New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1906-01-31

Only because their combinations is
not yet clearly protected, do they not
do it at the present time, but that's the
tendency, and our country -millers
might only survive as silent partners
of this trust deal that is coming.
Protection will of course make the
success of the milling trade in general,
more secure and as my answer to the
question from the human standpoint,
I want to say that this security of
course can only stand till it is once
more divided, if the supreme court
which sanctions special privileges,
represents the supreme right and VIII,
or II the people are supreme. The
people at heart are only interested that
there is sufficient production and dis
tflbutlon and not in that the price of
these things are one way or the other.
Therefore the advanced economist
bases his economics on the rights of
man to exist and the duty of society to
make laws that by the best arrange
ment Of International production, all
OF the human race is fed, clothed and
housed with the least effort and waste.
Production for use only and not for
profit, is what the world wants and
needs in the face of an increasing
population and relatively decreasing
area fit for GUILTY. alton. Every road,
house and every railroad built are
diminishing the cultivatable space on
this earth.
Second-The general condition of
the states with regard to unemploy-
ment, is becoming more and more
Identical to the condition Of all other
countries where labor-saving ma
chinery is used and improved. That
is, the steadily employed skilled work
ingman is becoming less and less Sc
cure in his employment, division of
labor is degrading the masses in
general skill and the machine throws
many out of work without providing
an equal opportunity for them and
those dependent upon them. The pre-
ference of the unmarried and young
laborer down to children is working
great havoc with the existence of the
family-supporting worker, the founda-
tion of a healthy nation.
Third-The masses are not aware of
the benefit Or damage Of protection
from a scientific viewpoint, but they
are on the way to wake up and study.
The masses simply want living, pro-
lection or free, and the economists
stand is divided on the fundamental
principles of economics. The econo-
mist who is an individualist and holds
to competition for living, wants if he
is logical, protection. The economist
who is for cooperation of all factors
for the benefit of all. naturally
must be for free-exchange of the worlds
products, which are plentiful and make
competition for a living the absurdity
of the ages.
Fourth-The effect of production up
on trusts must in the nature of the
thing tend to strengthen the trust and
its monopolistic tendency, because
protection is the very contradiction of
the capitalistic economist who stands
for competition and when he has sue
ceeded in knocking most competitors
out, he favors protection, SO as to keep
foreign competition off his path. This
is proof that protection is the embodi-
ment of falsehood and dishonesty.
Fifth-ln view of the fact that the
most commodities and necessaries of
life are we'll under way to becompletely
transformed and monopolized, those in
control of the trusts either by written
or silent contract and by strong favors
shown them from those great trans
portation corporations as railroads,
express, telegraphs, steam-lines, etc..
can dictate the prices of all we buy,
either ready-made or raw material.
IuC SICdU LII dllul dCGuISrS To-Day nave
sunk to such inhuman art as to rather
burn up a surplus, than sell it for less
money. 1t is therefore easy to con-
clude the dumping of over production
on foreign markets is not for agrees
siveness on foreign trade but simply
to keep up profit-giving prices at home,
high enough to enable them to sell any
surplus at cost or below in foreign
markets. There might be some few
exceptions to this general truth on
dumping
In conclusion I wish to say that re-
cent events in high financial and CON-
mercial centers, and the recent endeav-
or of bankers and the United States
treasurer to create more elastic
currency, in order to help the specula-
tor out of his troubles by granting the
special privilege to banks to offer in
dustrial or other speculative securities
fo, L 4.