Devils Lake inter-ocean and Devils Lake free press. (Devils Lake, Ramsey County, N.D.) 1905-1909, 1908-07-31

4 e.
that such large aggregations or cap.
, 1tal 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. $#
I Many enterprises have been organ
lied on the theory that mere aggrega.
! ton Of oil, or nearly, all, existing plants
In line Of Manufacture, without re-
! gard to economy Of production, de
stroys competition. They have, mos,
Of them, gone into bankruptcy. Com.
petition In a profitable business will
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 pablo, 81
; takes some illegal method to, avoid
, competition and to perpetuate a hold
; on the business. - as
Proper Treatment Of TRUSTS
Unlawful trusts should be restrained
F., with all the efficiency OF intunctive
; process, and the persons engaged in
i 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 a
result Is wholly unnecessary to the &C.
, eomplishment of the needed reform.
and will inf1ict 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 1t proposes to
do the same thing in different way.
The business Of this country Is large
ly 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
q course would be utterly destructive
OF their business as is intended. 1t
would not only destroy the trusts, but
all Of their smaller competitors. The
ruthless and impracticable character
Of the proposition grows palmer as its
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 a financial strin
'gency, a panic and an Industrial de.
preston 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 CAPT.
tai, in extravaganza of living, in wars
and other catastrophies.
Republican Doctrine of Protection.
The Republican doctrine of protec-
don, as definitely announced by the
Republican convention of this year
and by previous conventions, Is that d
tariff shall be imposed on all imported
products, whether of the factory, farm
y Or mine, sufficiently great to equal the
4 dtnerence between the cost Of produc-
tion abroad and at home, and that this
Inference 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-
ducer. A system Of protection thus
adopted and put In force has led to
!. the establishment of a rate of wages
: here that has greatly enhanced the
standard Of living of the laboring man.
4 b. It's 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
/ bad. as already said, period Of enor.
NOUS prosperity.
Necessity For Revision Of Tariff. ~
The consequent material develop
ment has greatly changed the condi.
tons under which many articles de-
ccribed by the schedules Of the tariff
are now produced. The tariff in a
number Of the schedules exceeds the
difference between the cost Of produce
ton of such articles abroad and at
home, including reasonable profit to
the American producer. The excess
over that difference serves no useful
purpose, but offers a temptation to
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 q ,,a