The herald and news. [volume] (Newberry S.C.) 1903-1937, 1904-10-04
labor and capital involved in indus
trial enterprises.

1t is estimated that there are in
the United States between two and
three hundred combinations Of cap
ital and corporate interests, known
as trusts. which have grown up in
the last few years under republican
rule. Some of them are so conduct
ed as to be pernicious and harmful
to the general interest. With the
power they are able to exert, they can
lessen competition, control prices
and regulate to their own advantage
the law of supply and demand In
dividual effort is helpless against such
strong rivals, and the natural right
of all persons to barter and trade is
uInaturaliy restricted. The effort
OF these trusts is to control or mo-
nopolize. and these monopolies, when
un7estraincd, seem to produce condl-
tions which bring about strikes and
disorders. and disturb the business
affairs Of the country.
Local Self-Government.
Local self-government, that came
to us not as the gift of the national
government. but as the legitimate
outcome OF the reserve powers or
the states and OF the people. is the
very corner stone of Our political
structure. and the best assurance of
liberty regulated by law. 1t can only
be maintained by strict observance
OF the limitations OF the federal con-
stitrtion. The democratic party has
always resisted, and will continue to
resist, the encroachment by its enc
mics upon the fundamental rights Of
the people of the several states. All
power comes from the people, and
should be surrendered only in the in
terest of the people, and whenever
this power is used for selfish interests
it is not only an abuse, but usurpa-
tion.
Arbitration.
The declaration in the St. Louis
platform in favor of arbitration is
one that appeals to my sense OF fair
ness. Nations and states have en-
ployed to advantage this method OF
settling disputed questions, states
have invoked it's aid with good re-
suits, and individuals frequently have
resort to it in adjusting questions Of
difference. The Hague Tribunal,
representing the sentiment Of con-
citation. is the highest practical ex-
preston of intelligent thought on
this subject. The principles of ar
bitration are the same whether gov
erning in the great courts of nations
or applied in the affairs Of industrial
life. Its permanent establishment
as a part of the industrial system OF
the country. upon a basis OF mutual
consent of all parties to controver-
sy, would insure more friendly rela-
tons between employer and employ
ed, for the interest Of the working
man and the employer is Identical.
1t affords safe and equitable method
of determining differences that may
arise. and has been called "a reason
able and natural mode" of settling
such disputes. The spirit OF arbi-
tration is kindred to the love Of law
and order. 1t is the arblter OF peace
instead of war. and makes for hap
piness instead of sorrow.
Race Issue.
All lovers Of their country must
deprecate the rehabilitation by the re-
publican party OF disappearing race
issue. at a time when every effort
should be made to promote rather
than retard the progress which was
being made in the states where
slavery had existed. toward kindlier
relations between the two races. The
revival of this issue, with all its at
tendant evils, must of necessity re-
tard the development of the south
ern states, whose people are strug-
Cling manfully with conditions LETT
BY the war, and seriously lnterteres