Evening journal., 1899-04-03
HOW LONG?

liberal than the ore now In ful force
in the neighhoring State Of New Jer-
sew after which it was modelled This
being true, Delaware should soon lie
the Mecca Of men who wish to float gi-
gantic enterprises. The National Fish
Company, Of Boston, capitalized with
sSOOoCoo has already filed It's certia-
cate with Secretary Of State Hughes
and received a charter.
Let us ,ook at the work which is be-
ing done i'm New Jersey under a less
liberal law. There were thiriy4four
trusts and combinations chartered by
the state during the month Of March
as follows:
American Steamship Company, ST.
100000, American Woo,en Company,
65,OO0OOO; American Ice Company,
S60O0O,OOO, United States Cast Iron
Pipe and Foundry Company, $4,000
COO; International Steam Pump Com
pany S27 500 600; New England Electric
Vehicle transportation Company g25,-
OO0,c00; Royal Baking Powder COM
pany, S20OOO0O0; Havana Comms.o oial
Company. 100000; United Electro
Company Of New Jersey $1,000 900;
American Beet Sugar Company 81 .OOo.-
0O0i United Fruit Company, $1,000. 600;
Consoiidated street Car Company eis.-
COO 1000; Egyptian Compress Com
pany $i5.OO0eCU3 Compress Gas Cap-
cue Company Sl5,OC0,OOO; Naaona,
SAT- Company; S12.O0OOOO; Park Steel
Company, slO,oOo,OOO; American Brick
Company, slO.0OO,OO0; Continental Ce-
ment Company. Sl,OOOOOO; American
School Furniture Company. $1,000 .OoO;
severy Proess Company, $500. GOO;
United Zinc and Lead Company. &c.
100000; Pacific American Fisheries
Company, s5.0OO.OO0; He.retia Cappar
Company, s5oOO0OO; Empire s.eel and
lron Company S5,oOO.OOO; Nati.nal
Cash Register Company, S. COO. .0CO: Ar
cadian Copper Company. $S,75O. 600:
Isle Royal Copper Company SO .75O. 600:
Columbia Refrigeratng Company. So
ceo,OoO; Columbia Refrigsrating Com
pany, S3,oc0.Coo: Conmb'a Autcm bl'e
Company. 100000; Maritime lm-
proyement Company sS,OOO.OOO; Boggs
q Euhl. $2,5OOOOO; Egyptian Tobacco
Company Of America. S1,5OO 900: New
port News Abattoir Company, 81 co.,
600, ami Brooklyn Gas and Electric
Company, S1.5OO,00O.
The Trenton True American looks
upon this system Of revenue raising as
dem-raiizlng TO the public morals. Gem
menting upon ths creation Of trusts. 1t
says
Honcranums' Is a very nice word:
too nice I'm fact to perfectly describe
The process by which the State of New
Jersey is increasing its revenue at the
expense Of its morality Perhaps. N
me RECORD spoke rs opinion plainly. 70
would draw parallel between money
which the state derives from the un-
KNITTED disposal Of It's franchises TO
any trlsi CT combination which
chooses 10 ray money for them. and
tao wages Of sin" Win which the
nrcsttuta bcdeclzs herself with jewels
and laoes.
II g shcuI u-e such a simi.e the
IIue American w5u.d not object % it,.
Ihe fact is that "tle T-es--. deal
0nss ci the s.ate with the trusts is a
m2tter Of public shame to- every c.tl-
zen Of New Jersey.
L is SAKE OF the honor OF the state
arl of The respect which ether states
are ct-.ged 10 ray 20 our doings, for
money and fsr nothing else
Every Trust created hy the State Of
New jersey, S an attack upon the pao-
ore OF the rate. and urcn the paop,e
~ aA other st2tcs. Fur'ic scntimen.
ard puhlc unlca.s unite In ass=rtir,
chat the destrclfcn cf c-meetition:
t1e defeat Of n.av dua, energy; ard
.Ae rTeyng upon tine rahllc. inoi-
o4lt 20 tAe We --12iug 90 trusts in gen
e-ai are the most serious attacks ever
made IN this country upon the liberties
-d Wl27c cf the recp,e.
And IN The very midst and heat oI
ms condemnation Jhe Slate Of New
Jersey. gees on gladly issuing licenses
i1r th-s EuiGc lp3tatoa with on,
han1. and Wlth Che other pocketing q
sna-i percentages OF tae b'Ood-m.onay.
Ccu.d the prostitute be more shame.
iels ~ her earning money hy the sal.
Of her hcnor3
Nhiie C1mdca min. sters we're profit
ins py t1c .ocse New Jersey marr.ag,
-a"s. they Insisted on "a % 9atinuancs %
tne system although 60 Included tll,
Disgrace OF the state.
lAe state olloa,a' ocndonance OF TIL
s-aie's laws f-r organizing trusts ~
cause CT the mcney derived from th,
system is Of the same low order o
morality and policical ocouomy.
How long WI, il De before the sam
cry wiz bs raised against cur owl
law
Ihe Federal financial show.nr 70
Aaloa &c gratifying in that e sets forti
rrrr ut- .rI-frhI rrr .-