The Julesburg grit-advocate., 1908-07-31

effect monopoly and stamp out compe-
Itlon IN any part of the country com
thereof
Proper Treatment Of Trusts.
"Unlawful trusts should be re-
strained with all the efficiency of in
jnnrt,Ve process and the persons en-
gagged in maintaining them should he
punished with all the severity of Grim
nal prosecution. in order that methods
pursued in the operation of their busi-
ness shall be brought within the law
10 destroy them and to eliminate the
wealth they represent from the pro-
duclng capital of the country would
entail enormous loss. and would throw
out OF employment myriads of work
lnEmcn. Such a result is wholly un-
necessary to the accomplishment of the
needed reform, and will infict upon the
innocent TAR greater punishment than
upon the guilty.
The Democratic platform does not
propose TO destroy the plan of the trust
physically. but it proposes to do the
same thing in Il different way. The
business of this country is largely de-
nendtnt ",.if,. ,Ip upon a protective system Of
the so-called trusts is protected with
lhc other businesses of the country.
The Democratic platform proposes to
take OF the tariff in all articles COM
ing into competition with those pro-
duced by the so-cailed trusts and to
put them on the free list. If such
course would be utterly destructive of
their business as il is, indeed. it would
not only destroy the trusts, but all of
their smaller competitors.
Effect of Democratic Policies.
To take the course suggested by
the Democratic platform in these mat
tcrs is to invoke the entire commu-
nily. Innocent as 1t is. in the punish
mcnt of the guilty. while our policy
is to stamp out the specific evil.
This difference between the policies
of the two great parties is of special
Importance, in view of the present con-
dition of business. After the years of
tn" most remarkable material develop
mcnt and prosperity. there comes finan-
cial stringency. Il panic. an industrial
dSPression; ani" This ,h was brought about
Of business plants and business invest
ments which could not be readily con-
rerted, but also by the waste of cap
itai in sxtravagancc Of living, in wars,
convertible capital was exhausted. In
addition to this. the confidence of the
country had been affected by the rev.
elations of irregularity. breach of
trust. over issue OF stock. valuations of
law and lack of rigid state or ma
uonal supervision in management of
our largest corporations. Investors
withheld what loanable capital re-
for the soundest railroads and other
enterprises to borrow money enough
for new construction and reconstruc
ton.
Restoration Of Prosperity.
Gradually business is acquiring n
healthier tone Gradually wealth.
which was boarded. is coming out to
he used. Confidence in security of bust
ness investments is a plant of slow
rrowth and is absolutely necessary in
order hat 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. l submit to
those most interested, to wage earners,
Gr the introduction into power of the
Democratic party, with Mr. Bryan at
is head, and with the business con
struction that it openly advocates as
~emcdy for present evils, will bring
bout the needed confidence for the
restoration of prosperity.
ton as definitely announced by the
Republican convention this year. and
by previous conventions, is that tariff
ucts, whether of the factory. farm or
mine. sufficiently great to equal the
difference between the cost Of produc-
difference should. of course. include tn,
d ference between the higher wages
paid in this country. and the wages
paid abroad, and embrace reasonabl,
profit to the American production.
Advantage Of Unions.
ITO give to employees their proper po-
siiion in such controversy to enable
them to maintain themselves against
employers having great capital. they may
e Ih''s and oeSnHse n en4n eaeb ndyda aheJe n
aborcr and employe would be helpless
Thc promotion OF industrial peace
through the instrumentality of the trad,
.greement is often one of the results OF
such union when intelligently conducted
There is large body Of laborers.
however, skilled and unskilled, who are
before the law are exactly the same as
those of the union men. and are to be
protected with the same care and watch
.ulress.
In order to induce their employer into
/ compliance with their request for
changed terms of employment WorkmeI
have a right to use such persuasion a
they may. provided 1t does not reach
the point of duress. to lead their reluc-
union against their employer and they
nave a right. II they choose. to accumu-
late funds to support those engaged !!
strike. to delegate to officers the pow
cr to direct the action of the union. anc
to withdraw themselves and their as
sociates from dealings with. or giving
in controversy.
What Labor Cannot Do.
what they have not the right to do
is to injure their employers property, to
iniure 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 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 instrumental!ty 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 princi- |
r'es have for a great many years been |
settled by the courts of this country.
"rhrcatened unlawful injuries to bust |
ness, like these described above, can only |
be adequately remedied by an Injunction |
to prevent them. The jurisdiction OF Il
court of equity to enjoin in such cases
arises from the character OF the injury |
and the method of intiictinE 1t and the
fact that suit for damages offers no ade-
puate remedy.
"The injury Is not done by one single |
act, which might be adequately compen- |
satcd for in damages by suit at law, |
but 1t is the result of n constantly re- |
curing series of acts. each of which in |
itself might not constitute a substantial |
IL