The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1912-10-07
GEORGE PERKINS
TRUST PROMOTER
President of the Wilson.Marshall Ma
tionaI Progressive Republican
League.
BY RuooLPH sPREcKELs.

BY RUDOLPH sPREckELs.
New York, Oct. IA very promi-
nent promoter of industrial and finan-
cial trusts, Mr.. George w. Perkins, is
again actively in the field This time,
however, he is using his talent to
bring about the organization of a po-
litical party through which he hopes,
no doubt, to control the machinery of
government in an effort to legalize the
monopolies he has helped to create.
Having had success in forming many
great trusts, and in unloading their
hundreds of millions Of watered stock
upon the public, this man is encour-
aged into believing that he can capi-
talize public opinion through the for
nation Of a political corporation, to
which he has given the misleading
name Progressive Party - which
name was undoubtedly chosen in the
hope that it would bring support for
his party from the masses among
whom the progressive sentiment is
strong
This new party of Roosevelt, Per-
kins ct al. is putting forth through the
daily press, and through public
gpeeches, claim to all the wisdom on
earth, and are now endeavoring to un-
load their over-valued political stock
upon the unsuspecting voter, by inyit-
ling all to join the Progressive Party,
the control of which, like the control
of the great industrial and financial
trusts, will be retained by the pro-
moters
Regulated monopoly as proposed by
the Progressive Party would, under
any kind of government, place the bur
den of high prices more firmly upon
our people, but imagine how much
more serious a hardship such a law
would lead to, if the people voted Mr..
Perkins into control over our govern
lment by eleeting his friend and politi-
cal partner, Roosevelt, to the presi-
ldency. Every one admits that our best
and most useful citizens, are those who
Itoil and produce by their individual eff
Iforts, building UP independent business
enterprises that are in keeping with
the American spirit, which demands
equal opportunity; yet Perkins and his
kind are seeking to foist upon the peo-
Iple a scheme for legalized monopoly
which must in short time drive out
Ismall manufacturer and the small bus
Iiness man, until in the end we will be-
come nation of hired men, and few
men indeed will control the wealth
and government of our nation, and
conditions for the workingman will
become more difficult.
In the past ten years we have seen
a growing unrest in this country, and
there are reasons for it. An ever in
creasing number of trusts have
brought into combination thousands
of heretofore independent businesses,
land each combination has yielded mil
lions of unearned wealth to promoters
and financiers like Perkins, and this
promotion stock is one of the fixed
tcharges upon which these trusts have
been obliged to make earnings. Be-
sides, it will be admitted that in their
formation, many times more securi-
ties have been issued than were repre-
sented by actual value of the various
businesses acquired by these trusts,
and to make earnings upon this over
capitalization, which has been the
means of creating false wealth for the
few, tribute has been levied upon
the whole people of this nation, until
the average man finds his burden un-
bearable.
/ Governmental supervision OF COM
petition as proposed by the democratic
party will correct the evil of over-cap-
italization and make such manipula-
tions impossible in the future, because
the small manufacturer or business
man will be protected against the
present system which permits trusts
to cut prices in the territory of their
competitors until that competitions
capital has been lost to him, or he con-
sents to sell out to the trust, and then
the price to the consumer is again put
up sufficiently high to bring back the
loss made by the trust during the fight,
plus earnings on its oyer-captaliza'
ton
Regulated competition will give ey.
cry man with brain and energy an op-
portunity to go into business for him
self and enjoy the fruits Of his labor