The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-09-03
.UBLICAN RULE
TRUST PROSPERITY
Continued From Page Two)

r conlfol regulating lne price ana
: terms of sale How would the
nmocratic plan affect It? A date
Guild be fixed at which the law
tould take effect and on or before
hat date the corporation would be
required to apply for license, The
evidence would show that 1t CON
trolled larger proportion of the
product than tho law permitted and
II would be compelled TO sell OF
enough of It's plant 10 reduce It's out
put TO 80 per cent of the total pro-
duct. II could then comply with tho
law. obtain It's license and proceed
10 carry on It's business in accord
ante with the law. Would II "eXtlr-
pate and destroy" business to compel
such corporation 90 dispose of
enough OF It's plants TO reduce its
production to 30 per cent? The
people would stlll need the article
which IL produced, and the plants to
which II was compelled TO sell would
become independent plants compct-
ing with A.. This competition would
reduce prices, and the reduced prices
would increase the demand for the
article and this increased demand
would stimulate the building Of more
factories and give larger employ
ment to labor The restoration Of
competition in that industry, instead
OF "cxtirpating and destroying the
industry would revive and enlarge
It, A part of the benefit would 90
to the consumers in the form OF a
cheaper product and a better pro-
duct part would so to the producer
Of raw material in the form OF a
better price, and part would go to
the wage earners in the form of bet
ter wages The only persons to lose
would be the trust magnates, who
would no longer be able TO collect
dividends on watered stock by con-
trolling the market. when the sub
Jet is analysed It will he seen that
Mr. Taft must either be in darkness
as TO the remedy and its effect, or
he must argue that the introduction
OF morals into business would Eek
tirpate and destroy business.
have quoted and re-quoted Mr..
Taft's language because ] want to i'm
press upon the minds of those who
listen to me the absurdity of the OBJ
lection which he raises to the Demo-
cratic plan OF exterminating mono
poles, He fails to distinguish be-
tween the honest business that
makes the country prosperous, and
the hrigandage practiced by private
monopolies The people have been
robbed by the trusts to the extent OF
hundreds OF millions a year, and If
Mr. Taft Is not yet conscious OF what
is going on, and not yet aroused to
the iniquity Of these trusts, how can
tho country hope for relief through
his election?
The Democratic party is the de-
fender of competition and the only
great party which is seeking to re-
,,ore competition. Mr.. Taft has, in
the discussion of this question, en-
ploBed harsh words instead of argu-
ment. The word "socialistic" is
hurled at the Democratic party and
the Democratic platform. Now, as a
matter OF fact, It is Mr.. Taft's party
and not the Democratic party which
has given encouragement to social
ism While processing to abhor So
cialism, the Republican party has
gone half way toward socialism in
endorsing its fundamental principle.
The socialist bases his contention on
the theory that competition is bad,
and that an economic advance Is to
be found In monopoly. The Social
Ist. however, wants the public TO
have the benefit of the monopoly
and therefore, tavors government
ownership and operation Of all the
means OF production and dstrbu-
ton.
The Republican party has gone al
most as far as the Socialist party in
the economic defense OF the monopo-
ly, but It permits the benefits Of mo-
nopoly to be enjoyed by compare
lively few men, who have secured a
dominant influence in the govern
ment. I beg to call Mr.. Taft's at
tentlon to the fact mat the Repub-
lican party has stimulated the
growth of Socialism In two ways:
First, by The endorsement that It
has given to the theory that trusts
arc natural and necessary out
growth OF our economic conditions;
and. second. by permitting the de-
velopment OF abuses which have been
charged against individualism, II
he will examine the vote published
a. tha uyor1d Almanac ba mill fird