The Columbus journal., 1908-07-29

rust law under existing rulings of the ,
supreme court has given rise to sugges-
uOn for its necessary amendment to
prevent its applications to cases which
t is believed were never in the c0ntem-
plation Of the trainers of the statute.
ufacturer engaged in a legitimate busi-
ness that covers certain states, wishes
to sell his business and his good will,
and so In the terms of the sale Obligates
himself to the purchaser not to go into
the same business in those states. Such
a restraint of trade has always been en-
forced at common law. Again the EN-
ployes OF an interstate railway combine
and enter upon a peaceable and lawful
strike to secure better wages At COM
mon law this was not a restraint of trade
or commerce or violation of the rights
case ought to be made a violation of the
antitrust law. My own impression 10
thai the supreme court would hold that
G he h, theS are
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 tha2
20 per cent. Of the plant In any line Of
the possibility of enforcement or the
real evil in trusts. A corporation con-
trolling Is or 50 per cent. Of the products
effect monopoly and stamp out compe-
titiOn in any part of the country as COM
pletely as If 1t controlled 60 or 70 per cent.
thereof.
Proper Treatment Of Trusts.
Unlawful trusts should be re-
junctive process and the persons en-
gagged in maintaining them should be
punished with all the severity of GRIM
inal prosecution. in order that methods
N "a NJ their j.
ness shall be brought within the law.
To destroy them and to eliminate the
wealth they represent from the pro-
ducing capital of the country would
entail enormous loss. and would throw
out Of employment myriads of work.
ingmen. Such a result is wholly un-
necessary to the accomplishment OF the
innocent far greater punishment than
upon the guilty.
The Democratic platform does not
physically. but it proposes to do the
same thing in a different way. The
business of this country is largely de-
pendent upon a protective system OF
the so-called trusts is protected with
the other businesses Of the country.
The Democratic platform proposes to
ing into competition with those pro-
| duced by the so-called trusts and to
| put them on the free list: If such 9
course would be utterly destructive OF
| their business as it 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
| tiers is to invoke the entire cOmmu
nifty: innocent as II is. in the punish
| is to stamp out the specific evil.
This difference between the policie,
| Of the two great parties Is OF specta
dition Of business. After the years o
| the most remarkable material develop
ment and prosperity. there comes finan
bs %as
not only by the enormous expansio,
of business plants and business invest
ments which could not be readily con
snd in otssf fhs
convertible capital. was exhausted: /
addition to this. the confidence OF In
country had been affected by the rev
Citations of irre&ularity. breach Q
trust. over issue OF stock. valuations Q
tionaI supervision in management Q
our largest corporations. Investor
withheld what loanable capital re
manned available: 1t became imPossitDl
enterprises to borrow money enOug
for new construction and recOnstruc
ton.
Restoration Of Prosperity.
Gradually business is acquiring
healthier tone. Gradually wea yea
be used Confidence in security OF bus
ness investments is plant OF $40
: growth and is absolutely necessary
again. in order that our unemploye
may become employed. and in ordt
that we may again have the prosper,
that has blessed us Tor ten years: IL.
of the farmer. the business man ar
the wage Garner in the security ar
profit OF Investments cannot be &c
| largely emphasized l submit
o those most interested to wage Garner
q to farmers and to business men. wheti
n | er the introduction into power OF u
democratic party, VIII, ha h mr.; Ssar 20,
= struction that it openly advocates +;
v a remedy for present evils. Will oriI
e about the needed confidence ior u
n ! restoration of prosperity.
8 The Republican doctrine OF prote
Il ton. as definitely announced by u
9 Republican convention this year. al
:. by previous conventions. is that tar
: Shall he imposed on all imported pro
!, ucts. whether of the factory. farm
! mine. sufficiently great TO equal T.
difference between the cost OF proau
y. ton abroad and at home. and that IN
q difference should. of course. include .
&c difference between the higher wag
- maid in this country. and the wa
N paid abroad. ana empIace q
q profit to the American production.
lie Advantage of Unions.
n ITO give to employees their proper
,e sitiOn in such a controversy 10 enaI
- | them to maintain themselves agar
l. EMPLOYERS having great capital, they IN
t. well unite. because in union there
4 strength and without II each in haS,,ie
al The promotion of industrial pea
p through the instrumentallty OF tne IRA
s. agreement is often one OF the resE,s
such union when intelligentiy cond hcS
There is a large body OF lahore
to however, skilled and uAskilled. who
~ not organized into unions Their rlg'
ar before the ~, law ,n aGe 9 mem and are to
a protected with the same care ana "a''
VI fulneSS. ..,,o,,or Z,
rs q compliance with their request
n. changed terms of employment Workn r.,
if nave the right to strike in body; IN
a have a right to use such persuasion
r. they may, PROVIDED ~ ,eeS their rel
n tant co-laborers to join them IN :. =,
union against their employer ana {,
e, have a right. if they choose, 40 1904 aerI
ch a strike to delegate to officers tne pc
nd or TO direct the action OF the union,
n TO withdraw themselves ana theiL
ch sociates from dealings win, or CIV
all o,Stom to those with whom they
r. in controversy.
What Labor Cannot Do.
l. .yxb.t they have not the right to
ir ;s ~ iniure their employers property,
mt ini,Ire their employers business by
he of threats or methods OF phys yS fo our
a a. desi with him or by carrying on "
ng is sometimes known as secondary .
"a colt against his customers S;nss or thGse tn
lid wbo sympathize with them may VI
he W mna aid them in their struggle, but t.. I
t. NAV not. through the instrumentam.y
threatened or actual. boyc0tt, cor