The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1912-10-18
TWO BIC ISSUES,
SAYS GOLFERS
The Tariff and the Proper Treat
ment Of Monopo|ies.
WON'T Tie TO ROOSEVELT.
"Aetivsiy Disasrees" With His Views
About Trusts ard -Wastes of Com
petition" and Supports the Candi.
daey Of Wilson and Marshall.

/ About Trusts ard "Wastes of Com
petition" and Supports the Candi.
dacy Of Wilson and Marshall.
Golfers is out for Wilson and Mar
shall. 1t refuses to support Theodore
Roosevelt plus George W. Perkins,
Elbridge 81. Gary and the rest Of the
steel trust-harvester trust magnates.
Its open opposition to the third term
ticket was indicated imthe issue OF
Sept IA In the issue gfkSebt 21 fits
reasons for espousing tB6 Democratic
cause are clear and forceful.
The leading editorial, 1.-The Wastes OF
Competition" says:
More and more the campaign is
coming down To two pressing issues,
the tariff and the proper treatment of
monopolieS Golfers actively dis
agrees with the view of monopoly be-
ing urged by Messrs. Roosevelt. Per.
kins and Gary.
They talk a great deal about the
wastes OF competition. The necessary
wastes Of competition are relatively In.
significant, and the wastes OF unfair
and destructive competition are wholly
unnecessary. They will be largely
eliminated when competition is regu
lated
''The La Follette-Lenroot and the
Stanley bills. to perfecttthe Sherman
law and the Newlands-C -Cummins pro
posals for an interstate trade commits
sion are all directed in part to that end
The remaining wastes OF competition
may be hkened to the wastes OF de
mocracy. These are obvious, but we
4 know also that democracy has com
pensations which render 1t moro eff
cent than absolutism- So it is in in
dustry. The margin between what
men naturally do and what they car
do is SO great that the system which
urges men on to effort is the best sys
tenn.
1.-The necessary wastes of monopoly
on the other hand, are enormous. Some
Of these can, Of course, be eliminated
by regulation. An efficient interstate
trade commission. acting under appro
pirate legislation. could put an end t.
much OF the oppression of which trusts
have been guilty. 1t could prevent un
Just discrimination. It could preven
ruthless and unfair use Of power; bu
i. government commission would bt
powerleSs to secure for the people the
low prices commonly attendant upor
competition.
"As no means exist for determining
whether greater net earnings are due
to greater efficiency in management OF
to excessive profits. large net earning:
would be followed by compulsory re
duction OF prices, which in turn would
create a sense of injustice suffered
paralyze individual enterprise and pro
duce unprogressive. slipshod manage
ment The attempt TO secure low price
through price firing could proUe as i'm
potent as The statutes tohich hare s0ugh
TO protect the public In railroad rates b
limiting the diridends.
"The interstate commerce commits
sion has been invoked as On argumen
In favor OF licensing monopoly. Tha
: commission has stopped many abuses
1t has practically put an end to cor
rupt and corrupting discrimination ii
rates; II has protected the Shippe
from oppression and arrogance and in
Justice; IL has prevented unreaSOnabi,
qdUdnceS in rates: but ii has secured
In rates. except those involved in stop
ping discrimination between persons
places or articles. II has been pOIoerleS
10 reduce operating costs. and greater re
inctions in rates can come only toith re
5ucfiOns in the cost Of producing trans
p0,1GtiOp. The injustice and corruption
attending the earlier railroad perio,
were extremely serious But we mus
not forget that the stoeepfrJ reduction
b. American operating costs and rate
! belong 10 the earlier period Of competition
among railroads. In the ten years from
1889 TO 1890. while competition amoni
the railroads was active. the freigh
rate per ton per mile was gradually re
duced from .e41 to .724. The year
tS99-1900 marked the great movemen
FOR combination or community OF in
terest" in the railroad world as wei
as in the industrial world. The frugh
rate per ton per mile began TO rise. Il
each Of the eleven succeeding years |
was higher than In 1900. and In 191
Il was .75S
The deadening effect OF monopol
Is illustrated by Its arrest Of inven
! ton. The shoe machinery trus:, form
cd I'm 1900. resulted IN combining. dl
rectly and Indirectly. more than 10
shoe machinery concerns. Il seQuire