Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1908-07-29

ti1dI; SUCH large aSSregdIlOnS OF Scalrl
ital and combination should be con-
trolled so that the public may have
the advantage Of reasonable prices
and that the avenues Of enterprise
may be kept open to the individual and
the smaller corporation wishing to en-
gage in business.
Many enterprises have been organ
lied n the theory that mere aggrega.
ton Of all, or nearly all, existing plants
in line Of manufacture, without re-
gard to economy Of production, de-
stfoys competition. They have, most
Of them, gone into bankruptcy. Com.
petition in profitable business viii
not be affected by the mere aggrega-
ton Of many existing plants under one
company, unless the company thereby
effects great economy, the benefit OF
which 1t shares with the public, or
takes some illegal method to avoid
competition and to perpetuate a hold
on the business.
Proper Treatment Of Trusts.
Unlawful trusts should be restrained
with all the efficiency Of injunctive
process, and the persons engaged in
maintaining them should be punished
with all the severity Of criminal pros
ecution, in order that the methods pur-
sued in the operation Of their business
shall be brought within the law. TO
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 and workingwomen. Such q
result is wholly unnecessary to the ac-
complishment Of the needed reform,
and will infict upon the innocent far
greater punishment than upon the
guilty.
Destructive Policy of Democratic Plat
form.
The Democratic platform does not
propose to destroy the plants Of the
trusts physically, but it proposes to
do the same thing in a different way.
! The business of this country is large
~ dependent on protective system Of
tariffs. The business done by many
Of the so called trusts is protected
with the other business Of the country.
The Democratic platform proposes to
take off 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. If such
course would be utterly destructive
Of their business, as is intended. II
! would not only destroy the trusts, but
all of their smaller competitors. The
ruthless and impracticable character
| Of the proposition grows palmer as its
i effects upon the whole community are
| realized.
+ To take the course suggested by the
] Democratic platform in these matters
/ is to involve the entire community, in
nocent as it is, in the punishment 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 especial Importance In
/ view Of the present condition Of bust.
ness. After ten years of the most re-
markable material development and
prosperity, there came g financial stin
4 gency, panic and an industrial de
preston This was brought about moi
only by the enormous expansion OF
business plants and business invest
j ments which could not be readily con.
i verted, but also by the waste Of CAPT
tai, in extravaganza Of living, in wars
and other rtasrophies.
1 Republican Doctrine Of Protection.
/ The Republican doctrine Of protec
1 ton, as definitely announced by the
I Republican convention Of this year
3 and by previous conventions, is that 9
tariff shall be imposed on all imported
products, whether Of the factory, farm
or mine, sufi GENTLY great to equal the
] difference between the cost Of produc
ton abroad and at home, and that thif
difference should, Of course, include
the difference between the higher
wages paid in this country and the
wages paid abroad and embrace a rea
sonable profit to the American pro
Queer A system of protection thui
5 adopted and put in force has led t.
the establishment Of rate Of wages
here that has greatly enhanced thu
standard Of living Of the laboring man
. It is the policy Of the Republican party
permanently to continue that STANDARD
:. of living. In 1897 the Dingley Tariff
Bill was passed, under which we have
had. as already said, a period of enor
nous prosperity.
Necessity For Revision Of Tariff.
The consequent material develop
ment has greatly changed the condi
lions under which many articles de
scribed by the schedules OF the TART
are now produced. The tariff in {
number. Of the schedules exceeds ths
difference between the cost Of produc
|. ton Of such articles abroad and a
home, including reasonable profit u
the American producer. The excess
over that difference serves no usefu
purpose, but offers a temptation +
those who would monopolize the pro
duction and the sale Of such articles
in this country, to profit by the excess
i've rate. On the other hand, there an
other schedules In which the tariff 4