The Elbert County tribune., 1908-07-30

lHkt tWO lnSlAntfSs n mtTcnanl OF Ltidn-
ufacturer engaged in legitimate busi-
ness that covers certain states. wishes
to sell his business and his good will.
himself to. the purchaser not to go into
the same business in those states Such
restraint OF trade has always been en-
forced at common law. Again the em-
pioyes Of an Interstate railway combine
and enter upon peaceabie and lawful
strike to secure better wages At COM
mon law this was not n restraint OF trade
or commerce or violation OF the rights
OF the company or of the public. Neither
anti-trust law. My own Impression is
that the supreme court would hold that
neither. Of these instances are within
regarded. general legislation amending
the law is necessary.
Democratic Plank Discussed.
THE suggestion OF the Democratic
platform that trusts be. ended by for
bidding corporations to hold more than
30 per cent. OF the plant in any line OF
manufacture is made without regard to
real evil in trusts. corporation con-
trolling 10 or 80 per cent OF the products
may by well known methods frequently
tition In any part of the country as com
pletely as II it controlled GO or 70 per cent.
Proper Treatment Of Trusts.
Unlawful trusts should be re-
strained with all the efficiency of in
1unctive process and the persons en-
gagged in maintaining them should be
inai 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-
ducing capital of the country would
out Of employment myriads OF work
ingmen. Such a result is wholly un-
necessary to the accomplishment of the
needed reform. and Will inlict upon the
innocent far greater punishment than
upon the guilty.
"The Democratic platform does not
propose to destroy the plan of the trust
physically. but 1T proposes to do the
same thing in 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 on the tariff in all articles COM
h,sah ing INTO o. competition with those pro-
put them on the free list II such a
course would be utterly destructive. of
their business II is, indeed. IT would
not only destroy the trusts, but all of
their smaller competitors.
Effect Of Democratic Policies.
ITO take the course suggested by
the Democratic platform in these mat
ters is to invoke the entire commu-
ment of the guilty, while our policy
is to stamp out the specific evil.
InlS dlHerence between the policies
of the two great parties is of special
Importance, in view OF the present con-
ditlon of business. After the years Of
ment and prosperity. there comes finan-
pnne an
of business plants and business invest
ments which could not be readily con-
yerted. but also by the waste OF cap
and and other casastrophes. taqe n fhen ~hrs free
conyertible capital was exhausted. In
lending public in Europe and in this
elations OF irregularity, breach Of
law and lack of rigid state or ma
our ,a,r,h largest eorporatti,ons INVESTORS
mained available. 1t became impossible
for the soundest railroads and other
enterprises to borrow money enough
tion.
Restoration OF Prosperity.
Gradually business is acquiring n
healthier tome. Gradually wealth.
be used. Confidence in security of bust
ness investments is plant of slow
growth and is absolutely necessary in
order that our factories may all open
again, in order that our unemployed
may become employed. and in order
that has blessed us Tor ten M 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.
to farmers and to business men. wheth-
er the introduction into power of the
Democratic party. with Mr.: Bryan at
it's head. and with the business con-
struction that 1t openly advocates as
a remedy for present evils, will bring
about the needed confidence for the
restoration of prosperity.
The Republican doctrine of protec-
ton. as definitely announced BY the
Republican convention this year. and
by previous conventions, is that a tari1
skall be imposed on all imported prod
ucts. whether of the factory. farm or
mine. suhicienly great to equal the
ton abroad and at home. and that this
difference should. of course. include the
paid in this country. and the wages
paid abroad. and embrace a reasonable
profit to the American production.
Advantage Of Unions.
ITO give to employees their proper po-
sition In such controversy TO enable
employers having great capital. they may
well unite, because In union there is
strength and without 1t each individual
The promotion OF Industrial peace
through the fundamentally of the trade
agrsement is often one 9Is, Of the results Of
There Is large body of laborers,
however, skilled and unsltilled, who are
not organized into unions. Their rights
before the law are exactly the same as
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 termc of employment workmen
have the right to strike In 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 ir
A strike. to delegate to officers the pow
er 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