The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1911-06-22

sSasR i. |. III p~sesss.ioa Sss,
NY = ,hea Over the As,enpsl
satercs the anti.trust law.
But. Il any such enormous eipen-
4nass as these items ami the stills
grssdhsincidsntal expense OF such
aaes. resi,, necessary in order to
Eimit the activftass of monopoly. If
The greed of the srest corporations
criminal. II must CONS N the same
GLASS with theft. 1t requires no>such
oets as the above to bring thieves y.
Ffustice. If 1t is right that combina-
ions should be allowed to take the
1rofts of monopoly without moles-
alton, then why poster them with
awsuits. Either they should be
made to discontinue their practices,
49,
n else no money should be squan-
Tered in the attempt. The trouble
, that congress wishes to draw a dis
fnction between these offenders and
he ordinary ones that are hustled
ID to prison. There a be no po-
lite form of taking %anybody's prop
.rty without due compensation, nor
should such a practice endow the au-
hor of it with exemption from the
|. reatment that his crime deserves.
.f congress and the administration
eally wanted to break up certain
notorious monopolies, none can
loubt that they could, easily do it.
70 play politics by prosecuting suits
lat mean nothing even If they are
yon, is merely ADDING to the burden
1.-The public. The public must pay
IN the governments costs in the
asses and, We suspect, must also pay
he costs of the trusts If it is true
hat they are at liberty to fix their
s,rices AZ they wish.
%s%
THE WATERED SUGAR TRUST.
In the course of the investigation
INTO the sugar trust, 1t was divulged
hat Henry T. Oxnard exchanged his
iugar refinery, which he valued at
1900, 900, for stock in the sugar trust
.alued at three fourths of q million
tollars. "A Washington. dispatch re-
..erring to this testimony quotes Con-
FRESHMAN Madison Of the investigat-
ng committee as follows:
Let me see," said Judge Madison,
'Oxnard, exchanged 100000 worth
Af property for s75O,o00 in stock.
The company paid Z per cent interest
rom the beginning. That gave the
lxpards $157,5OO in interest on
heir stock the three years they were
a that concern. They had already
picked up 1926, 900. The total gain
.mounts to 1852. 500. That Is pref
" good on water.
The capital stock OF the Sugar
tefineries Company was $50,OQO,-
100. Say that all OF II was watered
{ thelrate of % per cent. as the Ok
lard stock. was, what would you
s,ave1 That looks like $4,000 600
n water and $13. 100000 in proper
W.
1.-THE capitalization Of the Ameri-
an Sugar Refining Company is $780,.
300 900 now. How much of that is
water? About s66.00O.0 600"
Perhaps that figure is large. but
here Is no apparent reason for think.
ing that 1t is. It requires q good deal
81 real estate and a good many build
'ngs and q lot Of machinery to bt
worth ,so.0oo,ooo. Further. wher
Hayemeyer saw his chance to make
something out Of nothing by secur'
ing an unreasonable price for sugar
! and increasing the market value o
stock In proportion, it was but ma
turai that, being the kind OF man he
Twas he should take advantage of the
opportunity. His son yesterday OF
the witness stand defended his faith
ier by saying that he took yer :
Humber Of plants that about t.
FAIL For that reason he thought hin
q philanthropist.
A philanthropist to whom? WA:
lit a favor to the public to inject $50,