The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-09-17

or..- 90 ia we usSu TO protect prop
erty from the hogs by putting rings in
thelr noses. Why? So that while thew
were getting fat, they would not destroy
Inole nor than they were worth One of the
seat purposes of government is to put
iluss IN the noses of hogs. If were 90
ing 70 try to find the root of the monopoly
eVll, would go back to the Bible for an
explanation, and l would find il in The
declaration that the love of money is the
root of all evil.
Failing prices, caused by rising dol
!ar' ana the high tariff have contributed
monopoly -'' u 'i'e
., ooihe nave suggested that to put every
thlhg on the free list that trusts make
would destroy the trusts But | do not
peieVe that you could destroy all trusts
oy pu'tIns all trust made articles on the
Tree lIst, because if an article can he nro-
dueed in this country as cbeanlv az IL can
De produced abroad, then the trust could
exist without the benefit If any tariff at
an though 1t could not extort so much
we cannot destroy monopoly until we lay
the ak at the root of the tree, and make
monopoly impossible by law.
Remedies Suggested.
Discrimination by railroads has aided
trusts That can be remedied by laws
which will place producers on equal foot
ing. But the remedy must be complete
right to prevent the organization of a mo-
hopoiy We differ more in remedy than
we do In our opinion of the trust Few
people VIII defend the trust as a principle.
AS 10 the remedy both state and nation
should have concurrent remedies. In the
hrst place every state has or should have
the right to create any private corpora
tlon which is conducive to the welfare of
the people of that state. believe that we
can safely entrust to the people of a state
the settlement of a question which con-
Germs them. II they create a corporation
and it becomes destructive Of their best
interests, they can destroy that corpora
ton, and we can safely trust them both
10 create and to annlhilate if conditions
make annihilations necessary.
In the econd place the state has or
should have the right to prohibit any for
elSn corporation from doing business in
the State and il ought to have or has the
right 10 impose such restrictions and llmi-
tauons as the people of the state may
think necessary upon any foreign corpora
tion doing business in the state.
I believe in a state remedy. but there
must be 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 in one state, that wants to do
business outside of the state contrary to
public good.
Il believe that these concurrent rene
dies win reach the difficulty that the peo-
pie of every state shall first decide wheth-
er they want TO create a corporation; that
they shall, secondly, decide whether
they want any outside corporation to do
business in the state, and If so upon what
conditions, and, thirdly Congress shah ex-
ercise the right to place upon every cor
poration doing business outside of the
state in which it is organized such limi-
tations and restrictions as may be neces-
sary for the protection of the pubic good.
States OFFER Advantages.
Co. Bryan at this point read the fam
Gus circular letter naming the advantages
of the Incorporation laws of Delaware, He
commented sarcastically on advantages set
forth in the letter.
A person in the audience inquired: Del
aware and New Jersey are both Demo-
cratic staes, are they not?"
To which Mr. Bryan replied: "They
were not in 1885,
He continued 81 have read this letter
in order to show you that where a state
can gain an advantage from the incorpor-
alton of these great aggregations Of
wealth, it is not safe to place the people
of other states at the tender mercies of
the peop.e of such a state as may desire
to secure its running expenses from the
taxation of corporations organized to prey
upon people outside.
Il am ready to adopt any method for the
annihilation Of trusts one that l suggest
IS this: That Congress should pass a law
providing that no corporation organized in
any state should do business outside of the
state in which it is organized until it re-
cefves from some power created by Con-
gress a license authorizing il 10 do busi-
ness outside of its own state. Now, II the
corporation must come to this body Gre
ated by Congress TO secure permission to
do business outside the state, then that
license can be granted upon conditions
which will. in the first place, prevent the
watering of stocks, in the second place,
prevent monopoly in any branch of busi-
ness: and third, provide for publicity as to
all Of The sactious and business of the
corporation.
Amendment as Last Resort.
"Tf this is unconstitutional and so de-
clared bv the Supreme Court, ! am in
favor of an amendment to the constitu-
tiop that will give TO Congress power TO
destroy every trust in the country In my
iudpnoent. when you take from monopoly
The mower to issue watered stock you viii
go more than half the way toward de-
strOVipQ monopoly IN lNe OHllGu OtdteS.
"You can provide for publicity, and that
annually or at such other times as may
be decided upon, the corporation shah
make returns of lis business or its earn
ings and that will go another long step
toward The destruction of the principle OF
monopoly.
"sut | am not willing to stop there, and
therefore. as a third condition, l suggest
tbat no license shall be granted until the
corporation shows that il has not had a
monopoly and is not attempting a monop~
oIv of any branch OF industry or any
article Of merchandise, and then provide
that If the law is violated the license can
he revoked do not believe in the gov-
ernment giving privileges to be exercised
bv corporation without reserving the
riaht to withdraw them when those privi-
Ieges become hurtful to the people.
Dollar Above the Man.
"Mv contention is that we have been
nlacing the dollar above the man, that
we have been picking out favorites in gov
ernmeut. that we have been bestowing
unon them special privileges and every ad-
vantage we have given them has been
Given them to the detriment Of other peo-
n,e NV contention is that there is VIC
ious principle running through the various