Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1931-12-31
PROSPERITY OF THE NATION
CAN BE LEGISLATED
CONTINUED from page two)
WE DEMAND

\
wealth money system that can
not be manipulated by few finan
| ciers. A banking system that pro
tects the borrower and the depos-
| itor. A national bank insurance tc
protect the depositor. We demand
| that the farmer, the miner, the oil
| producer and the laborer shall en-
JOY fair legislation and tariff pro
lection, that they may enjoy the
benefits of prosperity on an equal
basis with finance and manufacture
We demand that ''The Ewing
Plan" of taxation be adopted, that
there shall be an equality in all
states in the benefits to be derived
from Good Roads and Public School
Education. We demand that mo
nopoly be abolished We believe
that crime will diminish when cause
| is abolished.
LABOR
We demand legislation making it
obligatory that all employers of la
Dor on all national, state, county or
city public works, roads and build
ings shall pay labor minimum
wage of IS per day of six hours,
and shall work labor no more than
five days per week. That all indi
| viduals, corporations, companies or
partnerships, having in their en-
ploy, in excess of 20 employees, in
any capacity, office, store or fac.
tory, in one state or in several
states, shall pay minimum wage
Of IS per day of six hours, and
shall work no more than five days
per week. We demand a national
old age pension, and unemploy-
ment relief.
CORPORATION CONTROL
Past experience has taught that
monopolistic ownership of any in
dustry il not harnessed by legisla-
tive restrictions is detrimental to
the best interests of the nation.
With four piece set Of harness to
control monopoly we can avert fu
ture depressions:
1st. We must protect small
stockholders. End, we must protect
small competitors. 3rd, we must
protect the consumer 4th, we must
limit corporate ownership to in
sure against monopoly and to dis
tribute factories and shops in small
er units by taking the factory, shop
and mill to labor, instead of taking
labor to factory, shop or mill. 1st,
to protect small stock holders from
unfair division Of profit, we must
limit the salaries of the officers to
scale based on the capital stock of
the corporation. No officer of a
corporation should receive compen
sation in excess of $4,000 per
month or in excess of 100000 in
one year, regardless of the size of
the business or valuation Of the cor
poration.
Under existing conditions, man
with $100,100 can incorporate a
business with 100000 capital
stock, sell to the public $4,000 in
stock, and having controlling stock.
he can place himself and family in
office on salaries that can eat up
the profits the business can earn,
and thus use $99,990 of public in
vested money to his own Individual
benefit.
If this 100000 corporation was
restricted to pay it's officers (pluraD
not in excess of 1919 of it's capital
stock, then the limit for all office
salaries would be $4,000 per year,
and thus the minority stockholders
will share in the prosperity of the
corporation.
2nd-PrOtect competitors:
Giant corporations have a ten
dency to throttle competition by
unfair methods, for example: In
your state, gasoline in your home
town may be zoe, at another point
petitive point 10c. We often have
three prices in one state on the
same gasoline. Why? The answer
is: 'Unfair competition" Do you
get the idea that I favor fixed
price? 1 still adhere to the theory
that fair competition is the life Of
trade, but I also believe that un-
fair competition is bad for business
and in the end bad for the con-
sumner.
Here follows one method showing
how unfair competition can be
worked. The x oil corporation
owns and controls many filling sta
tions throughout the state and pos
sibly the, prevailing price of gaso-
line is 1Sc. At one point in the
state there may be local producer,
or possibly local corporation with
a small string of filling stations
which may own few tank wagons.
In order to kill this small competi-
tive dealer, the X oil corporation
reduces the price of gasoline to 10c
some non-competitive territory it
raises the price to zoe. The x oil.
corporation has no loss as the zoe
price in nOn-competitive territories
more than covers the loss at this
point But what happens to the lit
tie competitor who probably pays
10c for his gasoline in Texas, thus
to meet this competition he has
dead loss on transportation, labor,
overhead and all operating expenses
and what is the result? The little
competitor goes into bankruptcy OF
sells his business to the x oil cor
poration, then the price to the con-
sumer is jumped to zoe, now who
is the loser? Both the local corpOr
alton and the consumer. The same
methods apply in other lines, even