Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1908-08-06


real evil in trusts A corporation con-
trolling IS or 80 per cent. of the products
may by well known methods frequently
effect monopoly and stamp out compe-
tition in any part of the country as com
thereof.
Proper Treatment of Trusts.
Unlawful trusts should be re-
strained with all the efficiency of in
junctive process and the persons en-
gagged In maintaining them should be
punished with all the severity of GRIM
mai prosecution, in order that methods
ness 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 or employment myriads of work.
lngmen. Such a result is wholly un-
necessary to the accomplishment of the
needed reform, and will infiict upon the
innocent far greater punishment than
upon the guilty
THE Democratic platform does rot
physically, but it proposes to do the
same thing in different way. The
business of this country is largely de-
pendent upon a protective system Of
tariffs. The business done by many OF
the so-called trusts is protected with
the other businesses of the country.
me Democratlc platform proposes to
take off the tariff in all articles COM
ing into competition with those pro-
duced by the o-called trusts and to
put them on the free list. If such a
course would be utterly destructive Of
their business as it is indeed, it would
not only destroy the trusts, but all Of
their smaller competitors.
Effect of Democratic Policies.
ITO take the course suggested by
the Democratic platform in these mat
nifty, innocent as it is, in the punish
ment or the guilty, while our policy
is to stamp out the specific evil.
This difference between the. policies
or the two great parties is of special
Importance. in view Of the present con.
dition of business. After the years Of
the most remarkable material develop
ment and prosperity, there comes finan-
depression. This was brought about
not only by the enormous expansion
ments which could not be readily con-
verted but also by the waste of cap
ital in extravagance of living, in wars,
and other eatastrophes. The free
addition to this, the confidence of the
lending public in Europe and in this
country had been affected by the rev.
Citations of irregularity. breach Of
| trust, over issue of stock, valuations of
law and lack of rigid state or ma
tional supervision in management OF
| withheld what loanable capital re-
| manned available, it became impossible
| for the soundest railroads and other
| enterprises to borrow money enough
| for new construction and reconstruo-
ton.
Restoration of Prosperity.
Gradually business is acquiring q
| healthier tone. Gradually wealth,
| which was boarded, Is coming out to
| be used. Confidence in security of bust
ness investments is plant of slow
growth and is absolutely necessary in
order that our factories may all open
| again, in order that our unemployed
| may become employed, and in order
| that we may again have the prosperity
| that has blessed us for ten years. The
| identity of the interest of the capital
| of the farmer, the business man and
the wage Garner in the security and
profit of investments cannot be too
largely emphasized. 1 submit to
those most interested, to wage earners,
| er the introduction into power of the
Democratic party, with Mr.. Bryan at
| its head. and with the business con-
struction that it openly ADVOCATES as
a remedy for present evils, will bring
about the needed confidence for the
| restoration of prosperity.
THE Republican doctrine of protec-
| ton, as definitely announced by the
| Republican convention this year, and
| by previous conventions, is that a tariff
shall be imposed on all imported prod
ucts, whether of the factory, farm or
| mine, sufficiently great to equal the
difference between the cost of produc-
ton abroad and at home, and that this
difference should, of course, include tho
| difference between the higher wages
| paid in this country, ard the wages
| paid abroad, and embrace, reasonable
profit to the American production.
Advantage of Unions.
ITO give to employees their proper po-
| sition in such a controversy to enable
employers having great capital, they may
we'll unite, because in union there is
strength and without 1t each individual
The promotion of Industrial peace
| through the instrumentality of the trade
| agreement Is often one of the results Of
| such union when intelligently conducted.
There is large body, of laborers,
| however, skilled and unskilled, who are
not organized into unions. Their rights
| before the law are exactly the same as
| those of the union men, and are to be
protected with the same care and watch
| fulnesS.
I'm order to induce their employer into
a compliance with their request for
changed terms Of employment workmen
| have the right to strike in body. They
| have a right to use such persuasion as
they may, provided 1t does not reach
tant co-laborers to join them In their
union against their employer and they
have a right, If they choose, to accumu-
late funds to support those engaged In
strike, to delegate to officers the pow
er to direct the action of the union, and
to withdraw themselves and their as
sociates from dealings with, or giving
custom to, those with whom they are
in controversy.
What Labor Cannot DO.
what they have not the right to do
Is to injure their employers property, to
iniuJA their employers business by use
of threats or methods of physical duress
against those who would work for him
or deal with him or by carrying on what
is sometimes known as a secondary boy
colt against his customers or those with
whom he deals in business. All those
who sympathize with them, may unite
to aid them in their struggle, but they
may not, through the instrumentality of
a threatened or actual boycott, compel
third persons against their will and hav-
ing no interest in their controversy to
come to their assistance. These princt-
pIes have for a great many years been
settled by the courts of this country.
''Threatened unlawful injuries to bust
ness. like these described above, can only
be adequately remedied by an Injunction
to prevent them. The Jurisdiction of
court of equity to enjoin in such cases
arises from the character of the injury
and the method of infiicting 1t and the
fact that suit for damages offers no ade-
quate remedy.
act which might be adequately compen-
ga fed for in damages by a suit at law,
but IL Is the result of a constantly re-
curing series of acts, each of which In
itself might not constitute substantial
injury or make a suit at law worth
while and all of which would require
multiplicity of suits at law
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