Devils Lake inter-ocean and Devils Lake free press. (Devils Lake, Ramsey County, N.D.) 1905-1909, 1908-07-31

snak euEA large 2ggTeGat11gs5 H CAD
! itaa and combination should be con.
| trozsed SO that the public may have
| tire advantage Of reasonable prices
| and that the avenues OF ezterp-ise
may De kept open to the indirsaRal and
/; the smaller corporation wsshiEE to en-
/ gage in business Z
Many enterprises have been organ
, azed on the theory that mere aggrega,
; ZION OF all. or nearly al. existing plants
In line o. Manufacture, without re-
. gard to eca0omy Of production, de
ssroys competition. They have, mos
/ Of them gone into bankruptcy. Com.
petition in profitable business viii
not he affected by the mere aggresa-
; tson Of many existing plants under one
company. unless the company thereby
/ effects great economy. the benefit OF
which it shares with the public. or
takes some Illegal method to, avoid
i competition and to perpetuate a hold
On the business
Proper Treatment Of Trusts.
CniasFful trusts shsnh be restrained
. with all the efficiency OF fnjunctive
: process. and the persons engaged in
maintaining them should be punished
, with all the severity OF criminal pros-
ecutfon. In order that the methods pur-
sued In the operation If their business
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
ont OF employment myriads Of work
tngmen and worl.ingvomen- Such a
result Is wholly unnecessary to the &C.
eomplishment Of the needed reform
and viii inf1ict upon the innocent far
greater punishment than upon the
guilty.
Destructive Policy of Democratic Plat
form.
The Democratic platform does not
propose to destroy the plants Of the
trusts physically. but 1t proposes to
do the same thing in a different way.
The business Of this country Is large
~ dependent on protective system of
tariffs. The business done by many
Of the SO called '-trusts' Is protected
with the other business Of the country
The Democratic platform proposes to
take of the tariff in all articles COM
, ing into competition with those pro-
0uced by the so called trusts" and
to put them on the free list. II such
q course would be utterly destructive
OF their business. as Is intended. 1t
would not only destroy the trusts, but
all Of their smaller competitors. The
ruthless and impracticable character
Of the proposition grows palmer as its
effects upon the whole community are
realized
To take the course suggested by the
Democratic platform in these matters
Is to Involve the entire community. in
nocent as it Is, in the punishment of
tho guilty, while our policy Is to stamp
out the specific evil. This difference
between the policies Of the two great
Darties Is Of especial Importance in
view Of the present condition Of bust
hess. After ten years Of the most re
markable material development and
prosperity. there came a financial strln
gency, a panic and an Industrial de-
preston 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 CAPT.
tai. in extravaganza Of living, in wars
and other catasuophies
aAnnhiiesn n>>&.:.~ IL
The Republican doctrine of protec-
lion, as definitely announced By the
Republican convention Of this year
and by previous conventions, is that
tariff shall be imposed on all imported
products. whether of the factory, farm
Or mine, sufficiently great to equal the
difference between the cost Of produc-
lion abroad and at home. and that this
dtherence should. of course. include
the difference between the higher
wages paid In this country and The
wages paid abroad and embrace a rea-
sonabie profit to the American pro-
Queer. 4 system Of protection thus
adopted and put in force has led TO
me establishment Of a rate of wages
mere that has greatly enhanced the
standard Of living of the laboring man.
It: Is the policy Of the Republican party
permanently to continue that standard I
OF living. In 1887 the Dingley Tariff
Bll was passed, under which we have
bad, as already said. period Of enor-i
nous prosperity.
a. Necessity For Revision Of Tariff. l
The consequent material develop.
ment has greatly changed the condi- |
lions under which many articles de- !
ecHbed by the schedules of the tariff |
are now produced The tariff In q
number Of the schedules exceeds the |
difference between the cost Of produc- |
t1on of such articles abroad and at !
home, including reasonable profit to-
the American producer The excess
over that difference serves no useful |
purpose. but offers a temptation to |
those who would monopoiize the pro-
ductton and the sale Of such articles |
IN this country. to profit by the excess
I've rate. On the other hand, there are