The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-12-21

Page Seven.
TALLY applied in the OF very important branch
of industry-where the evil overwhelmingly ap-
parent that the remedy suggested tse In this the
principal OF the law has already been established Be-
cause has been applied all industry the
OF the Money Power towards its goal has not swerved
Its monopoly OF the railroads longer being OF
account of the anti-rebating law 1t accomplished in
short order the monopozaon OF the banking
of the nation Consequently today Money Power has
far greater co fer oppression and in Its
control OF money and credit and growing much
than when its chief the pow to dscrimi
nate railroad rates.
The application Of the equal price law to all indus
try will the further OF the Money Power
and. furthermore. will place in its place the
handmaiden industry rather master. Indus
try founded the equal price law would naturally be
managed under the conditions growing Of efficiency
competition. Efficiency competition existing under
government, that is efficiently will enable direct
ing and directed labor according individual ability
obtain its fair share OF the products industry
encourage all to become thriter by allowing the
individual instinct in that direction full play through
ownership of the things upon which nves
ties issued.
Efficiency competition will have to be world wide
in its Until is however the country in which
it develops first will have to protect itself against those
countries in which special privlegethe Of the
larger purchaser-stin controls industry lnasmuch
the countries the world today all the basis Of
special privilege country tries protect ito special
privilege from that of others through protective tariff
imports. The country that first adopts efficiency
competition will have protect the growth natural
privilege within ITS boundaries by protective tariff
upon the imports countries In which special priv
lege continues to exist Insured Of fair competition
Within such country viii have to protect it from
fair competition from without.
The protective tariff Of q country in which effi-
cheney competition IL we'll founded could be . very sim.
pie document. 1t needs to contain hardly than
the expression OF the equal price law applied imports
competing with products OF that nation. That is.
imported articles not be sold the port entry
for than the price paid such articles OF
home production. Such a tariff however should apply
only those things that controlled the principle
OF special privilege in the countries from which they
The application Of the equal price law and the con-
sequent establishment Of efficiency competition in the
important countries Of the earth would eliminate
great extent danger Of by destroying it, main In
centve special privilege Russia and japan fought out
war; dsastrously sxpensive in tho lives sacridoed ~
amicable settlement to which particular
national business interest should develop Korea a1l
Manchurta was impossible. long Russia felt Il
could prevail in war. France and Germany have bssn
at daggers points for tho question
which nation shall have the right Of in the Asvs,op
ment Of Moroccos great resources by their respective
big business interests italy is at Win Turkey
In order to obtain possession Of tho rich province
Trfpo for its business interests England maintains
the twopower standard for her order protect
her business interests in tho enjoyment Of their ls
with tho people of the onehird Of tho land surface
the earth she has prs-empted In tho United States
there is talk Of dollar diplomacy and stronger army
and navy to back it up.
All this, however. il for special privilege which 10
world in it, sway 1t 10 special privilege that
always the lookout for lands develop and
peoples to exploit. All tho great nations Of tho world
have their money powers. France and Germany are
settling their expansion policies Of tho court Of
war because the great money powers OF Europe win
allow them to be settled in other way 1t present.
Because Of tho strained relations existing
France and Germany and their influence tho money
powers Of those respective on those
Of Russia Austria and England. Italy's money power
has felt bold to that country its var
rtorial aggression against Turkey. The money powers
Of the other countries are too concerned with what
might happen between France and Germany to attempt
to curb tays attempt to expand its range the
velopment Of special privilege by its big business
terests.
Go back through the history Of war and it win bs
found that special privilege like thread Of blood
meets one war with another. Apply worldwide the law
that will eliminate special privilege and the danger
further will be greatly unlimited. BY the sppli
cation Of such economic law might be done to
limit and decrease the high charge their
upkeep and increase than ten Hague tribunals.
When capitals special privilege and that Of labor
done away with and both brought under the
workings of efficiency competition the b.
tween these two forces will When 1t 10 estab-
lished that efficiency the law Of value tho functions
OF capital and directed and directing labor will insvta
cheney attanable When all striving efficiency
under form Of competition that awards fair and
equitable distribution of the fruits thereof men will mt