Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-08-14
eRosscuP SOUNDS WARNING.
of MonopoIies Only Hope O
the Nation.


Dixon. Ill., Aug. 14.-In the superyis-
ion of monopolies by the government
lies the only hope for the perpetuatior
|of the American nation. according tc
IJudge Peter S. GrosscGp. who, before
the Lutheran assembly. sounded warn
ling against the results of trust me'n-
DDS in driving workmen from invest
ing their savings because of unstable
stocks.
In the fact that within the last ten
years the deposits in savings banks
have increased from S2,000,0o0.o00 70
1910. 900, 100000, sinister rather than a
isauguine meaning was traced, the judge
declaring that under normal conditions
this vast amount would have been IN
vested by the laboriag classes. but that
ii. was lying idle because polite swfnd-
llers and high-up rascais" We're able to
subvert the laws and give TO stocks
value that they do not really possess.
.We can never go back to the days of
| our boyhood," said the speaker, but we
| can go back to the days when the man
with Sl00 did not have to hoard 1T or
lintrust 1t to his naighbor for safe
keeping. but could put 1t into indus
| tries. sure that 1t would return with
earnings.
What should be done? Change the
laws so that no set of men can organize
corporation except on strict legal
basis. Then put it under such super
vision as the national hanks are sub
/ iect to, and believe that, little by lit
tie this immense boarding in the saw
linss banks of s10.000,00o.000 will be
-; ,i,,f
The paracea suggested by the speak
er for industrial ills, and the troubles
between unions and employers will
eventually be supplied in the rise of
political party that Will adopt policy
of restricting the operations OF un-
principled promoters. prohibit the is
suance of watered stock. and restore
stability to industrials. Until the
bourse is stable, the analysis of the sir
uation ran, the wage Garner will hesi-
tate To invest his savings, and 50 long
as his hoard remains idle he is out Of
the category of owners, and Is there
fore shattering the Ideals of citizenship.
Until there is a reversion OF the Old
idea of IAN acre for every man strife
will continue to be waged between cap
ital and labor. and the moment con0l-
tions are so changed that the majority
of the people are possessed of no pro-
prietary interests the time will be ripe
for what Judge Grosscup called
reproduction of the French reVoiu-
ton
One great danger to which the
speaker pointed with emphasis, con-
corning the manner in which the arti-
sans are being isolated since the per-
fection OF machines that made mana
work unnecessary. In the manner IN
which unionism has lately taken drastic
action to fight the employers little dam
ger was scented but the impending
trouble in another direction is more
serious.
There is a great danger which can
be summed up in brief sentence. Inc
present Organization of corporate
property; the press... attitude OF WORK
men toward corporate property. anu
the exclusion by reason of the dlstrus'
of the people. at large, from investing
in corporate property, is producing 4
state where the people at large are
separated from the property OF the
country. That is danger which goes to
tha foundations of republican society.