Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1900-10-04


or compels the manufhcturer to furnish
the best goods for tie lowest possible
price?
In a little book dosGribed ms an "In-
vestment Guide ami issued In 1900,
by Henry Clews & 81, bankers, / find
q list of large COMBINATIONS, together
with a brief dissertation Of the bust
ness done and aavahtages secured by
consolidation. In some instances an
estimate is given OF the output Of the
company as c0Mparea with the total
product Of the United States.
mfr. Bryan then gave a list Of a few
of the corporations organized since the
last presidential election, and contin-
ued.l
No Hope from republicans.
During the prescpt administration
no honest effort has been made to pro-
tect the people from these monopolies.
The Republican pnfiy controls the ex-
ecuflge and the legislative depart
ments Of the federal government. It
can enforce the laws which now exist;
II can propose and enact new laws,
but It docs neither. No persons can
watch the conduct Of the Republican
party aud read the speeches Of Re-
publican leaders. ans ssill believe the
Republican passs slnterA hi It's dec
laration against the trusts.
The Republican platform on this
question and the presidents letter OF
acceptance. taken in connection with
the pnrty's record, prove conclusive
" that no relief can be hoped for from
that party Instead az pointing out
the evils Of trusts the Republican lead
ers spend their time IN cxultlng over
present conditions. The trust Is q part
Of present conditions. and Mr.. Flint,
from which have already quoted, de-
clarcd that the formation 81 large cor
poratlons was one Of the important
features Of what he described as the
present business activity. III Repub.
lean leaders really regarded private
monopoly an evil; IL they really In
tended to apply M effective remedy,
they would rot hesitate 90 den0unce
trusts aud suggest means for their
determination. but they express far
more sollclludc for the corporation
than for ihc people NJ large One is
reminded Of the picture which n moth
or once showed 60 her boy 90 impress
upon bic youthful mind the suacriuga
Of The Christian Martyrs. who were be
ing thrown lHto thc arena and torn
10 pieces hy the lions. Tho boy looked
at the picture ftt a moment, md then
his face frightened an 90 DE thought
De caught fhr ifra Pointing down
into one point az the picture, be- said.
''Why. mamma. there o. one poor IT,.
tie Hon Tint isn't getting "a hit." IL
ls even ~ with tho Republican lead.
era Their sympathy gees cut freely
10 Any corporation, which ln thelr
opinion IS not getting iis slarc, but
they are not moved by the hprdsbiFs
imposed Us mouapollcs upon all who
are outglds 81 the charmed circle
Three sessions ~ congress have e0H-
Fcucj and adjourned since ihc presi-
dents Inauguration and vet be has
never recommended a specific measure
looking toward Tire overthrow of mo
HOpullrs
Ihc Eusst Of Trusts.
Let us note briefly tie effect ~ the
trusts upon various classes The
iawyers are nadiuE shat With the
growth Of trusts tbo business la
gnyltatjug toward the Offices 81 the
big corporation attorneys. white less
fortunate practitioners nre becoming
law clerks
The actors suffer from the theatrical
trust
The small manufacturer ia constant
~ mcnaecd by 'ha trusts
he docs not know az what moment
some large corporation VII attempt 20
mouopol'ze tBc business IN which no
~ engaged, Hwl give bin h.s choice
between bankruptcy and participation
10 an industrial conspiracy against the
rest " the country Many haze been
driven into TIE trust organization by
the larger corporations engaged Ia the
same business OF by trusts formed 70
control iran, steel, tin plate, or some
other produrt used as q basis for fur
thor manufacture. ~ what business
cnn your son safely invest a small
amount OF capital today3 II he starts
Into any independent business be ~
dad 10 diGicall II not impossible,
compete with n large organization
IL attempts o. uudrrsell him 10 his ter
ritGry. bCc8uN L can sustain itself, by
collecting high prices In other parts
~ the county II he supprcssos his
moral objections and takes stock In a
monopoly, be- does not know how soon
those ~ charge may attempt to
"frccze out the smaller stockholders.
The merchant Is losing IFS iudcpendo
encc The trust hxcs tho terms upon
which hc shall cell. aud often binds
him by contract not 60 sell a compet-
Ing article when the monopoly n
complete credit viii be shortened, and
the merchant will be compelled TO
bear an the risks Of trade. When
the trust raises prices, the merchant
usually las 90 divide the advance with
his customers, 80 far as stock on hand
Is concerned hut when the trust over
stocks the market and then let's the
price fan, the merchant must bear the
loss on accumulated stock. When,
for instance, the American Steel ana
Wire company closed several of It's
factories a few months ago aud threw
some 1900 employees out Of work, It
dropped the price Of nails and barbed
wire IN order % work or surplus
stock which had accumulated because
the high prices had lesSened the de.
mand. Every merchant lost money on
the nails and wire on hand.
There Is already overproduction In
many lines. The supply OF common
chairs Is now considerably In excess
OF the demand, but lest the Republic
ans may try to explain this upon the
theory that the people are too busy
to sit down, ] may add that there Is
nlso dizziness In the shoe trade. The
Iron Age In recent issue pointed out
that the production of iron was fall
ing off, the ~ crease then amounting
to more than $1,000 tons per month
Duns report Of July 81 stated that the