The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-07-29
Bishop DAYZD 5H.MO0RE

the real evil In trusts. A corporation
controlling 45 or 90 per cent. Of the
products may by well known methods
frequently effect monopoly and stamp
out competition in q part OF the coun-
try as completely as II 1t controlled.
so or 70 per cent thereof,
Products 1t Fixed Price.
The proposal to compel every COR
poration to sell its commodities at the.
same price the country over. allowing
CABLE Il Il can Is shown yha, ii
der to drive out competition cor
poration owning a large part OF the
plant producing an article is selling In
one part Of the country, where 1t has
price, and in another part OF tho coun-
try. where 1t has none. at an exorbi-
tant price. this Is evidence that It is
attempting an unlawful monopoly, and
justifies5 conviction under the anti-
trust law; but the proposal to super
wise the business OF corporations in
such q way as to fix the price of COM
modit!es and compel the sale at such
price IS as absurd and socialistic q
ocratic political platform.
Republican and Democratic Policies.
publican and the Democratic platforms
Is the difference which has heretofore
been seen between the policies Of Mr..
Roosevelt and those which have been
date. Mr.. Bryan. Mr.. Roosevelts poll
.cics have been progressive and reg
ulatlyei Mr.. Bryan's destructive Mr..
the ds
up SO as to stamp out the evils and
permit the business to continue. The
| tendency OF Mr.. Bryan's proposals
have generally been destructive OF the
l wit n vyh Nh ho.l 10
would compel the trusts to conduct
their business ina lawful manner and
secure the benefits Of their operation
and the maintenance OF the prosperity
OF the country Of which they are an
important part. while Mr.. Bryan would
extirpate and destroy the entire bus-l
4 !nesg In order to stamp out the evils
which they have practiced.
Combination OF Capital. s
The combination Of capital in large
i plants to manufacture goods With tho
greatest economy Is Just as unnecessary
machine to the coon omical and more
was made BY hand. The government
should not interfere with one any more
tions Of capital are lie ttimate and are
| properly controlled. for they are then
l the natural results of modern enter-
prise and arc beneficial t. the ptn,billG;
j the public Will soon share with the
manufacturer the advantage in econ
4 omy Of operation and lower prices.
What Is nn Unlawful Trusts
When. however. such combinations
nrc not based on any economic prln-
eiple, but are made merely ZOE ZOE & me y
i purpose OF controlling this market, t"
maintain or raise prices restrict out-
put and drive out competitors. the
public derives no benetlt and We have
a monopoly. There must pc some .uSe
e eyeat s Size company tyy
persons to buy Of it rather than ot
some competitor Or to. cnerce thnsA Wnr 6
business. There must usua w, n ,ot TIER
words, be shown an clement OF durass
4 In the conduct gifts busi ness toward
the customers in the trade analtf;n COM
capital or plant becomes an .Mnl!awtry J
4 monopoly It Is perfectly conceivable
that In the interest OF economy. q PRO.
\ be legi.Insat 81; ''nssembled Under the
HMH pertaa tie eae such srss
sn 9aa be
public may have tbs. adya,ntaEe q req. .
Gnterprlse may be kept.oren TO- 4tn n,s
Wishing 10 engage sS In business,
Not Violation OF Antitrust Law.
Ina country like this, where. In kood q
i times, there Is an enormou "! y q tins
capital awaiting Investment, tn 9 period
4 before which effective competttion ny
construction of new plan 81 can be IN
4 atiyely short, rarely exceeding q year,
and Is usually even less lthan8t hat. Tx,
4 istence Of actual plant IS not, 8 ere,r
fore, snece ssaryt to ppt tent ial 90 NJ pet ~
ton Many enterprises h ave been or-
ganlzed on the hat aIGEIE 4, !.