The daily sentinel., 1899-03-08

-.D
Csassstasa el Idls Eseag HsnsAy Il
1enst.l,asA a.A lEsss Ms.sy.
The whole system of trusts which -has
eastsnsd itsslf On the public Il the d.
ssst outsrowth Of the contraction caused
b. the gold standard, the contraction
q money. the contraction Of prices. val
~ and business, says the Atlanta Con-
stitutiom. How many trusts were to b
found in the country IS years agos
There was plenty Of money in oircula-
t3ou. It was what the gold men call
"unsound' currency. II was depreciat-
ID - compared with gold, but there
was plenty Of II, and the people had moi
the smallest need for gold. Tho "uu-
sound" currency performed all the func-
lions Of the soundest money. It held
out the strongest and most substantial
Invitations to individual energy and en-.
tsrprise, 20 that those who have since
gone into the profitable business Of
forming trusts had NO deld for the dis
play OF their genius
But since the demonstration Of sil.
VI. and especially since Cleveland's
violation Of the jaw in declaring the
obligations Of the government payable
In gold. the contraction IN business and
in all forms of industrial enterprise has
driven individuals and men with small
capital into bankruptcy. and has opened
for the trusts wide and an ever widen.
ing neld.
There IL no possible way 10 dispose
q the trusts 20 long a. business, prices.
values and currency are tied to tho gold
standard. Under the operations Of our
present currency system individual On.
srsy and enterprise have no deld what
sver. Everything il puahsd 10 the wall
except combinations Of capital.
The attacks Of many Of the newspa-
pers Of the country specially the New
York World-are wholly beside the
marx. They are ~ futile - they are
furious In the nature Of things theae
4 NO cure for the trust evils until We
remedy the cause that breeds them. So
long ~ we have the single gold stand
ard, 70 long must all business, prices and
values continue 10 contract And BY the
time this contraction reaches tho level
10 which IL 10 tending the trusts and
mouopolies will have charge Of every
enterprise md scheme which. under an
adequate currency system, was formerly
carried out BY individual energy.
The trust system oheapens tho cost o4
yroduotion. bat II does not oheapen the
prices the public have 10 pay. The
oheapening process that has been going
On 10 duo entirely to the increasing val
10 Of gold as compared with all other
commodities and all other species Of
property. Trusts arc not above human
nature, and they have taken and are
taking advantage Of their power to
squeeze the public. They are an evil,
and they constitute one Of the greatest
dangers the people arc called upon to
face. but they are the inevitable result
o6 tbs gold standard, and they cannot
b controlled until the great trust Of
trusts-the International gold syndioats
lis rendered powerless for evil. The
remedy IL in bimetallim and the In
crease Of our money supply.
The newspaper that upholds the gold
standard while fighting trusts 10 simply
throwing sand in the eyes Of the people.
The way to upset the trusts il to give
the people moro money to do business
On and money Of . kind that docs not
AUSoEU IA va4oo1p uos AOaV0 y AnA4 fsO-
portion In the possession Of the pro-
ducefs- The way TO restore competition
In business, In spite Of the trusts, 10 to
restore prosperity. This can b done by
placing our currency system on the
basis Of bimetallism, which means .
wholesome addition Of hard money 10 the
volume Of circulation; which means
higher prices, higher wages, expanding
business and rest<ration Of all forms
Of industrial developmsnt
Trusts are the result of hard times,
and hard times are the result Of scar.
city Of money, or, what IL worse. tho
congestion Of idle money In quarters
where 1t il utterly beyond the means Of
the people to command their due share
Of it - the result Of their labor. When
there 10 plenty Of money in circulation,
modest investments In business enter
prises have q chance against the trusts
and combinations, for when . plentiful
supply Of capital IL available trust will
antagonize trust and the whole system
fall utterly to pieces.
Under the present system Of currency
contraction, low wages and hard times
small and independent business entex.
prises have no chance against the tend
enoy to consolidation among Others en-
gagged in the same line Of business.
Business depression il the lever by
which the small enterprises are crushed
ont BY the large ones, which are able 10
A. n y L.