The Glenwood post., 1908-08-01
Proper Treatment of Trusts.

Unlawful trusts should be re-
strained with all the efficiency of in
gagged in maintaining them should be
punished with all the severity of Grim
mai prosecution. in order that methods
pursued in the operation of their busi-
ness shall be brought within the law.
10 destroy them and to eliminate the
wealth they represent from the pro-
ducing capital of the country would
entail enormous loss. and would throw
out OF employment myriads of work
ingmen. Such a result is wholly un-
necessary to the accomplishment of the
needed reform and will infiict upon the
innocent far greater punishment than
upon the guilty.
The Democratic platform does not
propose to destroy the plan of the trust
physically, but it proposes to do the
business of this country is largely de-
pendent upon protective system of
tariffs. The business done by many of
the so-called trusts is protected with
the other businesses of the country
The Democratic platform proposes to
take off the tariff in all articles COM
duced by the so-called trusts and to
put them on the free list. If such a
course would be utterly destructive of
their business as it is. indeed, it would
not only destroy the trusts, but all of
their smaller competitors.
Effect of Democratic Policies.
To take the course suggested by
the Democratic platform in these mat
ters is to invoke the entire commu-
nty. innocent as it is, in the punish
ment of the guilty, while our policy
IS to stamp out the specific evil,
This difference between the. policies
Importance, in view of the present con-
dition of business. After the years of
the most remarkable material develop
ment and prosperity. there comes finan-
GIal stringency, a panic, an industrial
aot only by the enormous expansion
nf mis- N nd h,to INV
ments which could not be readily con-
verted but also by the waste of cap
in Ssr of living bs in res
convertible capital was exhausted. In
addition to this the confidence of the
lending Pn6lie Son in Europe and in this
elations of irregularity, breach of
trust, over issue of stock. valuations of
law and lack of rigid state or ma
tional supervision in management of
our largest corporations. Investors
withheld what loanable capital re-
NAMED available. it became impossible
for the soundest railroads and other
enterprises to borrow money enough
FOR new construction and reconstruc-
ton.
Restoration Of Prosperity.
Gradually business is acquiring a
which was boarded, is coming out to
ne used. Confidence in security of bust
ness investments is plant of slow
order that our factories may all open
again, in order that our unemployed
nay become employed. and in order
that we may again have the prosperity
that has blessed US for ten years. The
identity of the interest of the capital
of the farmer. the business man and
the wage Garner in the security and
profit OF Investments cannot be too
largely emphasized. l submit to
to farmers and to business men, wheth-
ar the Introduction into power of the
peomcratic party, with Mr.; Bryan at
struction that it openly advocates as
a -emedy for present evils. will bring
bout the needed confidence for the
restoration of prosperity.
ton as definitely announced by the
republican convention this year. and
by previous conventions, Is that a tarin
sEall be imposed on all imported prod
ucts, whether of the factory. farm or
mine. sufficiently great to equal the
ton abroad and at home, and that this
difference should, of course. include the
Inference between the higher wages
paid in this country. and the wages
profit to the American production.
Advantage Of Unions.
ITO give to employees their proper po-
sition in such a controversy to enable
them to maintain themselves against
employers having great capital. they may
well unite. because in union there Is
strength and without it each individua
laborcr and employe would be helpless
through the instrumentality of the trade
lgreement is often one of the results OF
such union when intelligently conducted
however. skilled and unskilled. who arc
aot organized into unions. Their rights
before the law are exactly the same as
those of the union men, and are to be
protected with the same care and watch
fulness.
i compliance with their request for
changed terms of employment workmen
nave the right to strike in body. They
have right to use such persuasion a a
the point of duress, to lead their reluc-
tant co-laborers to join them In their
union against their employer and they
late funds to support those engaged In
strike, to delegate to officers the pow
er to direct the action I, OF the the union. Mon and
sociates from dealings with. or giving
custom to. those with whom they are
in controversy.
What Labor Cannot Do.
What they have not the right to do
is to njure their employers' property. to
injure their employers business by use
of threats or methods Of physical duress
against those who would work for him
or deal with him or by carrying on what
is sometimes known as a secondary boy
colt against his customers or those with
whom he deal. in With tSem M ne
to aid them in their struggle. but they
NAV not through the fundamentally OF
a threatened or actual boycott. compel
third persons against their will and hay
ing no interest in their controversy to
come to their assistance. These princi-
Piles have for great many years been
settled by the courts of this country.
''Threatened unlawful injuries to busi-
ness, like these described above. can only
be adequately remedied by an injunction
to prevent them. The Jurisdiction of a
court of equity to enjoin In such cases
arises from the character Of the injury
and the method of infictins It and the
fact that suit for damages offers no ade-
quate remedy.
"The injury is not done by one single
act. which might be adequately compen-
sated for in damages by a suit at law.
but 1t is the result of constantly re-
CURING series OF acts. a.,. each Of Which IN
injury OF, make a suit at law worth
multiplicity OF suits at law