The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1899-03-17
riDy5TRlAL

INDUSTRIAL DEspoTISM.
"A list IT the larger trusts incorpo-
rated in New Jersey-thirty-two In
number-represent in capital stock an
aggregate sum Of $1,20S, 1865 300. Or
nearly a billion and a quarter dollars.
lhls is an average of about $40,O00.-,
ooo per trust. In 1928 there were In
corporated in New Jersey 1,103 COM
panles, with a total capitalization Of
$Sl0,S4O,0O0, nearly a billion dollars.
There are about 10000 chartered conf
panles doing business under New Jer-
sey charters. More than a billion dol
lars OF trust stocps represent not II
dollar of investment in New Jersey.
The Jersey people reap a rich harvest
from their liberal corporation laws.
The amount received from the corpo-
ration tax was 81, 1877 7O in the year
just closed, collected from 5,022 COM
panles, II added to the fees for the
1lling Of certificates, Sligo, 16s, makes
a revenue from this ource of 2,3o9,l9S-
Wherefore there is no need of a di-
'PoiA II pCopAS VI - SSNS"
lor the expenses of government
flttsburg Post.
One Of the evidences of marvellous
prosperity during the year lately
closed, due, of course, to the magic
of the advance agent" and his fol-
lowers, is seen in the activity of the
New Jersey trust mill. But it appears
that the legislature Of that state has
under consideration a ASH which
may drive the business Of manufacture
ing corporations into some other state.
A bill has been introduced changing
the tax from $40 a year for each mill
lion of capital stock of any corpora
ton over 5000, 900 to $500 for each
million over $4,000, 900, or nearly six
and a half times as much. The Jer-
sey legislators may think they can COL
lect the additional tax for the reason
that the trusts cannot reorganizc un-
der the laws of any other state with
ont mourning disadvantages from
which they would suffer more than
they would by paying the additional
tax. However that may be, we may
expect the combines to multiply and
thrive as long as a motive to their Or
sanization is supplied by our tariff
laws. OF the thirty-two great COM
bines above referred to all but five are
protected by duties ranging from thir-
ty per cent upward, and all but two
are protected by our tariff or other
laws to some extent.-Chicago Chron-
icle.
The old sticking point in the adop-
ton Of Il scheme of reciprocal trade
between The United States and Canada
is the abolition of the tariff on forest
products. The only opponents to alb
clifton are the trusts. The trusts
would lose by reciprocity a percent
age CT vheir unearned profits; the peo-
PIE CT the United States would gain
in choapenod timber, lumber, pulp,
paper, and the multitudinous articles
Of which wood is the rag material, in
cludiNg books and newspapers. and
they would also gain in the widened
'i'i - 'lNi1u w " GIL plollClS VI
their factories. The American joint
high commissioners will, therefore,
have to make a direct choice between
the interests Of the people and the in
tcrcst & their plunderers. They will
have t. reject a demand upon the part
Of the Canadians which is in the ma
turc OF a prOifered advantage and an
invitation to continued amity or else
pull dO"n the tariff obstruction. The
nation will know that the trusts have
been able for their sordid and self
seeking ends to thrust themselves as
an obstacle in the way Of better IN
dersta1ding and better trade relations
between the two great English
speaking countries of America.-Phil.
adelphia Ledger.
What hope has a young mechanic Of
up a shop Of his own and in
time working up to a manufactorv 40
Of the older men in the business:
were able to do? He goes into q shon
CT factory and learns to do one thing
only ard that mechanically as part
Of the machine he tends. Suppose
that by some unusual piece Of good
he gains sufficient knowledoe
and & little capital to set up a small,
factory. He can do nothing in COM
petition with the great concern hat
undertaken to ~monopolize that
particular industry in which he is trv-
ing to make a living and win h;s wow
to the front. If he makes headwav
enough to come under the obsnrvation
his big competitor he is soon brush
aside and his place is closed. The
Suture threatens to be worse. Without
large capital at his back to fight bic
way into a trust" or to organize ono
himself he must be content to become
/ wage worker, pOWerleSS to ro.;