Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1899-07-20

iooho do III IL VIII Do uOO ldT III Une pdSU
to have any particular weight in the
coming elections.
"Out in my section the administra-
TONS policy with respect to foreign
questions is receiving loyal support
Everyone is not an expansionist as
that term is understood, but all are
giving the President support that in
dorses his policy of maintaining the
honor of the Flag and the integrity of
the Government.
Generally speaking, the conditions
in the West are good. The crops, with
exceptions here and there, are excel
lent, and the farmer has promise of an
abundant harvest | noticed coming
through Nebraska that the winter
wheat was failure but the corn crop
is good. Throughout the whole West
there is feeling of contentment and
belief that the brighter days will re-
main with us. Much of this is due to
wise legislation by the Republican
Congress, and it will find a responsive
echo when the election days come
again.
'"The sheep men are just emerging
from their depressed conditions. The
enormous importation of wool under
the Wilson law in anticipation of the
Republican action weighted down our
American woods and flooded the coun-
try with foreign woods that came in
free of duty. That surplus is gradu-
ally disappearing, and, although there
is still much of it in the warehouses, it
is rapidly being used, and the near APP
proach of its full disappearance is
starting the price of American woods
upward. Our Western sheep men are
taking courage, and our cattlemen can
only hope that, through the unfortun-
ate attack on the beef supplies to the
army they will not be made to suffer
too long"
A third contribution on the trust
question from ex-Representative Far
quhar of New York, member of the
Industrial Commission. When asked
what he thought would be the recon-
mendations of the commission on the
trust question, Mr.. Farquhar said he
was unable to forecast it, but he did
not see how corporations can be de,
clared unlawful.
TRUSTS" said he "are formed for
the avowed purpose of cheapening
production, controlling prices and
regulating the output. According to
the universal laws of trade this cannot
be declared illegitimate. The forma-
ton of trusts is nothing more than the
outgrowth of new business conditions
in the country. We as a nation are
producing vast amount more than
we consume, and the combination is
nothing more than an effort to get
products on the market in the cheap
est way. 1t is not due to desire to
make more money, but to make as
much as was made before this enor-
nous overproduction began.
eff people would, instead of address
ing memorials to Congress, build up
merchrnt marine by which the over
production of America could be carried
and sold to foreign countries there
would be no cause for objecting to
trusts in the country. In many cases
the trusts have proven of benefit to
the public at large. If the competition
of rival corporations will lower prices
the public is glad of it. There is one
thing in the trust problem which
should be remedied and that is the
enormous over-capitalization of cor
porations. 1t is responsible for more
business depression in this country
than anything else The remedy for
this lies with the State Legislatures"