Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1904-09-01
THE DEMOCRATIC AND RE
PUBLICAN POLICIES
On the Trust Issue-The One Effective Be.
cause Right in Principal-The Other
Pure Humbug, Costing the Average
American Family $50 Year

Pure humbug, costing the average
American Family $50 Year
What we call trust depends on a
monopoly, natural or artificial. With
out such a monopoly, no combination Of
capital can harm the public, or indeed
do anything but good by etfectine
economies that benefit all by lowering
prices. If it attempts to make prices
| extortionate, competition at once
comes in as a regulator. The natural
monopolies as a benign Providence
! has distributed Natures blessings and
resources, are very few. Substantially
all our trusts rest on artificial monop.
| oily which has been created for them by
governmental power, first in the tariff
and second in discrimination by rail
roads, which operate by delegated
governmental powers in the right Of
| eminent domain, or of taking any
citizens land for their own use, just
as the government can. How wickedly
the railroad determinations have oper.
ated is illustrated by the development
Of the Standard Oil Trust. Roughly IL
Illustrated. they charged the Standard
Oil Co. Sl.OO for freight when its com
petitors were charged $500; and not
only that, but the Standard Oil Co. was
given the extra Sl0O which its competi
tor paid. OF course no competition
could live under such methods, and Of
course they were nothing, in law OF
ethics, out robbery on the public high
way, which a railroad is " virtue Of its
power of eminent domain.
Generany the trusts, which are organ
lied behind the tariff wall TO the porten-
tious extent we showed last week, have
this extra guard in the way of high.
waymen's methods BY means of it they
have prevented the fulhlment of ...e
one valid excuse for high tariff, that
though it might bring extortionate
prices for a time. the domestic compe.
tition its big profits would invite would
come in to reduce them lower than
ever.
All that is necessary to put an end
to the whole trust evil is-as the
Democratic party is pledged by its
record its platform and Judge Parkers
statesmanlike speech Of acceptance
first, to lower to a reasonable point the
tariff on every article whose production
is in the hands of a trust, and sec.
ond by adequate legislation to stop
these railroad determinations. The
first could do no possible harm to any
body, and only stop robbery, because
our manufacturers are already beating
the world, and our trusts are selling
their goods in Europe at third or a
quarter less than they do at home. What
they are thus collecting in robbery of
tine American people, as nearly as it can
be computed, is Sl,250,0O0,0O0 a year
or $50 for every average family.
When the Democratic party was in
power, in 1887 under the first Cleve.
land administration, there was passed
in the Inter state-C Commerce act, what
was intended and believed to be suf.
fcient legislation against railroad
determinations. The Supreme Court has
since by its decisions taken all the
virtue and effectiveness out of the law
The Interstate Commission, and es.
pecially its able Vermont member,
Charles A. Prouty, has year after year
pointed out how the law can be amended
TO meet these decisions and accomplish
its purpose, and year after year has
pleaded with Congress for the necessary
legislation. But the Republican party
mas iNluetu " 10 the uIeI N1luEs AS
with the tariff, it Stands pat" for the
trusts.
In the meantime II tries TO fool the
people with the Sherman law-which
Senator Hoar says in his Autobiography
Mr.. Sherman introduced by request,
never even read, probably, and never
pretended to expect to amount to any.
thing-nnd which carried to its logical
end would mean that any three grocers
or other tradesmen in town who
should agree on prices would be guilty
or a crime
The whole of the Republican policy on
the trusts is that while steadily build.
ing them up by wrongful stretches Of
governmental power, il will pretend TO
break them down by another stretch Of
governmental power, that is totally inn
practicable as well as wrong. This was
admitted practically, by Attorney
General Knox's announcement, immedi.
ately after the decision in the Northern
Securities case, that the government
would not run amuck." In other
words, he said substantially, what is the
fact. that honestly carried out, this law
would break up four-ffths of the rail
road systems of the country.
As part Of this humbug the present
administration got out an injunction a
year ago against the beef trust, but that
trust has gone on just the same robbing
consumers OF millions upon millions.
The Republican party has organized
also Bureau of Corporations, to
gather information about trusts. 1t
put George B. Cortelyou at its head,
and after he had been there long enough
to learn the secrets of the trusts suf-
ficiently, it transferred him to the
chairmanship Of its national committee
TO utilize this information in frying fat
out of them.
With the liz s so plainly drawn be-
.rcor tba nroo, ans Of the two parties,
- - ~ ~ question which an intel