The Detroit times., 1908-08-25

these licensed corporations to do bust
ness on an honest basis and TO be rta-
sOnable in their business methods
Mould not the benefit accrutng 20 ia"
~ small corporations thus protecteu
from constituencies methods be enough
20 offset any evil effects that might tol-
low, from such restraint OF a rev blS
corporations? Is business so Deepen
dent upon dishonesty and unfaifneSs
Ri would Ej5sst sl1SttsS==
stroyed' II morals were introduced INTO
II? When the Licensed corporaiioh,
reached a point where IL controlled
one-haf OF the business IN which n
was engaged. IL would, according 10
the democratic plan, have 10 stop eN-
banding. Would IL 'eNtirpate ana de-
stroy business 20 put this Limitation
upon the greed OF few corporations"
Surely our plan could not injuriously
affect corporations that might hereaf-
ter seek To establish a monopoly.
'Rut possibly Mr. Tart thinks that u
would 'eNtirpate and destroy business
10 apply the plan to existing mOnopo-
Hes. Let us see: Suppose we have
corporation now controlling - per cent
OF the output OF the article "a which IL
deals, and through this control regu-
lating the price and the terms Of sale.
How would the Democratic plan ar
feet it2 \ date would be fixed at
which the law would take effect, ana
on or before that date the corporation
would be required 70 apply for a Ii
CCnse. The evidence would show that
II controlled larger proportion OF thu
product than the law permitted and II
would be compelled 20 sell OF enough
OF its plants To reduce its output 20
80 per cent OF the total product. It.
could then comply with the law, OBJ
tain It's license. and proceed 10 carry
OF It's business in accordance with the
law Would IL 'extirpate and destroy
business To compel such q corporation
10 dispose OF enough OF It's plants TO
reduce its production 20 so per cent
The people would still need the article
produced. :
which Il was compelled To sell would
tJr-c-J-rTr II -
with II. This competition would re-
duce- prices, and the reduced prices
would Increase the demand for the ar
ticle. and this Increased demand would
stimulate the building OF more fac
tories and give larger cmploN ment To
labor. The restoration OF competition
in that industry, instead Of 'CNt1rpattur
and destroying the industry would re-
vive and enlarge il. A part OF tho
benefit would go TO the consumers IN
the form Of a cheaper product and a
better product, part would Pu to tttr-
producer OF raw material In the form
or better price. and part would 20
To the Wage earners IN the form Of bet
ter wages. The only person TO lose
would he the trust magnates who
would no longer be able To collect dtvI-
AeHas GA -watered- stock hX- controlling
the market
Il have quoted and requoted AlY
Tafts language because | want TO im-
press upon the minds OF those VINO
listen to me the absurdity Of the oh
lection which he raises TO the Demo
cratic plan OF DISCRIMINATING monoPo-
1Ies.-ue falls 10 distinguish between
the honest business that makCs a
country prosperous. and the brigandag-
practiced by private monopOlies. The
people have been robbed by the trusta
to the extent Of hundreds OF millions
year. and IL Mr. Taft is not yet con
scious OF what is going on. and not yct
aroused 10 the iniquity OF these trusts.
how can the country hope for relief