The Monte Vista journal., 1899-04-22
TRUSTS THE ISSUE.

e '''S Nv tihhot gwen III NeN
York Thursday night of last week
an effort was made TO launch the
issues upon the country which the
gold wing of the democracy desire
TO make prominent III the next
presidential campaign.
Judge Van Wyck, late candidate
for governor, was chosen for this
task, and he brings out an,i.trus,
as the lending issue. He said in
part:
Concerning trusts in general, j
find some information in n recent
number of the journal of Com.
merce of this city that seems to
me to be worthy of the widest pub
Iicity. After showing that the
number of these great combina-
tions had increased in the past IL
months from 200 to 353, the writer
of the article proceeds as follows:
60 1t will be seen that, at the end
of February. these 353 combina-
tions had issued total of $5,llS,-
100000 Of capital stock and Sill
3S9, 900 of bond obligations. These
figures show an increase over those
we published year ngo of 76 per
cent. in the number of institutions
and 60 per cent. in the combined
stock and bonded debt, which in
dicates the extraordinary rapidity
with which the movement has
spread within the last u months.
What proportion of the entire man
ufactures of the United States has
passed in this new form of orgnui-
zetion may be inferred from the
fact that the census of 1880 values
the entire capital then employed
in the manufacturing and mecham-
ical industries at S6,525, 5,C00,00O,
which includes all the minor OF
retail work done hy small indiyid.
ual proprietors. This means tina,
the total capitalization of these
combinations is equal TO 80 pei
cent. of the entire manufacturing
investment of 1900"
"What individual not belonging
to the class of mul,i-millionaires
today would dare to engage on his
own account in the establishment,
of tobacco factory, or baking
powder company, or an oil refinery
for how well he would know tina,
it would only require a moments
attention directed against him on
the part of the trust in charge oi
the line OF business thus invaded
by him to crush the very life out
of his enterprise.
Deprive the young men from
81 to 40 years Of age Of the oppor.
tunlty of indulging in the reason
able hope that by due diligence
they may attain individual ad.
vsncement by going into some line
of business on their own accoun,
and you will destroy the esprit de
corps Of tho people of this coun.
try, so essential to its continued
progress, and in time paralysis will
set in IN it has done heretofore IN
the republics OF the past, and i,
will he first felt by the impoverish.
ment OF labor and those OF moder,
ate circumstances, in the end de
stroying the forced customers oi
these giant trusts, resulting in
cidentally in strangling the pros
perity and happiness Of grca,
people.
When we ARE invited, gentle
men, to find reasons for the con
tinued existence Of the Democratic
party, We eau, nm persuaded. nc
commodate the inquirer out OF til,
easily verified body Of facts her,
called attention to. l DO not 90 SC
far an to say that there nre nc
other questions Of large sign,f
cance 10 which the Democratic
party in the national Geld ought ,c
give its best thought. There nr,
other questions; but il there be
not in these (of the tariff and oI
tho trusts. with their death TO fic'
competition aud individual enter.
prise) ground enough for asnc
cessiul appeal TO an enlightened
people, political experience in The
United States 10 much ut fault"
Ant. what arc the remedies sng.
gcsted by this exponent Of dcmoc'
rncy? He talks about going hnth