The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1908-07-28

odSeu OH any cCOilOiuiCdl pIlHCiple, Dut
merely for the purpose of controlling
the market, maintain or raise prices
| restrict the output or drive out COM
petitors. the public derives no benefit
and we have monopoly.
| After the "Bad" Trusts.
Competition is profitable business
and cannot be affected by the mere ag-
| gregation of many existing plants un-
der one company, unless that company
| thereby Offsets the great economy, the
| benefit of which it shares with the
| public or takes some illegal method to
avoid competition and perpetuate it's
| hold on the business. Unlawful trusts
should be restrained with all the eff
cheney of the injunction process and
persons engaged in maintaining them
should be punished. To destroy them
| and eliminate the wealth they repre-
sent from the producing capital of the
| company would entail an enorm Gus
loss and throw out of employment
myriads of wOrkingmen and working
women. The democratic platform does
| not propose to destroy the plants of
the trust physically, but proposes to
do the same thing in a different way.
THE democratic platform proposes
| to take off the tariff on all articles
| coming into competition with those
! produced by these so-called trusts
and put them on the free list. Such a
course would not only destroy the
trust but all the smaller competition.
About the Panic.
After ten years of the most re-
| markable material development and
prosperity there came a financial
| stringency, panic and industrial de-
preston. This was brought about not
| only by the enormous expansion of
business plants and business invest
ment, but also by the waste of Can't
Tai, extravaganza in living, wars and
other catastrophes. Free convertible
capital was exhausted. The confidence
of the lending public in Europe and
TINS country was affected by revela-
lions of irregularity. breaches of trust
oVer-issues of stock, violations of the
law and the lack of rigid state or ma
tlonal supervision in the management
OF our largest corporations.
Gradually business is acouirinp a
healthier tone. Gradually all the
wealth that has been boarded is COM
ing out to be used. 1 submit to those
most interested, the wage Garner the
farmers and business men, whether
the introduction into power of the dem
ocratic party. with Bryan at it's head
and with the business destruction that
openly advocates as a remedy for
the present evils will bring about tho
needed confidence for the restoration OF
prosperity. The republican doctrine Of
protection is that the tariff shall he in
posed on all imported product suffi-
ciently to create. an equal difference
between the cost Of PRODUCTION abroad
and at home and that this difference
should include the difference between
higher wages pafd in this country and
or the wages paid abroad and embrace
reasonable profit to the American
producer
Revise the Tariff? Maybe.
The material development has
greatly changed the conditions under
winch many articles described by the
schedules of the Dingley tariff are now
produced. Revision of the tariff, be-
gun promptly upon the incoming: of tho
new administration and considered at
a special session with the preliminary
Investigations already begun by an
appropriate committee of the bousa
ana senate will make the disturbances
or business incident to such a chanse
as little as possible.
We now have the question of labor
one important phase of the policies of
the present administration has been
anxiety to secure for the wage Garner
equality of opportunity and such nosi-
tive statuatory projections as shall
pace MN on level in dealing with
his employer.
The interests of the employer and
the emrloye never differ except when
it comes to a division of the Joint prof.
Il OF labor and capital into dividends