to now
| her paacy has been one of sharp rivalry
xxvith Ar,o0 rio i'm