The times. [volume] (Washington [D.C.]) 1897-1901, 1900-09-16

must have The Republican party has no
remedy for the trusts. Publicity is good,
but publicity alone is not sufficient. me
practices of the trusts must not only be
made known, they must be prevented The
Democratic platform contains demand for
legislation which will place trust made ar
tices on the free list
There is no doubt that such law
would protect the people from much of the
extortion which is practced under cover
Of high tariff laws. II a tariff duty ex-
cludes the foreign product. while domestic
manufacturers combine 10 raise the price
of home product, the American citizen may
be plundered here. while the trust sells
abroad in competition with the world II
may not be out Of place to suggest that l
introduced a bill eight years ngo providins
for this remedy. but we are not willing to
stop at one remedy, we desire TO apply
every remedy within the power OF the
State and Federal governments.
congressional action lis n.ii necessary
to destroy Il trust which confines its OPP
erations to single city or a single State.
Such trust can be exterminated by State
legislation. II is within the power OF the
State to prescribe the conditions upon
which corporations shall be organized, and
these conditions should be such as TO
make a private monopoly place limita-
business within the State. This. however,
is not sufficient. Congress- must coop
crate with the State in preventing the or
ganization of any interstate monopoly.
without impaising the present authority
of the State, Congress can provide that
corporations organized in any State snail
not do busiB ess outside of the State I'M
til certain necessary conditions are COM
piled with.
III the people of any State are willing
70 create and continue a monopoly, the
people of other States need feel no con-
Germ. so long as the monopoly is confined
to the State in which the corporation
originates. But the moment a monopoly
crosses the State line and invades other
States Congress has a right to, and must,
interfere for the protection OF the public
at large. II a corporation organized in
New Jersey or any other State were pro-
hibited from engaging in interstate com
merce until it produced evidence to snow
that there was no water in its stock and
that it had not attempted and was not
attempting TO monopolize any branch OF
industry, its power to do harm Wouid at
once be destroyed. I e
"Au honest corporation engaged in le-
Ultimate business, ought to join in the
enactment of laws, which will protect them
and the public from the industrial high
waymen who commit LARCENY upon'a grand
scale. Those who desire the annlhilation
of the trusts are not hostile, TO property
rights, but they protest against allowing
the fictitious person, created by law and
called a corporation, to trample upon the
rights of the natural man of flesh and
blood If the man-made corporation sup
ports the Republican party, We ought to
be able to appeal for support TO the God
made man. o.
As to Railroad Determinations.
THE railroads have by Determinations
and rebates materially aided in building up
monopoi.es At one time the Standard Oil
Company had a contract with a railroad
than it's competitors. but received part OF
the freight paid by its competitors. The In
terstate Commerce Commission has re-
peatedly asked for legislation which would
empower the commission to protect the
public, but the Republican party has
turned a deaf ear to these appeals.
1T is generally assumed that the bank
ers will cooperate with the trusts in pre-
venting remedial legislation, but the bank
er himself is apt to fall a victim OF this
policy OF concentration. Some are already
urging the establishment of branch banks,
and when the branch bank is established
il will be able to run all the other banks
out of business. Even now the assoeia-
ton of several great financial institutions
in New York, under the influence of one
group of tnanciers, Is embarrassing other
and smaller banks
But why multiply illustrates OF the