Bisbee daily review., 1908-08-26

production on a large scale. No one
objects to production on a scale suffi-
,ciently large to enable the producer
to utilize by-products and take adyan-
tage of all the economies that large
production makes possible. 1t is just
here that the trust magnates attempt
to confuse the public mind, and Mr..
Taft has unconsciously adopted their
language.
Let the issue be made plain; let the
distinction be accurately drawn; let
the respective positions of the parties
be fully understood. The Democratic
party does not oppose all corpora
tions: on the contrary, it recognizes
that the corporation can render an
important service to the public. The
Democratic party wants to employ ev-
cry instrumentality that can be en-
pioyed for the advancement of the
common good; but the Democratic
party draws the line at the private
monopoly, and declares that private
monopoly can not be justified on eth
er economic or political grounos.
From an economic standpoint. a
monopoly is Objectionable. The mo-
ment a corporation secures a practi-
cal monopoly in the production or sale
of any article, certain evils appear
which outweigh any good that can
come from large, production or CON
troll Wherever private monopolies
exist, certain irresistible tendencies
manifest themselves. First, it raises
prfces-this is the first thing thought
of for the increasing profits. Then,
in proportion as it becomes the only
purchaser of the raw material, it re-
duces the price of the raw material,
and the producer of that raw material.
having no other market, must accept
the price offered In this way, too,
the profits of the corporation are in
creased. Third. reduction in the
quality of the product affords an op-
portunity for increasing profits.
Fourth, reduction in wages follow
wherever conditions will permit
Competition protects the purchaser,
for when a number of independent
producers stand ready to supply him
with what he needs, he can choose be
tween them and buy from the one
who offers the best product at the
lowest price. He is also protected in
quality because those who compete
4 lot AIS W oCtI W HAAt sAANNt
show either advantage in price or ad-
vantage in quality. Competition pro
tects the man who produces raw ma
terial, for when there are number
of bidders for that which is being sold,
he can accept the highest price OF
| fered Competition also helps the
wage-earner for his skill is the fin
ished product which he offers upon
] the market, and where number OF
1 indeBendent industries are endeavor
/ ing to secure the highest skill, the
skilled laborer has the best assur
anee Of obtaining a fair recompense;
when there is but one employer. the
empIoye must take the price offereo
because he will lose the advantage OF
/ his experience If he must go out tc
I find q different kind of employment
The business men of the country
have felt the pressure Of the trusts
/ The retailer has been compelled tc
enter into contracts which restrici
/ his management Of his own affairs, he
has found the terms of sale and pay
ment changed to his advantage and
he has been forced to carry more and
more Of the risks of trade. He Is o0Ti
vinced that there are no good trusts
and that his only safety is IN the
Democratic plan which lays the axe
at the root Of tie tree.
The travelling men naturally take
especial interest in the trust question
because the more complete the mo
nopoly secured by corporation the
less they are needed We have nc
more intelligent class than the repre-
sentatives of commerce. and their re