The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1899-06-26
IHE DAILY REPUBLICAN
u. cor. THIRD AND klNo STREETS
The Republican Printing
and Publishing Co
fuBL isHED DAILY. EXCEPT SUNDAYS
I altered st the Post Office at WlImlngtos
Del. a. seeond-ciass mall matter.
: nONDAY. JUNE az. 1900.

The theory OF the Democracy,
says the Rochester, N. Y. Demo-
crat and Chronicle, is that trusts
are the creatures Of Protection,
and that they cannot exist under
free trade. It should be explained
that this is the ayowed theory OF
the Democracy, rather than its
honest belief; theory put forth tor
political effect, to be introduced
into the next campaign somewhat
as follows: Trusts are an unmiti-
gated evil; they are created by the
protective tariff; therefore we should
have a free trade tariff; therefore
the Democracy, with its pledge to
take Protection out Of the tariff,
should be put in power.
Now all this is the veriest pre-
tense. This is no evidence that
trusts owe their establishment and
maintenance tothe protective tariff.
Trusts are business development
Of the past few years, and they ex-
ist under all tariffs. An article in
the May Forum states that $50
trusts we're organized in Germany
two years ago, that their number
has greatly increased since then;
that among them are big German
coal trust and an Austrian rolling
mill trust; that there are French
organizations controlling iron, Pc
troleum, sugar, chemicals and mum.
berless other products, and that
Belgium is overrun with trusts.
These countries have various kinds
of tariffs.
Trusts are not the outgrowth Of
any special tariff system. They
flourish or fail independently of
tariffs, and are no more prevalent
under protection than under free
trade. So when Democrat or a
Populist comes around saying that
the American people, in order to
kill the trusts, must slaughter their
home industries by subjecting them
to unrestricted foreign competition,
it is safe to set him down as by po-
critic or an ignoramus. In either
case he is intent only on making
political capital by raising false
issue. He wants to advance the
fortunes OF his party, and he cares
not whether the means be fair and
truthful or foul and deceptive.
But the American people are not
to be hoodwinked They have had
some instructive object lessons in
free trade and protection. They
like the latter because of the pros
perity it has brought, and they are
not going to give it up at the behest
of demagogues, whose fabrications
have not even kernel Of truth and
whose motives are Transparency
selfish.
DUNN's report for the past week
says: The advance of the season
has had much less than it's usual
effect in restriction of business.
The iron and steel industries show
unusual activity for this time of the
year. Buying for fall goods has
started in ahead Of the usual time.
Railroad earnings continue to COM
pare farorably with the best pre-
'vf0us reports at the corresponding
period, and while payments through
banks are several hundred millions
Of dollars per week below the max
imum weekly totals of the present
year, they are vastly in excess of
those of any previous June. For
eign trade returns continue to show
lately large imports and smaller
exports, but while the latter COM
pare unfavorably with those in June
last year, they have been at New
York alone in three weeks, nearly
$1,000, 000.larger than the imports,
Notwithstanding that the imports
in the same three weeks have been
over s5,0O0,00O larger than those
for the corresponding weeks last
year. Prices of manufactured
goods are generally strong and in
many lines continue to show an up
ward tendency. Business failures
during the past week numbered It's
in the United States and Is in Can.
ada, against 2S5 in this country and
II in Canada during the correspond
ing week last year. The cotton
goods market has not been unfavor'
ably affected by the weakness in
prices of raw material. The boot
and shoe trade is active The fac
tories are well supplied with orders
and enough contracts to keep then
busy for three months to come.
Wheat has declined X to , cents
per bushel, owing to speculatv,
liquidation, which has been due tc
improved crop advices and heavy
receipts of old wheat, There is nc
doubt but there will be plenty o
wheat to go around and some t,
spare for export to Europe.
DELAWARE thus far has raised
nearly $50, 200 by the passage OF
the incorporation act which wa'
passed by the last Legislature
The State finances were in baC
way before the passage OF this &C
and some means would have had t.
have been devised by this time /
the law makers had not seen fit anc
proper to pass thislaw. Instead o
the State having a big deficit, i
will have sufficient funds on hand
by the end of the year, tomake sew
eral necessary improvements anc
keep down the taxes. The mcr
camille tax is one thing that tn
merchants and manufacturers
should be relieved of. The lates
big corporation to seek Il charte
under the Delaware laws. is tina
of the United States Vehicle Com
pany capitalized at SIS, 900, 900.
The foolhardiness Of the fat
hcalers caused the death of tn
three year old child of Georg
Sperry, 'of Falls CITY, Neb., o
Friday. The child was sick wit
fever, and the doctor summoned
when the medicine he left wa
thrown out and he was c jected tror