Weekly Arizona journal-miner. [volume] (Prescott, Ariz.) 1903-1908, 1908-09-09

i
| The Democratic platform makes no
exceptions to cover such eases; and we
have learned that it i equally "bind.
| ing as 10 what il Omits.'
| II we could imagine such "A crude
prohibition TO bc enacted into law and
10 be regarded as valid. what would be
the eirect9 Mr.. Bryan, with his usual
| readiness. suggests that the concern
may sell as much of IT. plants as are
not needed to produce the amount al
lowed by law. He speaks as though
every manufacturing concern had ms
many fully equipped units OF produe-
tion rs would correspond 10 any given
| percentage of trade which - might be
required TO lop of. Plants are not so
easily dismcmbcrcd Reduction in out
put means reduction in work, reduction
| in the number Of men employed, and
| curtailmcnt of the efficiency of going
| concern. Let us suppose concern
which controls 80 per cent of given
| product that is 10 say, makes and
| sells SS.O00,00O in value out of total
trade in the product amounting to 80,
| 100000. Is il 10 he compelled TO reduce
| its output TO s2.OOO,000 because only
| 81. 10000 in value are made by othersf
| Then. If il could sell part OF it's plant
on Mr.. Bryan's theory. what should 1t
SELF should it sell Off enough to re-
duce it's capacity TO S5,000,00O and al
| low three ffths of It's plant TO remain
| idle until Others developed n capacity
for handling the other $5,000,00O.
| Should IL assume that the total trade
will increase and is not always TO re-
| main Mt $lO,0OO.000 and hence retain
n larger portion of its plant in idle
nessG Or suppose concern controls
| 100 per cent Of the trade in some ar.
ticlc, what plants shall it retain! 1t
can produce nothing until others pro.
ducc; but il may produce an amount
equal To the production of others, and
it hopes the trade will grow. What n
vision Of business uncertainty and con
fusion; of idle and impaired plants; of
| the ruin Of workingmcn whose lives
have clustered around particular indus
tries and who depend upon their con.
tinucd efficiency, is presented by this
fanciful remedy for the destruction of
trusts.
| Apart from this. if the dissolution
were effected in the manner desired
and portions of plants could be sold
and were sold as suggested, TO whom
would the sale be madel Would il be
necessary to foes or TO those ambitious
10 he competitors and anxious to take
advantage of its plight
This proposal in its utter disregard
Of the facts Of business, in its substi-
tuition of the phantasics of the imagn.
| alton for the realities of life. stamps
the Democratic platform with the fatal
stamp of 1896. The commerce and
industry Of this country; the interests
of its wage.earners and of it's interde.
pendent masses, who must rely upon
the stability of business, cannot afford
to give license IN such vagaries.
In the solmnity with which tails pro.
posal base been declared. and the in.
sistence with which it is advocated we
find an appropriate test of the capa.
city &c our opponents to deal wisely
with the problems Of IA day.
| u il the function at law 10 define
and punish wroIgdoing, and rot to
throttle business. In the fields of in.
dustrial activity the need IL tnat trade
should be fair; that unjust discrimina.
tions and Illegal allowances giving pre-.
fercntial access to markets should he
1 AhtI ''fi'lNt
and improper practices to stiae com.
petition should he dealt with regard
less OF individuals; but that honest in.
dustry, obtaining success upon its mer.
IT'S, denying no just opportunity to its
competitors, should not be put under
prohibitions which mingle the innocent
and the guilty in a common condemna
| ton.
The Republican party in making in.
| telligent progress TO these ends will be
under competent leadersni The years
ago in the discharge of his duties as
n Judge, without thought of political
preferment. Mr.. Taft in "A luminous
and comprehensive opinion laid down
the principles governing the anti trust
act applied to improper combinations
affecting interstate trade in Industrial
products. This was the famous Addy.
ston Pipe and Steel COMPANY ease. in
which the decision of the court below
was reversed on Circuit Judge Taft,s
opinion, and his decision afterward sus.
tanned by the supreme court of tao
'h'ted states forms landmark in
our Jurisprudence in the firm applica.
,ion or the law against improper in.
dustflal combinations. He has expres. |
seq himself clearly and emphatically
and his sincere desire to lead the neo. |
PIE IN intelligent warfare against every
FORM OF abuse in interstate trade which |
admits Of legislative or ADMINISTRATIVE
correction, may be trusted.
me ''ne of progress lies not in arbit. |
ra,y action but in securing suitable
publicity and supervision. and bv ne.
curate definition of wronks and tho in.
melton OF proper punishment. The
processes or justice may be slower and
more laborious; but if we desert the
n ,"eI OF so6erness and fair play to get
9uick results through arbitrary inter.
ierences with trade, we shall find that
'"eh snort cuts leads only TO diseaster.
m Guarantee Of Bank Depos,ts
IN. me pan proposed by the Demo.
craI'e platform to provide for n uuar.
ahtee OF bank deposits is also omen 70
serious objection. Mr.. Taft nromn,iv
pointed out its weakness. and NJ,
bryan despite his skill, has been nm.