The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1903-03-30

and virtual monopoly Of produc-
tion. There are a number OF strong
Independent concerns which arc in
various stages Of growth and devel-
opment. and these, as they become
formidable. are to be taken in. The
general policy which has made the
Standard Oil the greatest corporation
on earth as well as the greatest
monopoly is to be followed as closely
as trade conditions and circumstances
will permit The experts of the steel
trust claim 10 have title to So per
cent of the iron ore deposits Of the
country. and the gigantic corporation
is reaching out after more. It is
barely possible that these ambitious
plans may never be carried out, but
those in command feel confident OF
success. II may be that broad public
policy will intervene to prevent the
schemes of aggrandlzement but this
Is for the future to determine.
These plans Of expansion are not
being publicly advertised by the men
who are giving their time, energy and
money to the work of bringing about
the consolidation Of tho purchases in
view. They are too wise to invite
criticism or stimulate adverse politl-
cal agitation. They have no desire
TO become the great issue in state or
presidential campaigns and seek re-
tirement rather than display. They
are proceeding on what they believe
to be a grand plan for the greatest
good to the greatest number and as a
sound business proposition, not hostile
to public veal. They hope to event
ually command the markets. not only
of the United States, but OF the world,
and to do so they must arm them
selves with the weapons TO compel
commercial victory. They are equip
ping themselves with resources in ev-
cry direction-raw material without
limit mills and factories and furnaces
in which iron and steel products OF
every variety can be manufactured at
a minimum cost, and cash in the
strong box sufficient to force the out
put into every market on earth on
terms to overcome competition.
From the very inception of the trust
: campaign has been under way look
ing to a monopoly of the markets in
! both hemispheres. These plans are in
a very advanced stNge today. When
hard times come, II they do, the steel
trust will be found equipped TO scat
ter its surplus production to the fur
thermost corners OF the world. Ready
} to undersell the mills of Breat Britain
! and Europe right at their doors They
J expect to be able TO neutralize politi-
cal antagonism at home by keeping
every establishment open and giving
! fun employment to hundreds OF
, thousands OF men who would be idle
or only on half pay If old conditions
prevailed and cut-throat was indulged
: in between rival manufacturers.
The one thing they expect to pro-
tect themselves and the American
workingman against is overproductlon,
! and the only way they can do that
when the home market becomes glut-
, ted is to find a place to place the
} goods abroad. The old world manu-
facturers and statesmen are keenly
= alive to the dangers ahead and they
dread the arrival of the day when
the Yankee terror" invades their do
main in deadly earnest.
This is no idle dream. The great
est minds in America are giving them
selves up to the molding of plans
for the prolongation Of the period Of
merican prosperity and they have
boundless millions behind them in
money, and the resources of the con.
tInent.
The industrial corporations are at
the present moment more flush in
cash resources than a majority of the
railroads. although n few of the lat
ter are very strong in that particular.
The Standard OIL Company, tobacco
trust the sugar trust American
smelling and the big steel corporation
are all lending money to the street"
Some of the railroads too have a
surplus which they are placing at
the disposal Of the business intert SITS,
notably Northwestern, ST. Paul, Hin.
ois Central, Pennsylvania and Rock Is.
land There are other roads ,hat have
borrowed largely and have no lmwe-
diate use ftr the money pf)vilel.
ANA these FUNDS are all to call Some
tines the hening operations Of tLese
corporations figure in the bank trans
aNions direct bu' in other cases TIE