Weekly Arizona journal-miner., 1908-08-05

| IustIfics conviction under the anti trust laws, but the proposal Co super wise the business of corporations if such n way as to fix the price of com modities and compel the sale at sucl price Is as absurd and socialistic plank as was ever inserted in A democratic | platform.
 Differences Between Republican and Democratic Policies and Platforms; Progressive and Relative; Latter Radical and Destructive.
 The principal difference between the republican and democratic platform. is the difference which has heretofore been seen between policies of Mir. Roo sevelt and those which have been ad vocated by the democratic candidate MT. Bryan.
 Mir. Roosevelt E policies have been progressive and regulative; Mir. Bry ans destructive. Mir. Roosevelt has favored regulation of the business in which evils have grown up SO as to stamp out the evils and permit the business to continue. The tendency of Mir. Bryan's propostals has gen. orally been destructive of business with respect to which he is demanding re- form. Mir. Roosevelt would compel the trusts to conduct their business m lawful manner, and secure the benefits of their operation and the maintenance of the prosperity of the country, of which they are an import ant part, which Mir. Bryan would ex. tirpate would destroy their entire busi- ness in order to stamp out the evils which they have practiced.
 Advantages of Combinations of Capital
 The combination of capital in large plants to manufacture goods with the greatest economy is just as necessary as the assembling of the parts of the machine to the economical and more rapid manufacture of what in old times was made by hand. The government should not interfere with one more than with the other, when suen aggre- gations of capital arc legitimate and are properly controlled for they are then natural results of modern enter. prise and are beneficial to the public.
 In the proper operation of competi- ton the public will soon share with the mical operation and lower prices.
 What Is An Unlawful Trust?
 When, however, such combinations are not based on any economic prin. ciples, but are made merely for the purpose of controlling the market to maintain and to raise prices. restrict output and drive out competition, the public derives no benefit and we have a monopoly. There must be some use by the company of the comprehense lively great size of its capital and plant, and extent of the output either to coercc persons to buy of it rather than of some other competitor or to coerce those who could compete with it to give up their business. This must us ually, in other words, be shown in ele ment of duress in the conduct of it. business toward the customers in the trade and its competitors before mere | aggregation of capital or plant becomes an unlawful monopoly. It is perfectly | conceivable that in the interest of econ | omy of production great number of | plants may he legitimatcly assembled under the ownership of one corpora tion. IL is important therefore thai such large aggregations of capital and combination should be controlled SC that the public may have the advant age of reasonable prices and that tho avenues of enterprise may be kept oper to the individual and the smaller cor | poration wishing to engage in business
 Mere Aggregation of Capital Not
 Violation of Antitrust Law.
 In a country like this, where in gooC times there is an enormous hoatin. capital awaiting investment, the pcriot before which effective competition h, construction of new plants can be in troduced into any business is compre hensively short, rarely exceeding year. and is usually less even than that Existence of Actual Plant is Not tn,
 Reform Necessary to Competition.
 Many enterprises have been organ ized on the theory that mere aggrega tion of all or nearly all existing plant in line of manufacture without regar' to economy of production destroys com petition. They have most of them gon
 into bankruptcy. Competition in profitable business will not be affecte
 by the mere aggregation of many ex isting plants under one company, unles the company thereby effects grea economy, the benefit of which it share with the public or takes some illega
 method to avoid competition and | pcrpetuate hold on the business.
 Proper Treatment of Trusts.
 In law, trusts should be restraine with all the efficiency of niunctiy
 process and the persons engaged |
 maintaining them should be punishe with all the severity of criminal prose cution in order that the methods pul sued in the operation of their bushes
 snail be brought within the law. T
 destroy them and to eliminate th
 wealth they represent from the produC ing capital of the country would entai
 enormous loss and would throw ont O employment myriads of working me , and women. Such result is who'll nnneenssarY in the aecOmplis shment Q