Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-05-25

of the country. proposes the absorb
ton OF all business corporations into
a central holding company which will
handle business OF all kinds The
company will be owned by the people
and supervised by the government
Conditions have been working more
and more against the interest Of the
laborer and farmer" Matthews de-
clares in te literature he Is sending
out. 80 that now with greatly in
creased wages II Is more and more
difficult for the laborer to enjoy the
necessaries Of life, 10 say nothing Of
It's Injuries and the farmer. owing to
constantly adverse conditions receives
less than fifty per cent OF the price
the consumer pays for his produce
Il believe that this matter Is Of
such vital importance that II should
be made special issue In the com
ing presidential campaign. The ques-
ton 10 be decided is this, Shall the
farmer and laborer, the source OF all
wealth. be- allowed TO retain II OF
shall the trusts and non-prodn'ers Dc
allowed 20 basorb II?
The farmer and the laborer nave
An incalculable amount OF potehtial
mower If they can be- made to realize
In and 10 demand that such changes
be made as shall give them better
opportunties Their votes can de
eide any election and their influence
|can bring success TO the party mat
will espouse their cause and advocate
those things that conditions demand
"A recent letter from prominent
man In the East strikes the Keynote
of the situation ~ takes no great
mind 10 realize that there Is trouble
ahead for the American people the
writer saws. unless something OF p
practical nature like your plah rs
forthcoming to bring about harmony
between capital and labor. The won
derful success Of our country In one
hundred wears is due 70 the fact that
Americans have always responded
.uickly to'a great idea The times
are ripe for Just such a scheme
The expression Of this writer IS
I'm line with what other thinking men
have written In regard TO my plan.
They an realize that some change
must be made that will be- radical
enough 10 give results and which Is
"a, the same time conservative enough
to be- carried ont without causing
/ business disaster
q chanro Of conditions which
would put the conduct Of all business
into the hands Of the people. II car
ried ont al once. would mean re,olu-
|tiou. but the change can be- brought
iabout gradually without causing in
convenience and serious loss TO any
one There are certain outstanding
oJ legations such as bonds and leases
that could not Dee cancelled az one,
without great loss
Therefore. In order that such q
change may be equitable 20 all !
would allow p years for the oven
Itual contamination OF the plan But
some action should be taken on the
I plan az once so that conditions could
be- Immediately ameliorated The
/ first step should be to make proSis-
ion for all existing corporations. and
Ian which may be organized In the
future to operate under Federal Char
tcrs. limiting their capital and term
OF existence. Every corporation
should then be required 20 put aside
. Ia per cent 10 a sinking fund.
which would be sufficiently large AZ
stockholders OF the corporation a.
the end OF % years TO reimburse the
par when the corporations is absorb
I'd by the Eota Company. the Cen
trail concern Under present condi-
tions this sum would not be- felt 10y
the public.
The organization OF the Eota
company. Nhith should also operate
under a Federal charter. could be
started as soon as practicable so as
10 hot interfere with other business.
u and all other corporations should
i Dc controlled by Federal commits
son which would regulate prices. sal
aries % officials. rates Of interest and
.snch matters
The result would be gradual alb
sorGtion Of the business Of the ooun-
Try by a company In which every one
cared 70 do so could invest and get
their share OF the profits Moreover
re operation Of such a company
Mould make for economy IN such a
degree that the price Of commodities