The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1908-07-29

ern enterprise and are beneficial o
the public In the proper operation OF
competition the public viii soon share
with the manufactures the advantage
in economy Of operation and lower
prices.
What is an Unlawful Trust?
When, however. such combinations
are not based on any economic prin-
cipe but are made merely for the pur-
pose OF controlling the market, TO
maintain or raise prices, restrict out
put and drive out competitors, the
public derives no benefit and we have
a monopoly There must be some use
by the company of the comparatively
great size of its capital and plant and
extent of its output. either to coerce
persons to buy of ii rather than of
some competitor or to coerce those
their business There must usually in
other words, be shown an element OF
duress in the conduct of its business
toward the customers in the trade and
Its competitors before mere aggrega
ton Of capital or plant becomes an
unlawful monopoly 1t is perfectly
conceivable that In the interest OF
economy Of production Il great mum
Der Of plants may be legitimately as.
aembled under the ownership of one
corporation. 1t is important there
fore that such large aggregations OF
capital and combination should be
controlled SO that the public may have
! the advantage OF reasonable prices
aud that the avenues of enterpris''
may be kept open to the individual
ANA the smaller corporation wishing
TO engage in business.
i Aggregation of Capital Not Violation
In Il country like this, where, in
good TINES. there Is an enormous foa,
ing capital awaiting investment, the
period before which effective compe
ttiou, by construction of new plants
can be introduced into any business.
lis comparatively short rarely exdeed.
ling a year, aud is usually even less
than that Existence Of actual plant
Is not therefore. necessary to potel
tial competition. Many enterprises
have been organized on the theory
that mere aggregation of all. or nearly
all, existing plants in a line of manu-
facture, without regard to economy OF
Iproduction, destroys competition in a
profitable business will not be affecte
by the mere aggregation of many ex
isting plants under one company, un.
less the company thereby effects
great economy. the benefit Of which il
shares with the public. takes some H.
legal method to avoid competition and
TO perpetuate hold on the business.
Proper Treatment of Trusts
| unlawfui trusts should be restrained
! with all the efficiency Of injunctiye
process, and the persons engaged II
maintaining them should he punished
| with vi the severity Of criminal pros e
Icutlon, in order that the method pur
s.td in 1he operation of their bust
lHass shall be brought within the law
|, 20 destroy them and to eliminate the
weaIth they represent from the pro
i,ucing capital of the country woul
entail enormous loss. and woulc
throw ont Of employment myriads OF
Workingmen and working women
Such a result is wholly unnecessary tC
the accomplishment cf the needed "a
form. and will iuflict upon the limo
cent far greater punishment than upon
the guilty,
Destructive. Policy of Democrats,
The Democratic platform does no
7 propose to destroy the plants of tn,
trusts physically but it proposes to d,
the same thing in a different way
The business Of this country is largel'
dependent on protestice system o
tariffs. The business done by man!
; of the so-called trusts is protecte
with the other business OF the cOun
try The Democratic platform pro
iDCses 10 take of the tariff in all az
tices coming into competition wit
, those produced by the SO Gale
trusts" and to put them on the fire.
. list If such a course would be utter
~ destructive of their business. as i
intended, it would not only destroy tn
5 trusts but all Of their smaller come
/ titors The ruthless and impracticab
character eff thn proposition grow
= palmer as It's effects upon the who'll
I community are realized.
Effect Of Democratic Plans.
4 To take the course suggested by tn
4 Democratic platform in these mater
l. is to involve the entire community
innocent as 1t is. in the punishment o
!. the guilty, while our policy is t.
? stamp out the specific evil. This dii
. ference between the policies of tn
. two great parties is of especial in
c portance in view ofthe present condi
! ton OF business. After ten years o
), the most remarkable material deyei
opment and prosperity, there came
}. financial stringency a panic and al
industrial depression. This wa
1 brought about not only by the enor
$ nous expansion of business plant
o and business Investments which coul,
+ mot be readily converted, but also b.
. tho wactn o9 papital i'm avtra,.o uono,