Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1908-08-02

that such large aggresations OF cap
itai and combination should be con
trolled SO that the public may have
the advantage OF reasonable prices
and that the avenues Of enterprise
may be kept open TO the individual am
the smaller corporation wishing to en-
gage In business.
Many enterprises have been organ
lied on the theory that mere aggrega
ton Of all, or nearly all. existing plants
In a line of manufacture, without re
gard to economy of production, de
stroys competition. They have, most
Of them. gone into bankruptcy. Com
petition in n profitable business Will
not be affected by the mere aggrega'
ton Of many existing plants under one
company. unless the company thereby
effects great economy, the benefit OF
which il shares with the public, or
takes some illegal method to avoid
competition and TO perpetuate a hold
on the business.
Proper Treatment Of Trusts.
Unlawful trusts should be restrained
with all the efficiency of inJunctive
process, and the persons engaged In
maintaining them should be punished
with all the severity of criminal pros
ecution. I'm order that the methods pur-
sued In the operation of 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
out of employment myriads of work
ingmcn and workingwomen. Such a
result is wholly unnecessary to the ac-
complishment Of the needed REFORM
and will inhict 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 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 off the tariff In all articles COM
ing into competition with those pro-
duced by the so called trusts" and
to put them on the free list. IL such
a 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 1t Is, in the punishment OF
the guilty, while our policy Is to stamp
out the specific evil This difference
between the policies Of the two great
parties Is Of especial Importance In
view OF the present condition OF bust
ness. After ten years OF the most re
material development and
there came a financial strln-
gency, a panic and an industrial de-
preston. This was brought about not
only 10y the enormous expansion of
business plants and business invest.
ments which could not be readily con
verted, but also 10y the waste Of capt
tai, In extravaganza of living, In wars
ana other catastrophies.
Republican Doctrine Of Protection.
The Republican doctrine Of protec.
lion, us definitely announced 10y the
Republican convention Of this year
lnd by previous conventions, is that
.arif shall be imposed ON all imported
products, whether of the factory, farm
n mine, sufficiently great TO equal the
Inference between the cost Of produc
ion abroad and at home, aud that this
Inference should, of course, include
he difference between the higher
wages paid In this country and the
wages paid abroad and embrace rea.
onable profit to the American pro
lucer \ system Of protection thus
idopted and put I'm force has led to
he establishment Of rate Of wages
lere that has greatly enhanced the
tandard Of living of the laborng man.
t is the policy Of the Republican party
TO continue that standard
f living In 1897 the Dngey Tariff
Bill was passed under which we have
.ad, as already said, a period Of enor-
nous prosperity.
Necessity For Revision Of Tariff.
The consequent material develop.
lent has greatly changed the condl-
Ions under which many articles de.
crbed by the schedules Of the tariff
re now produced. The tariff I'm
lumber Of the schedules exceeds the
Inference between the cost Of produc-
on Of such articles abroad and at
ONE, including reasonable profit to /
le American producer, The excess /
yer that difference serves no useful i
Crposc but offers q temptation TO 4
lose who would monopolize the pro
uctlon and the sale of such articles
this country, 10 profit by the excess Z
70 rate. On the other hand, there are I