The people's voice. [volume] (Helena, Mont.) 1939-1969, 1946-12-13
CAPITALISTS versus FREE
ENTERPRISE and LABOR UJNIONISM

2 inventive and scientific genius OF
) America to work in an effort to make
J these natural resources useful to man
Z kind. The results were the creation
! Of many crude but useful machines
: and the beginning of a productive era
, never before approached in human
| history
! The Captain Kids and the Jesse
Jameses of finance quickly discovered
the prospect of great wealth from con-
: troll of both the machinery, and the
natural resources to be developed, and
began a fierce struggle for such con-
troll
Then as now, where profits are to
be had, there could always be found
the rugged individualist", seeking the
largest share for himself Each CAPT
talist controls share of an industry.
and the greater his share, the greater
ordinarily is his profit. His natural
desire is to increase his share; but he
can do that only at the expense of
some one else. That is why we have
had in the past, the mad industrial
competition, the merciless rivalry for
the market, the adulteration of COM
modities crooked wildcat schemes.
and finally, the wholesale failures and
ruin known as business panics and
d epress ions. Those who fought
amongst themselves for control of
newly invented skullduggery, includ-
ing the wholesale corruption of courts
and legislative bodies; in fact to any
means, however contemplate, that
would satisfy their craving for wealth
and power.
The Most Shameful
The stories of the creation of great
trusts and monopolies like Standard
Oil and U. S. Steel, and of the methods
used to obtain control of the nations
rail transportation systems, are the
most shameful ever written into fin
ancial or political records anywhere
on earth. With the clash of corpora
ton against corporation. with stock
holders scattered and helpless; las
they still are to a considerable ex-
tent with ownership, management
and control separate, and general
chaos prevailing, agreements and COM
of interests became neces-
sary If complete destruction of the in
dustrial fabric was to be avoided.
Large scale combinations could not be
organized without the help of banks
and investment houses, but this help
was modified, largely under the di-
rection of j. P. Morgan, the elder, who
with his associates had acquired prac-
.ical control of the countrys financial
'esources. The result was combination
md consolidation of previously war
ing interests, and their operation
Inder so-called "gentlemen's agree
nents", condition which has not
een changed to this day; federal COM
nerce and trade commissions and
nti-trust laws, not withstanding.
An example of how the system
perates is u S. Steel and General
lotors, two of the nations greatest
operations, both absolutely dominat-
d by the Morgan-DuPont interests.
he Capitalization of financial instf-
ltions by stock control, interlocking
lrectorates and community of inter-
st has given them the resources and
over with which they dominate
american industry.
Locally owned and operated banks
ave been replaced by chains which
axe the profits that@formerly went to
Dcal people out of the communities in
mich they operate, never to return.
nam stores are gradually reducing
'cal merchants to the point of bare
and putting many out of
lslness altogether. Chain newspapers
nder capitalist control bring to your
Dor such doctored information reIa-
We to current events as they choose
n you to have. Great chain Touring
ills grind your wheat, and chain
lkeries make your bread.
Under capitalism free enterprise.
'cept for the co-operatives, which are
tifully weak, but growing, has just
'out vanished from the business
enc. Capitalism is the unrelenting
lemy of democracy and deserves its
for opposing everything
at spells greater security, we'll
ling and peace of mind of the COM
on people. 1t declared war on the
Elective bargaining, battled child
Dor legislation, yipped and yow1ed
sainst minimum wage laws, and is
Irrently kicking hell out of proposals
r universal sickness and accident in
rance. Quoted from the president
great corporation). That speaker
so advised his business associates
1t to demand too much from a friend
republican, congress, and warned
at the attitude of Indifference and
lconcern for the people, which had
zen repudiated once, could be re-
dated again.
1t remains to be seen, whether
ose who control American capitalism
e able and willing to learn anything
I'm the past, and for one, fear they
0 not.-E. II. MANSON.
OBSERVATION-DISCLOSURES Observation-Disclosures