Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-04-28

times. He referred to the promise
of the Republican party in 1908 20
reduce the tariff. its violation of-that
promise in the enactment Of the
present Payne law. and the conse-
quent overthrow of the Republican
party in 1910. He described tAe
inequalities and outrages of The
PAYNE law.
lie pointed out the fact that the
Republican protective tariff. has
been the breeder az monopoly IN the
United States. stating that the eX-
clusion Of foreign competition 10y
enormous tariff rates has lei to
combinations in nearly all domestic
industries for absolute control Of
the domestic market lie 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 az
ter wearing out the indictments
against them with ten years Of lc-
gal complications and delays; The OF.
trust, with an authorized capital VI
1o2 millions worth six times that
amount in the market, retaining
practically all It's power over the
greater portion OF the petroleum IN
dustry despite the pretended disso.u-
ton Of few months ago, the stock
having gone up since the dissolution
and Rockefeller being GO millions
richer. the tobacco trust. with over
100 millions of capital appor.ioned
among The so-called constituent
companies and still dominating the
tobacco industry In spite of the re-
cent so-called dissolution; the steel
trust. with capital of n billion and
half about n billion Of which Is
pure water. combining 10 manufac-
turing and transportation concerns,
holding the steel business pf the
country in It's grasp. the linseci
trust, combining 81 different COM
panies, with an authorized capital
Of 80 millions, controlling 81 per
cent of the linsced oil production in
the United States: the SUGAR trust.
controlling g. different companies.
with n total capital Of 1i5 millions.
controlling - 10 90 per cent of thc
product the harvester trust with
an authorized capital OF 120 mil.
lions, combining G plants, controll.
ing 20 per cent Of the industry :
wooden trus; with a caWtal Of g.
millions combining 80 plants. con.
trolling so por cent Of he business
the hide and leather trust. with y
capital of % millions with 80 rlants.
controlling about ca Fer cent Of the
industry, the thread trust, milk sp-
gar trust match trust chemical
trust, glass trust. rubber trust. fruit
trust, machinery trust, glue trust.
button trust, aud hundreds Of
other trusts with capitali7ations
ranging from TO 100 millions con-
trolling from so to SO per cent. en-
bracing almost every line of industry
and production They say" con-
tinned the speaker, that the concen-
tratlon Of industry through monopoly.
reduces waste, INTRODUCES economies.
and affects many savings In methods
OF production. That Is true IN GER.
tain point. but as a rule the people
do no. receive the benefit Of these
economies The trust usually follows
every saving by an increase Of CAPT.
tai on which II makes larger diyi.
dends and charges higher prices than
normal conditions would justify.
deny that monopoly Is either natur.
al or Just believe with the Demo
lcratic platform that II is indefeasiblo
and intolerahle' Combination NAV be
good so long as competition Is pre-
served when combination reaches
The point Of monopoly progress ceas.
es. When the spur cf competition
ceases the output rs a rule will be-
Gin 10 deteriorate and careless meth
ODDS gradually obtain, whiel the hand
of extortion will remain on the
Threats Of the masses. We are told
hy MOODY n prominent authority on
trusts that there are now In the
United States 40 Industrial. fran
chise and transportation trusts ard
that these are largely dominated by
the Rockefeller and Morgan financial
groups
Trusts and Remedies
The speaker then dwelt lpon the
consequences OF trust oppression
and extortion lie told Of the enor.
nous concentration NJ wealth In the
hands Of the privileged and protect
cd few, Of the fact that less thar
half the i6 million families in tho
! United States owned their homes
and how over 2 million American
women and nearly ? million children
were forced 10 struggle Tor life Itself
In factory and flela and shop and
mine He deplored tho fact thai
during the entire period 81 trust de
velopment and multiplication th,