Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-09-30
AIM HAS BEEN TO
PROTECT SMALLER
BUSINESS MAN
SAYS TAFT
Monopoly Combinations II.
legal and Policy Is to
Smash Them, President De.
clares in Interview.
EXPLAINS vET0Es OF
P0P.GUN TARIFF BILLS

lcNcry confidence that I will receive
the support uf the great army " busi-
ness men IN this country. ana Of that
| large portion OF labor which n en-
! pluyrd hy these comparatively small
/ ct concerns ana industries said
\ President TAFT when asked 90 explain
/ his confidence tor the benefit OF tho
readers of American Industries.
American business men. whether
engaged in retail wholealo ana job
hing business. or he manufacturing.
have an been working largely toward
tho Same oEd. but thcS have been acc
tuatcd by Two distinct motives ono
wholly legitimate aud proper. tho
other illcEltimulr. being made fo by
the prohibitions oi the sherman ANTI
trust law.
"rhc tendency ot modern business
huH been toward combination OF oupi-
tat and plants Many have followed
this tendency solely With the purpose
ut decreasing tho cost OF production
aud the cost ot conducting their BUSH
ness, ana in that they have been por-
fcCily legitimate and have played an
important part IN our Industrial de
vclOpmcnt Others. however. taking
advantage ot this general tendency.
have sought tu carry their cumbina-
lions so far 1s Go assure Thorn "a mo-
uupuly ut their Industries or lines OF
business monopoly which would en-
abl" them tu iiN prices. not alone 10
the consumer but often on that which
u the raw material OF the smaller
business man ana manufacturer. al "a
point which would yield to those who
controlled the industry what they
might themselves regard as 1 salts
factory profit, Ms policy has been
perfectly consistent aud undertaking.
have maintained ana the supreme
court has ughcld my contention. that
combinations effected with the pur-
pos, Of acquiring q monopoly were D.
legal. And when the department Of
justice has acquired evidence Of such
au intent have instructed IL to bring
suit and. 10 the cNidrnc, warranted DO.
to institute criminal proceedings
I'm this policy ha,, bccu promot-
ms the interests ut the great majority
uf the comparatively smaller business
urn and manufacturers ut tho ,uun-
ny and ot their great army OF ,m-
liloNvs. The number uf volCvIus ur-
wv N'' wv IN''iNNN'' I'NIN" N'N NIlt NNlANf
trust law is Nct, small when cunpar-
ID with Tho great number of pro-
duccrs ana manufacturers aud bust
uessmcu m this country whose I'M
tcrcsts are promoted hy the strict ana
impartial enforcement of that law.
The aggregate capital ~ the cumpar
miNcly smaller businessmen. pruduc-
'rs ard manufacturer viii far ok
coed that 90 the so-cRilcd trusts. or
those who may hc tempted to form
trusts, ana the employees ut the form
"r viii tar exceed those of the luttcf
Aud these smaller businessmen and
their employees represent the bone ANA
sincw of the uuust,y ut the United
States To them look Tor support
Ia tho coming election bvcaus, /
have served faithfully aud have safe
guarded their interests against those
who, actuHt"d solely 10, rclfshuuss.
would have Injured them.
This arms ct comparatively small
manufacturers. producers and husi-
ness men would br the first Geo suffer
from thc federal depression which
would Inevitably follow the victor, of
Those VINO oppose protection aud az
Nucutc measures Vhiyh ran the gImut
from radical tariff reduction ITO uh.
sulute lrcr trade. Th,y arr th, ones
who would have suffered most lrura
the ouartmcu, at the 300 considered
tariff bills PASSED hy the Democrats
Aud they would suffer severely from
the uncontrolled combination of bust
ncs, which D. prohibited los the Shor-
mau Law.
Tho employees of these smaller by
comparison, businessmen, producers
and manufacturer are generally ON
friendly terms with their employers
They rcaliS" that their Interests aud
those ui their employers are INSOFAR
able, that the depression which would
iniurr their employers aud ouriau
their Eusi,ss would rob the employees
OF work, aud so I believe they also
VIII support the Republican ticket in
November.
They, both employees aud employ
crs alike. are Intelligent men. They
must realize that Il was ~ their in
tercst ospcciallY that vetoed the
pop-Eun tariff bills OF tho last two
sessions 80 congress. Take the steel
hin, for example lis pussngc would
not seriously have affected tho steel
/
Is would have ruined hundreds of tho
smaller manufacturers. A. I sought
10 make plain In my veto message,
there were 2f5 Industrial concerns,
scattered through eighteen states,
which would have heon seriously In
iurcd by tho Democratic bill Many
Representatives of organized labor tess
tiflei that they would be- seriously In
iurrd hy its passage ana urged wo
90 aisapprove n, Take the wunu-
fncturers of machine tools alone.
There were 225 Of them who testified
that the provision placing machine
tools ON the free list would compel
them 60 close their factories aud To
throw an their employees oul OF worh.
"Of course people who are not di-
rectly Interested have vague inn
preston that an steel bill affected
only one big corporation engaged Ia
the production Ot pig son aud steel
but the fact b. that the steel bili at
fcoted other Industries which pro-
ducc Tor more Than 90 per cent of the
| iron aud steel products Of the coun-
~ aud believe that even owner