The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1902-10-03
TRUSTS IN ENGLAND
Gross Misrepresentation Of Facts
BY Republicans to Fool
the Voters.


OF pockets lean and thousands fat. Is
responsible for many misrepresenta-
lions and falsifications. II depends
upon deception for its existence. II
the people knew the facts Its exist
ence would be very short.
One OF the lies perpetrated blythe pro-
tectionists to fool the people is In re-
gard 10 trusts In England. In the face
Of facts to the contrary. the Republic
ans continue to assert i'm their cam
paign books. in newspapers and ON the
stump that free trade England seems
to be especially the home OF trusts.
as their last campaign book puts it.
Notwithstanding the absolute dis
proof Of this statement in the Demo
cratic campaign book. the Chicago
InterOcean OF Sept. IL. in an editorial
entitled Let Well enough Alone.
makes the following statement:
Furthermore. the free trade rem
edy for trusts is VIGOROUSLY futile. IL
it were in any way effective no trusts
would exist in free trade England.
Yet they do exist there and are quite
as powerful as here"
What are some of the indisputable
facts?
/. The combined capital OF all the
trusts in England is less than $780,
900 900, or only one-third the capital
of one of our American monsters.
O. The longest list of trusts in Eng
land ever printed by the Republicans
contained IS trusts with 100000. 900
capital. This is less than one-ninth
the number and one-fourteenth the
capital OF the list of American trusts
printed in the Democratic campaign
book, which specifies 2S7 trusts with
$6,972. 44s.S51 of capital.
3. English trusts are comparatively
harmless Affairs and cannot and have
not arbitrarily advanced prices ex
cept in a few instances. like that OF
brass bedsteads. and then only tempo
rarily.
The difference between a trust In
free trade country and one in a high
tariff country can be illustrated by the
borax consolidated. an English corpo
ration with $16.00o.000 capital. This
is a world trust and the Pacific Coast
Borax company Of this country Is the
greatest of the ~ companies in the
trust. and probably supplies as much
borax as all OF the other companies
combined This world trust sells re
| fined borax in this country today al
Ia cents and in England at 2i7 cent:
| per pound. Much of the borax sold II
| England is from the mines of Califor
| MIA and is refined there or at Bayonne
". j., and exported 10 England. Th'
duty on imported borax is 5 cents pc
pound and was raised from 2 cents II
1897 by the Republicans. When thu
duty was 2 cents borax sold here q
| 5 cents. AS a matter of history. 1t ma,
be stated that had there been no dut.
on borax here there would have beel
no world trust. The exorbiant profit
OF the trust have enabled 1t TO sci
borax at less than cents pound II
Europe and to force its competition
to sell their plants at low prices. Blu
this trust is comparatively harmless
in free trade England. while 1t is mos
harmful in protectionist America
Prof jerks. in the employ OF tn
Industrial commission. went to FL
rope in 1901 and made a 300-page re
port on Industrial Combinations i
Europe He could enumerate but 3
trusts in England and his conclusion
do not differ from the above stats
ments. He states that lin England tn
movement toward combination has nc
gone so far as in either Austria Q
Germany" and that the English trust
have had little or no effect in advan'
ing prices, the slight advance durin
the last two years being que in goo
part to the increase in the prices {
raw materials
Austria and Germany are the hig
protectionisf countries OF Europe an
are the only countries which hay
trusts to compare at all in size. pows
and fiendishness with our tariff-nn
tured. dictatoral combinations.