The Florida star., 1905-02-24
ECONOMIC REVOLUTION
Effect OF Corporation Policy De-
scribed by Judge Grosscup.
HOW INDUSTRIES ARE DOMINATED

Chicago Jsytss say. Tesseaey %
chs.se Fro. I.asvsa sal OwsershiD
a Prosperity 90 Cerpsr.tien Coatres
: ss 90 Mako Azersee.s . Nasisa %
DsD~zs<.ss-sev< He wesIa Regea-
ersss Our Cerpsrssfsa Peltey-
Judge Peter q. Grosseup OF Chicago
presents In the February McClure's q
new phase % the striking change from
Individual ownership of property TO
corporation control that has been In
progress In this country during the last
twenty-five years. The following az
tracts are from his article, entitled
''Row to Save the Cooperation"
Tho effect OF the corporation under
the prevailing policy of the free. go-ss-
you-piesse method Of organization and
management has been 60 drive the bulk
Of cur people other than farmers out OF
property ownership. and IL allowed 10
70 on as at present u VIII keep them
out When the Individual proprietor Of
the past selis out his business % the
eorporation he does not reInyest his
capital In his old line Of business He
pats % In the bank or In some bond
When the workman has got together
some savings he does not become pro
prietor OF part proprietor. He spends 10
or puts &c In the bank To men like
these no kind Of active investment
practically considered is left open The
industries are now dominated by the
corporation. and proprietOrshlp In the
corporation has come to be for those
only who are experienced In corporate
WAYS OF who are willing 10 take q
chance at the corporate wheel. And
thus Il happens that just at this mo
ment we are in the midst OF q sweep OF
events that unless arrested and turned
90 q different account viii transform
this country from q nation whose prop
erty In within the proprtetorship or the
people az large TO q nation whose In
dustriaI property 20 far ss active pro
prs~turship goes will be largely In the
hsnis Of q few skilled or fortunate 80
iieutenAnts.~
II this tendency Is not stopped we
shall become "a nation Of dependents"
declares Judge GrossCup. and he would
stop It by federal control Of CORPORA
sions. the exciSion % stock tob6laE and
wuter loggeSi concerns and an employ
ees' profit sharing system
sSrhe transformation OF the owner
ship Of q country's Industrial property
from It's people generally 10 few Of
tts people only reach.s the belroCk OF
social and moral fOrces GA which alone
the whole structure OF republican lnsti-
tutioas rests: Tor under such conditions.
instead OF depending each on himself
and his own intelligence ehiedy f1r SUI
cess. the great bGik Of our pt~-p1e IN
crpasingly viii bsS-oCHe depcadeats uP-
ON Others. Tho-e who Po~ssSs iHNesu-
bIe means viii come to r~ly solely up
on the great financial Institutions aud
those who possess nothing but cspac-
fry for tabor upon the greaI "rEantEa-
sissns of labor. That - psternallstn' pa
terualiSm IA almost is nuzl form. tae
psternsilsm that viii eventually divide
the country into two hostile camps. the
earn of those who have aud the camp
OF those "a IN have not: the Paiernaiisln
that speedily dCsC~nds into scfuAi sSAte
socialism or Cry rOJtet citizenship as
nsrsesess AEi sIualid a. state sSrI@I-
t<mL
Here. thea IN our own day and 81
this esrty hour Of TIE day = TIE part
ing Of tie ways Ahead lies the road 70
p.ter1aalI.rn. To the IefI u the oq-<n
roua 10 state socialism They look now
NE distinct wayA the~e t~S r2eiA
Over bsss and prscipscrs al their oSs-
But a iitrse way akesd, within the dis
tanoe that any eSear eye can carry. TIE
swe roads meet For let n MT he for
xossen hy sAsse ~Ths preach The -