The Monticellonian., 1899-09-22
Raiisss D.sesitaination.


 of the tree and make monopoly impossible by law.
 Raiisi DssesiHaination.
 Ut has been suggested that discrlmina- tOn by railroads has aided the trusts There Is no question that discrimination faVOritiSm, secured 0y oHe corporation against another producer and d rival, has been largely instrumental III enabling d desired monopoly to become practically a complete monopoly. Now that can be reUeiied by laws that will prevent this discrimination nd Nhen We prevent the discrimination, still monopoly may exist. The remedy must be complete enough to prevent the organization of q monopoly. Now, what can be done to prevent this2
 Mir. Brtnn's Idea.
 We have state government and fed eral soVeTI Tclt and while this dual form Ot government has its advantages, yet both state and nation should have con current remedies. 1n 4Ae first place every state has. or should have, the right to create any private corporation which in the justice of the !zeeale of the state is conducive to the welfare to the people of that state. l believe that we can safely intruSt to the people of state the settlement of q question which concerns them. If they create q corporation, and 1t becomes destructive of their best inter ests, they can destroy that corporation, and we can safely trust them both to create and to annihtlIte if conditions make ,anninllation necessary. In the sec ond place, the state has, or should have, the right to prohibit any foreign corpora tion from Going business in the state, and 1t ought to have, or has. the right to i'm pose such restrictions and limitations as the people of the state may think neces- sary upon any foreign corporation doing business in the state.
 Also Federal Remedy.
 'I believe, in addition to state remedy there must be a federal remedy and I be- l lleVe that congress 'Ias, or should have, l the power to place such restrictions and limitations, even to the point of prohibit ton. upon any corporation organized in i one state. that wants to 60 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 l tton; that they shall. secondly, decide l whether they want any outside corpora 1 ion to do business in the state, and, if so upon what conditions, and thirdly, l that congress shall exercise the right to place upon every eorpoaati9n doing bust 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 ths point read the fa- nous circular letter advertising the incorporation laws of Delaware He commented sareastically on advan- 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 Mir. Bryan replied: "They were not in 1896.
 He continued:
 q have read this letter in order to show you that where q state can gain an ad- vantage from the incorporation of these great aggregatious Of wealth, it is not safe to place the people of other states at the tender mereies of Be3pte of such state as may desire to ecure tts running ex- penses from the taxation of corporations oI Sanized to pray upo1 people outside
 Method to Annihi1nte Trusts.
 "One method for The annihilation of trusts has occurred lo me, and to me 1t seems, complete method. It may not commend itself to Eou. It 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 1t receives from some power created by congress a license authorizing il to do business outside of it's own state (Ap- plauseJ Now, if the corporation must come to this body created by congress to 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 DI Ine corporation. IT II Is constitutional and so declared by the su- preme court, I am m favor of an amend. ment to the constitution that will give to congress power to destroy every trust in the country.
 Destroy the Principle of MonopoI,
 'In my judgment, when you take l from monopoly the power to issue stock not represented by money you will go 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 retirns of It's pusi. ness, and when you provide for pub. .cty so that the public shall know just wha. | there Is in the corporation, you will go another long step towards the destruction l Of the principle of monopoly.
 "A third condition, l suggest that this | license shall not be granted until the cor. poration show that it has not had d 1 monopoly and is not attempting d monop. l oly of any branch of industry or any ar- ticle of merchandise. and then provide that if the law is violated the license can l be revoked.
 Now I may be mistaken, but it has seemed to me that this method of dealing with the trusts would prove an effective l method. "
 T do not go as far as some do, and say that there shall be no private 1 corporations but 1 Say this. that a cor l poration is created oy law; 1t is created 1 be permitted to do d thing that is injuri- ous to the public good, and if any cor p9ration pT%Ho enjoys joys any privileges to-day 1 privileges ought to be withdrawn from it. As to Individuals.
 A delegate asked: Would you ap- ply that to rich individuals also. say if Rockefeller did it on his own ac- count? ?"
 B"ran-We have not reached the i point yet where an individual has been able to do harm, and, 1T. Ey judgment. i if We woIld abolish those laws that | grant special privileges and pick out men to be faYoritts of the government, no man, by his own brain and muscle, could ever earn enough money to be harmful to the people
 What the government gives thegovern- meut can take away. What the govern ment creates 1t can control. and 1 insist | that both the state government and the federal government muat protect the God. made man from the lndl4-mIde man, whom We started out with.
 Bryan's Remedy for Trusts.
 Put the industrial system of this na- ton in the hands of few men and let them determine the price of all material, let them determine tne price of finished | products and the wages of labor, and | you will have an Industrial aTistOcracy besides which q landed aristOcracy would be an innocent thing. in my judgment Place the food and clothing and all that We eat and wear and use in the hands of a few people. and t would be a govern ment of the syndicatcs.
 For one hundred wears the best men of