The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-02

private interests who find ir the control
of a party organization a highly eth-
cient means TO the attainment OF their
selfish private ends.
1t is from such q fate that we who
are banded together in this movement
would save our party.
We do not. as some would have you
believe. seek through the instrumental
ity of the party to destroy the corner
stone of our political fabric. We seek
through II simply TO clear away those
distinctions which have grown up
around 1t and that debris which has ac-
cumulated about it in the passing years.
and in the light Of bitter and dearly
ought experience to build. as we be-
.leve. more wisely upon It,
Economic Problems.
Grave problems. in the main social
and economic. rather than political in
the narrow sense press upon us.
We would have our party fulfill the
raising its standard upon advanced
ground in the contest against privilege
and greed and accepting as its OWL, and
carrying forward to acceptance by the
whole people principles which are essen
TALLY democratic in the broad sense of
that term and by the application of
which, we believe, these problems can
alone be solved, with justice to the
people and equity and fairness to all
the interests involved.
We seek your aid to the accomplish
ment of our purpose and ask, merely.
that YOU examine the propositions we
advance on their merits. and that you
will not ALLOW argument by epithet' TO
blind you TO TIE truth.
The extraordinary Industrial and
commercial development following our
Civil Wal saw our people vie with
each other in strenuous pursuit of the
nimble dollar. Some few of them,
blessed with broad vision, engaged in
the pursuit on a scale unparalleled.
In this chase, industrial and COM
mercial enterprises. heretofore com
peting, were combined for the avowed
purpose of securing greater efficiency;
to prevent the duplication of plants and
otherwise to work economies In produce
ton and distribution.
In the work of concentrating these
enterprises a step was taken the evil
effect of which we have not yet fol-
lowed in all its ramihcatioha Issues
of capital stock were not limited to
the values of the properties combined,
but potential values" were in such
issues capitalized. These potential
values represented, If anything,
Hope" a valuable asset, but thereto
fore not considered an asset readily
converted into coin of the realm by
other than confidence men.
These issues by play upon the in
stinct, which seemingly is inherent In
most of rs, to make every dollar pro-
duce to its utmost capacity, found their
way In large volume into the hands of
the people.
Forming of Combinations.
BY this means there was created a
practically new body of u-ltra-conserva-
tives. financially interested In the pre-
%petuation and growth OF these COM
bines and in the maintenance by them
of a maximum earning power, and
who could be depended upon in great
part because of their financial interest
to defend the employment of business
methods, which but for such interest
they would condemn or at least seri-
ously question; who could be counted
upon strenuously to resent all effort
to bring these combinations under SUI
pervistOn, regulation or restraint, no
matter how reasonable, II thereby their
earning power might be affected.
With these combinations formed, and
reinforced by this newly created body
of ultra-conservatives, those directing
them left the path of natural ] .9Es@rial
evolution and none too scruITlous as
to methods, acting on the theory that
number of golden coin-justiied the
means, proceeded TO stifie competition.
So successful were they in this effort
that in many branches of manufacture
theoretically. complete exists. One step
in this sitting, crushing process de-
serves special attention.
Competition requires that access to
our great public highways-the rail-
roads-shall be free to all upon equal
terms. Without such access on such
terms fair competition cannot exist
Those who ruled these combinations
perceived this fact and extorted from
the railway companies secret rebates
and allowances, and so obtained an
added and all powerful mean to the
accomplishment of their new found pur-
pose.
Not content with this, they sought
and obtained representation in these
great transportation companies and
then to stifie competition among com
nnttnR and nn4a1IeifnR lines nqnEpd
these to enter into ''g~entlemen's agree
ments" and. analsy. fearful perhaps
that some parties thereto were not gen
tlemen. they sought to combine par
allel and competing lines as they had
concentrated competing Industrial and
commercial enterprises.
With virtual monopoly prevailing In