The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1902-07-11

was IN the treasury over and above all
current Liabilities, and over and above
the s15o.00o.00O gold redemption fund,
balance of nearly 100000, 90.
During Cleveland's administration we
Withdrawals to Europe, and had great
difficulty, and had to borrow, to maintain
the gold redemption reserve.
pices. we have become creditor nation,
the large balance of trade has turned the
tide of gold to our shores in great album,
center of the world. Money is plentier
and interest lower here than in any other
country, and to-day our country domi-
Under the leadership Of Washington we
gained our political independence. and I'M
der the leadership Of Mckinley and
Roosevelt we have gained our industrial
One of the important and engrossing
questions pressing the American people
in recent years: and at the present time
to regulate and control them so as not to
become oppressive and our masters. We
are living in the midst Of an economic
and industrial revolution. Old methods,
on numerous, but in each case limited,
scale have given way to new methods
on an enlarged and more concentrated
scale.
The tendency of the age is combination
and concentration, and where the chief
object of this is to lessen the cost of pro-
duction 80 as to cheaper the most to the
suppress competition or check the -reduc-
tion of price to the consumer, the public
VIII not be injured and has no fair
ground for complaint.
But combination which becomes in
one form or another an absolute mono
poly. or nearly such, shutting off all SUBJ
sence menace and a danger, because of
human selfshness and human greed COM
mon to all; as it places the public at the
mercy and under the heels of single
concern. would ka to no
the subject of an absolute monarch,
however f5;%st gentle, kind and humane he
might De, because we would be In his
Charles J. Bonaharte, the eminent law
yer of Baltimore, at the great confer
TENDER 1899, clearly stated the case, and
the distinction in the following Ian
go91ffe: +berefors Tho oo,,,,,na+,o, -,
freedom of competition, the consumer
will benefit by the reduction in the cost
of production thereby caused; if the com
blnation creates virtual monopoly the
consumer will not ordinarily benefit by
t9e decrease of cost; on the contrary,
the tendency of such a combination is to
cost of the product
The Republican party has not been un-
mindful OF its duty
10 PROTECT THE AMERICAN
PEOPLE
from the dangerous consequences of
monopolies so far the same can be
done by legislation. In 1890, during the
administration of President Harrison,
congress con grsss wa was Republican in both
trust law was enacted, prohibiting monop-
olies and. combinations in restraint of
trade, in Interstate commerce, which law
legislation on our federal statute books.
IN passing upon cases brought under
this law, the supreme court of the Unit
60 states th mas. IN substance, held that un-
no power to regulate combinations or
monopolies in manufacture as distin-
gushed from combination or monopoly in
frame, and no power to regulate or con-
trol combination or monopoly in other
than interstate traffic, and that the pow
er or regulating combinations or mon
rests with the several states and NOT in
the federal government
,e ar9m this It is apparent that the act Of
a Is u has substantially exhausted the pow
el' " congress IN the premises; and it is
lar from affording adequate relief There
afe hiorty-nVe atates in the Union, no two
=, inem WITH similar anti-monopolylegis-
A combination or monopoly in production
and manufacture, affecting the welfare
obeck e sn anS country can thus exist
me states. from whicn the people of the
other otn states suffer and against which they
o oan 96tan d no projection Besides It is
Interstate trafe II the Injuries en' Whi ts6m
m s4ote Ige can infict were limited to the
seat: then there would be no harm in
leavlng 1t to the exclusive control of suci
state ST. a out where such monopoly extends
try. then it is evident that the scone nf
the relief and protection ought to be co.
extensive !, isl with the injury and harm that
A monopoly. national in it's scope and
consequences should for the protection If
the entire people be subject to national
protection and national ADVANTAGES shonid
rsgu1stjon F9otecfion in rnsR sach ca ana
In the light OF these facts that these
necessities. clear to those who have stud.
lea the subject, and with view Of giving
opolies and hostile combina tons oi the nG H.
dietary committee of the house of renre-
s sendat in the Firty-sixtk congress,
reported joint resolution PROPOSING the
following amendment to the Constitution
OF the United States: :: $50 ~ -
Section l; Al powers conferred by this
the territories. the District Of Co,S 1afis'
and all territories under the soyereignfv,
a ana Subject to the jurisdiction Of the
Sec. 2 Congress shall have power to
define, regulate. control. prohibit. or dis
solve trusts, monopolies or otherwise. I
The several states may continue to ex-.
ercise such power in any manner not in
States. =. - -. - Fl : 1NS u =
Sec. g.. Congress shall have mower 81, 70, e
enforce the provisions Of this article bv
appropriate legislation, - = - '.s'S'ss
When this resolution was put on its
passage on May 81, 1900, nearly every
RRepublican voted for It and nearly every
Lem voted against It. IT failed Is
pass Tor want of two-thirds ma ority.
which was lacking because Of the united
opposition Of the Democratic party = =
Our state legislature, when the Repub-
leans were in a majority and under {
Republican executive; for the purpose of
portation, in 1874, passed the followinr
NO railroad corporation, Or. the les les
sees. purchaser or managers Of any rats
road corporation, shall CONSOLIDATE 81 tha
stock; property or ftane hise or such cor
g. at'on via. q or tho