The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-06-28

Uut, Ma
An unpron,islng stretch Of weather for
a Thaw, 81 4. II Il s.,
Y Mr.. Bryan on Monopoly.
Editor OF The Timos-Dispat ch 81, !. i 81
VI slE-High tarln never created mon
can desc. / III ali the tariff Were re-
moved the largo corporations would still
continue doing bus iness. The removal
suits: First, the lowering Of The margir
Of profit; second, the formation Of ms
ternational corporations 8 thu first re
Chance FOR Tie small "REMINISCENCES mani ta Inn
nov; because, as tho margin OF profit
falls. the volume of business will be In.
creased. because large sales at small
PROFITS viii pay better than than small sales
As the margin Of profit falls and the
volume OF business increases, cap tai
must be Increased. and the opportunity
ingly5 abridged. ING Monopoly then comes
as the logical result OF comnrerolalf evolu-
ton. and owes 4 is existence to economic
Ivy hn5 rfquzes he tne
Fastening this development BY. raising
the margin OF profit on nanufnctu tired ar
ticles. thus inviting more rnpld acolinu-
would, have resulted liz the development
eaa peo' TIC e ouiiyati IL @ feersao
the hasten liz growh n na
when the trce has become we'll root ed,
havo the eject OF destroying Il It. Take
off all tho tariff, and IA he OIL trust. u ho
s Sss rss ve s e1s sss tu saS
tinue doing business as store HS8
Monopoly may be divided into three
classes: 4 Ii, NJ . ,5s
First, one owning control q TIE greater !,
wells. coal mines. oto.! RS 13. q, L 1T \.
Second, Ono having control, BY virtue
Of B government fiat Of some i;invention,
BIS Third, One because OF superior econo-
mic efflclency, such as Il railroad, tele-
phone, gas ter. light and power CONS
panies and al others, which, ex x, be-
on small margins Or profit. ss.si De-. s.
Now It must be reme bered that there
are good monopoltes and bad monolpolies
and Mt would be quite as unjust to de-.
stroy all nronopoles because some x of
them we've hnd as it, would he to hang
all men because some committed MUIR MUIR.
II is readily admitted that ms power
becomes concentrated i becomes danger
our--lt must likewise e be conceded that
in se way then %
stroy the railroad engine, because y Is
moro dangerous than the oxtentn which
It. superseded: I'll stS; VI S
poly should not DO permitted to do any.
thing that Is not In Itself contrary 70
good morals. which Is always good pubs
'lln policy2 When Mr.. Bryan puts pri-
outlaw, and says it must b destroyed,
root and branch. t seems that no does
not show n discriminating mind nor
gvs enaspeG Ct HcW enreg
IT.? There IRE but two nlohods open to
him; Either he. must eliminate2ie by
substituting public monopoly for + or
n NJ. t, y ftcrib'|d esorporations e % more
The The objection to the nrst, Is thnt the
country Is not ripe for extensive Up
tho second that il Ii IN. violation OF
economic law, and would DO Il q crime Inns
ngai,sst society 3 1s S& ~
that an a nh9ua ne sepys
MS effectively ana cheap!y as possible, Is
simply ignorant repression-whi mover
was and never can be O. remedy for any
thing. y. Il IA,
II, on tho other hand. Mr.. bryan
all large corporn tons now. he goes 2
bow-shot beyond even tho most radical
4 It is conceded that private monopoly.
uncontrolled ~ law, VIII usually abuse
its powers. 1t,has practically the power
Sc tnT'f9q pry wn' sasa sss
on right and wrong. and leave both
Individuals ana corporat Ions free TO- 90
Itself. and at the same time establish
such agencies OF inspection and regu-
iation as would detect wrong and rehuke
THIS n1%ssh Of gSa s Sna ssfss
Sat sno tSs b0 done nssf1 nrya
olinging to tho exploded theory Of com,
measures to take the world back to a
COURSE woaldl Mt be progsTessive. but
asine'yely reastiGnsTy the NEED
structIon, Never before: not excepting
the formative period OF our govern
ment, was there 80 great need for con-
dIvidual 10 the community; from co,n-
petition to cooperation, and we must
W i1n y Pna% e saS must az q
likewise. tho collections Fl individuals,
have equality Of OPPORTUNITY arg exact ne
Corporations cannot sin, but that the so.
some some individual Or Individuals, Who hide
| behind the CORPORATE, name to 90 VIC
acts that he would not dare commit IN
strong str gar arm and seize this R'Individnal,
whether millionaire or pauper, and nut
| him in tho same. jail, to he. fed on the
same rations. with other dlsreputables
two standards and retain, our freedom,
The poor wretch who steals q ham now
goes TO the pen. the man who sttals m
| Enrded as an exponent Of financial
| prowess hone when Mr., BRYAN has
| more fully outlined his Views that they
1 may contain more construction and less
A, F. THOMAS.
Lynchburg. Va. 9.