The weekly chieftain. [volume] (Vinita, Craig County, Okla.) 1905-1913, 1912-10-04

CdiAlcu Ouks anu tHcu DFOlHeI HefklnS.
and men of his iIk. viii be engaged in
defending themselves in the civil and
criminal courts of the United States.
They will be too busy to be either
nominating or electing presidents.
Right here ! want to stick a pin.
have just stated why Governor VIII
sons utteranees do not satisfy Per
kins Let me tell you out of Perkins
own mouth why Roosevelts declara-
tion pleases him
Mr.. Perkins stated. on August 5th.
1912, in the Chicago Evening Post:
THE Roosevelt trust proposition.
in opposition to that OF Senator La
Toilette, is that the big corporation
is the natural development Of indus.
try. Senator LaFollette on the other
hand, has adopted the view that the
only hope of getting fair treatment
for the consumer is to keep business
in small units and trust to competi-
tion''
| In other words. Roosevelt. the pre-
tended enemy of trusts and Perkins.
the organizer and manager of trusts,
are in complete accord
The question then is, whether
policy regarding the trusts which is
advocated by the trust creators and
proprietors themselves is a wholesome
one for the country.
Perkins attempt to advise the peo-
pie of the United States as to the kind
of laws they ought to have for the
suppression of the trusts could only
be paralleled in it's insolence by an
association of highwaymen insisting
upon revising the code relating to rob-
berry.
Perkins says that the trust is a de-
velopment of nature (natural develop
ment) on the contrary, it is the prod
uct of criminality. Every trust in the
world was born of avarice.
No man ever organized a trust who
did not want to deprive the people of
the opportunity to buy in a fair and
open market
The only conceivable purpose for
creating monopoly is to extort
money from the people by taking adj
vantage of their necessities
If Brother Perkins and men of his
ilk could by any possibility fence in
all the waters of the country, stop all
Of the wells, and retail water to a
starving people at a dollar glass, |
Perkins would rise up in meeting and
assert that this was only natural
development, and he would find an
other Roosevelt to stand as the candi-
date on his platform.
Well, Perkins did organize the Har-
vester Trust, and it is charged and !
has never been denied successfully, |
that he sells agricultural implements
in foreign countries cheaper than he
sells them to the American farmer. /
He is fine gentleman to appoint him !
self guardian ad litem for the con-
sumers.
| notice that this trust in 1907
jumped it's capital stock from $S0S0,-
458.00 to a total of $15,421 ,398.00 in
1911. VIII Brother Perkins, after he
has finished singing the garbled yer-
sion of the good old hymn Onward
Christian Soldiers!" which was roared
by the bawling voices of thousand
Bull Moosers at the convention while
Roosevelt stood on a chair and waved
a red bandanna, please enlighteen us
as to how much of this increased capi-
tai stock was water-how much of the
capital stock is based upon the monop-
olistic power of his concern to extort
exorbitant prices for agricultural inn
plements from the American farmer?
1t may be very wicked to refer to it,
but I notice. in passing. that in 18Th
this monopoly earned dividents of
25.S7 per cent on it's preferred stock,
and 14.15 per cent on it's common
stock
In 1910, it did a little better: that
year the preferred netted 26.S1 per
'ent, and the common 1885 per cent
In 1909 the concern was also pros
lering; it paid 24S2 per cent on its
stock and 1882 per cent on
IS common stock.
Prior to 1907 the capitalization of
his concern, as have said, was about
8 S,O00,0OO.OO, and prior to that year
he institution had earned dividends
S follows: =
900, upon all its stock, common and
referred, 6.54 per cent; 1905. 6.2S per
ent 1904. All per cent; 1903, with
apital of 1854 ,1S4OO, it paid a divi-
end of only 40 per cent It did rot
ave monopoly until 1907,
The people will be able to appreci-