The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-02-14

~ any kind s Ct ns.dach ,si !.
Quickly ai y0iS S,ea iI ~ s sas
tsmsdiss. At all druggists e cents a vial.
II you nssd medical advice write Prof Mnnysa,
seso Arch st.. Phiia. II 10 absolutely tres.
| third place. il was good when he took
II home. Iaughter.) And yet. 10y such
Juggiery. people who oppose the trusts
are expected to be satisfied with the
! progress that is being made.
The Republican party today is in con
! troll Of the departments of governments
1t has the Pre>den it has the Senate.
it has the House 1t can enforce the
laws that exist. If they are not sufi-
cient, il can recommend new ones; and
If no new law can destroy the trusts be-
cause Of the Constitution, it can recon-
mend an amendment To the Constitution
But. my friends. trusts have come NJ
with more rapidity than ever before, and
nothing il being done. Well, now what
can be done? You ask one Of these de-
Tenders Of tie trusts why congressional
legislation is, not rcsorted 10. and he
tells You it Is 4 matter for the Staje TO
deal with. Then you ask him why the
State don't deal with the matter. aud he
tells YOU It IS necessary to nave congrps
Slonal action. And 80 the matter is car
RED from one place 10 another, and the
trust hides behind State rights, or behind
the ConstitutiGn--poWers delegated 20
Congress To regulate Commerce-wnich-
ever : most convenient.
Now. | believe that the State must do
all il can. and that Congress must also
d. all it can. The State AMI nation to-
gcthcr, | believe. are necessary for full
and complete protection, but the State
must lot hesitate to .lr its duty waiting
for Congress to act; neither must Con-
gre>s hesitate 10 do its duty waiting for
the States to act. The State can pro-
vent Il monopoly from organizing in the
State. 1t can prevent IL monopoly or
gaElzed outside from doing business in
IN" state, II least il can try il until
II is prohibited by some decision OF the
Supreme court-if the court prohibits
such Il thing. The State can try. and do
nof believe in hesitating to do a thing
merely because you don't know what the
result will be.
\ REMEDY SUGGESTED.
But, my friends. suppose Congress
must act, | am going to suggest a rene
dy. which does not take from the State
ray remedy that il now has, but ADDS
any remedy that il now has, but adds
TO tile States remedy. The State can
shut Il monopoly out. but it has forty
four other States in which to do business.
Il want 10 90 further: | want To shut
the moncrly UP in the State in which il
Is organized and take forty-f0ur States
away from H. How can 1t be done?
According To the Constitution Congress
has power To regulate interstate COM
luerfe, and monoply in private hands
has already been outlawed. Now, let
Congress declare that before any cor.
poratlon organized in any State shall do
business outside of that State il must
receive Il license from the Federal Gov
ernmtnt II does not mean that
after it receives the license il
can do business IL any State
except upon the conditions imposed by
the State; but, my friends, you can stop
the monopoly at the State line if you
want 10. You can DO il by making it
secure license before it engages III IN
terstatc commerce. and then YOU can give
that license upon conditions which will
make Il monopoly impossible
In the first place, squeeze the water
CIT of stock. Provide that corporator
before II does business outside of It's
State must show that ii has no water
in its stock. | know that if You squeeze
the water out of the stock of the cor
porations YOU will have flood fcr awhile
tanghter,l but You will have honest cor
porations afterwards.
Some one has described q syn
ali to IN,I
firely surrounded by water great
laughter). and there is much tru
in the definition. Squeeze the water out
of stocks. and every honest corporation
engaged in honest business ought to be
willing to help drive cut of business the
dishonest corporations doing business up
on fictitious capital. But that is not suf-
ficient; provide, second. that corpora
ton must show that it has not attempt
cd in the past, and is not attempting
now, to monopoliZc any branch
of industry in the production Of any aati-
Gle of merchandise: and then provide that
the license can be revoked whenever the
conditions are violated. ana provide fcq
publicity as to the affairs of the corpora
tion. | believe that with those condi-
tons You will get the water out of the
branch Of industry
But, if these condition are not SUI
ficient. and more. If monopoly is
in private hands. it must be de-
stroyed You cannot mock the people by
telling them that they have created cor
porations so great that now they must
suffer ut the hands of the corporations.
which they have created Remember,
that there is difference between the
natural man and the corporate man.
When God made the natural man he did
not make the tallest man much taller
than the shortest: and he did not make
the strongest man much stronger than the
weakest. But when man made the cor
pCfate man he made that man Il hundred
thousand-ayc, even sometimes million
times stronger than God made the na
tural man. When God made man He put
a limit to his existence. so that if he is
bad man he can't Ire bad very long
but when man made the corporate man
he made him sometimes perpetual-at all
events he raised the limit of his age and