The times. [volume] (Richmond, Va.) 1890-1903, 1899-09-17

ono man nxcs the wages as he ploases.
and the laborlng men viii then share the
slnering OF the man who sells the raw
material.
II want 10 warn yoI that when tho
monopoly has absolute control. brains will
be at a discount We have not yet had
a taste Of a complete trust. But when
the trust has rid itself of all competitors
what is going 10 be the result? My friends
an you have 10 know is human nature.
God made man selfish.
on the farm We used 20 protect property
from the hogs by putting rings in their
noses. Why? So that while they We're
getting fat they would not destroy more
than they were worth.
"One Of the great purposes Of govern
ment is TO put rings IN the noses Of hogs.
II wfre going TO try 20 find the root OF
the monopoly evil I would 90 back 20 the
Bible for an explanation. and J would find
in 80 the declaration that the love OF
money is the root Of an evil. Failing
prices. caused by n rising dollar. and the
nigh tariff have contributed the desire TO
secure the fruits Of the monopoly.
some have suggested that TO put every
thing on the free lls' that trusts make,
would destroy the trusts But do not
believe that you could destroy all trusts
by putting all trust-made articles on The
free list because. If an article can be pro-
duccd IN this country as cheaply as il can
Doe produced abroad, then the trust could
exist without the benefit Of any. tar.n
at AN. though 70 could not eXtort so much.
We cannot destroy monopoly until we lay
the axe at the root Of the tree, and make
monopoly impossible by law
II
DETERMINATION By railroads has aided
trusts. That can be rcmcdied by laws
which will place producers on equal foot
ing. But the remedy must be complete
enough to prevent the organization OF
mon0D0ly We differ more in remedy
than we do I'm our opinion OF the trust
Few people Will defend the trust as a
principle. As 90 the remedy both state
ard Ration should have concurrent rem
edies.
"ln the first place every state has or
should have the right 10 create any pri-
vate corporation which is conducive 10
welfare Of the people Of that state. l be-
lieve that We can safely entrust 20 the
people Of a state the settlement Of Ques-
ton which concerns them. If they Gre
ate corporation and it becomes de-
stmIcive Of their best interests they can
destroy that corporation and We can safe
hhatc If conditions make aunihllation ne
Cessary.
"In the second place that state has or
should nave the right 90 prohibit any for
eien corporation from doing business I'm
tha state and &c ought 90 have or has the
right 20 impose, such restrictions and
limitations as the people of the state may
think necessary upon any foreign corpo-
ration doing business I'm the state. / be-
l.eve in an adoption of state remedy but
there must he q federal remedy.
Congress has. or should have the power
to place such restrictions and limitations.
even TO the point of prohibition, upon any
corporation organized I'm one state. that
wants TO do businls SIS outside of the state
contrary 90 public good.
Ct believe that these concurrent rene
dies viii reach the difficulty. that The pcO-
pie OF every state shall first decide wheth-
er they want 10 create a corporation;
that they shall, secondly. decide whether
they want any outside corporation 10 do
business I'm the state. and If SO. upon what
conditions and thirdly. ihat Congress shall
exercise the right to place upon every
corporation doing business outside Of
the state I'm which it is organized sucn
limitations and restrictions as may DO
necessary for the protection of the public
good"
Colonel Bryan at this point read the
famous circular letter advertising the in.
laws of Delaware Tie COM
nented sarcastically on advantages set
forth In the letter.
person in the audience inquired Del
aware and New Jersey are both Demo-
.rauc are they not?' to which Mr.. Bryan
-eplied:
They were not In 1896"
He continued: 81 have read this letter |
n order TO show You that where a state /
'an get i'm am advantage from the incor- /
)oration of these great aggregations Of |
wealth. IL is not safe 10 place the people |
IF other states at the tender mercios of /
he people of such a state as may desire 1
o secure its running expenses from the /
aXation Of corporations organized 10 /
lrey upon people outside
ONE SUGGESTION
81 am ready to adopt any method for the
of trusts one that I suggest
s. this
"ihat Congress should pass q law pro-
idlng that no corporation organized I'm
my State should DO business outside OF
he state I'm which it is organized until
receives from some power created by
congress a license authorizing It 10 do
business outside of its own State. Now.
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