The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1902-06-21
USES AND ABUSES OF TURsrs.


TRUSTS if properly conducted econ
omize both labor and capital. BY
concentration and cooperation better
management is secured. and the waste
of capital is prevented labor is better
employed and better paid. BY snch
economy much is saved. In our every
day life we see the advantage Of form
ing and banding together, as in our
small operations around here where a
few employers put their capital to-
gether in the form of company,
Their expenses are high and their cap
ital is not sufficient so that they soon
have to give up the work without
satisfactory results, or sell to a cor
poration of larger means. 1t is the
same with larger concerns they re-
quire vast concentration Of capital
and labor. Indeed the greater enter
prises of the day would be impossible
If not for their Capitalization. II is
very necessary for large exporting es-
Establishments TO band together that
they may keep firm competition
against the aggressiongs of foreign
markets, because groupe of factories
brought under one board Of managers
has greater advantages for reducing ex
pences and and meeting competition.
II is with the trusts as with every
thing else there is good side and "A
| bad side Let me mention few OF
the evils or abuses of trusts First
there is that which is the greatest of all
evils, that which is generally known
as the watering Of stock. Another
evil is the putting at the mead Of the
organi cation very interruptions manag
ers whose aim II the benefit Of them.
selves. In such cases the laborer's pay
is cut and the prices of raw material
reduced while the prices charged tc
the consumer are greatly advanced.
Thus conducted, trusts lead tC
monopoly. which is the deaty Of al
progress ana liberty Another evi
Of trusts is chat often corporations ar,
brought into existance and kept NJ
by special privileges The unequa
taxation of railroads and the grants
Of land are examples Another evi
is that too much money may CERT int,
one corporation and if his evil is no
easily remedied Because il would b,
next 20 impossible to fix the amour
of capital that trust may hold AS
sum Of money that might do one cor
poration might not begin 10 do anothe
Of even equal size az some organ
izations might have greater expense
than others and its PRODUCES be NOR
costly.
Workingmen unions, while orgnaiz
ed for protection against inscription
capital are as rule tending to briny
about balance between capital an,
labor II corporations cut the wage
they will have to equalize the wage
ia general and these wages must satisf,
the unionists or the work will be su
spended which Is too costly proceed
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trusts could and would crush the liz,
, out of many of the unions but this i
hardly possible because of the indie
pendence OF the two. Therefor
workingmen will see this fact and un
derstand ~ well as the leaders th
benefit Of corporations and unions
The cooperation Of these two grea
, bodies causes prosperity.
Let us hope that in the near futur,
corporations will be fairer 20 them
selves. the workingman and the con
sumers that INSCRIPTIONS manager
will be cast aside and honest leader
placed in their stead Also that mor
. restrictive laws be enacted aud enforced
and the abuses Of trusts will be min
mized. Also that the unoins and th'
/ different trusts which have worked g
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