The state herald., 1908-07-31

trust law under existing rulings OF the |
supreme court has given rise to sugges- |
ton for Its necessary amendment to |
prevent Its applications to cases which |
II is beloved We're never in the contem-
plation of the trainers of the statute. |
Take two instances a merchant or man |
ufacturcr engaged in a legitimate busi- |
to sell his business and his good will, |
and so In the terms of the sale obigates |
himself to the purchaser not TO 20 into |
the same business In those states. Such |
restraint of trade has always been en- |
forced at common law. Again the en- !
ployes of an Interstate railway combine
and enter upon II peaceable and lawful |
strike to secure better wages. At COM
mon law this was not restraint of trade |
or commerce or n violation of the rights
OF the company or of the public. Neither
case ought to be made n violation of the
antitrust law. My own impression is
that the supreme court would hold that
neither or these Instances are within
Its inhibition, but II they are to be so
regarded, general legislation amending
the law Is necessary.
Democratic Plank Discussed.
THE suggestion of the Democratic
platform that trusts be ended by for
30 per cent. OF the plant In any line of
manufacture is made without regard to
the, possibility of enforcement or the
real evil in trusts. corporation con-
trolling i5 or 80 per cent. of the products
may by well known methods frequently
effect monopoly and stamp out compe-
tition In any part OF the country as com
pletely as II ii controlled co or 20 per cent
thereof
Proper Treatment Of Trusts.
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 Grim
innl prosecution, in order that methods
pursued in the, operation of their busi-
ness shall be brought within the law.
To destroy them and to eliminate the
wealth they represent from the pro-
dueing capital of the country would
out OF employment myriads Of work.
lngmen. Such n result is wholly un-
necessary to the accomplishment of the
needed reform. and will innict 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 1t proposes to do the
same thing in a different way. The
business of this country is largely de-
pendent upon IA protective system OF
tarins. The business done by many of
the so-called trusts is protected with
the other businesses of the country.
take of the tariff in all articles COM
ing Into competition with those pro-
duced by the so-called trusts and to
put them on the free list; II such
their business as II is, indeed. IL would
not only destroy the trusts but all of
their smaller competitors.
Effect Of Democratic Policies.
ITO take the course suggested by
the Democratic platform in these mat
ters Is to invoke the entire commu-
nifty, innocent as II is, In the punish
mcnt OF the guilty. while our policy
Is to stamp out the specific evil
This difference between the policies
of the two great parties is OF special
Importance. in view OF the present con-
dition OF business. After the years of
the most remarkable material develop
ment and prosperity. there comes finRn-
clal stringency. a panic, an Industrial
depression; This was brought about
OF business plants and business invest.
mcnts which could not be readily con
verted. but also by the waste of cap
i,Si n In n,Ss ss,raTasanee o. living in wnrs
convertible capital was exhausted. In
addition to this. the confidence of the
lending public In Europe and In this
country had been affected by the rev
Citations OF irregularity. breach of
trust, over Issue OF stock. valuations of
law and lack of rigid state or ma
uonni supervision In management of
our largest corporations. Investors
withheld what loanable capital re-
mained available, II became impossible
enterprises TO borrow money enough
for nsw construction and reconstruc-s
ton.
Restoration Of Prosperity.
''Gradualiy business is acquiring n
healthier tone. Gradually wealth
which was boarded, IN coming out To
be used. Confidence In security of bust
ness investments Is a plant OF slow
growth and II absolutely necessary IN
order that our factories may all open
again. In order that our unemployed
may become employed, and In ordNr
that we may again have the prosperity
L.. 1.N TO-. s..a
Identity Of the Interest OF the capital
Of the farmer. the business man and
the wage Garner In the security and
pront OF Investments cannot be too
largely omphasired submit 10
those most Interested, to wage .arnerH
to farmers and to business men. whcth.
r .ns paf.y s nio g BRYAN 9 'ss
It's head. and with the business con
struction that II openly advocates a.
remedy for present evils. Will bring
restoration OF prosperity.
The republican doctrine OF protcc-
ton, as definitely announced by tho
Republican convention this year. and
by previous conventions, In that tarin
shall be imposed on all imported prod
gcta, whether Of the factory. farm or
mine. Huincleptly great to equal the
dincrcnc. between the cost OF producs
tion abroad and at home. and that this
difference should OF course. include the
paid In this country, and tn. wages
paid abroad. and embrace n reasonable
pront 10 the American production.
Advantage Of Unions.
ITO give 10 employees their proper po'
alton In such controversy TO enable
,hem TO maintain themselves against
employers having great capital, they may
we'll unite becnuEe In union there n
itranEth and Without u each indlyiduRl
,aboror aud smploye would b. helpless
rha promotion of Industrial peace
fhrouuh the fundamentally pf the TRADE
agreement u often one Of tho results %
such union when intriiigontly conducted
There IL lnrgr body Of lAborrfs
however, skilled and unfkilled, who ar
not organized into unions, Their flghu
before the law arc exactly the same o.
those of the union men, ANA are 10 -
protected with tho same care and watch
luinouHt
'tn order 20 induce their employer iEl1
#, compliance with their request fuf
changed terms OF employment workman
nave tho firht 10 strike IN a body ThrY
have a riHhh 60 Use furli persuasion ~