Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1908-08-06
Proper Treatment of Trusts.


Proper Treatment of Trusts.
Unlawful trusts should be re-
strained with all the efficiency of in
Junctive process and the persons en-
gagged in maintaining them should be
punished with all the severity of Grim
NAL prosecution, in order that methods
pursued in the operation of their buSi-
ness shall be brought within the law.
To destroy them and to eliminate the
wealth they represent from the pro-
ducinS capital of the country would
entail enormous loss, and would throw
out of employment myriads of work.
lnSmen. Such a result is wholly un-
necessary to the accomplishment of the
needed reform. and will intlct upon the
innocent far greater punishment than
The Democratic platform does not
propose to destroy the plan of the trust
physically. but it proposes to do the
business of this country is largely de-
pendent upon protective system of
tarlhs. 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 in all articles COM
duced by the so-called trusts and to
put them on the free list. Ii such
course would be utterly destructive of
their business as 1t is, indeed it would
not only destroy the trusts. but all of
their smaller competitors.
Effect of Democratic Policies.
TO take the course suggested by
the Democratic platform in these mat
ters Is to invoke the entire commu-
nifty. innocent as it is, in the punish
ment of the guilty. while our policy
is to stamp out the specific evil.
This difference between the policies
Importance in view of the present con-
dition of business. After the years of
the most remarkable material develop
ment and prosperity, there comes finan-
cal StTlngpncN. manic industrial a
depression. This was brought about
not only by the enormous expansion
of business plants and business invest
ments which could not be readily con-
verted, but also by the waste of cap
ltai in extravaganza of living. in wars.
and other catastrophes. The free
capital was exhausted In
addition to this. the confidence of the
lending public ir Europe and in this
country had been affected by the rev
elations of irregularity breach of
trust over issue of stock, valuations of
law and lack of rigid state or ma
tlonai supervision in management of
withheld what loanable capital re-
maincd availa BILE. it became Impossible
for the soundest railroads and other
enterprises to borrow money enough
for new construction and reconstruc
tion.
Restoration of Prosperity.
Gradually business is acquiring a
healthier tone. Gradually wealth,
be used. Confidence in security of bust
ness investments is a 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
thaL we may again have the prosperity
that has blessed us for ten years. The
Identity of the interest of the capital
of the farmer, the business man and
the wage Garner in the security and
profit of Investments cannot be too
largely fllnhI sized Sllbn1it n
those most Interested. to wage earners.
TO farmers and to business men. wheth-
er the Introduction into power of the
!)comcr2tic party, with MIR. Bryan at
its head, and with the business con
struction that IL openly advocates as
a remedy for present evils. will bring
restoration of prosperity.
THE ECpubll can doctrine of protec-
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
difference between the cost of produc-
tion abroad and at home. and that this
difference between the higher wages
paid in this country. and the wages
paid abroad. and embrace II reasonable
profit to the American production.
Advantage of Unions.
"To give to employees their proper po-
siton 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 1t each individual
The promotion of Industrial peace
through the instrumentaltY of the trade
agreement is often one of the results of
such union when intelligently conducted.
There is large body of laborers.
however. skilled and unskilled who are
not organized into unions. Their rights
l.
those of the union men, and are to be
with the same care and watch
lulness.
I'm order to induce their employer into
Il compliance with their request for
changed terms of employment workmen
nave the right to strike in body They
they may, provided 1t 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
have a right. if they choose, to accumu-
late funds to support those engaged in
a strike, to delegate to officers the pow
or 10 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 threats or methods of physical duress
or deal with him or by carrying on what
is sometimes known as a secondary boy
colt against his customers or those with
whom he deals in business. All those
who sympathize with them may unite
to aid them in their struggle, but they
may not, through the ustrumentality Of
a threatened or actual boycott. compel
third persons against their will and hdv-
ing no interest in their controversy to
come to their assistance. These prncl-
pies have for a great many years been
settled by the courts of this country.
"rhrcatened unlawful injuries to busl-
ness like these described above, can only
be adequately reme1ied by an injunction
to prevent them. The jurisdiction of a
court of equity to enioin in such cases
arises from the character of the injury
and the method Of infcting it ard the
fact that suit for damages ocySs no s.G,-
quate remedy.
'The injury is not done by one single
act which might be adequately compen-
sated for in damages by a suit at law.
but it is the result of a constantly re-
curing series of acts. eacL ,f which in
itself might not constitute q. substantial
tiYNF n lFn To- 4.