The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-10-03
SEES END OF TRUSTS.
Senator Dolliyer Takes Cheerful
View of the Future.

States 0CildIOI ,. DO1llNSr. OIL 4OW3,
who introduced the subject, said
Let US look at the Iowa idea for
minute, and select that only because
am more familiar with it and because
circumstances have arisen to give it
universal advertisement 1t has been
presented to the country as the sudden
impulse of dissatisfied mischief makers
within the Republican party. On the
other hand, it is the mature judgment
Of man whose wisdom has never failed
the party in the forty years of his un-
interrupted public service.
Our people recognize the value of
large capital for the transaction of u
great business, and especially for the
commercial conquests upon which we
are now entering. But they recoganize
the danger of abuses. both in the or
ganiza ton and management of the in
dustrial enterprises, and would have the
government of the United States stand
between the community and the reck-
less perversion of the. beneficent law of
corporate property It is evident that
if it were desirable to kill the trusts, it
could not be done by merely remitting
the duties which their foreign compet-
ltors pay at our custom houses Even
Mr. Bryan, who. talks of putting the
captains of industry into a chain gang
and sending J. Pierpont Morgan first
to the poor house ana then to the peni-
tentiary, admits publicly that the free
trade remedy falls far short of the OBJ
ject he has in view Every sober stu
dent of the subject admits that it was
the pressure of competition which has
drawn some of our industries first into
groups and then into gigantic combina-
tionS under a single corporate manage
ment. [ confess that as lifelong
friend of the protective system l take
a very profound interest in the ques-
ton.
' Protection, in the perfection of its
design, as described by Mr.. Hamilton.
does not invite competition from
abroad says Mr.. Blaine in his famous
| fH "a MI IA rff in ifc %
lation to the political revolution or
1860, in Twenty Years of Congress,
but IS based on the controlling prin-
ciple that competition at home will all
ways prevent monopoly on the part of
the capitalists, assure good wages to the
la bOrcr and defend the customer against
the evils of extortion.
THAT principle which never failed to
justify the doctrine of protection in any
period of the past is today passing
through an ordeal hardly even antfci-
pated when the tariff law of 1897 was
placed upon the statute books If one
field of production after another passes
under the control of spectators in the
interest of nefarious schemes to engross
the whole market, the protection litera-
ture of a hundred years becomes obse-
Iete.
<'Putting all the leonselidat,ons which
have been effected lin the last u years
together, four and a half millions of
dollars may be set down as their true
aggregate capitalizat tion, including their
| bonds.
productive capacity by the addition of
new bona fide capital in a degree hardly
noticeable. They have merely under
taken to dazzle the speculative world
| by playing upon the popular fancy for
full page advertisements And in near
ly every one of them the motive of the
organization has been mainly to shield
capital already invested from the opera
ton of material forces. always present
| in the commercial world. If they have
failed in that they have failed in every
thing and the power which some have
been afraid would be used to wrong and
burden the community. has not even
proved equal to the task of taking care
OF itself.
Before anybody makes up his mind
that the socalled American trust is a
permanent institution, let him consider
the long list of ambitious combinations
which have already had their affairs
wound up by the courts-the alcohol
trust the linseed oil trust, the aikai
trust the asphalt trust, the bicycle
trust and scores of others whose very
names are now even forgotten. What
was the matter with these astonishing
creations of the promoters? Nine out
of ten of them were bogus and, without
stretching the law very much could
have been denied the use of the mails
on an ordinary fraud order. Only yes
terday one of the mammoth establish
ments, the National Salt company hac
a little business before a court of equi-
ty in New Jersey. The organization OF
that trust was looked upon everywhere
as step in the direction of monopoliz-
ing the necessaries of life.
1.-THE more I examine the old law oi
competition, the better 1t looks to me
If the day of settlement has already
come to so many of these once formid-
able institutions, how has it Jared with
those which have so far survived the
test? Already the evidence is accumu.
! lating from which the doom of trust:
trusts can be foretold, even the mos
solvent and best managed of them all
There is no room in this discussion
for vain exclamations of alarm and de
spair. Up to this time the tariff policy
to which we owe the prosperous condi
tions which now surround us has beer
the ally of independent capital in it,
grapple with the modern trust system
but If the day should ever come wheI
the productive energies of the American
people are impotept with the presnce o
. monopoly, the protection which TO
more than a generation our laws hav'
: given all our industries alike, is no
: likely to remain to enrich a conspirac.
of avarice and greed"
: The vice presidents of the league, Sc
lected by several states, and organiza
tions are as follows:
Lee Mantlew, Montana Al Corning
ton. New Mexico; H. L. Mingle, Colleg
League; c. w. Jackson, Kansas; Lee
Bennett, Indian Territory; NJ. H D
Young, California.
( Among the members of the executiv
: committee are the following:
J. J. Colby, New Mexico; w. W
Saunders, Montana; F. K. Ruhl, Cali
fornia:; William Noble, Indian Terri
l tory; b E Sheffield, Kansas.
5 Among the committee on resolution
0 are:
John Albus. jr.. Missouri; w. S. San
: ders, Montana; W. B. Slosson. Texas
q NJ. H. DeYoung, California; William
% Noble, Indian Territory; T. s. Williams
. Kansas.
70 -
Q McAIeer Gets New Pitcher.