The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1908-08-05

trust law under existing rulings Of the
supreme court has given rise to sugGAs.
for its It, eases Which,
piation Of the trainers Of the statute.
Take two instances: A merchant or man
ness that covers certain states, wishes
to sell his business and his. good will,
and SO in the terms of the sale obligates
himself to the purchaser not to go into
the same business in those states. Such
a restraint of trade has always been en-
forced at common law. Again the EN-
ployes Of an interstate railway combine
and enter upon a peaceable and lawful
strike to secure better wages. At COM
mon law this was not a restraint of trade
of the company or of the public. Neither
case ought to be made violation Of the
antitrust law. My own impression Is
neither of these instances are within
its inhibition, but If they are to be SO
regarded, general legislation amending
the law Is necessary.
Democratic Plank Discussed.
1.-THE suggestion of the Democratic
bidding corporations to hold more. than
so per cent of the plant in any line of
Manufacturing is made without regard to
real evil in trusts. A corporation con-
trolling 45 or so per cent of the products
may by we'll known methods frequently
ttion in any part of the country as COM
pletely as if it controlled 60 or 70 per cent.
thereof
Proper Treatment Of Trusts.
"Tnla la trusts she s,l d. be ), re- re-
a an ns the persons 81
gagged in maintaining them should be
punished with all the severity of Grim
pursued 1n. ps in the operation Of their bust.
ness shall be brought within the law.
10 destroy them and to eliminate the
enR eaey pr tbs the wppr
entail enormous loss and would throw
ingmen. Such a result is wholly UNI
needed reform, and will infiict upon the
innocent far greater punishment than
upon "n,, the guilty: n,o..o.x, soos M.
propose, to destroy the plan Of the trust
same thing in a different way. The
pendent upon protective system Of
tariffs. The business done by many Of
the so-called trusts Is protected with
The Democratic platform proposes to
take off the tariff in all articles CONF
ing into competition with those pro-
be by the tSe eaae sanS
course would be utterly destructive Of
heir business as It is, indeed, IT would
not only Destroy the trusts, DuI ali Oh
their smaller competitors.
Effect Of Democratic Policies.
ITO take the course suggested by
ters is to invoke the entire commu-
ment Of the guilty. while our policy
This difference between the. policies
of the two great parties is Of special
importance. in view Of the present con-
the then most remarkable material develop
ment and prosperity, there comes finaM:;
cial stringency. a panic, an industrial
not only by the enormous expansion
of business plants and business invest
ments which could not be readily con-
t
convertible capital was exhausted. In
addition to this, the confidence Of the
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-
for the soundest railroads and other
enterprises to borrow money enough
for new construction and reconstruc-
ton.
Gradually business IS acquiring a
which was boarded, is coming out to
be used. Confidence in security Of bust
ness investments is a plant of slow
order that our factories may all open
again, in order that our unemployed
may become employed, and IN order
that has blessed us for ten years. The
identity of the interest of the capital
of the farmer. the business man and
profit Of Investments cannot be too
largely emphasized. submit to
those most interested. to wage earners.
er the Introduction into power of the
Democratic party. with Mr.. Bryan at
it's head and with the business con-
that 1T openly ayya
restoration Of prosperity.
THE Republican doctrine Of prHtec-
ton, as definitely announced by the
| Republican convention this year, and
by previous conventions, is that 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 the
difference between the higher wages
paid in this country, and the wages
| paid abroad, and embrace reasonable
| pTOHL 10 lAe <AIHcIlCdA ouuSlioiA'
Advantage of Unions.
| ITO give to employees their proper po-
sition In such a controversy to enable
| them to maintain themselves against
employers having great capital, they may
well unite, because in union there is
strength and without it each Individual
laborer and employe would be helpless.
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 a large body. Of laborers.
however, skilled and unskilled, who are
not organized into unions. Their rights
those of the union men, and are to be
protected with the same care and watch
| fulness.
"In order to induce their employer into
a compliance with their request for
changed terms of employment workmen
| have the right to strike in a body. They
| have a right to use such persuasion as
they may, provided it does not reach
| the point of duress, to lead their reluc-
| tant co-laborers to join them in their
union against their employer and they
late funds to support those engaged in
a strike, to delegate to officers the pow
| err 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
| injure their employers business by use
| of 70 0f nh