Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1900-07-06
OUR CANDIDATE IN 1900
ABUSE THE MARKETS.
On the Naked Plea of Overproduction
Disaster Hns Been Forced
Upon the People.


gagged in active industries, are much
given to discounting the prosperity
which seems apparent to almost every
one who is not profoundly thought
full on the conditions necessary to
and the Interruptions which are a
constant source to the necessary con-
ditions. Therefore it is that the hon
est masters of trade are constantly on
the lookout for an interruption of the
essential conditions which insure
prosperity. We're these dependent on
supply and demand it would not be
difficult to gauge the relations be-
tween the producer and the consum-
er, and If honest principles were in
control between the two forces, pro-
duction and consumption, the crisis
would in most instances be averted, or
certainly controlled within the small
est space of the business affected.
A large, intelligent lesson has been
taught in the last few weeks to those
controlling the productive market. It
1t notable fact that prices of stock
in all the actives had sailed into the
skies, and insatiate greed was doing
its full part to keep them to their
flight. The conservative buyers fully
appreciated the situation. They felt
that the specula tors had taken fear |
full hold on the manufacturing indus
tries, and the result could not be any
thing but disastrous. They would not
be losers. They could hold their hold
ings. They could give warnings and-l
thus prepare the public for the slump.
They could go. still furtherr They
aa,ullSaSfSSis.anis ts. rne s.;si0us element
!. iSI,,l n assaulted prices without
kli}sD cause, and who, 1t was claimed,
were amenable under the law. With
in day the slump came. Thousands
of people were ruined. A great enter
prise which had involved 100000, 900
to perform service which only re-
quired so per cent. of that amount
$3.50, 0Oo,Uoo) was struggling with bank
ruptcy.
There were other means Of disor
der which could have assailed the
ttSteel and Wire trust" other than the
one which did. Either of them would
have been as effective in destroying
the prosperity of the concern
strike or lockout would have been
highly injurious. Or combination
of the controlling interest in the stock
and other securities of the trust
would have worked deplorable dam
: age. On the naked plea of overpro-
duction this disaster was forced on
the people. It could not have been so
done had not Its principal officers
countenanced the movement, and thus
gave the strength of their names tic
the reduction of values. 1t seems
strange that no legislation can be en-
acted which will insure punishment
to those commercial outlaws. That i
is not reflects severely on the class O
people whom the public selects fol
the discharge of legislative life The
lesson taught in the above described
illustration is one which it is wisdom
to heed. The labor, the wage-earners
are less given to the destruction
of established industries than are
the men who are in possession of the
securities, and who speculate to lille
Ultimate returns on the capital the,
have invested, even though 1T be of
liquid haracter.--Cincinnati En-
uuirer.
A Republican Trick.
It the republicans in congress reall,
had q remedy for trusts, why did the,
hold 1t till the last days of the session
when it is impossible to get it through
The constitutional amendment Will
take years to become Incorporated in
that instrument. even If it is started
on its course Immediately. AS rem.
edy it is Joke. This report of the
house Judiciary committee is so trans
parently campaign dodge that ii will
fall fiat. The republican Mckinley ad
ministration has so diligently pro.
NOTED trusts and all their works that
pompous antitrust declaration by
congressional committee will not de-
ceive the people as to the party atti
tude on the subject. After election w.
shall hear no more Of the proposed
amendment--St Louis Post -Dispa tch
A striking example of the extent t.