The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1912-09-18
SPEAKS in Minneapolis To-
day and Makes a Reply to
the Arguments Advanced
by Roosevelt.
GIVES HIS SCHEME
TO KILL MONOPOLY
Favors Law Regulating Com
petition and to Try Vio-
lators of Law Before the
Criminal Courts.
National News Association


MINNEAPOLIS, Sept Ex-Governor
Woodrow Wilson, Democratic, candi-
date for the presidency, arrived in
Minneapolis today and plunged into a
discussion of the trust problem. He
paid most attention to the attitude of
Theodore Roosevelt and the Progress
sives regarding the trust problem.
. In his speech Prof. Wilson said,
1.-The one proposition on which this
campaign turns is whether monopoly
is inevitable. That / deny. If mono
poly is inevitable then the thing to
do Is for the government to take hold
of monopoly and regulate it.
IF monopoly is not inevitable the
law should break it up and prevent it
forming again.
Il believe that monopoly can be
broken up. l understand that the
leaders of the Progressive party, who
have great many attractive things in
their platform, nevertheless start with
the proposition that the combinations
are inevitable and that the best we
can do is to establish an industrial
commission which will take charge of
them.
MonopoIies Not Needed.
81 deny the fundamental PROPOSE
ton. The proposed method of regu-
lating the trusts was suggested in the
inquiry by the house of representa-
=, II w D.,
Carry out their plans and you will have
given controlin the market for la
Dor which will suit these gentlemen
perfectly.
81 am not imagining these things,
and as friend of yours l am not ar
guing with you. / am telling you.
These are the actual facts of our ex-
listing industrial system. Now here is
the parting of the ways. You say, well
if we are not going to legalize the
trusts and control them, what are We
going to do? Haven't you observed
the way the trusts were built up? You
say, are you going to return to the
old fashioned competition l say no. II
Is the old fashioned competition that
enabled these men to build up com
binations. Now the alternative tG
regulating monopoly is to regulate
competition; to say that to go into a
community and sell below cost for nc
other purpose (for it can't be for the
purpose of profit) than to squeeze out
competitor shall be an offense
against the criminal law Of the United
States, and that anybody who attempts
it will have to answer at the bar of {
criminal tribunal.
1--WE have been having trials and in
vestigations by congress and we know
the processes of unrestricted competi
tion by which these men have accomp
lished the setting up of their monopo
lies and if we don't know how to stol
them, then the lawyers of this coun
telligence. l know scores Of lawyer!
who have been the intimate counsel:
of great corporations and have never
advised them to do anything illegal
but there are a great many lega
things that you can do now that will
put the little man out of business, ant
that is the reason 1 want to chang,
the law, not the lawyer. You cal
change the law and then the whole at
mosphere will clear. The lawyer will
be obliged to say, yes, my dear sir
that is a good scheme, but if you fol
low it out you will land in the peni
tentiary'"