Anadarko daily democrat. [volume] (Anadarko, Oklahoma) 1908-191?, 1910-09-22

IN tuo OAner IaflIlC foant NIh Ii'-
oedure was publicly known, Tho
president knew OF 10. the whole world |
knew Of it II proceeded without Of
ficial hindrance. ana in the succeed
ina year the published report Of the
Union Pacific Railroad showed that
its purpose had been carried into cf-
feet. resulting la the acquisition OF |
complete control on the part of the |
Union Pacific over the entire southern /
Pacific system, also that All influential |
interest had been acquired iu tWo more !
Of ITS Pacific coast compstltors. but |
this unlIcattOn or control ana con- |
ssquent destruction ~ reasonable |
competition had been accomplished 90 ]
such an extent that we shortly found I
the Union Pacific doubling its earn /
inEs upon bare increase Of less than /
one fourth OF the tfnnic handled.
We find that its vast volume Of
common stock. from which the cOrpor-
alton had not received an average of !
ten per cent OF It's face value. had |
risen In the markets Of the world Go
over one hundred and seventy per
We rind it receiving iu dividends an
nuailN sum equal 10 the entire |
I amount the CORPORATION had over Ie-
ceINtd for ite issue. aud at these prices
] Mr. Hartman and Dds associate. W.l
| promoted this combination. acquired
/ their vast fortunes. running into tho
hundreds oI millions ui dollars. NOT
from % Ir.. Ultimate increase Of prop
| erty values. but from sudden Initiation,
/ the result oi Destroying competition
D III WV II 'N'.' 't NN ..''' .'.
/ We flud that Tho estates ot invest.
I or The widows and tuD orphans OF
/ the wuI I'D. attracted by these fabulous
| earnings. had become Che Innocent
! holders OF these WattItd stocks af .u-
/ Uatyd prices and today we confront
/ the problem 'ruaU The shippers uf
/ America forever pay ratcr 500 provide
/ "a t.u per cent dividend ON sach oapl-
/ taIllutton or shall these innocent Iu-
I N,.turs suffer Io~rF' What could have
/ been prevented by presidential activity
HF. I.H. rt.# .t I|
today by simple declarations of regret
\ or expressions OF sympathy Tor tht
public which bears the burden.
INDt STHINL MONOPOiN.
Colouc, Roosevelt became president
| I'm September. 1901. W" then hdd
| among the multitude OF iron and steel
manufacturing Industries fog the United
States more than one hundred of aui-
i uCiont magnitude each iu Itself 70
provide reasonable competition and ar
ford the consumers reasonable Op-
portunity to supply their necessities.
A protective tariff already enabled
these home institutions to levy tribute
upon our people, aud what was then
| mammoth capitalization or rev mil
| lion dollars for the largest, had grown
largely out Of legislative favoritism,
but the wayh and means TO sudden
| riches OF fabulous volume were nat
urally avoiled OF by the constituencies
financier and a helpless public could
depend alone ON the vigilance OF ihcli
/ high officials. protective tartti
Q
| lands had fattrncd our infant indus
tries until competition az home threat
ened to relieve our consumers OF uh-
. Just burdens and on the eve OF tuio&"i
. | Roosevelt & entering upon the presi-
! dency the United states steel companN
was barely projected to the end that
r this aggregation of luStN infants WigH'
be moulded into one vast gluiton az
4 home and by thus consolidating ana
monopolizing this important industry
4 | forever levied upon the American peo-
| MIA fHtl In o
and we note that tie first three years
4 | OF President l;oosevclts adminlstra-
/ ton witnessed the consolidation and
o absorption of about ono hunured ano
. I twenty-five of these leading iuiu~il ."s
y INTO a single corporation. nation vide
p | with capitalization of fourteen mum
10 dred and forty mill uus Of dollars race
| value where no intelligent man Do
| our country today Will contend thu
= oue-fourth Of this amount was l'"f'
scented by actual investment OF mon'
- or actual property values. Yet D
was then contemplated. and mas eve
II since been practccd, that thc consum
/. ers of iron and steel iu our countrl
~ must pay prices that provide the year
a ly income on this mammoth capita
d | OF more than four times the actual I'm
IN vcstment and TO entrench TINS monrte
To- against the possibility OF coHpe io'
d few years later. and stun unoe
Is President Roosevelts admlnlstlalol
" the last remaining competitor OF suo
n stantial magnitude tthe Iennes~e
"a Coal ana iron company was "'"'' ~
Ia under the depressiuns OF q mahulRc
| tur,d panic not alone by the silcn
l. consent but by the acIual approve
IN | OF President Roosevelt Ana now d
\, we find these conditions at the clos
~ / Of the Roosevelt administrations ITO
RS ore the leading natural resource o
N ! our people that should have been con
D. served FOR the public welfare, the pro
n | duct OF which is found "A necessary I'M
.o pIcment i'm the hands Of every ma
n who toils-the hand that holds IN
d plow, the hand that Wlelds tLe naui
pc mcr, the hand that shoNeS the pane
No must an utilize this product OF ma
Nd ure. God. in his bounteous klndhes
ii never intended these ore deposlls 10
se aIoue but Intended them for the hu
At Ilau family In general
~ What other means of protection ma
~ the uoople OF this country against tn
81 [ u.urD1tion OF these products or ma
q ture other than the vigilance OF publ
n- officials high In power! In SeptempS
he 1901. these ore lands werc.slI t't ~ ~
ad owned .thcr by the government use
or In parts by a multitude OF peopl
10 In the seven and one-holf years
ms that administration We flnd thal u
ma available supplies Of iron ore nav
a. passed largely into the ownership
M he lease control OF this single man
nj ! moth corporation. so that What W.
"A ! nut a few dollars an acre in mark
n | vsiue in 1901 is rated now at thousanS
.el OF times that value ana computed
er the single ton. II conservation OF o.
natural resources Is uue ouI ~
nile today. this all important resour'
should have been protected before
er was monopollzed. The verdict OF q
se great American people today may
or that the present declarations of GO
I'D Roosevelt are from heart and MIL
'e. full OF sincerity. II that be true
I'D are left solely to regret the scales hi
'rs not fallen from his eyes few yea
earlier.
a; COLONEL ROOSEVELT NOW ID
CLARESi
~, THE use OF corporate funds. direct
80 or Indirectly, for political purpos
- must be prohibited"
~ This doctrine in the promotion
.nt honest government Is neither ne
- nor novel IL was contended Tor
p, | 1886 nv others and condemned
pa | Roosevelt II was contended for
"a every recurring congressional or pre-
80 | idential election. From that time
~ the last in 1908 and such contenu
49, during all these years was met by I
9of opposition of Colonel Roosevelt. a
nee we are not limited I'm these assertio
OF to deduction from uncertain spec,