The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1900-07-27
THE TRUST QUESTION.
closely Allied 10 the Monetary Prob-
lem-Monopoltes the Result
Of Falling Prices.

understood thar the money question.
The appreciation OF money is SLOW,
while the rise in the price Of trust-made
articles is sufficiently rapid to attract
alton ton. When prices fall little
each year. the friends OF a rising dollar
talk about over-production, improved
machinery, etc; but when prices rise
rapidly and the trusts declare large
dividends, the connection between
cause and effect is so direct and obvious
that only those blinded by partisanship
can fail to see II.
The trust question was in the cam
paign of 1896, and the menace of the
trust was then pointed out, but the
warning was unheeded. Now the heavy
hand of monopoly is laid upon so many
that there is growing protest against
a system which permits few men TO
control each branch of the industry,
fix the rate of wages, the price OF raw
materials and the price of the finished
product. Until four years ago no re-
publican of prominence defended the
trusts; now the republican leaders
speak of the trusts in guarded terms.
The Ohio platform recently adopted
demands that "so-called trusts shall be
regulated from time 10 time and so re-
stricted as to guarantee immunity
frsn hurtful monopoly" The word
"hurtful" is as broad as charity. and
enables the trust defender TO shield
every trust behind the plea that it is
not hurtful. A monopoly is not hurtful
TO those who operate it, and il they can
control the government they viii be
sure to decide that it 10 not hurtful
TO anyone.
The recent action Of the barbed-wire
trust illustrates several phases of this
question. 1t shows that a monopoly
can raise prices when IL desires TO do
so; and II also shows that monopoly
will raise prices when 1t can. 1t shows
how an artificial rise in price will lessen
consumption and thus decrease the de-
mand for la Dor; il shows h ow monop-
oily canshut down factories to work of
the stock, throwing upon the laborer
the burden OF maintaining prices Tin
this case ~ factories were shut down
and G,200 men thrown out of employ
ment); 1t shows how even the stock
holders may be victimized II the man
ager desires TO speculate in stock, and
II further shows how thosein charge OF
q great monopoly may in the future
bring great wealth to political friends
by disclosing intended raids on the
stock market and thus earn legislative
favors. The ordinary forms Of bribery
sink into insignificance when COM
pared with this new and more danger
Gus method. That this is no idle fear
Is evident from the testimony taken by
the senate committee which investi-
gated official speculation in sugar
stock. That monopolies contribute 10
campaign funds Is also shown by the
testimony taken by another senate
committee. a few great monopolies
could. without loss 10 themselves.
make on the stock market enough TO
supply a campaign fund as enormous
as that used by the republican party in
1896.
On the trust question n on the mon
ey question. the line is drawn between
those who believe that money is the
only thing 10 be considered and those
who believe the people have rights
which should be respected.
The republican party cannot be re-
lied upon 10 deal with the trust ques-
ton. The sympathies OF those who
control the policies Of the republican
party are entirely with organized
wealth in its contest against the
masses. An evidence of this is TO be
found in the fact that the trusts have
grown more rapidly under the current
administration than in all the previous
history Of the country. This remark
able growth shows that. at this time.
the trust magnates neither fear the en-
forcement OF the present law nor the
enactment OF new and more stringent
laws.
While the inspiring cause OF mo-
nopoly Is 10 be found in a selfish desire
10 enjoy the fruits OF mon opoly, several
things have contributed TO its growth
and success. First, constant fall in
prices has led people who invested
money in plants 10 seek in combination
. protection against loss upon their
invest ments. The republicans do not
propose 10 take away this incentive to
the organization of trusts. Second,
railroad Determinations have some
times given to favored corporation
an immense advantage over less fortu-
nate competitors. The republican party
Is not only not trying TO reform the
tariff In the interests Of the people,
but it boasts Of the Dingley law ~ .
panacea for all economic ills.
While state legislatures can do much
congressional action Is necessary &c
complete the destruction of the trusts.
A state can prevent the creation OF
. monopoly within its borders and can
also exclude a foreign monopoly. But
this remedy is not sufficient; for. IL .
monopoly really exists and Is prevent
ed from doing business in any state,
the people Of that state will be deprived
OF the use Of that particular article un-
IN II can be produced within the state.