Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1899-06-09

want the Palmer and Buckner Demo-
Gratis bask. OF course we dove will
welcome them, not rs major generals
and brigadiers, but as privates-not to
teach us Democracy, but to learn
Democracy of us-and will give them
the glorious opportunity OF winning
new laurels. Yes, we welcome those
returning prodigals, but they must
not expect to monopolize the fatted
calf. Those who have borne the heat
and burden of the day-the bruEt OF
the battle-expect the choicest and
largest cuts of the veal themselves.
"The doors stand wide open to all
who wish TO help us. We will not in
quire too minutely into their antece-
dents. There are two institutions
which have no mourners' bench-the
Democratic party and the Campbellite
church.
I'VE also welcome all Republicans
who are dissatisfied with Mark Hanna's
new-fangled policy of imperialism.
We hail with delight the patrio tic
movements of DIR. Emil Pretorious
and other German-Americans, know
| ing full well that the Republicans can
not carry a State west OF the Alle-
ghanies and north of Arkansas without
the German vote.
ave extend the right hand OF fel-
lowship to the army OF travelling men
who have decided that trusts are their
especial enemies and who are now
preaching an antitrust crusade. More
power to their tongues"
When Mr.. Hawes rose to introduce
Mr.. Bryan he was greeted with APP
plause and the applause which met
Mr.. Bryan was of .he most Hattering
description. The cheers drowned the
music of the band, which struck up
Hold the Fort" as he advanced to
the front of the rostrum. Mr.. Bryan
spoke as follows:
can actor who visited Nebraska re-
Gently, upon learning from Republi-
can that confidence had been restored,
remarked that he had examined Web
ster's dictionary to learn what conf
dence' meant, and found confidence
defined as trust and then he under.
stood that confidence had been re-
stored. More trusts have been formed
during the last two years than existed
at the beginning of the present admin
istration and the nominal capitaliza-
ton OF the trusts now in existence ap-
proaches, if it does not equal in
amount, the worlds total supply of
gold and silver. The influence of
these trusts has become so enormous
that the people, without respect to
party, are asking themselves how the
evil can be remedied. The purpose OF
the trust is to control the product of
some article of merchandise and the
methods employed are, first, the union
of all individual factories under one
management or in one corporation;
and, second, the crushing out of new
rivals. A monopoly when once COM
plete not only dictates terms to those
who buy the product, but it also die
tates terms to those who sell the raw
material and to those who furnish the
labor. If the trusts are permitted to
continue we shall find an industrial.
aristocracy growing up in the United
States which will prove as destructive
of our ideals as landed aristocracy
would.
"The principle of monopoly is in
compatible with our institutions.
Mans necessities compel him to be-
come purchaser, and where there is
but one seller, the purchaser is com.
pletely at the mercy of the seller.
Where there is competition between
praducers, the purchaser is sure to OBJ
tain what he wants at q reasonable.
price. When competition is eliminat-
ed, the price is controlled, not by rea-
son, but by the greed of the one who
possesses the power.
1t is said that the power to tax is
a power to destroy. Monopoly pos
sesses the power to tax. 1t can levy
such assessments as it will upon the
purchaser, and we can no more afford
to permit such a power to be exercised
by private individuals than we could
afford to authorize a private individ-
ual to use the machinery of taxation
in order to enrich himself at the ex-
pense of his fellows. The government
would be guilty of gross neglect if it
permitted an individual to secure a
monopoly even without legislative as
sistance, but it is still more culpable
if by legislative act it furnishes the
means by which monopoly is secured.
The corporation is the means now EN-.
ployed by those who seek to secure
monopoly. Since the-corporation is
fictitious person, created by law, the
power that creates can regulate, re-
strain or annihilate. To fay that the
government is impotent to prevent the
organization Of trusts is to say that it
has called into existence a fictitious
person, and that the fictitious person
has become greater than the creator.
One of the difficulties which has been
encountered in opposition to trusts is
that the trust hides behind the federal
constitution when attacked by State