The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-06-15

that irrespective or the form of doing bust
ness, individual or corporation, the people.
tEat Is. the consumer. would be protected.
As the tarim laws are and have been IL
IS the consumer, l. e.. the great mass OF
the people. who has terribly suffered TO the
great ~vanta OF the few Of the business
FREEZES OUT COMPETITION.
The sugar company undoubtedly tries TO
do its utmost to enlarge its business. but
does 4. in a way which they consider the
only proper one. 1. e., by making the price
so low as TO defy competition.
1T Is my opinion that corporations are
under no obligation whatever to any Of the
States for their existence. Quite the re-
verse. The States are under obligation TO
them II the plant of these industries con-
soIidated was capable of being put on
wheels and moved from State TO State. you
would find very active bidding for them.
1t Is not an unusual thing for certain To-
caIiLies to guarantee free taxation for
twenty years. free water and, in some IN
stances, give the land TO corporations 10
have them oragnize under their statutes
and locate I'm their States
Hostility TO capital meets with Its own
condemnation. This Is illustrated by the
situation IN New York. where a discrimina-
fion against capital has prevented It's en-
ployment and driven 1t elsewhere. resulting
In a greatly increased tax rate and a tend
ency TO increase the number OF the I'M
employed
All Il nave 10 say ABOUT ITduc OISdll1Ld-
ton and strikes IS that. without violence.
they are natural. They have one objection.
however; their tendency 10 reduce all labor
Business is not philanthropy. Capital
and labor will adjust their own relations
II they are let alone. Interference always
operates against one or the other. That
means to the disadvantage of both
There is no such thing as monopoly In
these days except that which results from
patents and copyrights.
The true Communism of pelf' Is the GUS
toms tariff bill II says TO the people:
Here Is the law We have enacted Tor your
robbery. Do not complain of il, but do your
utmost to attack and inJure the machinery
engaged IN extracting from you what we
leelslate shall be taken from you. keep up
the csatter while the voters on the tariI
bill take advantage or the noise 10 enact
laws that cause your impoverisnment and
thus contribute TO the greed and avarice of
There is a prevailing hostility TO wealth.
This Is perfectly illogical. Every one wants
possession. which Is opposed to public IN
ferest. This hostility finds its outlet in hos
ton. All this is probably unconstitutional.
1t Is directly against the interest OF the
very class mean the poorer ciass-wnom
CORPORATIONS DEFENDED.
sCorporations. whether directly such or
IN the fern of trusts. are the expedient
for uniting the interests of a large number
OF persons Of smaller means into a large
aggregation Of capital. Attack upon them
IS. therefore,, an attack upon their stock
holders In the case of many well-con-
Quoted corporations the stockholders are
very numerous and are often persons OF
moderate means dependent upon their in
come for their support
In the absence OF all disturbing causes
the direct tendency of a combination OF
capital Is to promote economy, reduce ex-
penses and diminish prices. Tnis does not
mean that a person having anything to sell
will not get Tor IL the largest price That
he can IL means that with the abundance
OF capital ready for investment. when rs
always found everywhere, the only way 10
prevent competition is TO keep prices below
the competitive point.
other enterprises requiring large capital
either are impossible unless through the
fundamentally OF corporations or are posi-
Bile only through the action of individuals
themselves possessed of unlimited capital.
1t IS easy TO see what in the latter case
would happen 10 the
One form in which hostile action mani
tests itself is by legislation which is IN
tended 10 keep corporations and their proc
lation in some States takes the form OF bills
which permit citizens to buy goods and with
,mP1 ayg, to refuse EN- Sssb 70 pay f or o 5hem' states ans
the attempt Is TO exclude articles which are
of prime necessity. If the producers OF such
10 keep their commodities out of the State
st Is easy 10 see what would result; either
the people would be compelled 10 go with
out. or they would be forced 10 pay an IN
Trade will always take care of itself. If
IL Is left TO pursue ordinary channels A will
6se to IL that b does not have any extraor-
binary advantages. 1t Is only when the
State interferes that the situation is created
Of which advantage can be taken against
the interest of the community.
In these days there are two forms, and
only two FORMS. of monopoly: One, that
which results from a patent and copy
rights. 1t Is universally recognized tnat
this is in the interest Of. not against the in
terest of the public. The other, that which
Tariff for revenue need not TO be consid-
cred Tn expenses of the governmnt must.
Of course, be provided for. Tarif for the
purpose OF equalizing against foreign boun-
ties or foreign discrimination does not need
TO be justified Beyond that there is no ex-
cuse for giving to one industry a protec-
ton OF 10 per cent. as against 4 per cent. for
another. or any more tnan 10 Per cent. The
result Is that the government feeces the
community at large in the interest Of some
favored industry.
1T must be kept in mind that this is a
rich country, not a poor country. 1t must be
kept In mind that the object of everyone
Is to make the country stronger, wealtnier.
more important. more influential.
,eeisIation against mssi corp 20 mhlus If Followed Followed
to its legitimate results. would make the
country less powerful, its people less pros
which comes from the richness OF the land
and its people"
"Citizens are divided into two classes-the
Industrious and those who wish to live on
the Industry or others. 1t is they who are
without capital who are hostile 10 1t. This
y only another mode of stating the obvious
proposition that Ii Is those who are without
means who wish to have IL without work"
SURVIVAL OF THE FITTEST.
Mr. Haveneyer's statements aroused grea,
interest. and the next three hours were de-
voted to answering questions asked him in
rapid succession by members of the commits
sion. He at first declined TO state whether