The Columbus journal., 1903-06-03
CURBING MONOPOLY.


The San Francisco Chronicle very
truthfully says that it is useless to deny
that during his brief term of Office Pres
ident Roosevelt has done moro than has
been accomplished since monopoly be-
came dangerous to bring consolidated
capital into subjection to the Law. It is
not difficult in response to popular de-
mand to get them enforced against the
opposition OF powerful moneyedinterests.
President Roosevelt already has to his
credit the t0mbstOnes of the salt trust,
the shingle trust, the beef trust, and now,
with little doubt, that OF the Great
Northern Securities company. These
are the first distinct victories over capi-
tai ever achieved in this country in the
interest OF the public, and they have
been achieved, not in animosity to CAPT.
tai, not in a revolutionary spirit, not
with the intent or desire to prevent the
free employment Of capital in whatever
amounts for useful purposes, but solely
with the object Of forestalling any posi-
bility Of oppression and solely by the
enforcement OF existing Law. The laws
under which these victories have been
won have been on the statute books for
years. The one important thing accom-
plished before 1902, under the law, was
the establishment Of tho illegality Of
pooling by competing railroads. That
did little good, for equivalent devices
were substituted. President Roosevelt
has attacked these and has won. Foz
his success he is doubtless in great meas'
ure indebted to the great breadth and
depth OF the legal knowledge OF Attor.
ney General Knox and his faithful and
vigorous service, but the personality and
strenuous character of the president are
back OF it all. He 10 not only enforcing
existing Law, but has procured additional
legislation which will enable him tC
accomplish more. He has just begun
the work. It is safe to predict that be
fore he ceases to be president he vii
have definitely established the status ol
the great corporations on basis which
will permit and encourage tho employ
ment of capital in all legitimate ways
but will make corporate oppression q
impossibility. And that u tho advan'
tage Of . vigorous president.
WALLAcEs' farmer which is good
authority upon all subjects relative {,
farming, has summed up the crop pros
pect as follows: Tho dealers in stock
in the great markets are watching tn
fields very intently these days. So, also
are the dealers in grains in tho grea
market centers and to . less extent, also
the dealers in live stock in the grea
central markets. The whole country i
looking at the farmer. Watchman, vha
OF the crop? Az to be expected, tn
government report showed decrease q
about five points in tho winter whea
estimates. There viii likely be Q furths
decrease the frst OF July for tho reaso,
that there is an excess OF water in man,
fields, turning the grain yellow and HeG
sian fly bugs are reported over other &c
tious, and no doubt there will be out
breaks OF the wheat louse. None tho les
We stand the chance Of having % larR
il not . larger winter wheat crop thal
have ever grown before. Thece will b
great grass and hay crops this year pro
vided it can Be properly cured. Th
entire crop u late, from . week to teI
days, and the farther south appareotl
the later it IL - compared With fofme
seasons. We do not care to predict th
, future. We can only tell what y ped
We may have . bumper crop OF corn; -
may have, but that u not probable. W
may have the right weather in tho futur
: for IN aveeage crop but IL excessive rain
continue the PROBABILITIES are that th
Icrop viii b beloV the avoEagA"