Daily Arizona silver belt., 1908-07-29

ized on the theory that mere aggrega- tion of all or nearly all existing plants in line of manufacture without regard to economy of production, destroys com petition. They have most of them gone into bankruptcy. Competition in a profitable business will not be affected by the mere aggregation of many ex- isting plants under one company, un- less the company thereby affects great economy, the benefit of which it shares with the public or takes some illegal method to avoid competition and to per. petuate hold on the business.
 Proper Treatment of Trusts
 In law trusts should be restrained with all the efficiency of injunct tive pro. cess and the persons engaged in main taining them should be punished with all the severity of criminal prosecution, in order that the methods pursued in the operation of their business shall be brought within the law. To destroy them and to eliminate the wealth they represent from the producing capital of the country would entail enormous loss and would throw out of employment mvriads of workingmen and women. The democratic platform does not pro pose to destroy the plants of the trusts physically, hut it proposes to do the same thing in a different way. The business of this country is largely de Inn a na tlXn fnT nt tariffs. The business done by many of | the so-called trusts is protected with the other businesses of the country. The democratic platform proposes to take | off the tariff on all articles coming into competition with those produced by the socalled trusts and put them on the | free list. If such course would be utterly destructive of their business, as is intended, it would not only destroy the trusts, but all other smaller com petitors. The ruthless and impractical ble character of the proposition grows l plainer as its effects upon the whole community are realized.
 To take the course suggested by the democratic platform, in these matters is to involve the entire community, in nocent as it is, in the punishment of the guilty, while our policy is to stamp out the specific evil.
 This difference in the policies of the great parties is of especial importance in view of the condition of business After ten years of the most remarkable material development and prosperity there comes financial stringency and panic and an industrial depression This was brought about by enormou: expansionjin business plants, waste and extravaganza in living and other eatas tropics, and it had become impossible to secure capital for even the soundest en. terprises.
 Continuing, Taft declared that busi ness was acquiring a healthier tone; he defined the republican doctrine of protection and said that the democratic platform had not the strength of pre- vious convictions on the tariff question He said the farmer, whose welfare is vital to the country, should support the administration. He referred to the legislation by the administration in be. Nhalf of labor, and said the rights of un- | organized laborers were the same as those of organized labor; that the latter have the right to strike in body and use persuasion, provided this does not reach the point of duress. He declared the chief function of the nexa admins tration to be the clinching of what al- ready has been accomplished. He as, serted, in comparing the platforms of the two old parties, that the republican declaration is progressive and regula