The Washington times., 1912-09-20

men who will be able to understand
and supervise and, regulate the busi-
ness of those great Industrial" corpora
tions. - 5.' '..
49,. 49, To Abolish Monopoly.
Some, Of Mr.. Wilson's supporters have
said that oir. proposal is to "legalize
monopoly and his tot:regnlate com
petition On the contrary, our pro-
posal is to abolish monopoly and to re-
store competition where possible, and
where this is not possible then absolute
Iy,, to control the monopoly in the in
terest Of the general public. =, His pro-
posal is in effect to leave the present
system unchanged; and the present sys-
tenn has just resulted in legalizing the
monopoly of the Standard Oil and To-
bacco trusts. Substantially this has
been the sole result. the only result
proposal is to do precisely nothing; his
proposal is to continue In exactly the
same course that the Taft Administra-
tion Is now continuing; for the Diner
ocratic platforms on this matter are
merely differences Of sound and fury,
and not of sense.
Mr.. Wilson's proposal is to regulate
tHe'pvtR the way the Standard Oil and Tobacco
trusts were "dissolved.' You know the
prayer in Wall Street now is. Give us
another dissolution" Wall street likes
to have its property dissolved IN thai thai
has been accompanied by great rise IN
the value of the stocks, has legalized
monopoly, and has conferred upon tne
trust magnates the great boon OF pc
ing fortified by the law in their in
trenchments.
To Continue Conditions.
On the contrary. the proposal OF the
Progressives is to put stop to the
continuance OF the Taft-Wilson program
of further legalization of monopoly un.
der the guise of make-believe assault
on monopoly. We propose by admins
trative action to control the conditions
which, IL left uncontrolled, lead to mo-
nopoly. We propose to restore COM
petition where possible. But where this
Is not possible, we propose to have
| real remedy instead of a sham remedy
The talk about really controlling the
| trusts by regulating competition merely
by lawsuits along the lines of the anti
trust law, or of any amendment pro-
posed to 1t by the Stanle: committee or
| by any one else-all such talk Is the
veriest nonsense. The proposals in the
| Democratic platform. so far as they
could be enacted into law, would be
of no help whatever. They would no,
change the present situation one little
| bit, except for the worse.
| There Is not Wall Street man en-,
gagged in big bushes of the kind tt
which our people object. there Is not 9
| trust magnate who doesn't regard with
| utter derision the talk of interfering
with monopolies along the lines indi
Gated by Mr.. Wilson and his supporters
The only thing they fear Is the kind Of
regulation that we Progressives pro
pose to give them. Mr.. Wilson's pro
posals are entirely satisfactory to them
| quite as satisfactory as the actions o
the present Administration: indeed, Mr.
| Wilson's proposals are SO vague tina
| they can hardly be called proposals atall
| and the proposals of his supporters arr
| either impracticable to adopt, or, II prac
ticable, would work no real change II
| the present conditions. Accordingly thu
enormous majority of the Wall Stree
| men who have been guilty OF the OBJ
| noxious practices in connection Will
trusts, having given up the hope o
electing Mr.. Taft, are. now supporting
Mr.. Wilson; for they. dread us as thei
only real foes. and know that the poll