The Bellefontaine Republican. [volume] (Bellefontaine, Logan County, Ohio) 1855-1905, 1899-10-06
FREE TRADE TRUSTS

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The Latest Phasss OF Trust. Making In |
the Greatest Free Trade Country In |
the world-Ths Republican Party the |
Parent Of Antitrust Legistati
Legislation in this country on trusts
has been uniformly hostile, and the
greater part Of it has been put on the
statute books by Republicans. The
Sherman antitrust law was the work
Of Ohio's veteran statesman. The Nc
Kinley tariff law also contained q
rigid antitrust section, which was
practically destroyed when the Demo-
Gratis passed the Wilson tariff law.
The Mckinley law declared every trust
or combination in restraint of trade
unlawful, and inflicted heavy penal
ties. In nearly every Republican state
laws against trusts are on the statute
books, while the old Democratic state
of New Jersey is the home of trusts.
The corporation laws of New Jersey
were enacted by a Democratic legisla-
ture.
Havermeyer, the president of the
sugar trust, declares that "the protec-
tive tariff is the mother of trusts"
The sugar trust imported billions of
pounds of raw sugar just before the
Wilson law went out and the Dingley
law came in. Why did the sugar trust
do this If the Democratic Wilson free
| trade law was not more favorable to
it than the Dingley law?
Havermeyer's profits on sugar under
| the Dingley protective tariff law are
one-fifth of cent less per pound than
they were under the Wilson law. That
is why he is the champion of free
trade and attacks protection.
If Havermeyer had called the pro-
| tective tariff "the mother of industry"
| instead of "the mother of trusts" he
would have been stating truth, in
stead of putting forth lie. Prac-
tically every industry in the country
owes it's existence to the policy of pro-
lection. The number of factories
which have been reopened after years
Of idleness, the number of plants
which have been extended, the num-
ber of mills which have been enlarged
in the brief time during which the
Dingley law has been in operation, are
beyond computation.
i Havermeyer declares that refined
sugar receives no protection, yet the
sugar refining trust, of which he is
president, is the most extensive trust
In the United States, with the single
exception of the Standard Oil COM
pany.
Great Britain is the oldest and most
prolific parent of trusts. Great Britain
is also the most consistently free
trade nation in the world.
| London newspapers of August 26th
tell of the formation of a linoleum
trust in England, which is also to in
clude two linoleum mills in Rouen
France, in order t, get the control oi
important patents. In London papers
of August oath is an account Of pre-.
liminary steps for the formation Of .
wall paper trust, of which the Londor
Leader says: 1--WE ha already had {
number of big combines, and the yer.
latest is the combination of big manu-
facturers to keep up the price of wal
paper" and adds that those who de
cline to enter the combination viii
simply be starved out by the com
bine," which will have q capital o
$4,000, 900. Another trust recent.
formed in England is the Englisl
Sewing Cotton company, intended t.
control cotton thread mills in Englan,
and America Still another Is tn
Nobel dynamite trust, whose Chairman
| in a recent address to its stockholder
said that the trust owned and con
; troi1ed a large number Of subsidiar,
companies, and added, "it is of tn
greatest importance that our source
of revenue should not be revealed
There are considerations too delicat
to be touched upon which satisfy u
that it would be detrimental to you
interests to even name these com
panies. You may trust your direc
tors"
There are 16 iron and steel trusts 4
: Great Britain, II textile combinations
four paper combinations, IL rollin
| stock comb ms, and many more
The LondoD Economist recentl
printed a list of 1873 trusts in Grea
Britain. Fifty of these have been ere
ated very recently. They are fre
trade trusts. Protection can hav
nothing to do with them.
If protection were the mother Q
trusts" there would be none Of thes
combinations in England. Manifest
Havemeyer and his Democratic allie
are merely trying to fool the peopl