The Nome nugget., 1949-11-28
PRINCES OF PRODUCTION
(By George Peck)

Have we now arrived at point where an economic fundamental that played major role in America s climb prosperity is to be thrown into the discard? Twould so, if the Administration is to have its way.
 Competition has heretofore been the sparkpug of Free Enterprise System Individuals and corporations who produced better item at better price prOSpered and in doing, helped raise the standard of living of all the American people, The enrepreneur starting his little business looked forward to the day when increased business would force him to take en- ployee That ambition having been achieved, his next goal still bigger business that he would have to put second employee to work, then on to the third the fourth etc Thus little businesses evolved into big busi- nesses more and more jobs were opened up more and more and more wealth created.
 From these little business acOrnS came the mighty business oaks that in time of peace have contributed so much to the general welfare and in times of have furnished the materie to enable to prevail our enemies Little businesses grew bigger and bigger not through hidden monopolistc practices, but in open competition, thereby increasing the demand for their product
 But now the Administration says this is all wrong, that efficiency shall longer be rewarded, in fact, that outstanding opponents of efficiency shall be pun iShed. Last the United States Department of Justice filed suit against the du Pont Company General Motors Corp and others alleging violation of the Sher man and Clayton antitrust laws When the camOufage of trumpedup violations is removed the real intent of the suit is revealed attack by the D. of J. against these companies simply because they are big.
 At first blush this looked like smart poitcs-a ges- d the 1850 and 1852 elections is part and parcel of the Administrations demagogc crusade on behalf of what it terms the Common Man." How l detest that term Common Man" In a republic there is such thing Common Man''-in America every man is king-t is only in totataran slave states that the Common Man" is to be found.
 The suit against these admittedly big companies is part of the general plot to bege envy and hatred in the minds of the American voters for all business. The Ad- mnstration has made secret it's antipathy tow ards successful businessmen whom it has frequently described Princes of Privilege Not all successful businessmen paragons of virtue. There some of them who not without sin but most of them could accurately be described Princes of Production
 It my guess that the American people not going to be hoodwinked by this assaul du Pont General Motors and the other companies. If editorial expression reflects the opinion of the majority, and believe it does, then the Administration is doomed for rude awakening Editors the country have been practic ally unanimous in caustic comment regarding this un- warranted nonsensical attack corporations whose only crime is bigness-aganst corporations that have contributed and contributing much to the national welfare If it has not already done so, it should soon begin to dawn the D. of J. that bg" business has host of friends among the little" people.
 Then, this Fal adding insult to injury and heaping asnnitv on folly the D. of entered suit against the