Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1900-09-20

The lawyers are finding tnat with the
growth of trusts the business is gravitat- |
ing toward the offices of the big corpora !
,ien attorneys. while less fortunate prac-
tltioners are becoming law clerks.
The actors suffer from the theatrical
trust.
The small manufacturer is constantly
menaced by the trusts
nc does not know AT what moment some
large corporation will attempt TO mon
opoize the business in which he is EN-
Gagged and give him his choice between
pahkrnptcN and particulation in an m
uuslflal conspiracy against the rest on
the country. Many have bcel. driven INTO
me trust organization by the larger cor
perauons engaged in the same business.
Or ny trusts formed to control iron, steel,
lln plate. or some ethcr product used as
u basis Tor further manufacture. In what
business can your son safely invest u
small amount of capital today? If he
starts INTO ans independent business he
VIII IND 1t difficult if not impossible, to
compete with a large organization II IL
altefEpts to undersell him i'm his ter
rtorN, because 1t can sustain itself, py
coiiectihs nigh prices in other parts OF
me country. II he suppresses his moral
l opJectlons and takes stock i'll Il mon
| opolN, he does not know how soon those
IN charge may attempt to freeze out
inc smaller stockholders.
Inc merchant is losing his independ-=
ence The trust fixes the terms upon
| winch he shall sell. and often binds him
/! %! contracf not to sell competing arti-
cie. When the monopoly is complete
credit WIZ he shortened. and the mer-
chant will he compelled to bear all the
risks of trade. When the trust raises
prices. the merchant usually has TO divide
1 the advance with his customers far
| as stock on hand is concerned but when
lets ,hc ri,. I'm wv, M ',.,.,.,, nv ,,,st
| bear the loss ON accommodated stock
| When. for instance. che American Steel
\ & Wire Company closed several of its
| factories n few months ago and threw
some six thousand cmnovrs ont of work
| it dropped the nricc Of naiIs and In rbed
| Wire i'm ore.er to work off n surplus stock
which had accumulated because the
] high prices had lessened the demand.
/ Every merchant LOST ,,,ono, ON tI,a nail.
| and wire on hand
| There is already overnrodnction In MANY
| lines. The supplv of eoprnon chairs is
now considerable i'm excess of the de-
| n.and, but lest tho Renublicans may try
| to explain this unon ire theory th,t fhe
| people are too busy To SIT down may
add that there is also dullnrss i'm the
| shoe trade The Iron Are IN, :, recent
| issue pointed out that the production of
| iron was failing off. the decrease then
| amounting to marc th.n "a oo TONS ,.r
| month Dun's renort of J,ly DIST stated
/. that the wooden mills were running Mt
| less than half their can.citv. aud even
recently the cotton manufacturers have
been Threatening. TO either reduce wages
| or shut down temnorarilv Accor5,n, To
| Duns report the business failures have
been greater during each month of 19O0
than they wer. d,,rin,, IN. came ,nonths
! of last year, and this occurs in the midst
of good crops. and when Two wars are
in progress
N'> ""u arbitrary fi"c'"ations.
Inc contractor can figure with some ac-
curacS so long as natural laws CONTROL
| h'li ne cannot protect himself against the
afollrary fluctuations. which are not only
possible hut probable when a monopoly
controls the market.
4 ID" farmer is one of the most imports
ant ldclors IN cur national life. Some
| one mas sild TO INN. The hand that
E ~, the i'!owsnafe leeds the world
,ne is n ,'.9 s'ocKhoider IN any OF the
trusts. pnt ne feels the eNtortion pr:ic-
.'ced ny 'hen ili. am not farming ON
! d lars scale put the misleading reports
| "tich nave been circulated concerning
my oi' crop JUSTIFY me IN making ref
/ creme 10 my own experience The New
ORE i!li'u'le recently printed u dispatch
! rom tStpI;iska 10 me elect mat had
Iusl spio iotlN-eiRht hundred bushels of
cats at 10 cents per bushe tslpposcd to
4 amount received f,r5 inc onte we ,,,,,,.e
4 dian double the price paid for the land
| The Tribune article then proceeded TO Gil
\ late upon the prosperity of the farmer.
using: nsy experience as AN illustration
and asserted that the farmers Of Nebras-
4 k.l were becoming opulent that they
! We're joining The Republican party The
/ facts are iirst That j had five acres
4 OF oats instead OF one hundred ANA
! twenty acres; second, That the oats
/ have not yet been threshed, so that the
\ Weld is rot known. third. That oats are
/ selling for less than % cents i'm Chicago.
4 instead of 30 cents in Nebraska. and
/ fourth, That the land upon which the
oats weNc raised cost me over 500 am
acre instead of SC IT, wnen threshed
my oats yield 10 bushels TO the aero
4 and | sell Them IN Nebraska for 20 cents
per hushel the. total income from the five
| acres viii he $40. or less than eight ner
| cent ON the investment. After taltin., ont
| the cost of blowing. sowing harvesting
and thrcshi!ls. The nc, income from mai
| five acre tract will not exceed fo1,r nor
cent on the money invested i do moi
| mean to Judge others bv INV own exncri
| cncc but mention. the fncts i'm This r.sc
| to show how the Republican na,,crs az
+, aggerate The farmers, prospe,itv and
| credi; a Republican ,,l,,,i,,is,reitio,, ,,i,h
good crops. n.kjnr no :,llnw:,,,,.a fo,. t,,o
crop failures which occur from time 10
! time.
|