The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-05-14
PARTIES AND mn
Philadelphia Record.

htiuutiPulh RECORD
Senator Chauncey NJ
predicts that both no,,,, pss
take a decided stand ss.,
their next National cos,s ,,' y
democratic party it NAV sn'''a
,ics that when in power I,
the utmost jealousy IA in
stock corporations to sor,' ssQs
yidual enterprise in ors,os sss
the other hand, the repuO,,s'
loving the example Of ~ 10y
sor, has always encouraged y
corporations on the Ma - ~
absolutely necessary for n. ~ ~
velopment of the country ~
THIS legislative encouraseuss' !.
dual firms and the limit,
nave almost disappeared bs,,'s
ins corporations As a m,s'
under the general laws ., "
PENNSYLVANIA among the ~ ~
vldual can have himse,f az
Joint stock company for Msa
business. from digging sssatfyfa
cottons TO washing oIo,h. ~
barber shop. But for The I. s Y
ed by general Legislation ~ tselills
corporations 1t would be ss
cult, If not impossible ss
cessfully conduct trust n NJ ,oin
waite trade. S1Op'l'4
From these facts natu,,,,.
suggestion that the repeal !;
State laws for charterinr 49,.
all kinds of business wou,a ~
fectual means OF dealing ",
monopolies. 1t would \
propagation of the breed !, !.
In favor of this policy Il 4.
that individual capital ana N.
aole 70 cope Win every species
business, Andrew Carnegie "A
a joint stock company no,
tate and develop his immenss S m.a
ing operations. But whers ~ ~
initiative ceases the trust hs, ~,
In the apparent helplessness X
no In the presence Of ths,s =.
Mr. Depew suggests a boyso,.
products. Such hint won iss n
come an anarchist than 4 iI,,s
senator and the head Of a ers,s 1
corporation A boycott on mama.
trusts would be practicable 4 Nv
the many thousands of workias.'
receive their wages from tbosa 81
More effective than the rsps,I \
eral State laws creating FONT ~,
panies in trade would be tbs n
every protective duty behind N
trust is lntrenched. No ana ~,
ter than Senator Depew that Az,
greatest trusts--the sugar TUT !,
the rest--would be unable to M Al
ket against American consume, \
the fact that foreign conpctitIss
cluded by high protective dulIxl
neither Mr.. Depew, with all his n.
zeal against the trusts, nor A,
republican leader will favor N n
tional convention OF that party ., \
gress any substantial reform .. ri
system which nourishes thess ,
monopolies. That would be a i
political penitence and ccntriiloa Il,
they are not yet capable.
\ y y
The plea against this drastic j,
OF dealing with the monopoliss nj!
combinations Is that the trusts d
free trade England as we'll as Ia VI
OF protection. This assertion Is i
sptcuously inexact now as It WI
first made by James G. Blaine b "
paign OF 1855. 1t needs no iiguSl
demonstrate that trusts can not h
cessfully maintained in free tists
try. Every attempt to raise prices
Industrial com bination would b a
ed by an influx of foreign prcdlchl
dress the balance In favor Of cels
A plea for the trusts In protHl
America and in proieotionist ca
is that their chief object Is to preVt
disasters of excessive conpetiti9f
mercial and industrial Competition
as active in Great Britain y
United States or In Germany, but J
merchants and manufactures bay
invoked the trust system to ave-
evil. Should they undertake TO ie'
competitive combinations or cons
against British consumers the "a
free trade would rebuke and sup0l'
From this time forward TIL us
ing of the National conventions w
be much threatening OF the truss
part OF republican politicians "
hear on all hands that the n'u
have always been Jealous N Ivy
against moropolies In trade, ana y
are determined to suppress the v
tenn by the enactment and ylseN
forcement of such laws as may y Y
sary. But the trusts are nol y
take alarm; for these menaca
signed to soothe the diseontenh y
lean consumers till after Inc Y.
The question for Senator psV'
every other antitrust champl,l
gress is. Will you vote for y.
OF every protective duty which, Y
ing or obstrueting the impo'ss'
products from abroad, enables ~ ~
to maintain prices against Ains y,
sumers? This question Is me y.
to test the sincerity OF me Y,
to Industrial monopoly In ths Z,
form which it has now assun.,s
country. The masses OF ANT .,
sumers--including the workinsaaa'il
standard of wages Is threatens.
binations to control the earning, N,
as we'll as the prizes of comno.,i,,
demand something much mors IL IL
than the promises Of a parry =