The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1912-04-27

( cluS10n OF foreign cOmpetIFloH DY
enormous tariff rates has led to
combinations in nearly all domestic
industries for absolute control of
the domestic market. He enumer-
ated some of the most powerful
trusts, notably the beef trust con-
trolling the entire domestic market.
/ its leaders so influential that they
had finally escaped punishment af-
ter wearing out the indictments
against them with ten years of legal
complications and delays; the oil.
| trust, with an authorized capital of
102 millions. worth six times thai
amount in the market, retaining
practically all its power over the
greater portion of the petroleum
industry despite the pretended dis
solution of few months ago, the
stock having gone up since the dis
solution ard Rockefeller being 60
millions richer: the tobacco trust,
with over 100 millions of capital,
constituent companies and still
dominating the tobacco industry in
spite of the recent so-called dissoiu-
ton; the steel trust, with carital
of a billion and a half, about bill
lion of which is pure water, crm- I
bining 10 manufacturing and trans
portation concerns, holding the steel .
business of the country ir its grasp: +.
the linseed trust, combining ! diff
ferent companies, with an authoriz-
IS per cent of the linseed oil pro-
iuction in the United States; the +,
sugar trust, controlling So different ;
with total capital of :
"A Is millions. controlling 10 per 9
o 80 per cent of the product; the !.
trust, with an authorized :
apital of 100 millions, combining !,
lants, controlling 10 per cent of ;.
he industry: the WOODEN trust vita
capital of SIS per millions, combin-
lg 80 plants, controlling 60 per
mt of the industry; the thread :.
ust. milk sugar trust match trust, !.
emical trust, glass trust. rubber =
ust, fruit trust, machinery trust. a
he trust, button trust and hun 60
eds of other trusts with capitali- -
tons ranging from to 100 mil io
ms, controlling from so to so per tie
ut embracing almost every line nle
industry andd production. az
The speaker then dwelt upon the
sequences of trust oppression -
| extortion. He told of the enor-
US concentration of wealth in the
ids of the privileged and protect 20
few, of the fact that less than ehf
+ the 16 million families in the eh.
ted States owned their homes,
~. o,,or ,illfor Anaricans tro
men and nearly million children TER
e forced to struggle for life itself quo
factory and field and shop and iir'
le He deplored the fact that He
ing the entire period of trust de- Del
opment and manipulation the pr
.eral antitrust law had been in ev
aration with civil and criminal IN
axisitSas ufficiently strong 70 3
- ahont the dissolution OF every
end 49,. Imprisonment OF
j MIA fiagers, and yet not one trust p
I'd been permanently or actually 81
nor has one trust magnate =
en- imprisoned. He referred to the 81
,ffsctual dissolution of the tobac- pi
and oil trusts. to the official dec. on
alton by the courts that they su
re trusts, and to the failure OIL M
government to indict the own WI
He added: 81 say that a trust
gnate who raises the price of an co
icle of necessity and drives mil ia
MS Of the poor to actual want is
much thief as if he had put his tn
nd in the pockets Of an individual tn
d taken his last penny" Mr.. as
eppard then quoted the various III
needles for the trust situation en- pi
died in the last national Demo p'
attic platform, namely, free list for tc
ust made goods. law against dup p
cation Of directors, license system @
hich would not interfere with state h
gifts. and law compelling sales to r
II purchasers on equal terms, ana e
aid that he considered these RENE a
les far preferable to either the fed
raj Incorporation or federal com
mission plan He said that he las
wo plans would lead to a danger 4
rus Capitalization OF power at WASH
would obliterate the juris- y
fiction and power OF states over IN
-erstate corporations and leave the
states practically at the merry 0, Z
federal power.
1T is evident that the regulation
OF monopoly" he said, is the form
which the struggle between the pe5-
pie on one side and special privl-
lege on the other has assumed at the
present time, and that II is one Of
the overmastering questions Of the
day" He said It was abso' utely es-
senual to the impartial and just So
luton OF this question that the peo-
pies representatives should be alb
solutely removed from all faint and