The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1903-11-20
THE TRUSTS EXPOSED.
Court Proceedings Have Done More
for Publicity Than Congress
and the President.

The exposure Of the way the ship
building trust was wrecked by Schwab
and others has been shown up By the
receiver appointed by the court and
more than verified by the evidence adj
duced at the court proceedings Re-
ceiver Smith characterizes the wreck
ing Of the trust as IAN artistic
swindle" and recommends the court
that the swindlers be prosecuted and
made to disgorge There is not much
doubt that other corporations and
trusts have been handled in the same
way and more exposures may be- ex-
pected in the near future. The as
phalt trust was manipulated in a
similar manner and many of the rail-
roads have been reorganized on a like
basis. but the receivers in the railroad
cases were friendly to the wreckers,
80 no punishment of the robbers was
attempted and they were allowed to
get away with the swag. The receiver
Of the asphalt trust was not so ccm-
placent and Gen Greene, the repub-
York city, is being prosecuted by the
receiver with strong probability that
he will have to disgorge some OF the
ill-gotten gains. There are a good
many other trust magnates on the
ragged edge and with hard times com
ing on and business decreasing. more
Of the promoters of these over-capital-
lied corporations will be taken into
court and asked to explain where ali
the money has gone TO. Thus the
9uarrels OF trust promoters over the
cold remains of some OF the trusts is
doing more than congress or president
for publicity
The public are not only swindled by
sxtortionate trust prices to enable
dividends TO be paid on excessive
capitalization. but those who have
been silly enough to buy trust stocks
and bonds find they have a de-
preciated security for the good
money invested II President Roose-
velt had been half as strong in pushing
publicity" as in some other matters,
what vast saving might have been
effected for the dupes of the trust
promoters. The last congress passed
law for publicity Of trust transac-
tons, provided an army of clerks and
appropriated the money to pay them,
but left the option Of publication OF
what might be discovered to the presi-
dent The bureau OF corporations un-
der which this work is being carried
on. has for months been engaged with |
the large force OF clerks in unravclIng
trust transactions. but the president
has not authorized the publication of !
any discoveries that have been made.
so the public are still paying the piper
but have received no protection.
Probably there will be no exposure of |
the devious ways Of the bad trusts"
until after the national election. as the
needs Of the republican party in the
coming campaign will require dona-
tons from the bad trusts" and hold
ing over the heads OF the trust mag
mates the threat of exposure of their
methods would be the most effective
way OF making them donate literally
- eAV iNPubiiedu tdiHpdfEu Iunu.
President Roosevelt has been posing
- the annihiIator OF the bad trusts
but this protection of their interests
BY not publishing their doings does
lot substantiate the title OF the trist-
Killer There be strange political hap
Jennings these days and more strange
It'll may be expected before the next
election.
-Roosevclt will not mind being
:alled a cutthroat; he is desperately In
earnest about cutting the neck Of the /
american continent-St. Louis Repub-
lc.
Henry 0. Havemeyer. president of
he sugar trust. said on June IA. 1899 !
hat "the mother Of all trusts is the Gus
oms tariff bill. II is the government
through its tariff laws, which plumbers
he people. and the trusts, etc. are mere ,
y the machinery for doing it."-AIbany
Lrgus.
Americans own half OF the Isle Of /
ines. and are b. Athing threats aeainst
he Cubans who are its government.
he island has been awarded to Cuba
We have territory enough without !
rudging this little stretch OF sand To +
he people who were born upon IT, r
'rooklyn Eagle. Z