The Forrest City times. [volume] (Forrest City, Ark.) 1871-1919, 1900-09-21
tions which he terms as trus - formed
under McEinier


under Mckinley.
No Hope from Republicans.
During the present administration no
honest effort has been made to protect the
lican party controls the executive and the
legislative departments of federal govern
ment 1t can enforce the laws which now
exisi e,, II can propose and enact new laws.
the conduct of the republican party and
read the speeches of republican leaders.
anu sun believe the republican party sim
Inc republican platform on this ouee-
ton and the presidents letter of accent
ance. taken In connection with the party's
RECORD, prove conclusively that no relief
can be hoped for from that party In
stead Qf pointing out the evils of trusts
Sne republican leaders spend their time
In exulting over present conditions. The
trust Is a part of present conditions and
Mr Flint, from which l have already
quoted, declared that the formation of
large corporations was one of the I'M
portant features of what he described a
the present business activity. III republic
an leaders really regarded private monop-
Oily as an evil: II they really intended to ap-
ply an effective remedy, they would not
hesitate to denounce trusts and suggest
means for their determination. but they
express Tar more solicitude for the CORPORA
ton than for the people at large. One is
reminded of the picture which a mother
once showed to her boy to impress upon
CHRISTIAN martyrs. who were being thrown
into the arena and torn to pieces by the
lions. The boy looked at the picture for a
moment. and then his face frightened up
as he thought he caught the idea Pointing
down into one point of the picture, he said:
why, mamma, there is one poor little lion
tnat isn't getting Bit 1t is even so with
the republican leaders. Their sympathy
goes out freely to any corporation, which
IN their opinion is not getting its share, but
posed by monopolies upon all who are out
SIDE OF the charmed circle. Three sessions
OF congress have convened and adjourned
he has never recommended a specific meas
ure looking toward the overthrow of
Paper Money Trust.
AT the opening of the last session of
through the house and senate bill Great
ing paper money trust and surrendered
INTO the hands of the national banks COM
Just as congress was closing farcial and
hypocritical attempt was made to deceive
the public by the introduction of an anti
trust amendment and an antitrust bill.
The amendment was not necessary and
was intended to deprive the states of the
power which they now possess, rather than
to confer upon congress new authority.
This. vicious amendment was defeated in
the house by the democrats. The repub-
ncan leaders then confessed the amend
ment unnecessary by introducing an anti
trust bill, which was supported by the
democrats. but which died in the senate.
1ust as 1t was expected to Gle. The repub-
hcan majority in the senate referred the
bill to the judiciary committee against the
protests of the democrats. who urged it's
immediate passage. The republican party
during the compaign, and pays back its OBJ
legations by leaving the people at the mer-
cy of the trusts between campaigns.
Let US note briefly the effect of the
trusts upon various classes. Reference has
already been made to the commercial trav-
eler, the hotel keeper. the railroad, the liv-
eryman and the newspaper.
The Eject of Trusts.
"The lawyers are finding that with the
growth OF trusts the business is gravitat-
ing toward the offices of the big corporation
attorneys, while less fortunate practition-
ers are becoming law clerks.
The actors suffer from the theatrical
THE small manufacturer is constantly
rnenaced by the trusts.
He does not know at what moment some
large corporation will attempt to monop-
olize the business in which he is engaged,
and give him his choice between bankrupt
spiracy against the rest of the country.
Many have been driven into the trust or
ganization by the larger corporations en-
formed TO control iron, steel, tin plate, or
some other product used as basis for fur
ther manufacture. In what business can
your son safely invest small amount of
capital to-day? If ne starts into any inde-
pendent business he will find 1t difficult, II
not impossible, to compete with large or
ganization II II attempts to undersell him
in his territory, because II can sustain it.
self. by collecting high prices in other parts
of the country. If he suppresses his moral
he does not know how soon those in charge
may, attempt to freeze. out the smaller
stockholders.
1.-THE merchant is losing his independ-
ence. The trust fixes the terms upon which
he shall sell, and often binds him by con-
tract not to sell competing article. When
the monopoly is complete credit will be
shortened, and the merchant will be COM
PEELED to bear all the risks of trade. When
the trust raises prices. the merchant usual
ly has to divide the advance with his Gus
cerned, but when the trust overstocks the
market and then lets the price fall. the
ed stock. When, for instance, the Ameri-
can Steel and Wire company closed several
of its factories few months ago and threw
some 500 er,da employees y, 90 out "a Of % work It
in order to work off a surplus stock which
had accumulated because the high prices
had lessened the demand. Every merchant
There Is already overprOduction in
many lines The supply of common chairs
is now considerably In excess Of the de-
mand, but lest the republicans may try to
explain this upon the theory that the peo-
pie are too busy. to sit down, may add
that there is also dullness In the shoe trade
The Iron Age in recent issue pointed out
that the production of iron was falling off,
the decrease then amounting to more than
so, 900 tons per month. Dun's report of July
p stated that the wooden mills were run
ming at less than half their capacity; and
even recently the cotton manufacturers
have been threatening to either reduce
wages or shut down temporarily. Accord
ing to Dun's report, the business failures
have been greater during each month of
1900 than they were during the same months
of last year, and this occurs In the midst
of good crops. and when two wars are In
progress.
Trusts and Arbitrary Fluctuations.
1.-The contractor can figure with some ac-
curacy so long as natural laws CONTROL but
he cannot protect himself against the ar
bitrary fluctuations, which are not only
possible but probable when a monopoly
controls the market.
1.-THE farmer Is one OF the most fmpor-
tant factors in our national life. Some one
has said to him: The hand that guides the
plowshare feeds the world. He Is not a
stakeholder IN any of the trusts, but he
feels the extortion practiced by them all. /
am not farming on large scale, but the
misleading reports which have been circu-
lated concerning my oat crop Justify me in
making reference to my own experience.
THE New York Tribune recently printed a
dispatch from Nebraska to the effect that
I had Just sold 1880 bushels of oats at 30
cents per bushel (supposed to be the yield
Of 100 acres), and that the amount received
for the oats was more than double the
price paid for the land. The Tribune article
Then nroceeded to dilate upon the prosper