Weekly journal-miner. [volume] (Prescott, Ariz.) 1908-1929, 1914-05-13
WAR ON CAPITAL.

The country coming understand that bitter fight
being made in both houses of congress against capital article
and not plentiful anywhere Scores of prosecutions have been
instituted not alone capital breaking the law but
for the of breaking capital into smaller units both houses
congress struggling with bills to hedge about corporations
and restrict them that under the lure OF large pos
sbe profits cannot be TAKEN because everything to be reduced
to than per profit. On such basis with
money will risk nothing because there possible gain
them commensurate with the risks of enterprises.
Colonel Roosevelt admitted that capital feeling itself
oppressed might betake itself ender atmosphere Lloyd
George arguing for the placing of taxes wealth. said
British capital could find such favorable place referred
Colonel Roosevelt and secuted the idea that the rich might
take their money and seek investments elsewhere
Yet it fact that within the past few years Switzerland
out OF all proportion to its size and riches becoming bank
ing center lender of and promoter of
terprises
Once upon time genius prosecuted in France and
Calvin Notare and Madame De Sael fled from Paris Geneva
Now capital that feels itself prosecuted in Europe removing
Geneva Zurich and Lucerne The land of William Tell prom
Uses become second Holland the world OF finance and
matter of fact both France and England feeling the
drain Germany will feel it
The United State has forbidden fobddng combination
great of capital in certain ndustreso railroads.
packing tobacco and farm machinery for instance, and
lacking the manufacture of steel.
But capital is cosmopolitan 1t goes where is wanted
where it be safely invested with reasonable
profit The packing industry building big plants Canada and
Venezuela. 1t curang the United States; Har-
vese trust building plants Canada where get cheaper
United States and ship duty free from Canada the Unit
ed States; the Standard Oil company has
from China that with good luck should rival the powers
profits secured by the East India company the steel
developing coal and properties the Sansi province
OF China where has eighteen thousand cinnamon
in steel mills and is increasing its output year by year.
What is to us? Just this: That formerly for example
the Standard Oil sold abroad with the result that continent
paid tribute to the United States for years the steel
has been invading the markets OF every country with its finished
products Europe paid for the American labor mills
American who took the coal the
ground for the American railroad transported
the iron and the steel The the Harvester
and the packing trust smaller extent.
Now the Standard Oil company supply China potent
tally the oil market the world
the steel trust beginning ship steel from China throughout
the orient and the Pacific Vancouver for
adans the packing Of them-are shipping
ed beef to Europe and the United States with
the American stock raiser and the Harvester selling
Canada from Canadian factories Europe
But what have lost thereby? wages paid to Amer
labor and the capital brought foreign
tofoe soon will be ping up in foreign banks.
Acts of and stop at the bound
aries OF the United States is absurd suppose
capital which alone control foreign going
go It's advantage abroad when make simply
crossing the border and employing foreign labor and deposg
IFS money i'll foreign banks.
One thing this country is going learn that
don't want capital there others that do