Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-10-16
END OF The coal STRIKE.

END OF THE COAL STRIKE.
The great coal strike that has agi-
tated the country for the past five
months is at an end. At least this is
the announcement from Washington.
1T has been happily terminated by nu-
tual concessions and by an agreement
to arbitrates differences upon the plan
suggested by the operators. President
Mitchells visit to washington and his
conference with the president has been
followed by a statement that an arbi-
1 tration commission of six had been ap-
( pointed by the latter, presumably ac-
ceptable to the strike leader.
The strenuous efforts of President
Roosevelt brought the warning coal
factions together, and he is entitled to
the victory. He was reinforced by a
& thoroughly aroused public opinion,
which led the operators to make con-
cessions.
It Is fortunate for the country that
the movement has been arrested by
ronciliatory measures Affairs had
reached such crisis in the coal region
1 that the next logical step would have
been call for government troops to
suppress lawlessness and violence. This
record of murders, destruction Of prop
erty and intimidation constitutes the
I darkest blot upon the action of the
81, inrr ry,l
) by the leaders or not, these deeds OF
sdesperadoes can not be effaced from
the history Of this movement as easily
MS the other features.
Arbitration takes on new interest
as the result of the decision. In this
cease it means the mutual recognition of
the rights of both capital and labor.
It. has been victory dearly wrung
from powerful opposition by the la
borers. II has cost them much. and
as the weaker party they have UNDER
gone great privations. AS to the coal
barons the losses they have incurred
have largely been the result of their
uncomprornising folly. II it shall lead
2
Ito more general arbitration of diff
ferences, at least one desired result
will follow.
The country will rejoice In the re-
moval of the embargo on the hard coal
trade, and the threatened famine will
to some extent disappear. II complete
resumption Of mining now follows a
large quantity can be supplied the
trade before winter really opens.
Il kHOx'S REMEDY FOR HURTFuL TRUSTS.
Attorney General Knox, in a speech
In Pittsburg Tuesday evening, dis
cussed the commerce clause of the con-
Stitution and the trusts, referring by
the latter to the great business combi-
nations as the result of evolution. He
presented the legal and practical
phases of the question Of restraining
monopolies and hurtful trusts as de-
veloped by legislation and judicial de-
cisions.
The conspicuous noxious features OF
trusts existent ind possible, he said,
are thsee: Overcap italization, lack of
Il publicity of operation, discrimination
in prices to destroy competition, insult
ficient personal responsibility Of officers
4 and directors for corporate manage
n1ent, tendency to monopoly and lack OF
appreciation in their management OF
their relations to the people, for whose
benefit they are permitted sto exist.
DISQUALIFICATION is the chief OF
these and the source from which the
minor ones flow. 1t Is the possibility
Of Observation-Disclosures that furnishes the
temptations and opportunities for most
of the others. apitalization does
not mean large capitalization or CAPT.
talization adequate for the greatest I'M
dertakings 1t 10 the imposition upon
an undertaking Of a liability without a
corresponding asset to represent IT.
Therefore overcapitalization is fraud