The daily journal. (Salem, Or.) 1899-1903, 1902-05-03
EDITORIAL Page Of the Capital 3ournal
AN INDEPENDENT PAPER FOR THE PEOPLE.


ods adopted by this country OF con.
Quoting business will also have to be
adopted by the manufacturers of the
world as the only means Of stopping
this senceless, wasteful, throatcutting
competition. They are already taking
steps in this direction. AS instance
the combination into a gigantic trust
or company of the steamship com
panies under one head, Mr.. ]. p.
Morgan, the organizer and teacher Of
the business world.
The gentlemen at the head OF the
I trusts are shrewd and sensible enough
to have learned both by experience
and observation that the inevitable
result of competition is the death of
trade, or rather profit, which is what
trade is carried on for, besides being
extremely wasteful
The sooner this fact is learned by
the general business world the better
1t will be for them. Everything is
tending towards combination and or
ganization The business of the coun-
try is going that way, labor is forming
into unions. The air is fun of this
tendency in all lines
And to try to stop the formation Of
trusts by legislation and other means
of like nature is futile and useless,
as we'll try to keep back the tides Of
the ocean with teaspoon. It is pro
gress. It is the natural evolution Of
trade, as the railroad superseded the
old freight wagon. SO the trust meth
DDS of conducting business is fast dis.
placing the rapidly disappearing com
petitlve method, never to return. We
are moving up a notch higher.
The international trust is already
here and will become world wide
Anything that cannot be absorbed
will be crushed, that is the principle
pursued. When IL becomes world
wide and has supplied all markets
where will IL find market for it's sur.
plus products. This is the fatal so
luton of the trust question that they
cannot answer. These so-caled great
captains of industry cannot answer
thsi question, neither can the leaders
OF either of the political parties II
seems TO be a case of after me the
deluge."
As we have shown, the farmer and
the laborer, the great consuming pow.
er and foundation of the nations pros.
perity has been so impoverished
by the process they are subject 10,
that they cannot buy back what they
have produced, and owing TO the won
derful productivity of the modern la
Dor saving machinery now in use land
which Is fast being introduced into all
parts of the civilized world could
not even II they were able.
Here is where socialism steps in
and Is the only legitimate elimination
and solution OF the trust question.
The leading Socialists see It's rapid
approach and are busy educating the
workers 80 as to fit them TO receive IT,
and have them run It smoothly with
out mistakes when IL comes. The
socialist party in Oregon was formed
and launched with this purpose In
view. and the coming campaign is TO
be one OF education along these lines.
Under socialism the bulk Of the
wealth that labor produces either
goes into the pockets OF the privileged
class or is wasted In our present
wasteful competitive system. Il would
then go into the pockets of the labor
er and farmer which would add TO
their present incomes more than 800
per cent,
And the invention and introduction
Of labor saving machines would be n
blessing TO the workers instead of be-
ing a curse as Is now too often the
case, as II would shorten his hours OF
labor instead of throwing him out of
employment With this Increase of
income instead OF there being indus.
trial stagnation and ruin as Mr.. Hanna
and some prominent newspapers have
stated would be the case II we adopt,
ed socialism. The very reverse would
be the case.
Industrial development would re-
ceiye such an impetus and be in,
creased To such an extent as has never
been eQualed In any country in any
age, S. J, JONES.