The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-21
THE TRUST MESSAGE.

trusts is n splendid state paper an(
moro. 1t is evidence OF tho far-seeine
sanity OF tho writer and more. It s.
reinsurance TO the business OF the
country and more. IT Is much OF
brilliant nmpliication OF the Built.
more platform.
During tho presidential campaign OF
1912, the three great parties of tho
country divided over the trust ques
ton moro definitely and precisely than
over any issue presented to the Ameri-
! can people since tho days OF secession.
! There was no ground of compromise
+! between them, no room for doubt as te
| the purpose and pledges of all.
| With that careless unconcern begot-
! ten of long continuance in power tho
! Republicans proposed laisscz faire
! policy and nothing more. Their stand
| ard bearer WAS lawyer; their Wow
! point was that OF tho court Monopo-
lies, they proposed, might be born.
might grow and might wax mighty.
Never would tho law touch them until
when tho giant became unruly, he was
hailed into court and judged according
10 an outworn statute whose terms
ovcn our most learned jurists disputed.
AS opposed to this. the Prog-essives,
under the benign influence OF George
w. Perkins, wero willing to lot the
to teach him good manners, The
Democrats, with vision far keener and
purpose moro sincere, announced their
policy 10 be the restoration OF compe-
tition: They would prevent the birth
OF the giant, In short, and would give
every man WHO sought to mako an
honest living proper protection from
the club of the trust
Upon this issue. as surely az upon
the tariff and currency reform. n Dem
ocratic President was elected with n
Congress OF his own faith For nine
months that Congress under tho wise
guidance or the chief executive. has
been redeening TWO OF its pledges.
Yesterday the spokesman OF the party
called UPON his followers to solve the
,hird great problem before them In
50 doing, he explained how the faith
q the party may he made the law .:
The land
To sPp7eosa;e the magnificent sim
Tncl;y g s.r. Wilson'S trust program,
our readers mus, bear in mind ths
p~ouNa- eoaditons unde7 which tho
trusts have developed unusua, bust
ness As.,lty. improved methods o: pro-
due;to2 ana great economic awakea-
me@; sc a2s alone responsible There
has seer .; O-crE = subtle Force. often
intangible sometimes unacceptable,
but alNays ro,e-:-tkat force which
for lac, 81 = better aaue, scrae have
styled the money trust
This is the backbone o. Cur gsra-.
tic industrial corporations: this. 10
change the ngu.e. he fou-da;io. -7oa
which all ere bui.r !, has tes- -.
cause the srea, capitalists % - e3ra
Try have had Investments IL ~ sz-.
corporations, controlled tA4 szr. e.a-.
nels Of credit and dominated --s sz-=
Industries that these corporations haze
become menace The same group 2:
mes, as the presider: stz.es IL Ais
message, have been able 70 meet around
one table and 10 loaa meaey. ~h.ch. a,
another. they would borrow They had
but to nod, and every medium q. credit
would he closed TO the ambitious pri-
vate borrower; they had but 10 agree,
and the railroads. the banks the in
uustrial corporations. all would unite
to crush opposition and TO dominate
trade
Intoxicating direetora,es hen, have
been tho fundamental force IN bring
Ing The trusts into being. And these.
our readers must remember. have been
helped beyond measure by the uncer-
tainties Of law, by the LIMITATIONS or.
the Interstate Commerce Commission
and by those strange ana lnexplicable
statutes which allow II group OF men
to ROB another man with no other pen
atty than a hne-payahle, not to the
injured man. but to tho government.
whose supine inaction made robbery
possible.
knowledge of the causes OF our
present Ills gives tho secret to the
remedy Prescribed by tho President
Those 'interlock!ng directorates no
would forbid the Interstate Commerce
Commission he would empower, not
merely 20 control the rates Of the grea,
railroad systems, but to pass upon.
TO approve or to disapprove their stock
and bond issues: the 1oubts in ,Jc