The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-10-21

genius of the individual Every fac
I tory closed throws men out of employ
ment. Every man thrown OUT of en-
plOyment becomes another bidder for a
job, and the more bidders for jobs the
less price there is paid for labor. Every
one of these unlawful combinations IN
creases the price OF living, but they 10
not increase the wages of the sWorkerS.
Take the window glass trust as an il
luStratiOn. That has increased the price
of window glass 100 per cent, but 1t
has not increased the wages of It's
workers 10 per cent. Trusts are not
benevolent institutions They are rec
oSnized by the common law as crimi-
nal conspiracies. From the time of
Blackstone every conspiracy to arbi-
trarily fix the price OF the neceSSarles
of life has been considered criminal
What we want is an administration
that viii not sell itself in advance to
these concerns in return for campaign
contributions. We want d president
like William J. Bryan, who publicly
obligate himself 10 appoint an atUOT-
, trusts without fear or favor
The Republican position upon the trust
question is one that confuses the aver
age man. The Republicans declare.
l. There are no trusts
,. Trusts are a good thing.
8. The Republican party will sup,
press the trusts
1 put to you the question as TO
whether Won can afford 10 leave the
suppression Of the trusts 10 a party
that says through its leader and cam
paign manager, Mark Hanna. that
there are no trusts That has declar-
ed, through its speakers, that trusts
are a good thing2 That insists, as Sen
atOr DepeW states IN his speeches, that
there are some trusts that are good
and some trusts that are bad, and that
the Republican party in due time Will
sort ont the bad trusts from the good
trusts and dispose OF them
Bridget" said the lazy OF the house,
''you.sleep too much ''Oh, no, ma m, -
replied Bridget, 1T is not too much
I that i slape, it is a very slow slaper
! that / am The Republican party viii
not with any rapidity endeayOr TO do
away with these creatures of the stat
ute that make il possible for them 70
| prosecute the kind of campaigns in
/ presidential years that they depend up
on TO place their candidate in Office.
THE FATE OF MoNNETT.
/ We have evidence as to how the
! Republican party will suppress the
/ trusts by the manner in which AttOr-
| ney General Monnett of Ohio, that hon
/ est, brave and incOrruDtible Republi-
| can, was trea ted He started a VigOr-
| Gus prosecution Of that giant financial
1 octuDus, the Standard Oil trust. This
! great. corpora ton is the one which ere
I
! ROckefellers. II not only controls the
/ kerosene oil industry. but il owns rail-
! roads, iron mines, foundry and COM
| mercial institutions. and IN addition
/ controls eleven great banks and trust
l COMPANIES which have a total capital
/ of $50, 5000 0O a total surplus of 44.023, =
! 734; total loans of S343. $4,000: govern
] ment deposits Of 81, $40 100, and total
/ deposits Of all kinds of $452, G92, eco
t Nearly one-fifth Of the entire amount
! OF money in circulation IN the United
/ States IS deposited in the vaults OF
/ these great banks and trust companies.
I The financial power. the political pow
/ er, thus concentrated under the con-
( troll of the ROCkefefle-s, can scarcely
4 be imagined. Impelled by his oath of
/ Office, Mr. MOnneLJ brought suit in the
/ courts Of Ohio TO curb the growing,
/ dangerous power OF this great concern.
/ All legal obstacles which eminent law
/ yers could bring TO their command were
, placed in his way. Every trick and
| artifce known was resOrted TO, but he
pressed on. Then he was threatened
| but ne feared not. Bribery, that potent
| instrument Of these unlawful inStitu-
lions, was reSOrted TO. and 100000 were
! offered that conscientious public Off
Z cial, and he spurned the suggestion He
/ continued the fight and was pressing
/ his adversary to the wall, when the
( election came and he was d candidate
] for denomination Then he felt the
/ strength of the combine The Ohio Re
publican machine, under the direction
/ of Mark Hanna, hunted him down in
I convention. and. following him from Of
flee, forced him out OF the Republican
party. That was the reward he receiV-
ed for his official honesty Today, with
his voice and his influence, he is aiding
! in the election of William J. Bryan
fully convinced that The welfare of the
| people and the safety and peFpetuiJy
of no
cess of the Democratic party
THE TRUST IN UTAH.
We need not go outside of Utah &c
study the effects of trusts. We have
/ them right here at home The greatest
| and the most notorious is the Smeltel
! trust. That corporation is capitalized
for So, 900, COO. 1t bought up the plant:
of the smelling concerns at a high Tig
ure. and then added water" 10 its
stock for the promoters and the ma
| nipulatOrS- 1t has the mining industry
of Utah by the throat II has substan-
| TALLY para yZed enterprise, and II hay
/ disCourag ed . DrOSDectOrs- Its smelJel
| charge Tor SiiciOuS ores IS from 81
per ton to $14 per ton and even higher
| Its rates are fixed by what the traffic
will bear It has no competition anC
it fears none It arbitrarily fixes The
price of lead by contract, months II
| advance OF the delivery, without re
| gard 10 the IdTllL OF the law o. supply
and demand. Every miner who drive;
a drill; every DrOspectOr in the grand
old hills who posts his location notice
upon d claim; every man who is strug
Cling TO develop mis- property; every
capitalist who invests in the business
OF mining, is helping 10 pay interes
upon its fictitious capitalization
has the future of the state in il:
hands, and it shall be permitted 70 con
tinue on its course unchallenged. /
was shown by g, recent article in TIT
Salt Lake Herald that there is a prof
in treating our silicious ores at q smell
ter charge OF IS per ton, and that TIT
ore producers of Utah could build al
! independent smelter, pay u per cen
dividends on the actual cost of TIT
plant and, taking the present output o
our mines as a basis for calculation
save in addition $1,000,O00 per year il
smelter charges. But, let an independ
ent smelter be erected and try to com
pete with the trust, and il would b'
wiped off the face OF the earth and IL
plant would be closed and presented a.
a trophy OF the great concern which
has taken the courage from the hear
OF the DresDectOr and which has tn
future Of the mining industry of Utal
u under its control.
THE ICE TRUST.
rr,a--a - o,,1x- ono +r,,e+ IN thu Who'll