The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-02-04
THE ULTIMATE TRUST.

Is the interstate of America the oerunne of an inter-
national trust that will control worlds instead of mere
mat OF nauon What else the meaning Of the Nor
gan steamship deal? AS political standby the trusts are useful
to the Democracy and they troublesome problem to Repub-
hcans but to the general public they simply represent often
OF those who lack capital.
The principle of the obvious so true and so natural
IN business that the best of America are at loss TO
see how its application practical affairs with trust as result
can be rrevented Smith and tones the GIL, vo grocery
stores Honolulu and are cutting one anoher profits to pieces
by competition what natural than that Smith and
Jones when they meet one another some congena occa OIL
should either consolidate their concern agree
upon less strenuous rivan other words form little trust
which will regulate the prices at which groceries will be sod both
in the store of Jones and in the store of Smith? What law
reach such propositions law may be passed prevent the
agreement on prices but then the natural recourse OF Smith and
Jones is actual consolidation and certainly law stop
them going into partnership.
The small local illustration may be conceived applying
the whole country Where is the remedy? Grover Cevelands
idea cutting off the tariff which protected American indus
tries from foreign competition This might have been effective
perhaps terrible general prosperity the country
certainly the Of deprvng the OF the prosperity
enjoyed during the past few OF it, but granting
its complete peventer of the combines which
have been already formed would have been permanent?
The steamship deal OF John Pierpon Morgan says No. Gut
ting off the tariff brings in the foreign competitor Morgan has
shown that the foreigner be included in the trust well
the American. Englshman, German Frenchman, holding
stock in corporation ready sell for profit That what
he bought the stock for Individual fortunes in the world today
reaching figures large enough defy international
petition trust attacked by reduced tariff might combine into
bigger trust with the foreign concerns which became comPe
by the removal of the tariff Morgan might
buy up European competitors well as American.
Everything that tends insure permanent peace among the
nations of the world everything that brings the different peoples
closer together every improvement nterconnenta commun
cation makes business more and more the KING the day
it be supposed be comingmust be coming
the dreams OF universal amount to anythngwhen the
business Berlin and the business Of New York under
another we'll the who deal between New York
and Chicago what prevent Berlin and London trusts
and Paris and every other country in the world
from standing basis Such result is the end to-
wards which the business world has been drifting for years
In the day when this state of affairs comes to it ever
doeswhen colossal PerpOnt Morgan bestrde the
world and allows the common people crawl about and
toll pay him tos-what become of our idea of men bor
equa" The rulers earth will be the directors of its
trusts They will be asoCracy they extent
now said that they control the policies kings and
cabinets and that Rothscld prevent inter
national