Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1908-09-25
Convincing Exposition Of Fallaey Of
1ryan's Panaesa for Solving
Problems Of Nodsrn
Business.
(From Gov Hughes Youngstown

selves journeying in land Of dreams.
Again the magician Of 1895 waves his
wand At a stroke difficulties disap-
pear and the complex problems Of mod
ern business are forgotten In the fas-
cination Of the simple panacea. And,
as the free coinage Of silver In the
ratio Of 16 to was to destroy the
curse Of gold, 10 the new found specific
Of equal perfection is to remove the
curse of industrial oppression. The de-
lusion of 1908 is comparable only to
that Of twelve years ago.
The first suggestion is that the law
should prevent a duplication of d.
rectors among competing corporations.
However advisable it may be to have
independent directorates of competing
corporations, 1t would seem still more
important to have independent stock
holders, for a majority of the stock
holders Of q corporation choose the d.
rectors. II law were passed pre-
venting the duplication of directors 1t
would easily be evaded in the selection
of men who would represent the same
interests. The most ordinary exper-
fence shows that 1t is not necessary TO
serve on a board of directors in order
to control its proceedings. Whatever
| the advantage of such law as Is pro-
| posed, IL hardly rises 10 the dignity vi
remedy" or vindicates its title to q
place in an imposing scheme of reform
outlined in national platform.
But the more important proposal Is
that any manufacturing or trading
corporation engaged in interstate COM
merce shall be required to take out a
| federal license before II shall be per-
mitted to control as much as 25 per
| cent Of the product in which Ii deals"
A license is permission, and the object
Of the remedy is not to regulate large
| businesses, but to destroy trusts. Hence
the supposed efficiency of the plan Is to
be found in the prohibition of the coll
troll by any such corporation "of more
| than 80 per cent of the total amount OF
| any product consumed In the United
States" This is another delusion of
ratio.
1t might be interesting to inquire
what is the meaning of "any product
consumed In the United States" Does
1t refer to class Of commodities? +?
And, If so, how shall the classes be de-
fined? Or does 1t refer to each sepa-
rate article of commerce? And, II so,
what account does this proposal take
turers who have built up more or
less exclusive trade in particular ar-
ticles, often protected by trademarks,
although in most active competition
with other articles designed for the
same general purpose and seeking the
same market? In a desire to correct
the evils Of business are we to place
an embargo upon honest endeavor
whose activities present none Of the
abuses requiring remedies? And II
not, what statutory definitions shall be
found to be adequate and just If we
lay down our prohibition in terms of
volume or ratio Of business and not in
terms OF right and wrong? If we
adopt Mr.. Bryan's proposal, to what pc
riod Of production is the prohibition
to apply? Is the excess for day or
for month to be considered? Or is
the average production for a year to be
taken? And what system shall be de-
vised by which suitable information
may be furnished In the nature of dan
ger signals along the routes of trade
80 that the manufacturer may know
when he Is about to exceed the pre-
scribed ratio? He may justly be re-
quired to govern his own conduct, but
how shall he be apprised of the con-
duct Of others upon which is to depend
his guilt or innocence?
The patent laws confer true
monopoly In the exclusive right to man.
ufacture and sell. Are these laws TO
be repealed because private mon
opoly Is indefensible and intolera Bile ."
Bryan's Crude Reasoning.
An example Of Mr.. Bryans reason
ing Is found in his statement that
'when corporation controls 80 Der
cent Of the total product it supplies
forty millions Of people with that prod
uct." There are, Of course, speciaties
which have limited market and are
used by a relatively small number of
the people of the United States. More
than 80 per cent, and indeed even as
much as 100 per cent OF the trade in
such articles may be in the control
OF a particular corporation. This NAV.
in fact, be relatively small CORPORA.
tiUi. IL may never nave hspIrsu 10 the
unsavory renown of trust" But by
prosecuting Its particular line with
fidelity aud meeting satisfactorily a
limited want; or by reason of some
secret processes or advantage of expert
ence, 1t may control the trade in a Civ
| mn rtt Of onpnr,arno ~.