East Oregonian : E.O. (Pendleton, OR) 1888-current, 1912-10-11
GEO. W. PERKINS Is
BACK or PROGRESSIyES
(By Rudolph Spreckles, President of
the Wilson-Marshall National Pro-
greSSiYe Republican T.aapua

(By Rudolph Spreckles, President of
the Wilson Marshall National Pro-
gressiye Republican League.)
New York.--AsNery prominent pro-
inoter of industrial and financial
trusts, Geo. w Perkins. is again ac-
lively in the field: This time, how
ever he is usiag dis talent to Bring
about the organization of a political
thlrd party through which he homes
no doubt, to control the machinery
of government in an effort to lesalize
the monopolies he has helped to GRE
ate. Having had success in forming
many great trusts and in unloading.
their hundreds OF millions of watered
stock upon the public, this man Is
encouraged into believing that he can
capitalize public opinion through the
formation of a political corporation.
To which he has given the misleading
name - Progressive Party - which
name was undoubtedly chosen in the
nope that it would bring support for
MS 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
speeches. claim to all the wisdom
on earth, and are: now endeavorjng
TO unload their, nver-yalued political
stock upon the unsuspecting voter
by inviting alto Join the progressive
party, the control of Which, like the
control of the great Industrial and
financial trusts. will be retained by
the promoters '
Regulated MONOPOLY as oroposed by
the progressive party would. under
any kind of government. place the
burden of high. prices more firmly
upon our peoples but imagine how
much more serious a hardship such
law would lead to if the people
voted Mr.. Perkins into control over
our government by electing his friend
and political partner, Roosevelt to
the presidency. Every one admits
that our best and most useful citizens
are those who toll and produce by
their individual efforts building up
independent business enterprises that
are in keeping with the American
spirit, which demands equal opportu-
nifty; yet Perkins and his kind are
seeking to foist upon the people a
scheme for legaiized monopoly which
must in short time drive out the
small manufacturer and the small
business man. until in the end we
will become nation of hired men.
and very few men indeed will con-
/ trol the wealth and government of
our nation. and conditions for the
workingman witt become more diff
cult.
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,
and each combination has yielded mil
lions of unearned Welath to promot-
erS and financiers. like Perkins, and
| this promotion stock is one of the
fixed charges upon which these trusts
have been obliged to make earnings.
Besides it will be admitted that. in
their formation. many times more Sc
curlties have been issued than were
represented by actual value of the
various businesses acquired by these
trusts, and to make earnings upon
this 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 unbearable.
Governmental supervision of COM
petition as proposed by the democrat
ic party will correct the evil of over
cap talizaiOn and make such manipu-
lations impossible in the future. be-
cause the small manufacturer or bus
mess man will be protected against
the present system which permits
trusts to cut prices in the territory
Of their competitors until that COM
petitors capital has been lost to him,
or he consents to sell out to the trust,
and then the price to the consumer
s aga'n put up sufficiently high to
bring back the loss made by the trust
during the fight. plus earnings on its
over capitalization.
Regulated competition will give ev-
cry man with brain and energy an
opportunity to go into business for
himself and enjoy the fruits of his
labor without fear of being ruined
by organized wealth unfairly putting
prices down below cost for the sole
purpose of driving him out of busi-
ness as is being done now and
which Roosevelt and Perkins pur-
poses to legalize If they are success
ful in the coming election,