The Teton peak. [volume] (St. Anthony, Idaho) 1899-1904, 1904-10-20


you voted 1t out of power and rdi-
culed the uselessness of this law, said
il was passed merely for show, and
that no attempt was made to enforce
it. The, Democratic party was IN
power four years, during which time
they made no attempt to enforce the
Sherman antitrust law, and their ex-
cuse was the law was not sufficient,
that it afforded no remedy against the
evil of trusts. and they maintained
that position during the four years
of their rule in this country. They
did not show any particular zeal IN
breaking up trusts. But, since the Re-
publican party returned to power In
1897 they commenced the enforcement
Of the Sherman antitrust law, and
they have kept on from that day until
this, until there are more than 160
final judgments against trusts. wind
ing them up and breaking them en-
tirely and there are several times
that many cases pending now and
they are being prosecuted as rapidly
as the machinery of the law in its or
derby course will admit of 1t.
Definition Of Trusts.
What Is a trust? Every combina-
ton of capital is not a trust An in
dividual cannot build a railroad from
here to Nampa. 1t is desirable en-
terprise. 1t Is necessary for q num-
Der of men to UNITE their capital and
their energies in order to do 1t. That
is not trust. 1t would be a trust
If they would DO arrange it so that no
other person Or company of persons
could build railroad, so they could
have monopoly. A smelter is needed
In mining camp: one man can't
build it: number OF men unite in
doing 1t for the general good of all
the camp in order that the ores may
be smelted to their profit. The own
ers Of it are not trust. but 1t would
be trust If the smelter was so or
ganized and arranged that no other
smelter could be built or If some
other smelter was built and they were
strong enough and rich enough by
their combination to treat the ores at
such prices that they would starve
the other smelter. Say a large meat
establishing mt was started in this
town for the purpose OF bringing in
cattle in large quantities and slaugh-
tering them under favorable circum-
stances to supply the people with
meat. That Is not a trust. IL some
other establishment should come in,
as We have seen done right in this
town, and say: 1--WE will give you a
certain price for your establishments"
they don't ask what he wants, they
say: We will give you this price,
they fix the price themselves; he says,
Il don't want to SELL 1 have started
this business for the benefit of my
boys; they are coming on and / want
to make 1t permanent business for
the family" They say: III you don't
sell at our price we will start shop
right next to you and undersell you
until we break you" That Is the
policy they pursue, and ne is forced to
sell out. That is a trust, and that is
the kind of trusts the Republican
administrator is going after and it is
breaking them up. They went after
the merger Of those two great rail-
roads In the north, both of them pass
through the state OF Idaho. and 1t
oroKe them up, broke up the merger.
ana IL STANDS ready to make good the
uecree. Thes e things are not done in
d Jay tney require time and organi-
zalon and the application Of the ordi-
nary rules of process and procedure
Inc Democratic party has no record
as trust buster. applause It had
the opportunity to make such q record
pu' IL oldnt. 1t says, But II you will
just give US chance now we will
SNOW you W hat we can do" They
niisht' prooa ply they would gather up
some points from the Republican
party Qaughter) and they might
make SHOW Of breaking up a trust
OF Two, but they didn't do It when
'hey mad chance. The Republican
party has the only record ~ anv ~
...icai party for attacking and de-
sloyihs vicious trusts-trusts that
~. .,"ea'eh or destroy the prosperity of
me people tapplause); that prevent
. ~, that prevent each of you.
II you may elect so to do, from start
ing business and maintaining n
upon the open field Of competition
dealing fairly with your neighbor.
Park er Doesn't Know.
NOW, Mr.. Parker says that ia one
of the great issues, and tho ~, ne
- "'one Gun De trusted to solve the
trust question. He doesn't krou,
~" ABOUT IL. He has not been close
enough 10 Hairs of government dur
.ns ms NE time to know anything
- IT, II you will read his speech
~ acceptand e you will see that be
hardly knew which side 10 i'o
questions hi party ranrosoa certain
eahe the laughing stock of the pa-
It, % ms own party by reason OF
So arlty with the affairs of
W. q, ne - good judge-they saw
neroa. anu nave no doubt that the
|. " ms Judgments is as good
VS. "ns o'her judge In his state. But
man, we want a man who
hon' p. e"eios the necessity OF law and
A. ~ enaq II, who knows what 70
~ WIN the law after 1t is enacted
~ emo rec 1t and how to balance
= ~, eht among the people so
H. WI, "ork equitably all along the
,is.o we want man who knows the
rant az" ,radltlons OF the govern
ne is gong to govern. We want
n.an VINO knows something of our
- ons WI IN other governments not
nay III the present, but in apo, th,.