Daily capital journal. (Salem, Oregon) 1903-1919, 1908-07-28

| AFTER ten years Ol LHe iiUSt IT,
markable material development AM
/ prosperity there came financial
strIngency, panic and industrial de-
preston. This was brought about
not only by the enormous expan ion
Of business plants and business in
vestments. but also by the waste Of
capital. extravaganza in living, wars
aud other cata tropics. Free con
vertable capital was exhausted. The
confidence Of the lending public in
Europe and this country was az
fecied by revelations OF irregularity,
the breaches OF trust, over issues
of stock. violations of the law and
the lack OF rigid state or national
supervision In the management OF
our largest corporations. Gradually
all this is acquiring a healthier
tone. Gradually all the wealth that
has been horded has been coming
ont 10 be used. | submit to those
most lntere-ted, the wage earners.
the farmer and business men, .wheth-
er the introduction TO power Of the
Democratic power with Bryan at its
head and with the business destruc-
ton that II openly advocates as a
remedy for the present evils viii
bring about the needed confidence
for the re7toration OF prosperity.
"The Republican doctrine of pro-
teotion is that the tariff shall be i'm
posed on all imDorted products. suf-
ficlently to create en- equal differ
ence between the cost and produc-
tlon abroad and at home and that
this difference should include dir
ference between higher wages paid
I'm this country and the wages paid
abroad and embrace reasonable
profit TO the American producer
"The material development has
greatly changed the conditions under
which many articles described by
the schedules of the Dlngley tariff
are now produced Revision OF the
tariff begun promptly upon the In
coming of the new administration
and considered at special session
with the preliminary Investigations
already begun by appropriate COM
mltteel OF the house and senate, will
make the disturbance OF business In
cldent TO such change as little rs
possible
would be helple11.. The promotion OF
industrial peace through the nstru-
mentality of trade agreement Is
often one OF the results OF such 7
union when Il Is in,elligently con
Quoted 7.
There Is rye bodies Of lnb',oif,
however, sk ned and unskilled, WI 3
DO not organize into unions. TNc'r
rights befo-e the Jaw are eXact'y
the -ame az those Of union men an
are 10 be protected with the same
care and watchfulness. In order 10
induce the employer into compliance
with requeN fsr changed terms o;
employment. workmen have a righr
TO strike In q body They have 'ho
right to use such persuasion az thew
may. proyidmg Il doe not reach thc
point of duress. TO lead reluctant co-
l.t...u. A.. l.f.. th.tt, fn tho union
against the employer and have the
right. n they choose. to accumulate
funds to support those engaged In
n a Ike. and withdraw themselves
ana their assoc atos from deallns
with. or giving custom 10 those with
whom they are IN controversy What
they have not the right to DO Is
20 ininre the employers property.
90 lniure the employers business by
the use of ~ eats or method o.
physical duress arainy those, who
would work far BIN or doa' with
him. or by earying oa what some
tlmes known es secondary boycott
against customer or those WITH
whom he deals. ln business. An
those who symnaih.ge with them
may unite 20 aid 'hem ln their strug.
rle, hut they mey NOT through enc
insirumentalitv of three ened or pcs
tual boycott. compel third persons
against their will, and having no IN .
terest IN the eontroyer y. 20 come 10
their assistance, Threatened un-
lawful ipiurles 20 business like those
described above can only be ade-
Quately remedled by injunction TO
prevent them. Il hag been claimed
that inlupctlons do not issue TO pro-
tect ary'hlng but property right
aud thai business Is not property
right b.. such a proposition is who'll
~ Inconsistent with an the decisions
, of the court Il q the fundamental
rule of Jurisprudence that no man