The Providence news. (Providence [R.I.]) 1891-1906, 1902-10-30
that same Republican governor. fosters
industrial piracy and monopoly
DEMAND TARIFF REFORM.

IF you will buy a copy. OF the last
weeks outlook you Will find the greater
part OF II given up TO a description OF the
views OF the people in the great Repub-
lican states OF Iowa. Wisconsin. Mime
sofa and Nebraska. and you will learn
that fonr-nfths OF those who express "a
their Views TO the correspondent were
republicans demanding reform Of .he
| present tariff
emnn TSa are Sf aware that 6t that sss
house OF representatives.. finding the pub
lie opinion upon this issue OF his own
party 80 strongly opposed TO his views
But come nearer home, 20 that state
which has always been quick TO register
changes in public opinion. and YOU VIII
ind many Massachusetts RepuDicans
outspokcn for changes I'm the tarin. IN
deed. In the Eleventh district. as you
know. the choice OF the party Leaders
was set aside. and Mr. Foss nominated
solely because OF his views upon iarin
revision.
Gradually the people are seeing that
tariff laws have been made at the dicta-
tion OF the few for the benefit OF the
few at the expense OF the many. They
have seen colossal fortunes accumulated.
gigantic corporations formed. salaries
dealt out that were more than princeiy,
and this has been accompanied by
steady increase In the cost OF the neces-
tiles OF life. In the cost OF house pulid%ing %
and a lessened purchasing power Tor
Here in New England we have begun
why something cannot he done TO open
10 us the markets OF Canada. and 70
bring 10 us those natural products wnich
with lavish hand have been given her
And let me quote again from that
Republican governor OF a Republican
state Governor Cummins OF lowa.) III
there are certain parts of our country COUNTRY,
with which 10 build IN their nagging rae
tories cheaper than they can get II else.
where. n reciprocal treaty should give II
To hAn nd
from Canada. I'm the manufacture or
which thousands OF American laborers
can be employed. and cann9t ger ~ w WIN
reclprocal treaty should give IL TO them
without duty
SUFFERING FROM TRUSTS.
"But II Is not only for frecr trade that
the peo. .e are asking. There is a wide
spread feeling that will not down that
the industries and well being OF the
many in this country are suffering from
the administration OF great aggregations
of capital. commonly known as trusts.
Great corporations are to be expected In
country like ours.
Properly conducted they have been.
and may again be. beneficial. but we
have found by experience that there is
a terrible danger connected with them
which Is almost their invariable accom-
paniment. and that is the attempt to
become monopolies. To reach that end
are bought out at prices far In
excess of their real worth; capitalization
far exceeds the value of the acquired
properties.
Millions OF common stock which repre-
sents only good viii or In other words.
water are issued, and then every effort
is made TO raise prices, 10 control the
and to pay dividends.
1.-The theory of the trust advocates is
IL. tf..s. nf
ton can be secured and the sum total
OF profit for division between capital and
labor increased and goods sold to con-
sumers at a lower price That might be
the result IL human nature were perfect.
I do not say that the men who have or
ganized and managed the trusts are
worse than ordinary men.
II only say that they have been given,
by wrong legislation and by neglect to
enforce the laws. opportunities for fieec-
ing the public such as men have never
had before and they have made the
most of them In many Instances compe-
tition has been stamped out ana thou-
sands of small dealers reduced to penury.
The dictation of these monopolies, when
successful means the crushing out OF
individual business enterprises
Small dealers must conduct their busi-
ness as the trust dictates, or no goods
will be sold them: they must ship over
certain designated railroads and sell al
rates in a restricted terri |
tory or no goods will be sold them
MANY men have rebelled at this ty-
ranny. only to be ruined. By secret |
agreements with railroads rates are |
given those In favor with the trusts. |
which are so favorable as to make II |
impossible for the less favored TO con- |
tinue I'm business. Do you wonder that |
A tariff which aids business combination, |
conducted with such methods, Is said TO |
foster industrial piracyT
FAVORED INDUSTRIES.
But what | think most CALLING to the |
American people today Is that these
favored Industries. for whose benefit we |
all are taxed. and TO whom we pay tri-
butte, are not willing to give TO the Ameri- |
can people the benefit OF their cheap pro-
iuction and their many ways of saving. I,
In their dealings with us we have not |
even the benefit of the most favored |
nation clause, and their products are |
sold throughout the world at from 20
per cent to S5 per cent less than In the
home market.
II, will not do TO tell us (as they do)
that this is but selling OFF surplus of
old stock. That might be valid excuse
for an occasional mark-down sale In a |
foreign market, when IL was undesired TO
break the price at home But no, IL Is
to the foreign market they point With
pride'-the markets OF the world are to
be ours II we will only tax ourselves
to such an extent that they can export
their products and compete with the labor
Of Europe.
Fleets are purchased to carry their
goods. Does the Morgan ship combine
look as though II was intended to use
Europe simply for thesexport OF occasion
al oyer-production? No, secure in the
monopoly Ga word odous 10 the English
speaking world for three centuries) at
home sheltered by the extreme duties or
Dingley tariff, they make profits OF from
% per cent TO 100 per cent. That sturdy
infant, the United States Steel corpora
ton, sells It's rails, made at cost OF $5
a ton, at $50 and enjoys the protection of
duty of $3.50 per ton. (Wire nails are
four times as high as I'm 1881
THE window glass trust has doubled
the prices OF four years ago. Perhaps
some OF you have wondered why the cost
OF building has so increased In the past
Ave years. A study OF the prices OF the
materials needed for the construction OF
a workingmans house Will tell you why.