Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-05-26
Mr.. BRYANS GREAT SPEECH
Continued From First Page)


ployed are. first the union OF all in
dividual factories under one manage
ment. or in one corporation, and, sec
ond. the crushing out of new rivals. A
monopoly when once complete not only
dictates terms to those who buy the
product. but 1t also dictates terms to
those who sell the raw material and to
those who furnish the labor. If the
trusts are permitted to continue we
shall find an industrial aristocracy
growing up In the United States which
will prove as destructive of our ideals
as q landed aristocracy would.
PRINCIPLE OF MONOPOLY.
The principle of monopoly is incom-
patible with our institutions. Mans
necessities compel him to become pur-
chaser, and where there Is but one SELL
er the purchaser is completely at the
mercy OF the seller. Where there is COM
petition between producers, the pur-
chaser is sure to obtain what he wants
at q reasonable price. When competi-
ton is eliminated the price is con-
trollcd not by reason but by the greed
of the one who possesses the monopoly.
II has been said that the power to tax
is a power to destroy. a monopoly pos
sesses the mower to tax; 1t can levy
such assessments as 1t will upon the
purchaser and we can no more afford to
permit such n power to be exercised by
private individuals than we could at
ford to authorize private individuals to
use the machinery of taxation In order
to enrich himself at the expense OF his
fellows.
The government would be guilty OF
gross neglect If it permitted an indi-
vdual to secure monopoly even with
out legislative assistance. but il Is still
more culpable, If by legislative act 1t
furnishes the means by which monop-
oily is secured. The corporation Is the
Il hoe bf nok
to secure q monopoly. Since the corpo-
ration is ficticious person, created by
law, the power that creates can regu-
late, restrain or annihilate. To say
that the government is impotent TO pre-
vent the organization of trusts is to
say that it has called into existence n
1icticiouS person, and that the hcticious
person crea ted has become greater than
the creator.
WHEN THE TRUST HIDES.
One of the difficulties which has been
encountered in opposing trusts is that
the trust hides behind the Federal Con-
Stitution when attacked by State leg
islaton, and shields itself behind its
State charter when attacked in the
Federal courts. No remedy will be
complete that 1t nit cO-eXtensive with
the Federal government If the eXtin-
guishment of the trusts is left to State
legislation, the public at large will be
victimized as long as single State
will furnish robbers roOst where the
spells collected i'll other States can be
divided.
THE PEOPLE STARTLED.
Just now people are startled by the
principle of monopoly as it manifests
itself in the industrial trust, and well
may they be startled. The principle,
however, is the same as that which
manifests itself In the effort of the Ma
tional bankers that secure a monopoly
or the issue of paper money.
THE GREENBACKS.
The greenback is "a rival of the bank
note, and its presence Is Il constant me-
mace TO the banks of issue Some who
recognize the evils that flow from n
soap trust, seem indifferent to the dan
gers that attend the forma ton of Il
paper money trust.
The principle of monopoly not only
lies at the foundation of the attempt
to destroy the greenbacks, but 1t les the
controlling principle that underlies the
crusade against silver as standard
money. Between 1850 and 1860, when
the production of gold was increasing,
and the production OF silver was small
three nations demOnetized gold and
gave TO silver monopoly OF mint priv
lleges. Early in the EOS the financiers
hecame alarmed at the Increase in the
production of silver and consplred Ia
destroy silver as Il standard money and
give monopoly To gold. the production
or which. at that time, was stationary
The standard money trust is not only
the parent trust, but is in the hands
of foreigners.
REPUBLICAN PARTY IMpOTENT
The Republican party Is impotent 10
destroy the trusts. II Is controlled By
those who are interested in trusts. and
It's campaign funds and sinews of war
are supplied by the trusts. The policies
FOR which 1t now stands disregard the
interests of the producers of wealth and
give the money considera ton which
is denied to the individual
LINCOLN'S WARNING.
Abra ham Lincoln. in the very begin
ning OF his Presidential career warned
the country against the threatened AT
tempt to put capital above labor in the
structure of the government Modern
Republicanism Is fulfilling the prophecv
made by Lincoln. ii is putting the dol
lar above the man.
DEMOCRACY'S ATTITUDE.
The Democratic party Is opposed n
the principle of monopoly wherever Il
manifests itself. 1t has declared war on
n 4 ~