The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-09


R5sont l. thus divided and subdiyidsd. Ana
rrnat " these stockholders as With ~
lhty, too, have been f,.i and rint6ra
speaak q these things only 70 show that the
e, usts pront has not been lost There arc
hsVa st Ions even Will hlgh prices We
kAAt ~ FEAST Kept the money With as n
s nas not gone hence, aud labor has received
psInaps net IT, due proportion. hut more
'usm II ins nioney had gpnc abroad
But believe competition As In strht last
aear ne eutire rolled iron aud strei prod.
WIS or the United States WINS ianSAOA
n rgss; oa which Tie United States Steel cor-
fStat,,oh produced less tina. 81 Der cent
ne iaekawannA Iron and Steel company
~ - nllialne plant near Buffalo ccstins
S-o,AN,'.N ava they propose 10 10 nhle 10
snnrI, nhnoa ana quarter tous per
which Mr. Frick s. connected Il he,3p M
creased 10 q S2M0NifSN rinnt 4 have 4 lt.f.
~ ~. nom M James Swaiik. secretary of the
american Iron and Steel associafion Ia
which ne says that when the plants nov IN
floteSs or construction are completed the
Sonpaaclty Of this country VIII bc fulB "a
Own VV con rehs per apnum You can draw your
W nave competition, and Il win he The
hlna ne American people have learned to
sslp ,p,,f y Will be American coinpcti.
tlOh' ana our own artisans WIN not he
ioreed upon the street again to beg while
iefelgh Norkmen supply the limited needs
q paraiyzed countfy.
TRUST LAWS EXPERIMENTAL.
II amy one should be disposed 20 charAc
,eflHe what have said as defcusc Of ex-
sting conditions Jet me correct him once
ana ior all. | en- not In favor OF trusts,
ner OF mononoles, Of any kind of ior!n.
a air ! see much u evil, as wen as some
MEASURE 81 goud. In the trend OF iudustri n
aHairS. But ! am more anxious that my
son shall be taught to face conditions like
z man tnan 20 be told be Is whipped any
now, and that the best thing for MIN TO 40
] ~
/ sly 70 you, my good democratic friend
tnnt u you allow the calamity bowler TO
ttgp your son OF his hope, and teach him
that whoever undertakes gigantic enter
/ prises, especially IL he Is successful Is a
scoundre' and whoever finds employment
| Ter a thousand men Is thief. and should
1 per, you VIII be spared the humiliation OF
I ever seeing your sons name on the st ition.
I KY or u the list Of directors Of any bust
Existing laws against trusts are being
! vigorously enforced. This 20 icy must be
/ continued, aud the laws themselves must
/ ne reinforced wherever needed But there
aIe some things that must be permitted TO
! regulate themselves, A fvw years ago all
/ roads eXpglmeuted with different widths
! ~ ItAck some roads built Ms wide as six
I leet, But that was found too wide and
I I9hf teet eight aud one half has become
We standard Different weights Of rail-
ROAD iron have been tried. / think as
/ neafy ms l20pouud rails have be III laid;
/ nut experience has shown iO-pouud to be
Hoout the maximum practical weight One
/ hundred and twenty.ton locomotives have
been tried hut they have been found too
large. The stationary engine that WAS the
/ NgndSr al the centennial exposition in
1870 mad a capacity II 400 horse power
mere are now many locomotives in SIC
/ Cesaul use registering 1000 horse power
/ Nhile practical stationary engines have
grown from 400 to l4OOlhorSe mower ia a
| qunrtcr Of century The slze OK steam.
/ ships Is now being Increased The ships
SShEagSl N foreign commerce thar enter
Nv NV loik hsroor carry three times TIE
average tonnage OF those engaged ia the
/ same trade thirty years ago, while ships
/ Ton times as large as this average are in
{ process Of construction. These may prove
I TOO large or others may be built larger
I stu. There must necessarily be limit
somewhere, and experience viii determine
lhe practical maximum The amount Of
/ capita. TO be employed Ia co p1ration has
/ been wonderfully increased in late years
! An excess OF thousand millions has been
I reached
/ This may prove too large. Time viii
/ tell, But doubt II the government can
I prohtably dlctnte either tho width of the
/ track, or the weight uf the iron, or the
4 size of the ship, OF the capital 90 be en-
! ployed IN an industry II can require the
| railroad to fence It's right OF way and the
| common carrier 20 carry goods for all at
4 common rate. 1t can demand that the
4 big ship shall not run down the small
/ one. and that II shall give sailing vessels
I the right OF way. II may and must en-
/ force the present law, which fOrbds COM
hinations, conspracles md monopolles
/ and II must strengthen every weak place
{ by additional legislation. Ii should In
y vito competition among American pro-
ducers, but II should never throw wide
I our doors TO the products " poorly paid
Europeans or the presence OF poorly paid
We are making wonderful industrial
Z progress, Notwithstanding the evils OF
/ which we all complain. In 100 years prior
/ tc the election OF William Mckinley we
had sold abroad more than we had bought
abroad, and bad for our enrichment a bal
ance or trade Of S4O0mO,0OO 20 show for
I this 200 years. But since 1897 we have
sold more abroad than we have bought
4 abroad; not NJ the rate OF S400oo0.1o0 In
! 100 years, but more than SJ0O,00O,O00 per
annum, Not S40A, O00,o00 In 100 years, but
/ s.. 500. 100000 In hvc years
In Mr. McKinleys speech Of acceptance
I OF his first nomination he declared that 1T
/ was wiser TO open the mills for the I'M
I limited employment Of American labor
I than to open the minis for the unlimited
Z coinage OF the worlds silver" The mills
4 have been opened. and no American 10 this
/ year Of grace seeks employment In vain.
< What Is tue resultf We manufactured
more last year than all the shops and oil
/ the factories OF any other two countries
face Of the earth, by more than $1,000.
( 100000. Our people consume more food
/ wear better clothes, live IN more com
Portable homes, and enjoy better educh
tional advantages than any Of which the
( world bears record our markets are the
I envy OF all nations, and our productive
I capaeity the establishment of all peoples
our hope must be the preservation Of that
( which Is desirable and our aim the con
summation Of yet grander achievements
we must neither close our eyes 20 the
evils that confront us nor forget the bless
7 ings we enjoy. IL Is early Ia the morning
yet. and We are an Infant nation. The
day Is full Of promise and that which Is
and has been, Is but the earnest OF that
which is TO be.