The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1899-09-27
ness out side of the State contrary t.

e&ies will reach the difficulty, that the
people Of every State shall first decide
whether they want to create a corpora
tioL: that they shall, secondly, decide
whether they want outside corporation
to do business in the ST. and if 50,
upon what conditions, ana thirdly that
congress shall exercise the right to place
upon every corporation doing business
outside OF the State in which it is or
ganized, such Limitations and restric-
1ions as may be necessary for the pro-
lection Of the public good"
Col. Bryan ct this point read the
famous circular letter advertising the
corporation laws Of Delaware. He
commented sarcastically o. advantages
set forth in the letter.
4 person in the audience Inquired:
Delaware ard New Jersey are both
Democratic States are they not?' To
which Mr.. Brayan replied: They were
in 1896.
He continued: Il have read this
letter TO show you that where State
eau gain an advantage from the in
corporation cf these great aggregations
Of wealth, il is not safe to place the
people Of other States at the tender
mercies of the people of such State
as may desire to secure Its running ex-
penses from the taxation of corporations
organized to prey upon the people out
side.
Il am ready to adopt any method
for the annihilation Of trusts. Oae
that | suggest is this; That congress
should pass law providing that no
corporation organized in ~ State
should do business outside of the State
in which til organized until it receiv-
es from some power created.b by congress
license authorizing it to 90 business
outside CT it's own State Now, if the
cooperation must cowe to this body
created by congress to secure permission
to DO business outside the State, then
that license can be granted upon condi-
tionS which will, in the first place, pre-
vent the watering Of stocks; aud second,
provide for publicity as to all of the
transactions and business Of tie corpo-
ration
IF this is unconstitutional and so
declared by the supreme court, l am in
favor of an amendment to the constitu
ton thai will give to congress power to
destroy every trust in the country. In
my jud gment, when you take from mon
opoly the power to issue watered stock
you will go more than half way toward
destroying monopoly in the United
States.
You ca2 provide for publicity and
that annually or at such other times
the corporation shall make returns Ct
its business or its earnings, and will so
another long step toward the 6estruc
ton of the principle of monopoly.
But [ am not willing to stop there,
and, therefore, as third CONDITION, |
suggest that no license shall be granted
until the corporation shows that it had
not had monopoly and is not attempt
ing a monopoly Of any branch Of indus
try or any article of merchandise, and
then provide that if the law is violated
the license can be revoked. l do not
believe in the government giving privi
leges to be exercised by a corporation
without reserving the right to withdraw
them when those privileges become
hurtful to the people.
My contention has been that we
have been placing the dollar above the
man, that we have been picking out
favorites in government; that we have
been bestowing upon them special pri-
vileges, and every advantage We have
given then have been given them to
the detriment of other people. My
contention is that there is a vicious
principal running through the various
policies which we have been pursuing;
that in our taxation re have been i'm
posing upon the great struggling masses
the burden of government, while We
have been voting the privileges to the
people who do not pay their share Of
expenses to the government.
Every unjust tax law is an indirect
form of larceny, the speaker asserted.
An income tax, he believed would rem
edy another great evil.
II have no fear that any man by his
own brain or lis own muscle will be
able to sec1re fortune so great as to
be menace to the welfare Of his fellow
man.
when God made man he placed
limit to his existence, so that if he was
bad man he could not do harm long,
but when we made our man-made man
(the corporation) We raised the limit of
his age.
I'VE did lot give him soul, and if
he can avoid punishnent il this world
he need not worry about the hereafter.
l want to protest against this doctrine
that the trust is a natural outgrowth Of
natural laws. 1t is not true. The
trust is the natural outgrowth Of unnat-
ural conditions created by man-made
laws
Government under the four great
principles Of the declaration of indepen-
dence is impossible under an industrial
aristocracy.
"Some people have tried to separate
the laboring man who works in the fac
tory from the laboring man who works
on the farm. | want to warn the labor
ing men in the factories that they can
not separate themselves from those who
toll on the farm without inviting their
own destruction. l warn the laboring
men in the factories that when they
join with the monopolies to crush the
farmer, as soon as the farmer is crushed
the laboring man will be crushed, and
his ally will be destroyed, and in test
of endurance the farmer will stand it
longer than the laboring man. The
farmer was the first man on the scene
when civilization began, and he will be
the last one to disappear. You may
drive the farmer down, so he cannot