The evening world., 1913-05-10
MONOPOuST|C|DEA
proven AFA|LURE,
SAYS BRANDE|S
peoples Lawyer" Explains
Decline of New Haven
Railroad System.
BLAMES MONEY TRUST.
Grabbed Everything 1t Want.
ed, Despite Laws; Lost Be-
cause Of Wrong Basic Idea"
BLAMES MONEY TRUST.
Rsasssa 1sDsssa,ly fss ne 1vs.iAg
Vog1A
Dv Louis d. Bv0ndets.

Vuasssa Especially fee 1As Sweating
Il. vera
Dv Louie D. Bvandets.
WARRINGTON. May 1910 me the
Msst signiAoant fact in the New York.
New Haven and Hartford Railroad In
vestiOatlen 10 its demonstration Of the
failure Of tAs monopolIstio idea. 1t pre-
seats within the compass Of ten years
. development Of an absolute trans.
portatisn monopoly In a great and pros
Ssseus section Of the country attended
~ most serious decline In the ef.
cheney and prosperity Of that transpor-
tation system.
In no ne Nsw Haven was properly
recognised a. one Of the most sound
40 prosperous railroad properties In the
wsslA II had an unbroksn record OF
prospsrity covering . generation. Then
u sntsrsd upon an aggressive policy OF
0oaooolisation. and In the course OF ten
ysAn practically every desire Of the
maasvsmsnt In acquisition OF compet:.
tors vas carried out. Neither State nor
FEDERAL laws appeared TO restrict them
In their plans Of expansion. The supply
Of new capital was immense.
PROPERTY WEAKENED oEspiTe
FINANCIAL BRAINS.
A. the close Of the ten year period
~ have . property Of greatly lesscned
s0cisney. Of weakened stability and
marks4ay impaired prosperity. During
All thls time TIE property has had
Q maaaesmsnt which has been gen
; seajly accepted throughout the country
~ eabrseias the best financial brains
~ saesrisnes Of America. Ts what
- Tie failure - due except - the
bAeutiQA 50 fSaAamsatsiiy fatal pol.
seS-eSe ptlleT Of monopoly which r.
nsvas ~ tssss Of sfacisacy and all In.
eeat1vs 70 sncisacy--a policy which In
vsoved the creation Of unit q such
isaeeogoVe 0iss that the possibility Q!
e0cieot Management Was eemovsdf
Ths decline Of the New Haven was
aue ia disregard Of Memorable laws.
y,sst ne fundaasntsl law OF Susinesa
vh)eA has rsceGnissd the nssd Of comps-
1890 ~ IN Incentive to sfnoisat action;
sooool. that fundamental Law Of human
nature which recognises the limitations
q man. namely. that there 70 . limit
= he amount or Number Of things
, WAlGh any man Or body of men can
aesemplish OF DO we'll; third. the insx.
orable Law Of arithmetic BY which two
- two viii always make four. despite
resorts q prssideuts and financial ad.
vieoss who insist o. stretching II intc
: .AvA.
The New Haven MANAGEMENT has dis.
se0ns1sd likewise other laws. 1t ignored
I, IT, lAWs ef Massachusetts, which pro
I hlhlts1 Il from acquiring trolley linei
/. n hat STATE and the Boston and Main,
The issue Of many OF the bonds ant
Goosks that have come on the market
yAs company proceeded 10 its procesi
- meneoolisstion - II Censrsss hat
ooVoe passed the Sherman Anu.Tsus
set nor the Supreme Court had never
ila1e ths Northern Securities dec,sion.
a10MAcg ~ CONTROL OF
"a WEALTH ~ 4 FEW.
The story OF the New Haven shouls
- IN Ooject lesson TO those who hAv,
booooved IN The n,onarohicai principle o
buplusss. who believe that the business
thjaking and financial guidance Of tn
gtbat enterprises Of all the country cal
safely ~ committed 10 . few men. Tn
New Haven management has been con
tinuousiy In the undisputed control o
. NV men,. p. Morgan q Co. an
thoee Of whom they approved. All tn
} ~ n "A