The Detroit times., 1908-08-26


i ere -L2--L- -i-i----+---------- NJ r-TTT
tSaf ~ regards the trusts 81 necrs-
sary o. the nations prosperity. tor ~
--rrr-r--r-rr
part in ia" maintcnnnC" ct prosperity.
ana hc charges that I would 'cNtirpulc
ana destroying the principle Of pri-
waite monopoly. surely, his study Of
the trust question has been very su-
periicial. N he sees danger in the re
st0rati0n OF "a reign of competition.
Let ms take IAN iNustra ton. sup
pose the Democrats succeed iu the en-,
actment 81 lay in harmony WIN the,
Democratic PLATFORM law requiring
every corporation 20 tdkd out al fed
fral license before 10 b. permitted To-
control - per cent OF the husin iU
which ~ as engaged Would TINS ''N-
tiTpate and destroy the business ut tue
country As already stated. but VerA
small nor cent Of tne corpora tons
would be- Affected hy the law. ana thos.
affected would be- the ones that haN,
been giving th" ofnc"rs uf tho law 80
tr-ttri- tTutIi1tr during ttrr- t7f~t.-i war
A. thr licensed corporation Increased
its business from - 60 % per cent. 30
would hc under the Wntchfui eye Of the
government. would hc COmp.iled 10
Rakc such reports az the government
required would be- prohibited from Wa
terlug its stock And- A-n4lIa- lllIl-L
10 sell 60 all customers upon the same
terms due allowance being made fur
cost 81 transported Would 70 'eN-
business
these licensed corporations Go do bust
ness on an honest basis and To be rca-
souable Ia their business methods
Would not the benefit accrr'ag 20 th"
go small corporations thus protcct'p
fIOU constituencies methods be enough
60 offset amy evil effects that might fol
low f"nm such restraint OF a few hls
cOVpDTatiOusp IL business Deepen
rf,-ffts-ffpur- rfiStrurt-stY-7rtr rftttft--
that 10 would he 'eNtirpated and dee
stroycd n MORALS were introduced INTO
- Whom the licensed con pola ION ~,
reached point whore it cuntrpll"d
OEc-half OF the business in which o.
vHs eng god. II would, according 70
the democratic plan hav" TO stop cN-
panding Would IL 'eNtirpate and 10
stroy' business 10 nut this limitation
upon the greed Of a few corporations
%urcly our plan could not iniuriouslN
affect corporations that might hcrcas
ter seek to establish q monopoN
"But possibly Mr. TAFT thinks tha a
would 'eNtirpatc and destroy business
= apply tho. plan Ia existing monopo-
Hes Lot uS see: suppose we have q
- -
~ ne ONItpUt OF me uTrTC1T m wfT1Cf1 n
deals. and through this control. resu
lnting the price and the terms or sale,
How would the Democratic plan af-
feet 1t? A date would be fixed at
which the law would take effect ana
on or before that date the corporation
would be required to apply for "A H.
ctnse The evidence would show tina.
IL controlled a larger proportion or thS
product than the law permitted, ana II
would be compelled 10 sell off enough
OF its plants to reduce its output 20
so per cent OF the total product 70
could then comply with the law. OBJ
tain it's License. and proceed To carry
on it's business In accordance with the
law. Would IL 'eNtirpate and destroy.
business TO compel such a corporation
to dispose OF enough OF its plants 20
reduce its production 70 30 per ceDtP
The people would still need the article
which II produced. and the pants
which Il was compelled TO sell would
become Independent plants competing,
with H. This competition would re-
duce prices. and the reduced prices
would increase the demand FOR the at
ticle. and this Increased demand would
stimulate the building OF more fac
tories and give "A larger employment to
labor. The restoration OF competition
IN that Industry, instead or 'eNtirpating
snd destroying the industry would re-
vive and enlarge il. A part OF the
bcneflt would go To the consumers IN
the form Of a cheaper product ana
h.
of better price. and part would 40
to the wage earners in the form of bet
ter wages The only person 10 lose
would Re the trust magnates who
would no longer he able To collect divl-
dends on watered stock by controlling
the market.
i have auoted and requoted Mr
Tafts language because ! want TO i'm
lItNN Abbl VIZ iltldS VI Aub9t " ~
listen 10. me TIE abEurditY OF the OBJ
lection which lac raises to the DENIM
rruttC- UtaU or discriminating monOrO-
lies. lie fails TO distinguish between
thc honest business that makes
practiced bS private monopolles. The
people have been robbed by the trusts
To- the extent Of hundreds OF millions u
year and If Mr.. Tart is not yet con
scious Of what liz going on, and not Net
aroused to the iniquity OF these trusts,
bow can the country hope for relief
through his election