The record-union., 1899-09-16
COLONEL BRYAN
BACKS DOW N.
Continued from First Page.)

ment must do so through cheapenine
the product, or, as 1t is commonly
called by underselling competitors. An
industry which at one and the same
time reduces prices and sWells it's own
profits, must accomplish that result by
increasing the volume of it's produc-
ton. On the other hand, an industry
which dominates the market by the
favor of the Government, direct or in
direct, cannot, in the nature of things
be forced to cheaper prices, because ii
it could dominate the market by under
selling competitors in an open field
without favor it would not need the
Government favor. (Applause) The
interference of the Government would
be an injury, and not a benefit to 1t
An industry or combination of capital
or anything you may choose to call It,
that dominates market through a re-
stricted competition that delivers the
consumer to it in it's own terms, neces-
sarily depends upon a narrow output
and large profits, extorted, not from the
excellency of it's service, but from the
helplessness of those with whom II
deals. (Applause)
sNow, there are three ways in which
the Government interferes in the trade
of individuals in this country. one is
by patent laws the other means by
which the Government interferes is by
tariff. Now, believe that every per-
son can concede, whether he believes IN
high tariff or free trade, that so faf
as trusts are concerned, the tariff oper-
ates to favor them in this way and IN
this way only. It operates to reStrlct
competition in the production OF any
article to those engaged in 1t IN TINS
country. But if a trust or combination
is to be formed, manifestly it aids the
enterprise where heNfield ot compau-
ton is originally limited.
"Under a condition of free trade
every article which is produced is ex-
posed to the competition If the whole
world. If you rely Lpon the conhina-
ticn to suppress compctr;c1, n1anltastiy
it is easier to make a combination he
tive er the producers in one country
thar in all count les, and t. that extent
the tariff favors. (Applanse)
There is still third essential, with
hich we can DEAL and which tel;eVe
is rastly more extensive in it's results
than this tariff in favor of trusts. And
l.
tended to certain industries nr IN TIE
CORPORATIONS en- oylns Government
franchises, which are none the Tess
Government agencies because tnelr
stock is owned by private individuals s.
And here we are face to face with 6
serious difficulty. Wrist, I must assume
it a serious difficult because 1t is al
most impossible to discover 1T. Ii is
surrounded by secrecy. That 1t is ex-
listing and does exist, everybody De
lieveS.
but, my friends, you must remem-
ber that no person can enjoy favor at
the hands of any company enjoying d
public franchise except at the expense
of another. Tt is true of every IN
stance where Government favors an IN
dividual. I have said in many places
and say. here. that Government cannot
at one and the same time be a fountalIl
of generosity and justice. (ApplauseJ
Government cannot create anything.
Now, if government cannot create any
thing. it has nothing of it's own to pe-
stow. If it undertakes to enrich one
individual the thing it gives to nlm II
must take from another CApplause)
If it do a favor it must have a victim.