The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-08-04

economy. the benefit of which IL
shares with the public. or takes some
illegal method TO avoid competition
and 10 perpeturate hold on the
business.
Unlawful trusts should be re-
strained with all the efficiency of in
junctive process. and the persons en-
gagged in maintaining them Should
be punished with all the severity OF
| criminal prosecution, in order that
the methods pursued in the operation
of their business shall be brought
within the law To destroy them and
to eliminate the wealth they repre-
sent from the producing capital OF
the country would entail enormous
loss. and would throw out of en-
poyment myriads of workingmen
and working women. Such result
/ is wholly unnecessary TO the accom-
plishment OF the needed reform. and
will inflict upon the innocent far
greater punishment than upon the
guilty.
The Democratic platform does not
propose 10 destroy the plants of the
trusts physically, btu it proposes TO
0O tltt SAINT tllDS a dlhtlthA " a.
The business of this country is large
~ dependent on a protective system
of tariffs The business done by
many OF the so-called trusts" is pro-
tected with the other businesses of
the country. The Democratic plta-
form proposes TO take off the tarie
on all articles coming into COMPETE
ton with those produced by the So
called trusts" and to put them on
the free list. II such a course would
be utterly destructive of their bust
ness, as is intended. il would not only
destroy the trusts, but all of their
smaller competitors. The ruthless
and impracticable character of the
proposition grows palmer as its ef-
fects upon the whole community are
realized.
To take the course suggested by
the Democratic platform in these
matters is TO involve the entire COM
munity. innocent as it is, in the pun
ishment of the guilty. while our pol
icy is TO stamp out the specific evil
This difference between the policies
of the two great parties is of espe-
cial Importance in view of the pres
ent condition of business. After ten
years Of the most remarkable ma
terial development and prosperity.
there came a financial stringency, a
panic and an industrial depression
This was brought about not only by
the enormous expansion OF business
plants and business investments,
which could not be readily convert
ed, but also by the waste of capital.
in extravaganza of living. in wars and
other catastrophes. The free con-
vertible capital was exhausted. In
addition TO this, the confidence of
the lending public in Europe and in
this country had been affected by the
revelations of irregularity, breaches
OF trust, overissues of stock, viola
lions of law, and lack of rigid state
or national supervision in the man
agement of our largest corporations.
Investors withheld what loanable cap
ital remained available. 1t became
impossible for the soundest railroads
and other enterprises TO borrow
money enough for new construction
or reconstruction.
Gradually business is acquiring a
healthier tone. Gradually all wealth
which was boarded is coming out 10
be used. Confidence in security OF
business investments is plant OF
slow growth and is absolutely neces-
sary In order that our factories may
all open again, in order that our I'M
employed may become employed. and
in order that we may again have the
prosperity which blessed up for ten
years. The identity Of the interests
of the capitalist, the farmer. the bust
ness man and the wage Garner in the
security and profit of investments
cannot be too greatly emphasized.
submit to those most Interested. tC
wage earners, to farmers and TO bust
ness men, whether the Introduction
| into power of the Democratic party
with Mr.. Bryan al its head, and with
the business destruction that 1t open
ly advocates as remedy for present
evils, will bring about the needed
confidence for the restoration of pros
perity.
The Republican doctrine of pro
lection, as definitely announced b,
the Republican convention of thil
year and by previous conventions, Il
that tariff shall be imposed on al
imported products, whether OF tbs
factory, farm or mine, sufficient.
great to equal the difference between
the cost of production abroad and a
home, and that this difference should
of course, include the difference be
tween the higher wages paid in thi
country and the wages paid abroad
and embrace a reasonable profit L
the American producer. A system o
protection thus adopted and put il
force has led to the establishment o
a rate of wages here that has great.
enhanced the standard of living o
the laboring man. 1t is the policy o
the Republican party permanently Il
continue that standard of living. II
1897 the Dingley tariff bill was pass
ed, under which we have had, as al
ready said, a period of enormou
prosperity.
The consequent material develop
ment has greatly changed the condi
lions under which many articles de
scribed by the schedules of the tarif
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