Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-04-22
MnRGANlzlNG The WORLD.

The grave problem of the age is
| this REORGANIZATION of everything
Whittier are we drifting is the question
I it asks of every thinking man. 1t is
| true that there is much misunder-
standing in the popular mind regarding
Mr.. Morgan's operations When ne
with others buys about all the steam
shin lines of the world the newspaper
headline announces that Morgan
bought them for few hundred mil
lions but in truth Morgan acted only
as an organizer, broker for many
men of powerful millions. This man
Morgan thinks in millions and pos
sesses the wonderful capacity of carry
| ing such stupendous thoughts into
action. His purchase of $300,O00,O00
worth of steamships was made perhaps
for the very capitalists who owned
the properties severally and Morgans
great banking company acted only as
trustee for these men. Likely as not
the men for whom Morgan acted IN
the steamship combine never had any
thing to do with any steel corporation
or railway merger yet to the public
Morgan bought all of these immense
properties. Morgan might not have
| put a dollar. of his own money into
any OF them.
However, the problem is still a grave
one even if Reorganization does
not mean the ownership of
the earth by one man. The
"community of interest" itlea has
now spread to SO many lines of in
dustry and seems to be growing in
favor with capitalists that the scope
of its ultimate operations is not to
be comprehended by the modern pigmy
mind. Is all competitive industry to
be destroyed? is the worlds activity
in each line to be controlled by single
boards of directors and are all investors
to become stockholders in single gil
gantic corporation? These are the
questions of the hour. They suggest
the realization Of the dreams of the
socialist.
Many financiers of known sincerity
claim for the combine and .'commun-
ity of interest deal an element OF
stability in the business of the world
!, toe, 1,n tnc Sc 1.IiY
bankers and financiers of experience
that the hundred million dollar conf
binations Of banks, the billion dollar
combination of steel mills, the half
billion dollar combination of railroads,
of steamships, OF oil production, OF
flour mills, of paper mills, and mill.
of all kinds bring the business of the
country under more consery ative, in
telligent management; that the enor-
mouse capital associated in this com
munity of interest" enables the indus
try to be carried on without the de-
by another in the dreadful dog eat
dog struggle of competition. For these
teasons financiers predict that panics
will be greatly rnitigated in their effect,
and that business stagnation such as
was experienced in 1894 can never oc-
cur again.
These ideas are all rational ones yet
the average man asks himself whether
1t is well for the few to become tho
employers while the great mass are the
employed. Over this problem he Is
destined to puzzle his brain for many
years The visionary has long dreamed
of the time when we should all be the
employed and our ve1nment, the
state, our employer. The truth IS that
great armies under few leaders al
ways accomplish more than detached
bands of guerlllas but in the armies
of industry the problem Of success in
cludes more than the question of effec-
tiveness, 1t deals fully as much with the
question of distributing the spoils oil
u LIZ III liz t,iSeiL 1iHiy
Of the billion dollar corporation, the
man who eats and the man who works
with the tools profits by the combin-
alton to the same extent MS the man
who leads. all is WELL Then agair
great armies in one business must not
be allowed to use their strength tc
exploit the non combatants. The
world is moving on to GREATER things
The inevitable should be met cheer
fully for mastered 1t must be.
SMALL ISSUES MAKE SMALL LEADERS.
The democratic party is in the mar
ket for an issue and a leader. So far
1t has been unable to find the one or
accept the other. 1t has made several
attempts to create dissatisfaction and
SOW dissension in republican ranks, but