The daily journal. (Salem, Or.) 1899-1903, 1900-09-22
Mr.. BRYAN -s
ON TRUSTS
Delivers a Speech On Them
at ST. Louis,
Presents Ms OWE Remedy---Perils Of hOnOp-
oIy---An Appeal 70 the
Pcopie.

oIy---An Appeal TO the
PcOple.
"The lament Of David over Absalom
| il one OF the most pathetic passages OF
| the Old Testament. The fact that the
son was i'm rebellion against civil as
/ well as parental authority did not shake
the fathers affection and the anxious
query, "Is the young man, Abealop
safe?" fingers in the memory OF all who
study the lIfe Of the great Hebrew King.
And yet the interest which David felt
in his son, Absalom, has its parallel in
the more than l0,OO0,OO0 families which
make up the American people.
81 would call the attention Of every
father and mother 10 the present pOliti.
cal and industrial conditions. l would
press upon them this question: "Js the
young man, Absalom, safer Are you
satisfied with the possibilities and the
probabilities which now open before
yOur son?
us he safe when foreign or domestic
fnaDciers are allowed to determine the
monetary system under which he lives ?
''Is lie haie when National banks con.
troll the volume Of money with which he
does business7
"Is he safe when the bond. holding
class determines the size OF the National
debt upon which he must help TO pay in
terest2
sis he safe when by means Of taxes
laid almost entirely upon consumption
he is compelled 10 contribute according
TO his wants rather than according 10
his pOssessions2
'fs he safe when corporate interests
influence as they do today the selection
OF those who are to represent him in the
senate Of the United States?
''lf be is a wage Garner, and you do
not know how soon he may be, even IL
he ia not now. is he safe when he is liza
bic TO be deprived Of trial by jury,
through the system known as govern
ment by injunction2
lis Tie sale, II a laboTing man, when
he is denied the protection Of arbitra.
tiUn and compelled TO submit to such
hours and terms as corporate employ
er may propose2
The Reign OF Monopoly.
"But / desire to call special atten.
tion TO the growth OF the trusts and 10
ask you whether your son is safe under
the reign OF private monopoly? When
there is industrial independence each
citizen Is stimulated TO earnest endeav-
or by the hope Of being able TO profit
by his own genius, his own energy, his
own industry. and his own virtue. But
when private monopoly reaches its
full development each branch OF in
dustry will be controlled by one or
few men. and the fruits OF monopoly,
like the divine right OF rule, will be kept
within the possession OF a few from gem
GRAFTON 10 generation, while the real
producers OF wealth will be condemned
10 perpetual clerkship or servitude.
When p ivate monopoly reaches it's full
development your son will buy the fin.
ished product at the price which mon.
opolv likes; and, II he works for wages,
he will work for such compensation and
upon such conditions as monopoly may
determine.
"Charles r. Flint OF the Rubber Goods
Manufacturing Company, in q speech
delivered In Boston on the 25th OF May,
1899, outlined the trust program with
great irRnkucss. In speaking OF the
advantages TO be derived from the trust
system, he said:
Raw material bought in large guam.
Titles is secured at lower prices When,
for instance, one man buys all the
WOOL the price OF wool will be 10 e
cred and all who produce wool will sell
at the price fixed by the trust.
"The second advantage is that those
plants which are best equipped and
most advantageously situated are run
continuously and In preference TO those
less favored
"This means that factories can be
closed In the smaller towns and busi-
ness concentrated in the large centres.
II means, also, that whenever there is
a surplus ON hand part OF the factories
can be- closed and the burden Of main
tanning prices thrown upon the wage
workers. There are already scattered
throughout the land idle plants, which
stand as silent monuments 10 the evils
Of the trust system.
"The next advantage mentioned is
lin case OF local strikes and fires. the
work goes on elsewhere, thus prevent
ing serious loss
"This means that monopoly can ab.
solutely control its workingmen, for IL
strike occurs in a factory in one state.
the factory can be closed down indefn.
itely while the employees are starved
into submission and, as the trust can
do the work in some other factory with
out serious loss, il is quite independent
OF the employees and can absolutely pre-.
scribe the terms and conditions upon
which they shall live.
Another advantage cited by MIR
Flint is that there Is no multiplication
Of the means OF distribution and better
force OF salesmen will take the place Of
large number
''This Is an intimation that under the
trust system the travelling salesman will
not be needed. When every retail mer-
chant must buy all goods OF one class
from a single company, the work can be
done by eamples, and no travelling men
will be needed, There will be no com.
petition between different factories, be-
cause all are under one management.
The first man TO feel this will be the
salesman, who will lose his occupation.
The next man 10 feel il will be the ho-
tel man, who will miss the trade OF the
travelling salesman, The railroad will
lose the mileage paid by the travelling
man the liyerymen will lose their best
patrons, and the newspapers will lose
the advertising, because il will not be
necessary 10 advertise when there Is no
competition. All this might be tolera
BILE VI the saying thus made went TO the
consumer, but as matter OF fact il
goes 10 the monopoly.
' My attention has been called 10 a
prospectus issued by the International
/ Steam pumn COmDanV. OFuRuiyed in