The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1912-10-31

0oe1 q Wltoo0 oso WoHohoJh
coliisras q out sos Wilson ana Mar
shall Il refuses % sappoet Theodore
Roossvslt Plus 0sorss ". Pssaina
1biidgs n. Gary and The rest Of The
steel tsusthasvsstsP trust magnatss.
: IT. opsn opposition TO the third tsru
eaokee wes Indicated In the issue q
Dspt II. In the issue Of espt u IL
seasons Tor sspousing the Democratic
cause are clear and forcsful.
The leading editorial, ''Ths Wastes
ef Competition. " says:
! More and more the campaisn q
coming down to two pressing issues,
ehs tariff and the proper treatment Of
monopolies. Golfers actively dis,
agrees With the view Of monopoly b,
ing urged BY Msssrs. Roosevelt Per-
bins and Gary.
They talk . great deal about the
wastes Of competition. The necessary
wastes Of competition are relatively
4nsignidcant and the wastes Of unfair
and destructive competition are wholly
Unnecessary. They win b LARGELY
eliminated when competition u regu,'
lated.
! The Il vollstts-Lsnroot and the
Stanley bills to perfect the Sherman
INV and the Newlands Cummins pro.
bosals for IN interstate trade commits.
Dion are ell directed In part to that
md. The remaining wastes Of compe.
elton may b liksned to the wastes Of
democracy. These are obvious, but "
know also that democracy has com.
pensations which render Il moro en-,
ctent- than absolutism. So Il u IN in.
lustry. The margin between what
men naturally do and what they can
DO 10 70 great that the system which
urges men on to effort q the best sys.
tenn. y
"The necessary wastes Of monopoly,
pn the other hand. are enormous. Some
Of these can, Of. course, be eliminated
hy regulation. An snicisnt interstate
trade Commission. acting under appro.
pirate legislation, could put IN end to
much Of the oppression Of which trusts
have b&sp guilty. Il could prevent I'M.
Just di1criminatton. II could prevent
futhles1 end unfair uss Of power; but
eoyeEpmant .zcommission would -
Powsrlefa TO secure for the people the
low prt6Sg commonly attendant upon
pompetHpn. ~.
rs M means, exist TOR Determining
whstheS greater net earnings ars due
p sreetar smeacy In ma1agsmsnt OF
% s1oss61vs prodts. largs ,nst sarningi
would = followed b. compulsory 81
auction Sf priosa which IN turn would
create 4 sense Of injustice suffered!
asaiy1a individual enterprise and pro.
Ieuoe pyprogressive, slipehod manaeo|
msat :, TIE GtteRpt to secsre Iosc
Drtess tAsos0A prics hsia0 sooxsl
prove % SSspotest a. tie stotxted
oAtcA Novs sospAs to protect to pxb!
No n totgrood ratss BY Nmltta0 az
DtvtdeSds.
The interstate commerce commits,
zion has been invoked % IN argument
p favor Of licensing monopoly. That
pommission has stopped many abuses;
y has practically put an end to cor.
Fupt and corrupting discrimination q
rates; It has protected the shipper
from oppression and arrogance and In.
Justice: It has prevented unreasonable
SAssSces In rates: but It has secured
comparatively few notable redscsiomi
IN rates, except those involved in
stopping discrimination between per
sons, places or articles. II has been
DosOerless to reduce opsrotiag costa
e16 0re0tsr sedxctions IN rates cosi
c0sss only soith reductions ~ The cost
| Of producing transportation. Tho In
Justice and corruption attending the
Sarlier railroad period were extremely
serious. But w must not forget that
tie ssoeepts0 reductions {. Axsertcos
operotts0 costs and rdtes belong to tx
ees5ter period Of competition osso.s
| N0jlro0dS. In the ten years from 1875