The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1912-10-04
TWO BIG ISSUES,
SAYS GOLFERS
The Tariff and the Proper Treat
mGnt Of MOnOpOIieS.
WON'T TIE TO ROOSEVELT.
"AetiveIy Disagrees" With His Views
About Trusts and "Wastes of Com
petition" and Supports the Candi-
daey of Wilson and Marshall.

petition" and Supports the candi-
dacy of Wilson and Marshall.
Golfers is out for Wilson and Mar
SHALL 1t refuses to support Theodore
Roosevelt, plus George w. Perkins,
Elbridge II. Gary and the rest Of the
steel trust-harvester trust magnates.
Its open opposition to the third term
ticket was indicated in the issue of
Sept IA. In the issue of Sept. q its
reasons for espousing the Democratic
cause are clear and forceful.
The leading editorial, THE Wastes of
Competition" says:
More and more the campaign is
coming down to two pressing issues,
the tariff and the proper treatment Of
monopolies. Golfers actively dis
agrees with the view of monopoly be-
ing urged by Messrs. Roosevelt, Per
kins and Gary.
"They talk a great deal about the
wastes of competition. The necessary
wastes of competition are relatively in
significant, and the wastes of unfair
and destructive competition are wholly
unnecessary. They will be largely
eliminated when competition is regu-
lated.
"The La Follette-Lenroot and the
Stanley bills to perfect the Sherman
law and the Newlands-Cummins pro-
posals for an interstate trade commits
sion are all directed in part to that end.
The remaining wastes of competition
may be likened to the wastes of de-
mocracy. These are obvious, but we
know also that democracy has COM
pensations which render it more eff
cient than absolutism. So it is in in
dustry. The margin between what
men naturally do and what they can
do is 50 great that the system which
urges men on to effort is the best sys-
tenn.
1.-THE necessary wastes of monopoly,
on the other hand, are enormous. Some
of these can, of course, be eliminated
by regulation. An efficient interstate
trade commission, acting under appro-
pirate legislation, could put an end to
much Of the oppression Of which trusts
have been guilty 1t could prevent un-
just discrimination. 1t could prevent
ruthless and unfair use of power; but
q government commission would be
powerless to secure for the people the
low prices commonly attendant upon
competition.
"As no means exist for determining
whether greater net earnings are due
to greater efficiency in management or
to excessive profits, large net earnings
would be followed by compulsory re-
duction of prices, which in turn would
create sense Of injustice suffered,
paralyze individual enterprise and pro-
duce unprogressiye, slipshod manage
ment. The attempt to secure I0t1 prices
through price fring loOnld proUe as I'M
potent as the statutes qchioh hare sought
to protect the public In railroad rates bD
limiting the dtUidends.
"The interstate commerce commits.
sion has been invoked as an argument
in favor Of licensing monopoly That
commission has stopped many abuses;
it has practically put an end to cor
rupt and corrupting discrimination in
rates; IT has protected the shipper
from oppression and arrogance and in
justice; 1t has prevented unreasonable
advances in rates; but 1t has secured