New-York tribune., 1908-08-26

intolerabe, the Democratic party favors its exter
ment of the criminal law against trust msgnates
and officials. 1t is impossible for the Republican
trust officials: these officials intimately con-
campaign Take. for instance. the chairman of
n ne Republican speakers committee Mr. Du in Pon5
the government brought and prosecuting
Nj Du fonS Is charged with violation Of the anti
trust law Nhy should he be put the executive
committee ard then be given control of the speak
ing part & Of the campaign? If you talk to "a, Re te-
offenders he favors filming the corporation. the
but when you urge fines you told that fines are
UNJUST 10 innocent stockholders We favor both
fine and imprisonment. but think 1t is better to
prevent monopoes than to first authorize them TO
prey upon the public and then try to punish them
stead OF determination. but after years OF expert
the people have learned that the trusts control
the government.
additionaI legislation as may be necessary make
il impossible for private monopoly to exist in
The license system presents an easy way Of regu-
lating such corporations as need fedeTa & nd @
pose penalty for the violation Of The law but s es
Up evidence from sections Of the United States
ana hs Sonsb s reaf sherman antitrust law has
been in force for eighteen years no trust magnaIe
aW s sthosh n 1 few cases the court has
corporations guilty of violation OF tine ,n" must m
seek the defendant: by the use of the license sys-
tenn the corporation is compelled TO seek the gov
4 trust can best be defined &C soTPPorat+on1 Po sa+a1
quantity Of any article used IN this country as to
s9d s9 9s as the tR pTopoFon Controlled determines the
power of the trust FOR harm it has see, seemed % Pess ts
plan and Z per has been fixed aTbtra5ly m xyn as
cooperation which controls less than % per cent
Of the product in which it deals ma % in sSna@rd m r9n
trolling the price of the product and the terms ter, & OF
sale but as rule M fh fota proict hefor"
n can exert n hurtfuI influence trade Under
are
free and unhempered This IS not diFermina nsdns-
nition Of the fact that rules necessary In the
case Of corporations controlling large % caee
Of Of th rT9d~Sf ~nsh se cent
Of h % pen1red to- take out license under this
plan-possihly not Il Of m ner @ nent would find in
the law requiring a license in the case OF inc
larger ones!
PURPOSE OF LICENSE SYSTEM
Tho license. however, would not prevent the
,rowtb of Ihe corporations licensed 1t would sim
ply bring them under the eye of 'e i,h tee p96Iic
In such Way as AFFORD the public the PToteed
that such licensed co9TatOns p be the eomRsfq nSntf1
TO sell all purchasers IN all Pass Sne GI % aowance
9n for as cost Senf of attacks this
s. sb6sh that n 6fdef R
a afcie 2Satnf IS sehg m
nTt t of the country where has conpetitos at
low n and ountPT Where s has
price this is evidence that is ateTnptin&g & s the fhe
antil5rust nTtqI Ia0TsEG''FF' is%'F anu
ATH INC ~ so%ernnent should not interfere with one
eore than the other when such aggregations
ffosd Of ssf or fh fhey are results Of modern
enterprise and are beneficial 70 tnt With pPoduction on
large scale. No one objects TO Scar T %
sGne ,3ze Sproducts and take advantage Of all the
economics that large arnates attempt to
i s ss The here eubt fhas ihS nd 1a and M
consciously adoPs0 he made nd pan let the distinction
be accurately drawn let the ePecbe qbe
raftr does not oppose all on the .6a 6Gn
trar It recosnaes that - the te bubble The Demo
ratic partv wants employ every lnstruneltas NJ NY
that San good e but the Democratic party draws the
line at the private monopoy ana .+,fsd on either
economic political grounds
WOULD NOT DESTROY BUSINESS.
saPPOseh n the With the Democrate platform
law requiring every GorPor.9na 10 % ptpoI q
per cent Of the business in which i Is engaged a.
Would this ex,Tpa5e and sssd but @ yeTy small
naT cent Of the corporations would be affected by
the laS besn n aivns the officers Of the law much
trouble during the last eighteen years. 1 As 'ns
per cent 10 so per cent IT would be under the
e6 wa{eht1, m make ess such reports as the government
quired would be prohibited from Water,ng us s,0oR &
the same terms due allowance being made Tor cost
of transportation, :. ,,, cav
tirpate destroy business to apply the plabn to
existing m9nopoles- tiiin -, I x nar cent Of the
output OF the article in which II deals and through
eaIs How void the Democratic plan affect It? A
date would be fixed at which the law would take
would be required to apply Tor a license: Inc @ evl-
dence would show that II controlled laIgeI pro-
portion OF the product than the Law permitted and
# would be compelled to sell off enough Of its
Total product It could then comply with the law.
obtain license and proceed TO carry on its puSl-
nete and destroy" business 10 compel such a cor
poratfon TO dispose of enough OF its plants TO re
To1fd st sf need the article which it produced
the plants whSh IT was i9 sew with ii
This competition would reduce prices, and the re-
eTttcIe and this Increased demand would stimulate
the building OF more factories and give a larger
lion In that industry. instead of 'extrpatng and
destroying the industry. would revive and enlarge
ers In the form o1Id o &c to In. producer Of raw ma
TsTia in the form o, better price part would
20 to the wage earners in the form Of better wages
,,ates who would no longer be able to collect dvi-
dends on watered stock by controlling the market
W heP TaFt must either be in darkness as
remedy and its effect or ne must argue ,,,d thaa the
nate and destroy business.
have quoted and re-quoted Mr. Iafts largGage
who listen to me the absurdity Of the objection
nnefng mh5eh ne onepoiies He fails to distinguish
tween the honest business that makes a country
prosperols and the brigandage practised by private
Irnon6poiies. The people have been robbed by the
trusts 10 the extent of hundreds of millions yea:
going on and not yet aroused TO the iniquity OF
through his election?
DEFENDER OF COMPETITION.
The Democratic party is the defender OF competi-
competition MI TAT mas IN tne taS f