The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-06-16
RESULTS Of THE TRUSTS
They Will Create Distinct Glass
Division in the Country.
GENERAL WARMERS VIEWS
The Democratic Platform Next Year
VIII Contain a Strong Declaration
Against Organized Monopolies
Money QUESTION as an Issue.
Washington Bureau of the Standard,
No. 1145 G Street n, W.

Washington Bureau of the Standard
No. 1145 G Street n. W. I
Washington, June 11.-General Adon-
tram ]. Warner of Ohio, one of the old
war horses of the silver cause, ard
now president of the Bimetallic Ieaeue,
has been in the city this week He has
taken occasion during his stay to direct
attention in very striking manner
to the trust issue as feature of the
next presidential campaign. He says
that there will soon be trusts in oper-
alton having an aggregate capitaliza-
ton of a thousand million dollars He
believes the most important issue of
the campaign of 1900 will be the trusts.
THE movement for trust organiza-
ton is most menacing, and presently
we shall see a combination Of com oin-
atoms, trust Of trusts. The country
has awakened to the fact that there
are already established three s.upend-
Gus trusts. which will soon be allied,
and working together, and will control
many minor and contributing trusts.
These three combinations are II the
transportation trust, embracing all the
great lines; (2d) the steel and iron
thrust. and (ad) and governing, the
banking combination
Mot more than one-fourth of the
Flabor of the country can be employed
by this giant trust when formed" said
General Warner. "Of course, the labor
so employed will fare better than that
which is not. One of the first results
of the concentration of trust employ
ment will be very great increase in
the number of unemployed, because the
reduction in the number and wage of
employees is one of the essentials of
trust success.
THE ultimate effect will be a dis
tinct class division among the people
of the country. The first class will be
composed of members of the trust com
binations and their employees, whose
condition is made better than that of
other classes by the high prices pro-
durable for trust products. The sec
ond class to which l refer will be
composed of three fourths of the pres
ent productive industries of the coun-
try, !. e., whose control by trusts is
not feasible, and their employees The
controlling prices for the product of
these industries will be extremely low,
and the trusts will thus get their raw
material at an extremely low price.
Farm products will necessarily fall,
the price of non-trust labor will be
very low; the method of living among
the laborers will be degraded, and they
will slowly be reduced to what will he
practical serfdom."
General Warner favors strong dec
laratlon in the next democratic plat
form against the trusts. OF the money
question he says: "On the money uues-
tion, inasmuch as an effort will be
made at the next session of congress
to retire the greenbacks and turn over
to the banks entire control of paper
currency, this phase of the money ques-
ton is likely to attract more attention
for the time being than the silver uues-
ton.
None the less, they are deceived who
think that the silver question has been
finally settled. There is much wisdom
in the reply of the Scotch divine to his
congregation when they wanted him to
pray for rain: Yes, when the wind gets
in the right quarter
The wind may not be just now in
the right quarter for pressing the sill
yer issue, but it will get there. The
rapid and unexpected increase in the
production of gold has had, so far as it
has gone, the same effect that the res
toration of silver to coinage would have
had had 1t been restored and there had
been no increase in the production of
gold; but it does not follow from this
that it is safe to rest the worlds money
supply upon the sporadic production Of
a single year or a single period It
would be no wiser to rest the worlds
monetary system upon the present out
put OF the African sand reefs or the
frozen Klondike gravel than in 1910 to
rest 1t upon the new discoveries of sill
yer of Potosi in Mexico, or in 1850 to
risk everything on the gold pIacers of
California and Australia
There has been no period in all the
worlds history when the supply of
money from mines has been so in ex-
cess of needs for it as largely or for
any considerable length of time to raise
the price level, and so far as that has
been the case it has always proven
among the greatest blessings.
ON the contrary, the sacrifice of
metals for money has proven the ruin
of nations and turned back for CEN
furies the course of civilization So
long, then. as the world depends for its
automatic money on the supply of the
mines, it will have need for both of
the metals.
The democratic party will stand by
the Chicago platform. The money
plank will be made as full and as
strong as If there were no other is
sue. / would be in favor, also. of
making declaration against trusts
as If that were the only issue; and
the same with our declaration against
imperialism in the Philippine war;
HOSFORD.