Evening journal., 1899-08-30

any that history records, restored a
dismembered Union and rejoined dis
united states with bond OF cement
so strong that the paradox came that
disunion meant more perfect union,
and secession meant accession.
LEGAL AND POLITICAL PROB
LENS.
I'VE bid fair to become a govern
ment by boards, bureaus and commits
slons, II their increase, so marked for
some time past, and particularly in
the last year, is to continue. A horde
OF office-holders, usually serving for
salary, but sometimes paid by fees, has
been called into being to examine, in
spect, license and regulate.
'The problems, legal and political,
that are the most absorbingly impor-
tant, and likely to lead to far-reaching
results in law-making and statute
construction are those incident to So
Ioalled trusts, pools and combinations
lin manufacture, commerce and trade
IThe legislative difficulty seems to be
Ito draw the line that should divide the
Objectionable trust or monopoly that
defies the natural laws Of trade from
the desirable corporation or the con-
centration OF capital productive of
lgood result To strike down the one
land not cripple the other is no easy
task, for the law-maker. Concentra-
tion is the order OF the day. Indus
tries OF importance and enterprises OF
magnitude can only be carried on with
success by bringing together that ag-
gregation OF capital and limitation of
personal liability permissible in the
lcreation called a corporation. This ar
tihcial person has accomplished, in
the gathering OF the raw materials
from the storehouses OF nature, the
making from them in shop, mill and
factory. OF articles Of use or orna-
ment. the gathering of them in mart,
store and warehouse. to vend to the
consumer and the distribution OF them
by the numerous channels on water
and land. more OF substantial advan-
tage to mankind than any other in
strumentality."
THE century now closing has seen
during its hundred years an advance
on all lines Of production, with CORE
lopcptfng bouadf 80 tho o,,.,,r, -.
such as has been afforded at no Other
r period in the worlds history Corpo
= rations that have for their purpose {
u betterinG OF methods OF manufacture
e sale or distribution, the cheapening o.
4 the making OF the article produced
' the improvement in the style or con
venience OF the finished product. thu
economy in its vending or transporta
u tlon, are a great good to mankind, an,
u in them legally conducted, there Il
6 naught OF evil to our race. No NOR,
u disastrous calamity could befall thi
, republic, that largely by such concen
u tration OF capital, with the safeguard
thrown about the investment, has KEEP
n for itself its own splendid market an,
e is now capturing the markets OF tn,
J. world, than blow administered
e either by statute or decision, destruc
tive OF those corporate interests tha
are honestly capitalized. fairly based
n and legitimately managed.
II The fear is that we may go to ex
r tremes, and that in wiping out the in
r iquitous trusts we may destroy tn
l. legitimate corporations The publ
It mind is excited by the yellow-tinge
/ articles Of partisan trust, and tn
e loud mouthings Of blatant politicians
d seeking simply party advantage an
Iel the keeping Of power or the gaining
II Of patronage to be dispensed. In plat
lf forms parties will vie with each othe
In denunclation of trusts and comb
& nations, and with meaningless phrase
W full Of sound and fury seek to cap
[ ture the votes OF the grounding,
90 The evils that exist cannot thus b
10 Iiehe0leQ.
L. That evils exist that need legisla
ly tive correction cannot be gainsait
W over or fictitious capitalization, mon
e, opolistic tendencies leading to the dc
u struction Of fair competition, the dc
rs crease OF producing cost, with advanc
ry OF the price to the consumer. ar
" wrongs demanding a remedy; but tn
ch corrective cannot be safely apple
he when unreasoning denunciation. fur
p GUS hostility and desire for partisa
by gain rule the legislative mind, an
he trucking to popular outcry sways Ii
beljudicial decision"
is A LETTER FROM MR.. CHOATE.
'b- N connection with his addres
is Senator Henderson read a letter fro
President Choate, under date
'on London, August II. In speaking
Vt; the study Of comparative legislatiC
his which is now in progress between Il
en- United States and most enlighten,
acy foreign nations. Mr. Choate saws.