Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1902-09-12

cancerOuS growth, winch Is surely eat.
ing into his vitafs, our administration
neg1ects Or refuses to use the knife of
the surgeon. 9Will the bringing OF in
junction suitssbe efficacious while the
trusts enjoy special privileges by way
of protective duties?
Democracy believes that the first
remedy should be the removal of all
duties upon articles handled by combi-
nations In restraint of trade. Let them
compete with the world. These Gin
fants," that have been capitalized at a
billion dollars and more, would seem to
have passed beyond the need OF tribS-
ute from the purse Of the American cit
izen. i ,~
Protective duties are only another
form of subsidy, the difference being
that we say to these captains of indus.
try, I'VE will not pay you the cash out
of the treasury of the United States,
but we will permit you to take it out
of the pockets of the individual citi-
zens." AS we are opposed to this form
of indirect subsidy, so we are also op-
posed to all forms of direct subsidiZ-
ing.
In this connection I desire to call to
your mind that the two United States
senators from Minnesota voted for the
ship subsidy bill. The senators from
Iowa and Wisconsin did not dare to do
so. Let me say to you that should the
people of this state send to congress
g. solidly Republican delegation this
fall, then I believe that ship subsidy
bill will be passed. It is now held up
to avoid shocking public sentiment in
the face of congressional election.
would suggest that the people of
Minnesota call upon their senators for
a definite explanation of their vote on
the ship subsidy bill. So far, the apollo.
giving has all been done by Washing
ton correspondents. Our senators are
now at home, amidst the people they
are supposed to represent Let us
have an explanation from their owr
lips. If we can pass laws which will
destroy the monopolistic tendencies of
these great combinations of capital.
let us do SO; but. by all means, let US
first repeal all laws giving them, spe-
cial privileges. 3.
FICTITIOUS CAPITALIZATION
DEPRlVES LABOR OF ITS DUES.
Nor should we stop there. Ficti.
tious capitalization should be prehib-
tied. This is one of the means by
which promoters have enriched them
selves, not only at the expense of the
purchasers Of the stock, but. of the pub
lie. Under the claim that dividends
should be- paid on sums greatly in ex-
cess OF the actual investments, exhor-
Fb1tant prices have been fixed on the
commodities soldSbr services rendered.
The attempt of the state to Justly regu.
late such charges SO az to. pay reason.
able dividends upon the actual invest.
ment has been by this device rendered
exceedingly difficult, labor has been
deprived of it's just share in the dis.
tribution of the product of it's efforts,
and those who have perpetrated this
fraud have made the claim that they
were being deprived of their prope fty
without due process of law, and have
frequently successfully invoked the in.
reference of courts to prevent just
regulation because it was impossible
to determine the correct basis for the
computation of dividends No share
of stock should ever be issued unless
the sum of moeny evidenced thereby
was first paid to the corporation and
by it legitimately devoted to the estab.
lishment and conduct of the business.
REPUBLICAN PROMISES ,-~v=.-@.~z
AND REPUBLICAN RECORD.
The Republican candidates, state
and congressional have. noTright to 20
before the people of this state upon a
platform sof promises. They have had
the opportunity. they a!:::;;ss mad the
power, and the people of the state have
rlghtstoaea s.eat hem aglpE.Qsaetstelhp
what you are going to Do. What have