The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1944-10-13

, ated or produced by the trickery
and chicanery OF private enter
prise. There are very few real
monopolies in American production
and distribution outside the field Of
public utilities in which monopo-
lies are created by federal or state
charters. The Post once is a
monopoly but no one would regard
that as an enterprise II is, like
the Army and Navy, traditionally
part of the government. In pri'
vate enterprise, know off-hand OF
no real monopoly except In the
ownership of certain patent rights.
Aluminium, which used to be call
ed a monopoly by the radicals, com.
petes with so many metals, plas-
tics and glasses that no one who
is not trying to force a point can
possibly include 1t in such cate
CORY. The railroads OF the coun'
try are kept in a competitive state
by the Interstate Commerce Com
mission.
The Chosen Instrument" idea
then has no place in American life
because II creates a monopoly and
serves no useful purpose. On the
other hand. we have to face the
fact that when we do business with
foreign countries-on the cartel.
basis that is now being developed
by governments-we shall be deal
ing with chosen instruments So
Wet Russia, for instance, is a to-
talitarian country, more so than
Germany or Italy ever were. The
means OF production and distribu-
ton in Soviet Russia are held by
government.owned trusts. Only
one company-and that govern
ment owned-was permitted TO en-
gage in trade with the United
States, Amtorg. II the Russians en-
gage in commercial aviation with
this country, there will be chosen
instrument for that purpose-a
aforementioned and operated en-
terprise. That is the way the Rus
slams like TO be and Ii Is their ar
fair and it has nothing TO do with
us.
The same might be true OF the
British, French and Dutch II they
go into this business. Those coun-
tries are broke and they can only
engage in vast and costly enter
prises IL we lend them the capital.
At present, we through our gov
eminent, are lending TO their gov
ernments. There are no important
private loans OF any kind, because
in the circumstances OF the mono
polistic banking system set up by
the American government, 1t is In
creasingly impossible for private
capital to be formed for foreign In
vestment. Nobody can compete
with Lend.Lease which does not
have to be paid back.
Therefore, II after negotiations,
these foreign countries wish TO set
up chosen instruments in the inter
national trade. the United States
Government will have to lend
lease them the capital through
their governments. which they most
likely will never pay back, and that
IllOuty " III NC uoCd W NOAAiRVhC VAbA'
American companies that have to
pay taxes to the L. S. Treasury so
that the government will have the
cash to lend to these foreign COM
petitors. Think that one over!
No American company should
want TO be the chosen instrument
OF government in an international
cartel which must, in the end, prove
offensive TO every American con-
cept OF good business and good gov
eminent. Americans would prefer
to uee free competition in the new
businesses arising from this car.
They want whatever benefits ac-
crue from free competition and
they do not want to be shackled TO
the obscure and secret agreements
that CoyarpOa0tz aDtpr uDon Sure.