The Forrest City times. [volume] (Forrest City, Ark.) 1871-1919, 1899-09-22

Il tclieve that the principle of mouopoiV
nnds M its Inspiration In the desire of men
secure In the open Held Of competition.
Tariff and Trusts.
Another thing that to my Judgment
has aided monopoly is high tariff Mo-
BODY can dispute that a tariff law an inn
port duty. enables trust to charge for its
product the price of n similar foreign
proGuct. plus the tariff.
Nov, some have suggested that to put
everything on the free list that trusts
make, would destroy the trusts. / do not
agree with this statement, as IL is mad.
so broadly. l believe that the high tarilr
mas aided the trust to collect more than
the trust otherwise could collect. But /
do not believe you could destroy all trusts
~ putting all trust made articles ON tho
Tree list Why? Because IL an article can
be produced In this country as cheaply ~
II can be produced abroad, then the trust
could exist without the benefit of any
tariff at all, although II could not extort
SO much as 1t could with the tariff. and
while some relief may come from modifi-
cations of the tariff, we can not destroy
maonopoIy until We lay the AK at the root
OF the tree and make monopoly impossible
by law.
Railway DETERMINATION.
ut has been suggested that discrimina-
ton by railroads has aided the trusts
There Is no question that discrimination
IaVorltism, secured oy one corporation
against another producer and a rival, has
been largely instrumental in enabling n
desired monopoly to become practically q
complete Iists monopoly; Now, that can be
discrimination, and when we prevent the
discrimination, still monopoly may exist.
The remedy must be complete enough to
prevent the organization of a monopoly
Now. what can be done to prevent this?
Mr.. Bryan's Idea.
I'VE have a state government and fed
eral government, and while this dual form
OF government has Its advantages, yet
both state and nation should have con
current remedies. In The first place every
state has, or should have, the right to
create any private corporation which in
the justice of the People of the state is
conducive to The welfare to the people OF
that state. / believe that we can safely
intrust TO the people OF a state the
settlement or question which concerns
them. lf they create a corporation and II
becomes destructive of their best inter-
ests, they can destroy that corporation.
ana we can safely trust them both to
create and to annihila.e If conditions
make humiliation necessary. In the sec
ond place, the state has, or should have
the right to prohibit any foreign corpora
ton from doing business in the state. and
IL ought to have, or has, the right to i'm.
pose such restrictions and limitations as
the people of the state may think neces-
business in the state.
Also a Federal Remedy.
believe. in addition to state remedy.
there must be a federal remedy and / be-
lieve that congress has, or should have.
the power TO place such restrictions and
limitations, even to the point of prohibi-
ton, upon any corporation organized In
one state, that wants to do business out
side of the state.
Now, ] believe that these concurrent
remedies will reach the difficulty--that
the people of every state shall first decide
whether they want to create corpora
ton that they shall, secondly decide
whetner they want any outside corpora
ton TO do business In the state, and. IL
so, upon what conditions, and thirdly
that congress shall exercise the right to
ness outside of the ssate in which II il
organized, such limitations and restric-
tions as may be necessary for the pro-
lection of the public good"
The Famous Delaware Circular.
Col. Bryan at this point read the ia
nous circular letter advertising the
incorporation laws of Delaware. lie
commented sarcastically on adyan-
tages set forth in the letter.
A person in the audience inquired:
Delaware and New Jersey are both
democratic states, are they not?' To
which Mr.. Bryan replied: "They were
not in 1896"
He continued:
I have read this letter In order to show
you that where a state can gain an ad-
vantage from the incorporation of these
great aggregations of wealth, Ii Is not
safe to place the people of other states at
the tender mercies of people of such state
as may desire to secure It's running ex-
penses from the taxation of corporations
organized to pray upon people outside
Method to AnnihiIate Trusts.
"One method for the annihilation of
trusts has occurred TO me, and to me II
seems, a complete method. 1t may not
commend itself to you: II is this:
That congress should pass a law pro.
viding that no corporation organized in
any state should do business outside of
the state in which 1t Is organized until
congress a license authorizing 1t to do
business outside of its own state (Ap-
plause) Now, IL the corporation must
come to this body created by congress- 10
secure permission TO do business outside
the state, then that license can be grant
ed upon condition which will, in the first
place, prevent the watering of stock; in
the second place, prevent monopoly In any
branch of business; and third. provide for
publicity as to all of the transactions and
business of the corporation. II 1t is un-
constitutional and so declared by the su-
pfeme court, ] am IN favor of an amend
ment to the constitution that will give to
congress power to destroy every trust In
the country"
: I'm my judgment. when you take
not represented by money you will 20
more than half the way towards destroy
ing monopoly in the United States
You can provide for publicity, and that
annually or at such other times the cor
porations shall make ressirns of its bust
ness, and when you provide for publicity
so that the public shall know just wha.
there is in the corporation, you win go
another long step towards The destruction
Of the principle of monopoly.
"A third condition, ] suggest that this
license shall not be granted until the cor
poration show that IL has not had a
monopoly and is not attempting a monop.
oily of any branch of industry or any ar
ticle of merchandise and then provide
that II the law is violated the license can
be revoked.
Now, / may be mistaken, but II has
seemed to me that this method OF dealing
with the trusts would prove an effective
method"
Rapid Spread of the Telephone.