The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-02-14
APPEAL TO PUBLIC
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Continued From First Page.
nhrase. we term trust magnates." They
hold and control blocks OF bank STOCK.
They sit upon boards Of directors Iney
are In position to extend = or TO dsny
credit, to make prices Of securities rise
or fail, and to enrich or ruin men en-.
gagged In great enterprises; As trust
magnates they compel their banks TO re-
banks they finance the trusts in , Whicn
they are Interested. Since TINS allah ha
amounts to a community or interests pc
tween the trusts and the great panns;
IT is clearly expedient that the controi
of the volume Of the circulating medium
of the nation shall be delivered over to
banking or other corporations.
TELEGRAPH AND RAILWAYS.
AS to the monopolies created by tele-
graph and railway franchises y IS oU s3en
whatever is taken in the direction OF
destroying legalized privileges. The tel
egraph Is q natural adjunct TO the post
Office. In most other countries II mas !ong
been managed as a part of that public
service, to the great advantage o! Ing
people Left in private hands, as 1t mas
been here, it has operated to the mani NJ
fest detriment of the public. Through its
determinations a gigantic. press censor,
ship is maintained, Inventions calculated
to promote the use of electricity In the
pressed oppressive purposes of the rail-
road combinations have been suDSerVed,
and a powerful corporate agency Tor the
corrupt manipulation OF laW-apldlns bod
les has been maintained.
The privileges created by railroad fran
chises are complex in their ramifications,
and when concentrated IN private hands
are incalculably potent. SO concentrated
they have enabled a favored few to mo
nopolize most Of the resources OF this
richly endowed land, and by creating a
distinct privileged class have served to
disturb the equality OF Amerlca IN cit rate
and terminal facilities they have furnish,
ed the basis of nearly every commercial
trust with which the people today are
cursed. The coal trust is vitalized by
every privilege; the oil trust could not
have acquired its power without them;
the beef trusts and the grain elevator
trusts depend upon. them; they make the
steel trust flourish and from express
combinations down to newspaper agen-
cies. from hack rights at depots to freight
DETERMINATIONS, host of minor trusts
succeed in all the individuality they have
as monopolieS by railroad privileges.
LAWS INADEQUATE.
Those privileges must be abolished.
But they cannot be abolished by re-
strictiye laws. No less important an Of
fetal than Chairman Knapp. OF the IN
terstate commerce commission, test1fy1ng
before the Industrial commission, has
sworn that notwithstanding the restrict
i've and penal clauses of the interstate
commerce law, every discrimination is
universal. In the nature Ol tulUSS IL
must be so. Railroad monopoly can no
more be regulated by restrictive law
than railway engines can be held in check
with cotton Irvine The only possible
method of abolishing railway privileges
ifs by abolishing private ownership Of
railroads.
Believing that these recommendations
for initial action against trusts to offer
the line Of least resistance In the right
direction for the union of the largest
number of persons sincerely opposed to
trusts we invite the cooperation of our
fellow citizens in the movement for the
preservation of our country from trust
control.
THE PLATFORM.
Whereas, in the opinion Of the national
antitrust conference, assembled at Chi
cago, Feb. IL, Is and IA, 1900, the just and
true remedy for the combinations known
and natural persons controlling legal1zed
and special privileges, is the abolition of
those privileges.
Whereas, the legalized privilege of. tel
egraph monopoly, the legalized privilege
of protection against foreign competition
with American goods controlled by trusts,
the legalized privilege Of monopolizing
the issue Of paper money and the legal
lied privileges incident to the private
ownership of railroads, are potent fac
tors in creating and maintaining trusts;
therefore, be 1t
Resolved, /. That congress take imme-
date steps, under the power Of eminent
domain. or otherwise as may be deemed
paying the just value, irrespective of