The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-08-19

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 it's 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-called the American
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
stopped. or 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
GOLD STANDARD. The whole spirit of
his writings has approved the Republican
financial program. Here is one utter
ance:
There is both popular and expert
faith in our Governments wealth; faith,
too, in her financial system, even though
only few weeks ago ten thousand poll
tical doctors had ten thousand remedies
for our 'ruinous financial policy
Not content with endorsing the Re-
publican policy he must sneer at the g.
500 900 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 Af-
rica run dry.
In the issue of June Sth 1898, he finds
indications of the desire of those in
charge of our government to conduct the
ing defense of Hanna and the bond job
bers:
He take as his text this item from an
exchange:
"The war will not be ended until the
bond syndicate gets all the bonds it
wants"
And from this he breaches with horror
raised hands the doctrine of Hanna:
"The writer of these words cannot
have known what meaning they carry
Read them. They say that President
Mckinley is owned by bond syndicate;
that the Congress of the United States
is owned by bond syndicate; that the
army and navy of the United States are
owned by bond syndicate.
Surely the man who wrote those words
did not mean what he wrote. There is
no word or suggestion of truth in them;
they are false from the first letter to
the last. Such libels upon our nation
are ruinous.
If President Mckinley is not owned by
bend and trust syndicate, he is con-
trolled by them and at their behest he is
sues bonds, wages war, or ropudiates what
he calls 'our plain duty" OF course
Bailey sees no truth in these chages. He
sees nothing wrong in McKinley's pros
titution of his administration to serve
the ends of the men who bought the
presidency for him. The small man is
even trying to make this Republic an
Empire at the bchest of the men who
control him, but Bailey says any man
who critics that is destitute of national
honor
When the trustees of Brown University
drove out President Andrews because
his opposition to the gold standard was
disrleasing to the Millionares, the Re-
corder defended the trustees. He fully
approved the issue of gold bonds and ini-
quitous war revenue measure which is
deounced by the Democratic State and
National platforms. He declared:
1T seems to us that the war revenue
measures of Congress are wise and COM
mendable.
''As for the bonds, they were impera-
lively necessary"
And yet the writer of these words is
the same man that we find month ear