The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-04-14

IN the past twelve months from 200 20 35S
the writer Of the article proceeds as fol-
lows:
IL Will be seen that, at the end of Feb
ruary, these 1853 combinations had issued
total OF S5,1lS, 500, coo of capital stock and
SH4'SS5ooO of bond obligations. These fig
ureS show an increase over those we pub
hshed year ago of 76 per cent. in the
number of institutions and 60 per cent. in
the combined stock and bonded debt,
winch indicates the extraordinary rapidity
with which the movement has spread
within the last twelve months What
proportion of the entire manufactures of
the United States has passed in this new
form of organization may be inferred from
the TACT that the census of 1890 values the
entire capital then employed in the man
ufacturing and mechanical industries at
$6,525OO0,000, which includes all the minor
or retail work done by small individual
proprietor5 This means that the total
capitalization of these combinations is
equal to 30 per cent of the entire man
ufacturing investment of $780,"
IF the process of consolidating under
the control of a single Individual, natural
or artificial, of the various branches of
the business of a kindred nature continues
in the same ratio as here indicated, it will
be but short time when five or six hun
dred corporate entities will control the en-
tire manufacturing and mechanical indus
tries of this country in number many
times fewer than those engaged in SINH
lar business on their own account when
this country had population of about
three and one-half millions and was strug-
Cling against the mother country for po-
litical, commercial and business independ-
ence.
Deprive the young men from q to 40
g.Fa 1T.
in the reasonable hope that by due dill
gence they may attain individual advance
ment by going into some line of business
on their own account, and you will de-
Stroy the esprit de corps of the people
of this country so essential to it's con-
tinued progress, and in time paralysis will
set in as it has done heretofore in the re-
publics of the past, and it will be first fe.t
by the impoverishment of labor and those
of moderate circumstances, in the end
destroying the forced customers of these
giant trusts, resulting incidentally in
strangling the prosperity and happiness Of
great people.
No Alliance with Great Britain.
This pressure of English competition
along the entire Northern boundary of our
country at the very time when 1t has be-
come so fashionable for a certain class of
to thoughtlessly advocate a political and
commercial alliance, offensive and defen-
siVe, between these two countries it will
not be deemed amiss to caution our peo-
pie against hasty action. Let us be In
fluenced by the natural as well as the fixed
policy of that nation towards US for
century and a half, rather than by their
profuse expressions of friendship during
the Spanish war. She is now and will
ever be our principal competitor in the
commerce of the world. Under such cir
cumstances 1t would be her greatest boast
in diplomacy to engender the animosity
of the other nations of the world toward
US by such an alliance. For then in case
the emergency should ever arise that our
country should feel it necessary to com
mand her to halt again in any of her flu
ture aggressions and she should refuse,
the United States would find herself with
out a friend in the sisterhood of ma
tons. A lively appreciation of the true
bearings of both nations will be the surest
guarantee of lasting friendship and peace
between them. Let the good old Ameri-
can international policy of each nation at
tending 10 its own business in the spirit
of fair play to the others assert itself
and let these knee-benders to all that is
English remember the advice of the
matchless Washington given In
hisz farewell address, in which
he says: The greatest rule of
conduct for US, in regard to foreign ma
lions, is, in extending our commercial re-
lations to have with them as little politl-
cal connection as possible 1T is our true
policy to steer clear of permanent aIli-
ances with any portion of the foreign
world From that moment the spirit of
peace commerce and honest friendship
with all nations, entangling alliances with
none proclaimed by Jefferson, has echoed
and re-echoed down the corridors of time.
Let the lovers of peace and friendship in
both countries familiarize themselves with
that part of Washington's address re-
| latng to foreign relations and it will pro-
mote good will between these two ma
| tons.
The Work of the Party.
Suffer me in bringing these remarks to
| a close to indulge the hope that the Demo-
cratic party will act in its national coun-
| ellis with a lively recollection of what is
due to the commercial interests of our
| country that the resources of our soil may
| be brought more and more under the COM
| mand of our people, that labor in every
| department may have an Increasing and
! not a lessenlng reward that our merchant
| flag may be restored with honor not less
| INDUSTRIOUS than that which accompanies
| the standard of our fighting ships, that
| the inventive genius Oh the idHu sinai DC
| proliic of good to the millions and not
merely to the millionaire, that the typical
| American, full of self-reliance and scorn-
| ing all governmental paternalism, shall
| assert himself, that the credit of the ma
| ton shall be untarnished, and, as in the
past liberty and property shall be alike
| secures
! "A word to the Democracy and I have
| finished. Let not the mere selfish thought
| of probable or possible party success alb
| sorb your time and thought instead of the
| desire to prevent evils that may threaten
our country. Remember the grand mis-
| sion under a representative form of gov
| eminent Of the party in opposition is
noble and lofty one. The organized exer-
! else of an intelligent and eternal vigilance,
! the price not only Of liberty, but good
! government Let this function be per-
! formed impassionately and faithfully for
| the purpose of watching over the acts of
omission or commission of the party in
power. If the evils become dangerous and
! oppressve such as the habitual violation
/ Of the principle of home rule by the ma
tiona1 or state government; fostering of