The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-09-16
TRUSTS.

las 1 once was so you must be
Prepare you then to follow me.
(Applause.) "A
TRUSTS.
Free trade and free silver having
been banished from discussion except
by the butternut- breeched Democrats
who haunt the wilds of Arkansas, the
party is now red hot on the trail Of the
trusts
l am not here to defend the trusts,
belong to none, and no stock in any
trust belongs to me, but it is clear to
me that political parties are no more
responsible for them than they are for
the bubonic plague or the Martinique
volcano. Trusts have grown out of
changed economic conditions, and the
members of the Republican party never
fostered their creation or aided to pro-
mote their growth. Their regulation
presents problems which will not be
solved by the success or defeat OF any
political party. The only antitrust law
that was ever enacted by Congress was
the Sherman law which was passed by
a Republican majority, and the only
attempt that was ever made to amend
the Federal Constitution, so as to give
Congress power to deal with the trusts.
was defeated by solid Democratic
vote.
The Democratic plan of regulating
trusts was expounded during the last
Presidential campaign by Mr.. William
]. Bryan. His plan was as President
to appoint a commissioner who would
be empowered by Democratic Con-
gress to examine the books and papers
of all private corporations, and then
issue a license to live and do business
to all good trusts and to brand all
others as condemned and send them to
the bone yard.
This commissioner would say to the
Tammany Ice Trust levying tribute up
on fevered lips in the tenement houses,
and to the Arkansas round cotton bale
| trust squeezing to leanness the purses
of Southern farmers, I'VE are trusts
owned by Democrats, we are among the
| elect, pass we to the right among the
sheep And he would say to Andrew
| Carnegie, giving well paid toll to hun
dreds of thousands of workers and to
John P Morgan who shares with the
owners of many homes the profits of
his financial genius I'VE are Republic
cans, go We goats to everlasting fire.
| This Democratic commissioner would
!
High Executioner who would dispose
/ of a batch of trusts as a merciless
| housewife disposes of a litter of kittens.
| Those of Democratic tendencies would
| be given free access to the cream pot,
while those suspected of Republican
disposition would, without regard to
sex, be named Hanna" and drowned
in the nearest pond. Another Demo-
cratic remedy is to place on the free
list all articles manufactured by trusts.
We might as well proclaim free trade
at once, for whenever foreign manufac-
! turers wanted an open American mar
ket, they could accomplish it by organ
| izing American trusts.
WHAT TO DO WITH THE PHILIP
PINES
I Finally the Democrats present to US
the issue which they call 'anti-im-
perialism." They assert that the Re-
publican party is fracturing the Consti-
tuition and outraging civilization, by
not surrendering the Philippine Islands
to the Tagal bandits. They cry out
against President Roosevelt for not
adopting a course, which, if adopted,
would cause his impeachment and bring
upon him the just contempt of the
civilized world. They accuse Repub1i-
! cans of being short tuniced brass
breast-plated, bare-legged Pretorian
guards, intend upon enslaving the
Filipinos, following only the will of a
caucus created Caesar, determined upon
smashing our Constitution into frag-
ments, resolved upon changing our Re
1 i,fN RI