The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-08-21
in the Republican National PLATFORM anu
:. -o.ss like an editorial by Bailey:

If TP4dS ike du ~
I'VE recognize the necessity and pro-
priety of the honest cooperation OF capt.
tai tn meet the new business conditions
and especially to extend our raploiy IN
creasing foreign trade, but we condemn
oil conspfracies and combinations IN
tended 70 restrict business, to create mo-
nonoIies- to limit production, or TO con-
troll nrices. and favor such legislation as
will effectively restrain and prevent al
such abuses, protect and promote COM
ne-ition and secure the rights or pro-
ducers laborers and all who are engas-
ed in Industry and commerce
In the issue of the Biblical Recorder
Of .IuIv 27th, 1898, replying to a charge
| that il favored trusts, he referred TO
"EvIL. trusts" which was only an echo OF
| Mckinley and Hanna's saying that they
were opposed to bad" trusts. The Demo-
cratic party says that all trust are bad
1t is only men who try to shield trusts
who trv to make distinction between the
bad and the good trusts. According to
| Hanna, the good trust is one that con-
tributes largely to the Republican cam
paign fund; the bad trusts are those that
| are stingy toward Hanna's cash-drawer.
In the issue Of August 18th, 1898, he
| excused and palliated the dismissal OF
! professors who had been driven out OF
| colleges because the trust benefactors op-
! posed their honest teaching that trusts
| are wrong, and in q dozen different edi-
| torials. came back to the same line.
Indeed, he think so well of trusts that
he tries to class them with partnerships
and stock companies, and says they are
not to be feared. He says on the 21st
of December, 1898: AND WEA WE
HAVE TO FEAR is NOT TRUSTS, not
partnerships, not stock companies, but
m~onopolies.'
G to sleep while the trusts rob you,"
is his sedative. What we have "to fear
is not trusts but monopOlies."
That's what Hanna says. and yet every
body knows that trusts and monopolies
are in most instances Identical. Trusts
are organized to create monopolies, and
when successful they are nothing but
monopolies.
On February 1st, noting the multiple
cation Of trusts, he says he cannot defend
the trust idea. but finds encouragement
in that there are rival trusts: nearly
every trust has its rival" The only
trouble about that statement is that it
is not true. Some few trusts have rivals,
but most rivals are such shams as the
Continental Tobacco Company that be-
longs to its rival, so-ca1led the American
Tobacco Trust. He talks very piously
against favoring any class, and winds UP
as usual by saying, almost in the very
words the trust attorneys use, 1T is time
to stop beating the air and getting moth
ing but Offices for politicians" Indeed
during the past two years almost every
utterance about trusts winds up with a
pessimistic statement that trusts can't be
stopped, or a denunciation Of those who
are honestly striving to destroy them.
GOLD STANDARD AND BONDS.
We have not had time to refer to the
files Of the Biblical Recorder to obtain
extracts showing ADVOCACY OF THE
COLI STANDARD. The Who'll spirit OF
financial program. Here is one utter
ance:
There is both popular and expert
faith in our Governments wealth; faith,
too, i'll her financial SYSTEM, even though
only a few weeks ago ten thousand poll
teal doctors had ten thousand remedies
for our 'ruinous financial policy"
Not content with endorsing the Re
publican policy he must sheer at the g.
SOC, 600 Democrats who declare the Re-
publican Legislation "a ruinous financial
policy" 1t was ruinous in 1S93-'9S, and
will be "ruinous'' to the masses again
when the mines Of Alaska and South At
RIGA run dry.
In the issue Of June Sth, 1898, he finds
charge Of our government to conduct the
war economically" and pipes the follow
ing defense Of Hanna and the bono job
bers:
He take as his text this item from a,
exchange:
1.-The war will not be ended until the
bond syndicate gets all the bonds i
wants
And from this he breaches with horror
raised hands the doctrine Of Hanna:
1.-The writer of these words canno
t have known what meaning they carry
Read them. They say that Preslden
Mckinley is owned by a bono syndicate
that the Congress of the United State,
is owned by a bond syndicate; that tn,
army and navy of the United States ar,
owned by a bond syndicate.
Surely the man who wrote those word
did not mean what he wrote. There i
) no word or suggestion of truth in them
/. they are false from the first letter t
the last. Such libels upon our nation
are ruinouS."
If President Mckinley is not owned b
t a bend and trust syndicate, he is con
, trolled by them and at their behest he is
sues bonds, wages war, or repudiates wfa
t he calls "our plain duty" OF cours
t Bailey secs no truth in these chagcs. II
S sees nothing wrong in Mckinley's pros
: titution of his administration to serv
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