Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-09-16


now open before your son?
Is ne safe when foreign or domestic
hnancierS are allowed to determine the
monetary system under which he lives?
ls he safe when national banks con-
troll the volume of money with which
he does business?
Is he safe when the bond-holding
class determines the size of the nation
al debt upon which he must help to
pay interest?
Is he safe when by means of taxes
laid almost entirely upon consumption
he is compelled to contribute accord
Ing to his wants rather than according
to his possessions?
Is he safe when corporate interests
influence as they do to-day the selec-
ton of those who are to represent him
in the Senate of the United States?
II he is wage-earner, and you do
not know how soon he may be, even
Ii he is not now, is he safe when he is
liable to be deprived of trial by jury.
through the system known as govern
ment by Injunction?
Is he safe. if q laboring man, when
he is denied the protection of arbitra-
tion nr<s compelled to submit to such
hours and terms as corporate en-
ployer may propose?
THE REIGN OF MONOPOLY.
But, desire to call special attention
to the growth OF the trusts, and to ask
reign of private monopoly? II you can
not leave him q fortune, YOU can leave
him something more valuable than
money, viz: the freedom to employ his
own brain and his own hands for the
advancement of his own welfare.
When there is industrial independence,
each citizen is stimulated 70 earnest
endeavor by the hope of being able to
profit by his own genius, his own en-
ergy. his own industry and his own
virtue. But when private monopoly
reaches its full development each
branch Of industry will be controlled
by one. or few men. and the fruits of
monopoly, like the divine right OF rule
will be kept within the possession of q
few from generation to generation.
while the real producers of wealth will
be condemned to perpetual clerkshp or
servitude. When private monopoly
reaches its full development, your son
will buy the finished product at the
price which monopoly fixes: he will sell
raw material at the price which mono
poly fixes, and, IL he works for wages,
he will work for such compensation
and upon such conditions as monopoly
may determine.
OUTLINE OF TRUST PROGRAM.
Raw material bought In large guam
titles Is secured at lower prices
the wool. the price of wool will be low
cred and all who produce wool will sell
ut the price fixed by the trust. A large
proportion ofsour people are engaged in
the production of various kinds of raw
material. and they are thus placed at
the mercy of the combinations.
The second advantage is that chose
plants which are best equipped and
most advantageously situated are run
continuously and In preference to those
less favored"
This means that factories can be
closed in the smaller towns and bust
ness concentrated in the larger CEN
tiers. 1t means, also. that whenever
there is a surplus on hand, part of the
factories can be closed, and the burden
OF maintaining prices thrown upon the
wage workers. There are already
scattered throughout the land idle
plants. which stand as silent monu-
ments to the evils of the trust system.
TRUSTS FORMED UNDER MKIN
LEY.
The American Agricultural Chemical
Company Incorporated under the laws
OF Connecticut, in May. 1899, has an.
authorized capital of $i0,000000. half
common stock, and half preferred 1t
acquired twenty-five of the largest fer
tilizlng concerns in the country.
The American Bicycle Company, in
corporatcd in May, 1888. in New Jer-
sey, With $40, 100000 of common stock
and $l0,000,000 preferred. consolidated
forty-four of the largest bicycle con-
Germs in the United States.
The American Hide and Leather
Company, Incorporated in New Jersey,
in May, 1899, with an authorized cap
ital of ss5.OOO.ooO half common stock
and half preferred, controls about
seventy-five per cent. of the upper
leather output of the country
The American Linseed Oil Company,
incorporated in New Jersey in Deem
Der, 1898, with n capital stock OF $685.
100000, half common stock and half
preferred. consolidated eleven large
linseed oil companies, and controls
over eighty-fve per cent. of the linseed
oil properties in the United States.
The American Steel Hoop Company,
incorporated in New Jersey in April,
1899. consolidated nine large steel and
iron companies in Ohio and Pennsyl-
vania, capital stock S19.O0OO00 common,
and $14,000000 preferred
The American Ship Building Com
pany. incorporated in New Jersey in
March, 1899, with an authorized capt.
tai OF $50, 100000. half common stock,
and half preferred, consolidated "all
ship building, and kindred interests on
the great lakes"
american steel ana Wire Company,
incorporated In New Jersey In Janu-
nary. 1899, with s50.oo0.oO0, common
stock. and 100000 preferred, controls
about eighty per cent. of the nail and
wire product of the United States.
The American Thread Company. in
corporated in New Jersey in March,
1898, with capital stock of s12. 900. 600
half common and half preferred, con-
solidated fourteen large thread COM
panies in New York and New Eng
land.
American Tin Plate Company, incor-
porated in New Jersey In December,
1898, with $50. 900 common stock. ana
$50, 100000 preferred, consolidated about
ninety-five per cent. OF the tin plate
mills in the United States.
The American Window Glass Com