The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-07-28

are not based on any economic prin-
cille. but are made neteiy lyr lae
punOss 81 controlling rne maregt l0
muufAin o. raise prices rosiril oui /
pnJ ant drive Out Competitors the pan
DE derives TO benefit and We have a
monopoly There must be some use
by me c0gpany of the comparatively
grea slzs Df its capital and plant and
extent OF Us output. either 20 c1erce
persons TO buy of IL rather .lhen 81
some competitor or 90 eocrce those
VINO would cOmpele with lt 10 give up
! their business There must usually.
I in other words. be shown an element
ol duress I'M me cOndurt OF It's busi
ness toward the customers Ia The trade
I and ls Competitors before m ~ ag
I gtegatiOn oi capital or plant becomes
/ an unlawful monopoly II is perfect
| iy conceivable that in rlc interest Of
4 economy OF production great number
oi plants may be- legltlmalely as
semuhd under the ownership OF one
/ corporation ID is Important, there.
lore, that such large aggregauons Of
/ capital and combination should be con-
trOlled SO that the public may have
ine avenues of enterprise kept open to
/ HE individual and the smaller corpora
zion wishing 10 engage in business.
Not asVioIation Of Antitrust Law.
In D country like this. where, i'm
good times. there Is an ENORMOUS float
! ng capital awaiting investment. the
I peri0d before which effective competi
riOn by construction of new plants,
can be introduced into any business,
! IS comparatively short, rarely exceed
ing year, and is usually even less
than that Existence of actual planl
is not, therefore, necessary TO poten.
dal competition Many enterprises
limye been organized on the theory thar
mere aggregation of all, or nearly all,
existing plants in a line of manufac-
ture, without regard to economy Of
production, destroys competition. They
have most of them, gone into bank
Eruptcy. Competition in atprofitable
business win not be affected by the
mere aggregation of many existing
Il phRs under one company unless the
company thereby effects greaf ECON
any, the benefit Of whicn it shares
/ vath the public, or takes some illegal
I method TO avoid competition and to
, lperpetuate a hold on the business.
/ Propef Treatment Of Trusts.
Unlawful trusts should be restrained
with all the efficiency of injunctiye
proeess and the persons engaged in
maintaining them should be punished
with all the severity Of criminal prose
! cution, in order that the methods pur-
sued in the operation of their business
shall be brought withja tne law 10
destroy them and TO eliminate The
wealth they represent from the produc-
I ing capital OF the country would entail
/ l,.ffe Df
of employment myriads OF worxingmen
ana workingwomen. Such a result Is
wholly unnecessary to the accomplish
meut of the needed reforms and will
inflict upon the innocent far greater
? punishment than upon inc guilty
: Republican Doctijne Of Protection.
{ The Republican doctrine of pro
: lection as definitely announced bl
E the republican convention OF this yeal
!. and By the previous conventions, is
I that a tariff shall be imposed on al
!, imported products, whether of the fac
. cory farm, or mine, sufficiently grea
! 20 equal the difference between thC
+ cost Cf production abroad and a
& hCme. ana that this difference shOull
Z of course include the difference De
ween the higher wages paid m thn
fpuuuy aud wages paid abr0af anS
e embrace reasonable prilit to tll'
L American producer A system of pro
> lection this adopted and put in fore
y has led he establishment Of rat
III II wages here that has greatly en
4 lnced the standard -of LIVING of th
4 aboring man u rs the policy of the u
Il iublicau party permanently to con
!, inue that standard of living. In
4 eS7 the Dingley Tariff Bill wa
I'll asset uuder which we have had, a
, lllready said, a period oi enormous
roaperity
Necessity for Reviaion Of Tariff.
The consequent material develop
nent has greatly changed the cor
/, litions Under which many articles
described by the schedules of th
6rin ara now produced The tarii
IA a number of the sChedIess eX
ceds the difference between the cos
1 production Of such articles abroa'
, md at home including a reasonabl
, profit 20 the American producer. Tn
Ncess over that difference serves n
lseful purpose, but offers a tempts
ion TO those who would mpnopolyz
he production and the sale eff sue
, rticles in this country, to profit b.
: he excessive rate On the Othe
, land, there are other schedules II
! which the tariff is not sufficiently higl
!, o give tile measure of piotecuol
: which they should receive upon re
~ iunhcan principles and Is TO thos
I he tariff should be raised A reyls
!, ion of the tariff undertaken upon thi
/, principle. which is at the basis OF Oh
present business system. begui
IS promptly upon the incoming of th
rev administration and considered
2 nc a special session with the pre-
imnary Investigations already be
uu by the appropriate committees d
The House and Senate, will make IA
h disturbance of business Incident {
y cch a change as little as possible
I Advantage Of Union.
" 40 give TO employees their prope
position In such a controversy, to eI
able them TO maiutain themseye
I. against employers having great cal
y dal, they may well unite, because g.
u nion there Is strength and withOu