The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-06-21
TIE rAnENr OF TRUSTS.

/
Possibly nothing has caused SO much
talk in business and political circles,
| Henry o. Havenieyer before the in
dustrial commission few days ago
Mr. Havemeyer is president Of the
American Sugar Refining company has
made millions out OF It. and Is and
ought to be. an expert on the subject Of
trusts.
| The Post, together with many OF the
leading democratic statesmen of the coun-
try, has contended all along that the high
protective tariff that has been mercilessly
forced upon the people OF this country by
a republican congress and president was
not only the forerunner of these monster
evils, but was their absolute parent and
protector; that 1t had brought them into
existence, and from their earliest infancy
had thrown its protecting arms about
them, and had affectionately shielded
them from all harm In the way of demo
cratic legislation.
MIR. Havemeyers testimony was mainly
upon the sugar feature OF the tariff and
it's legitimate offspring, the trust This
much talked OF man started In the~word
as poor as a church mouse, but has made
his millions out of sugar. That he is a
man OF fine business sense no one will
deny. His evidence, therefore, upon sub
ject out OF which he has made millions
OF money ought to count for great deal
much more, indeed than that of an Inn
practicable man, no matter how high he
stands in the councils OF the Nation. This
most excellent authority said that the
sugar schedule was framed In the interest
OF the raw material OF Louisiana and Ha-
wall. and of the beet sugar industry and
that the American people are taxed $24,-
100000 for the benefit of these sugar pro-
ducers. Mr.. Havemeyer has made his I'M
mense millions refining sugar. His bust.
ness, and possibly his only business, has
been With these people and he ought to
know,
On the subject OF trusts and their rela-
tlon to the tariff, Mr. Havemeyer said
that labor and capital would adjust their
differences II let alone and that 1.-The great
wrongs the people were suffering at the
hands of the trusts were but the natural
outgrowth OF the tariff Mr. Hayemeyer
said, which is more foreible still, that tho
trusts are but the machinery of the
tariff"
The Philadelphia Public Ledger, re-
publican newspaper referring to Mr..
Hayemeyer's testimony, says:
II Is MT a fact that all tarin duties are pro
motive vi trusts or monopolles, but 1t is un.
ceniable that most OF the great combinations
n restrsinl OF trade recently formed IN tn,
eessive schedules of the Dingley bill. Tn,
sugar trust, one OF the most colossal of al
Of these combinations. Is credited with havin,
figured importantly In tho preparation OF al
OF the sugar schedules enacted for years past
indeed no other important industry Is be
lleysd to lave had 80 potent an influence IL
the nails ~ congress as the concern OF which
Mr.. Ha yomcyer Is the spokesman The ac,
t'Yity Of sugar lobbyists md tho gambling b,
senator's In sugar stock have formed the Last,
OF CONGRESSIONAL investigation and given ris,
to the glavost scandal.
This is strong admission. and espe-
cially so when the Public Ledger in the
article from which the above extract Is
taken says that "the protective tariff is
correct in principle, but is too often IN
equitable in application" Mr.. Havemeyer
does not say this, and In the honest juag-
ment OF The Post he Is much better au-
thority. A thing that is too often In
equitable In application" could hardly be
correct in principle"
These commercial combinations that ar,
working such great detriment to the coun-
try at large have been fostered and built u5
by the republican party. and the two com
bined are in condition to utterly crush
the great masses of our people. The peo-
pie can not compete with them because
they have not the capital. and they can
not trade with the outside world because
the republican party has erected a Chinese
wall of protection around the trusts and
the manufacturers that shuts off all com
petition The tarln and the trusts-the
TWO ts--are the siamese twins OF republi-
can misrue Feed the one and YOU uour-
ish the other destroy the one and you kin
the other.