The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1908-08-26
hand and without reason, apparently
for the purpose of getting their votes.
WHAT Is A TRusTY


total quantity OF any article used h
this country, as to be able to regulat
the price and terms of SALE"
; Bryan says the democratic part.
does not oppose all corporation" bu
let us see. Suppose a corporation
owned and controlled the only dia
mond mdne I'm the world and that q
was in the United States; so that IN.
corporationi was liable TO regulate tbs
Iprice and terms OF sale" That would
be a trust, according to Mr.. Bryan's
definition Let us suppose that an in
dfyidual owned the only diamond
mine and so was cable to regulate the
price and terms OF sale" Why
would he not be a trust. since Mr..
Bryan makes the essential qualifica-
ton ability Ito fix the price and
terms OF SALE?
Now, as a matter Of fact. neither
would be a trust The quantity con-
trolled and the ability to "fix the
price and terms OF sale, have moth
ing to do with the definition of q
trust. A trust Is something reposed
in the confidence OF another, and that
definition applies whether the word n
used in the popular sense of desAg-
mating one Of our modern commercial
creations, or whether II refers to the
old common law trust.
Let us take an example of a trust
Some years ago bending works" all
over the country were confronted
with This problem: they were re-
quired to purchase some 100000
worth Of stock, work It up and keep
It on hand SIX months before dispos-
ing offit- Thn they delivered on
ninety days time, making nine
months from the time they purchased
their stock before they realized on
It, I'M the meantime paying the hands
and expenses OF operating thea
plants. It. spelled ruin for most of
them. Then the Standard Gear Wood
was born. One member
from each bending wood" concern
became a member OF the Standard
Gear Wood company, which bought
up all the products Of every bending
concern on ninety days time, as soon
as the product was ready for market.
thus reducing the time in which the
producing companies realized on their
investmeot from nine to three
months. The Standard Gear Wood
company sold to the buggy manufac-
turers and II was trust, II also was
a monopoly, but n was not organized
by rapacious monsters, who were try
ing to corner the supply of buggy
1t was organized by re-
sourceful men, who found themselves
confronted with the alternative of
ruination or cooperation.
Let us assume that the Standard
Oil company, of New Jersey, in its
own name owned all the vast proper
ties OF the subsidiary corporations
that really compose the Standard Of.
company. That would not be trust,
though none the less a monopoly. But
the Standard OIL company of Indi-
ana. The Standard Oil company OF
Ohio. the Standard on company of
New Jersey, The Union Tank Line.
the Waters-Pierce Oil company, and
the hundreds of other corporations,
merged into the Standard on com
pany through holding concerns and
trusteesh5ps, constitute a trust; but
they would constitute a trust, II they
didn't own an estimable fraction. Oh
one per cent of the oil products Of
the country and didn't cut any figure
in the price or terms of sale.
There is an evil growth apparent;
but shall We employ to remove 1t
from our delicate commercial organ
ism, a surgeon who doesn't under
stand the structure into wiltch he
going to carve and who recklessly con-
fuses the names OF diseased portions.
that are often identical but never
SYNONYMOUS? Bryan criticizes Taft.
because while Taft admits the exist
ence of evils in. our commercial sys-
tenn he does not propose specific
remedy for all the ailments. Does
your family doctor Immediately upon
ascertadning that you have a fever.
announce to you the exact nature OF
your disease and prescribe a medicine.
that he guarantees TO cure you?
Doesn't he rather describe your symp-
toms and through them cndeavor 10
arrive at the nature of the cause. and
proceed 10 remedy that? Doesn't he,
while prescribing for you, study the
condition OF your vital organs and
watch the effect of the medicine on
your heart, even changing the course
of treatment II he finds the effect de
leterious How would a quack do?
Would he watch your heart as he
dopes you with his nostrum? An
there Is the difference. That is why
Taft rs not outlining a specific. He
recognizes the symptoms more clearly
than does Bryan; but he also under
stands that when the pulse jumps to
lilo beats a minute, normal hear
action accounts for most of the beats
and the fever for the difference only
between normal and the extreme