The Washburn times. [volume] (Washburn, Wis.) 1896-1976, 1922-07-06

IoVCllMHcHC mas DeeH ITyAlB W en-
plain it al Ito the United States as
an attempt to discredit the Obregon
Government, which is seeking re-
cognition. If some way is devised
to check the kidnapping business it
is likely that Mexico will not suffer
much in the eyes Of other govern
mems since it is known that the new
industry" is no more lawless than
Mexico has been accustomed to to-
lerate under the most advantageous
conditions the country has ever
known.
MADISON, Wis.-The elimination
of evils resulting from the mono
fpolies Of natural resources, trans
portation. and credit SHOULD be the
rallying point for ali those whose
interests lie in the normal function
| ing of the market, declares Edward
INordman, Commissioner of Markets
in statement issued today. These
monopolies destroy opportunity, de-
creasethe purchasing power of the
consumer and cause periodical bust
mess and industrial depression.
1T is the belief Of Mr. Nordman
that the methods used hitherto to
fight the evils resulting from mon
opolies have not remedied the situa-
ton or have at best given results Of
little significance. 1t is worthy of
note, he states furthef, that ,at-
tempts to destroy monopci;es have
been vainly made for naany years
past. Thus thirty years ago the
American peoples striving to curb
the gigantic industrial and business
| combines, had passed the Sherman
Antitrust Act which had for its pur-
pose the abolition of combinations
Gin restraint Of trade"
'Long and painful litigation fol-
owed. After many years these
giant organizations emerged strong
err than before. If broken up at all
1T was only on paper. In spite Of
tremendous cutlery, in spite Of pro-
lsecutions and dissolutions these
monopoies combinations are as
powerful as ever and every legal at
tempt at curbiDg their power shows
conclusively that present day methods
of dealing with them are utterly inn
| potent.
"The time. has come when more
effective methods should be adopted
to deal with the evil effects of mono
poles. Merely breaking them up
legally or curbing their power on
paper will not do. They will simply
reappear under different names with
out any change in substances. The
old methods should be discarded and
other ones dealing with these evils
in fundamental way should be ap-
piled. Until this is done and until
people get down to brass tacks and
concentrate their effort or efforts on
basic and fundamental remedies con-
ditions will not improve to the ex-
tent of establishing permanently good
and stable markets.
The first and basic conditions Of
good markets and economic prosper
lily is fair prices for goods and fair
returns for service. Unfair and un-
| just compensation, whether in the
form of low prices OF low wages, re-
duces the consumers purchasing
power thereby causing markets to be
glutted with unsuitable goods and
producing periodical business depres-
sions. Fair prices and just wages
however, cannot be established by
arbitrary action. The only way to
bring them about is to open up OPP
portunities thus enabling the pro-
ducing elements of society to apply
their energies tosthe most productive
and remunerative tasks in beth dis
tribution and productive. This can
be done only by releasing the natural
resources, by means Of taxation, from
the hold of monopolists and specula-
tors and by making other monopolies,
not founded upon private ownership
of natural resources, serves the COM
mon interests rather than those Of
private individuals.
In conclusion Mr.. Nordman stated
that the trouble ia the past was
that the Importance Of these funda-
mental remedies has not been clear
" perceived and that the people have
let themselves be diverted to the
consideration Of superficial remedies
and have lost track Of the real and
vital problems involved.
PROMOTING TRADE BY RADIO