Gilpin observer., 1908-07-30
trust law under existing rulings of tho

trust law under existing rulings of the
| supreme court has given rise to sugges-
| ton for It's necessary amendment to
| prevent Its applications to cases which
| IL is believed were never in the contern-
plation of the trainers of the statute.
| Take two instances: merchant or man
| uIacturer engaged in n legitimate busi
ness that covers certain states. wishes
| to sell his business and his good will
and so in the terms of the sale obligates
hlmself to the purchaser not to go into
| a restraint of trade has always been en-
! forced at common law. Again the en-
ployes OF an Interstate railway combine
and enter upon peaceable and lawful
strike to secure better wages At com
| mon law this was not restraint of trade
or commerce or violation of the rights
| of the company or of the public. Neither
case ought to be made a violation of the
antitrust law. My own impression is
that that, the supreme court would hold that
| neither OF these instances are WITHIN
Its inhibition, but if 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
| bidding corporations to hold more than
90 per cent. of the plant in any line of
the possibility of enforcement or the
real evil in trusts a corporation con-
trolling % or 80 per cent. of the products
| may by well known methods frequently
effect monopoly and stamp out compe-
| htion In any part of the country as com
pletely as if it controlled 60 or 70 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
inal prosecution. in order that methods
ness shall be brought within the law.
To destroy them and to eliminate the
wealth they represent from the pro-
ducinS capital of the country would
entail enormous loss, and would throw
out of employment myriads of work.
| ingmen. Such result is wholly un-
needed reform. and will infiict upon the
innocent far greater punishment than
The Democratic platform does not
propose to destroy the plan of the trust
physicahliy, Phys ,hiy but 1t proposes to do the
| business of this country is largely de-
pendent upon a 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
| ing into competition with those pro-
duced by the so-called trusts and to
course would be utterly destructive of
| their business as it is. indeed, 1T would
not only destroy the trusts. but all of
their smaller competitors.
ITO take the course suggested by
the Democratic platform in these mat
ters is to invoke the entire commu-
nifty innocent as it is. in the punish
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 hnan-
! al
depression. This was brought about
| not only by the enormous expansion
| OF business plants and business invest
| ments which could not be readily con-
verted. but also by the waste of cap
aai in o,ssr Of living in wars
convertible capital was exhausted. In
addition to this the confidence of the
country had been affected by the rev
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
mained available. ii 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
healthier tone. Gradually wealth.
which was boarded is coming out to
be used. conidence in security of busi,
! ness investments is plant of slow
| growth and is absolutely necessary in
/ order that our factories may all open
again. in order that our unemployed
may become employed. and in order
that that we we may ni again have the prosperity
| 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
| those most Interested. to wage earners
n "a md n M 81 N nor hofh
er the introduction into power of the
Democratic party, with Mr.; Bryan at
struction that II openly advocates rs
remedy for present evils. will bring
about the needed confidence for the
/ restoration of prosperity.
| The Republican doctrine of protec-
/ ton. as definitely announced by the
Republican convention this year. and
| sEall be imposed on all imported prod
| ucts. whether of the factory. farm or
| difference between the cost of produc-
| ton abroad and at home, and that this
difference should, OF course. include the
difference between the higher wages
| paid in this country, and the wages
paid abroad and embrace a REASONABLE,
profit to the American production.
Advantage Of Unions.
ITO give to employees their proper po-
them to maintain themselves against
employers having great capital. they may
well unite. because in union there is
| strength and without IL each individual
laborcr and employe would be helpless
| The promotion of industrial peace
| through the instrumentality OF the trad,
| agreement is often ore of the results OF
such union when intelligently conducted.
There is large body OF laborers.
however. skilled and unskilled. who are
not 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'm order to induce their employer into
| 4 compliance with their request for
changed terms of employment workmer
,, l..A, To atr In, h1.l,.