Middlebury register. (Middlebury, Vt.) 1886-1937, 1902-05-09

part of the world Mr.. Carnegie goes
on to say that our true glory, (which
no other nation can attain" lies in es-
tablshing under is protection the first
republic of the Orient He holds that
every community, however low IN the
scale, should be accorded chance to
govern itself. President Schurman
wrote: ANY decent form of govern
ment of Flipinos by Flipinos is better
than the best possible government of
Filipinos by Americans" TO relieve a
people of the task of looking after them
selves is to enervate them, is to cause
them to deteriorate with great rapidty.
We do not want to make of the Philip
pine Islands second India, and to sit
there, as England does, lover volcano"
There is only one way in which we can
prevent the Filipinos from being a
burden and veXation to us, and that is
by helping them honestly and frankly to
help mselyes.-Burlingto News.
600
A WESTERN GOVERNOR ON THE TRUSTS,
Gov. Albert a. Cummins of Iowa, one
of the ablest men in public life now in
the west, made forcible and interesting
speech on trusts at Minneapolis this
week. 1t was at a banquet of Repubi.
can clubs. and his remarks had a politi
cal bearing, but were free from dem
agogy. The evils and abuses of trusts
were dealt with rather than the bent fits
resulting from them. There are but
two forces" said Governor Cummins,
(Which may safely be trusted to regulate
industry and commerce. The first is
competition, the second law. | care not
how large a corporation may. become, or
how extensive its operations, If it grows
in a natural way, promoted by the genius
those who conduct its affairs. so long
as its business is to make more and bet.
ter progress and establish economy in
operation we can look not only without
fear but with pride upon its develop
ment, but when a corporation is organ
lied either to make money out of base
| less stocks and bonds in the mere opera
ton of organization, or is organized &c
purchase rival concerns in order that
competition may be suppressed or i'm
paired, it is then high time to cast about
for measures that will check and correct
so obvious tendency
Nothing certainly Is more obvious than
that swindling transactions in stock:
and bonds should be carefully guarded
against and wise law, such as Presi
dent Roosevelt suggested in his annua
message, would control this and Other
evils growing out Of the trusts.
Governor Cummins advocates a law
but opposes all combinations and con
solidations alike. He would have the
law prohibit trusts and protect com
petition. This. doubtless, is going fur
Their than constitutional rights vii
admit. There should be, however, a law
that would throw as much light on, anC
give as much publicity to, the workings
the management, and the earnings o
trusts as the present national banking
law does for banks.
If congress can pass law requiring
banks to make reports and submit t
examinations, it can also pass simila
law in respect to other business organi
cations that affect the interests of thu
whole people. The new department o
industry would be Just the place il
which to establish bureau whicl
should have supervision of all the trust
in the country, and to which director
and officers would have to submit thei
sworn reports. Under law Of thi
kind there would not be so many trust
organized. but those that were would b.
safe for the people to deal with.
Governor Cummins' speech abounds II
suggestive thoughts and is materia
contribution to the discussion of a yer!
vital question that must come before tn
people for solution at no very distan
day.-Rutland News.
noos ..Uou.l, Housau