The Lamar register., 1899-11-08
TALK WITHOUT rHlNklna.
People Who Argue That the Removal OF
the Tarin Would Abolish the Trusts,

'"' AHfiu "ouid Abolish the Trusts.
That a free-trader is person who
simply recites formulas without a
thought as to their application is
again shown by the attitude of the
remnant of the old Cobdenite contin-
gent In the Chicago conference One
after one the votaries-a man named
Purdy from New York and a man
named Holt from Boston and a man
named Seymour from Chicago--like
savage priests beating the temple gong.
intone solemnly the words, Abolish
the tariff and you abolish the trusts"
thump their breasts. bump their brows
and retire into the robing room
Not one of these men had apparently
ever thought of the consequences of
the practice proposed any more than
he had examined the basis of the the
ory propounded. He had heard that
the tariff prevented competition. that
lack of competition created trusts and
that trusts raised prices, and that.
therefore, the lack OF a tariff would
prevent trusts and lower prices. Not
one had ever tested the grounds of
the major premise, nor noted the pat
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the unprotected industries. and that
the greatest increase OF prices has been
in the most keenly competed indus
tries. AS with cause SO with effect.
Not one can possibly have considered
for an instant the immediate result OF
the adoption by the government OF the
course proposed
The American Sugar company and
its solitary rival are In all mems
minds when the subject of trust in a
protected industry is mentioned Let
US suppose the tariff abolished on this
commodity. What would be the result
Of the impact OF the German. Austrian.
French aud Belgian goods upon the
producers OF the American goods?
which would suffer-the great COM
bination with its $50. .ooo. 900 capital.
It's enormous reserve OF undivided
profits. Its huge plants and conse-
guently cheap output. or the single
corporation which is fighting It? Is 1t
not plain that 1t would not be the
trust or combination of concerns
which would succumb to this foreign
competition. but the individual con-
eerng And what. then. would be the
result? We saw 1t here little over
year ago when the foreign steamship
companies formed a pool to wiring
double rates from the United States
government for carrying the Spanish
prisoners to their homes. The result
would be the formation of that thing
so completely irresponsible and wholly
nneonscionabie In Its absolution from
the governance OF the public opinion of
its yicinase-the International trust.
We would have a thing whose ex-
cesses would be blamed in Germany
upon the American sugar trust. And
the healthful domestic competition.
which inside the tariff. with the aid of
jealous public sentiment. had regu-
lated the price OF the commodity.
would be extinct.
Every step OF these processes must
be anavoidably plain 20 the most COM
manplace mind at the moment that It
Is concentrated on the subject. Yet
gentlemen travel a thousand miles,
considering their problem" all the
way, and never once putting their
formulated solution to the most OBJ
vious test OF practice. There is no
bar barian religion more thoroughly
beuumbing to the mind than the out
wora doctrines OF free trade.--New