The Washington weekly post., 1900-09-18

pofatee q New Jersey II fecTIarT. lsse-
/ With tsp.seo.ooe common stock and sz5.esas-
| 60 preferred. consolidated the leading
cracker companies. and controls IN All
one hundred and sixteen pants.
/ The National salt Company. incoTpor-
| ateG in New Jersey II March. lSs. with
E.0o.ooo common stock esthorized. and
N.So,eo preferred. produces asoat . per
| cent Of the total output Of the country.
The National Tube Company. incorpor-
sted 10 New Jersey in June. 1888. has
| capital stock Of ssa.Ooo. GO. halt common
and half preferred. and controls about
- per cent Of the output OF the United
States.
The Rubber Goods Manufacturing Com
pzny. incorporated In New Jersey In jan
uaTy. lS9. owns practically all the capt
tai stock OF the Mechanical Rubber Com
/ pany. the Peerless Rubber Company and
/ the India Rubber Company. as well as %
I per cent Of the stock OF Morgan
/ Wright IL also acquired the tire-makins
1 plants Of the concern known as the Amer
lean Bicycle Company, and the American
/ Dunlop Tire Company. Authorized capi-
/ tai stock. f500o0.e0o half common and half
/ preferred.
The standard Rope and Twine Company.
( incorporated IN New jersey November
[ Isl, with capital STOCK or slz.ooeVj.
consolidated twenty-five large cordage
/ mills.
The Union Bag and Paper Company. in
/ eorporsted in New Jersey In February,
/ 1859 with slsG00OJ0 common stock and
/ 81. 600 co preferred. consolidated various
/ plants doing % per cent OF the paper
| bag business OF the United states.
| United States Cast Iron Pipe and Foun-
/ dry Company Incorporated in New Jer.
/ sey IN March. 1879 with an authorized
/ capital Of S3o009G9 half common stock
/ and half preferred. consolidated the prin-
! elpal cast-iron pipe companies OF the
I United States.
| United States Envelope Company, in
/ corporated IN Maine in 1883 with an an-
/ thorized capital of 100000 end $.0oo, 00l
| preferred, consolidated ten companies ana
| controls - per cent. Of the OUTPUT o. COM
mercial envelopes in the United States.
! The book mentioned also gives stalls
/ tics IN regard 70 several trusts organized
I prior 70 1885 among which are the Ameri-
/ can Cotton Oil Company. the American
I Sugar Refining COmuany. the American
! Tobacco Company. the Diamond Match
1 Company the Natioral Lead Company
| and the Standard Oil Company.
No Hope from Republicans.
| During The present administration no
! honest effort has been made 10 protect the
| people from these monOpolies. The Re-
| publican party controls the executive and
| the legislative departments OF the Federal
| government. II can enforce the laws
which now exist; it can propose and enact
new laws. but il does neither. No persons
| can watch the conduct OF the Republican
party and read the speeches Of Repub-
| lican leaders. and still believe the Repub-
| lican party sincere in it's declarations
| against the trusts.
The Republican platform on this ques-
| ton and the Presidents letter OF accent
ance. taken in connection with the party's
record, prove conclusively that no le-
| lief can be hoped for from that party
| Instead Of pointing out the evils Of trusts
the Republican leaders spend their time
in eXulting over present conditions. The
| trust IS a part OF present conditions, and
Mr.. Flint. from whom I have already
| quoted, declared that the formation of
| large corporations was one Of the i'm
| pOrtant features of what he described as
the present business activity. If Re-
| publican leaders really regarded private
monopoly as an evil; If they really IN
tended 10 apply an effective remedy, they
would not hesitate to denounce trust; and
suggest means for their determination,
but they express far more solicituie for
| the corporation than for the people at
| large. One is reminded OF the picture
which a mother once showed to her boy
! to impress up on his youthful mind the
/ sufferings OF the Christian Martyrs, who
were being thrown into the arena and
torn 10 pieces by the lions. The boy
| looked al 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 that
| isn't getting a bit" II 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 they are not moved by the hardships
| imposed by mOnopOlies upon all who are
outside Of the charmed circle. Three
/ sessions Of Congress have convened and
adjourned since the Presidents Inaugural
! tiOn, and yet he has never recommended
specific measure looking toward the
overthrow Of monopolies.
Paper Money Trast.
At the opening of the last session of
Congress the Republican leaders pressed
through the House and Senate bill ere
ating a paper money trust and surren-
dered into the hands of the national banks
complete control OF the national currency.
Just as Congress was closing a farcical
and hypocritical attempt was made TO
deceive the public by the Introduction of
an antitrust amendment. and an anti
trust bill The amendment was not nee
essary. and was intended 10 deprive the
States Of the power which they now pos
sess. rather than TO confer upon Congress
new authority. This vicious amendment
was defeated in the House by the Demo-
Gratis. The Republican leaders then con-
fessed the amendment unnecessary by
introducing an antitrust bill which was
cFsv.v I'd h.r h. -
died in the Senate. just as II was expect
ed to die. The Republican majority In
the Senate referred the bill to the Judi
ciary Committee against the protests of
the RSmocrats who urged its immediate
passan The Republican party draws its
contributions from the trusts during tie
campaign. and pays back its obligations
by leaving the people at the mercy OF the
trusts between campaigns.
Let Us note briefly the effect of the
trusts upon various classes. Reference
has already been made 10 the Commercial !
traveller, the hotel-keeper. the railroad. !
the hYeryman, and the newspaper.
The raref of TRUSTS.
The lawyers are finding that with the |
growth OF trusts the business Is. lgrayit,t |
ing toward the Offices of the big CORPORA
ton attorneys. while less fortunate orac-
titioners are becoming law clerks.
The actors suffer from the theatrical |
trust.
The small manufactures is constantly |
menaced by the trusts
He does not know az what moment soma
large corporation win attempt 10 monoD- |
oiize the business in which he is engaged l
and give him his choice between bank
rup,cy and participation IN an industrial /
conspiracy against the rest OF The country. /
Many have been driven into the trust or
ganiZation by the larger corporations en-
gagged in the same business, or by trusts (
formed to control iron. steel, tin plate. or
some other product used as basis for
further manufacture. In what business /
can your son safely invest q small amount
OF capital to-day? II he starts into any 1
Independent business he will find II dill /
cult, II not impossible, 10 compete with a /
large organization II IL atteupfS IN updar