Y
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i Commoner Comment
j Extracts from W. J. Bryan's Paper.
-5-
What About Next Week?"
When President McKinley was ad
dressing the laboring' men at San
Francisco and congratulating' them
upon their "prosperity" and "content
ment, one brawny wage-earner arose
and asked, "What about next week?"
Of course, he was guilty of some dis
courtesy in thus interrupting a meet
ing made notable by the presence of
the chief executive, and his companions
beckoned to him to be silent. But he
could not have asked a more embar
rassing question at a republican meet
ing. The administration is living in
the present, with no thought or plan
for the future. It might be well for
the president to consider the simple
question propounded by the California
toiler.
The railroads are consolidating shut
ting out competition, issuing watered
stock, and making worthless securities
dividend-paying by the exercise of ar
bitrary power in the fixing of rates.
They are having things all their own
way now, but "What about next
week?"
The trusts are swallowing the indus
tries, building up enormous fortunes,
and levying tribute upon the entire
country. They may be willing to con
tribute largely to the republican cam
paign fund tod.y, but what will be
the effect upon industry? "What
about next week?"
The money changers are in control
of our finances, they can expand or
contract the currency at will; they
can make more out of the fluctuations
of the money market than they can in
legitimate business; they rule with a
rod of iron, but what is the end?
"What about next week?"
Imperialism is rampant, speculators
are planning forays against distant
lands; carpet baggers are growing- fat
and respect for political principles and
moral precepts is being lost sight of;
some people are making money out of
it, but " hat about next week?"
If the republicans are not too busy
to think, if "prosperity" leaves them
time for reflection, they will find it
worth while to answer to their own
satisfaction, if they can, that pertinent
and perplexing questio n, "What about
next week.
Before and After.
During the campaign of 1900 the re
publican papers gave great prominence
to those democrats who declared their
intention of voting the republicon tick
et. On the morning of October 18, the
LaCrosse Chronicle printed an inter
view with Mr. Albert ilirshheimer in
which that gentleman gave his reasons
for voting for the re-election of McKin
ley A few days ago Mr. Hirshheimer's
company sold out to a trust, and the
LaCrosse Republican and Leader of
May 8 contained an interview with
Mr. Ilirshheimer in which he gave the
reasons for selling. He began business
in 1863 seven years before silver was
demonetized and the agitation of the
money question never drove him out
of business but the trusts have forced
him to sell. Below will be found
tracts from his two interviews:
INITIATIVE AND REFERENDUM
IS LOOMING UP.
Win Ite Ob ef the Leading- laaaea la
the national Campalg-a Tare Tear
Beaee Several Ittatea Attest Jostle
f Sxetem Dangerous to Oppose It.
LETTHE PEOPJ-5 EULE I Ti a" Jandlr
quences In that financial district.
Bank presidents for other reasons
denounced James Stillman of the Na
tional City' bank, while the panic was
at Its height One of them declared
that Stlllman's ambition to rule in
finance to the exclusion of all others
was intensifying the panic.
Another heatedly made the predic
tion that Stillman and his ambitions
would one day engulf Wall street la
the greatest financial disaster the
world had ever known.
Another thing to note is that stock
gambling has assumed such large pro
portions that no town or Tillage Is
without its votary. The newspapers
all over the country tell the same tale
of great losses ' by those devotees of
the stock gambling habit New York
and Chicago are largely supported by
the enormous amount of commissions
paid to bankers and brokers by these
small traders. Of the constant stream
of dollars that pour into these cities
from every town and hamlet but few
return and those that do are sweated
by the rakeoff.
M'LAUBIN MUST GO.
DEMOCRATIC PARTY HAS
ROOM FOR HIS ILK.
NO
I Properly Btloap to the Party of Banni
Traata. Imperialism and National Bank
Baa "Mousy" Republicans May lie
Working- to Establish a Monarchy.
ex-
Consultlng "Destiny."
It seems to be "destiny" that the
United States should acquire the Danish
West Indies. A treaty of sale is now
being arranged between Denmark and
the United States for the sale to this
country of the islands, the considera
tion being 84,000,000.
One consideration of the proposed
treaty is that Denmark must have, in
these islands, equal trade privileges
with the United States. In other
words, if the United States have free
trade wiih the Danish West Indies,
A Denmark must also have free trade.
A similar concession for a period of
ten years was made to Spain so far as
the Philippines was concerned. The
republican leaders have told us that a
mighty principle was involved in the
tariff question; and yet in the differ
ent arrangement the republican ad
ministration has made concerning our
various "possessions" in the matter of
tariff it would seem that no principle
whatever is involved in this question,
and that as one distinguished Ameri
can said, the tariff is purely a local
-question.
If the United States acquires the
Danish West Indies it will be interest
ing to observe the position the new
"territory and its people occupy with
relation to this country. Will they be
"citizens of the Danish Islands," and
will they be denied constitutional trade
privileges with this country? No one
may safely make prediction on this
subject. The clairvoyant of the ad
ministration must first ascertain the
decree of "destiny" on this matter, and
by the decree the rights, privileges and
immunities of the people of the Danish
Islands will be arranged. "Destiny"
bas usurped the place of the constitu
tion. Have the Ihon.
It is proposed to put a ne w roof on
Statuary Hall, in the capitol at Wash
ington, and the guides in that famous
old structure express the fear that the
result will be a loss of the echoes that
have long been an attractive feature
to visitors at the national building.
The New York World says that the
appeal of the guides is "Save the
Echoes," and the World adds:
Now this is an appeal that the people
might well take up in a broader sense.
There have been many sentiments ringing-
in the legislative halls of the
capitol that we should desire to have
preserved. Let us save the echoes
t Of Bayard's voiee, when he pro-
claimed:
"The oath I have taken is to support
the constitution of my country's
government, not the fiat of any poli
tical organization."
Of Webster's voice sayi ng:
"I mean to stand upon the constitu
tion. I need no other platform."
Of Summer's voice, declaring that
'The true grandeur of a nation is to
be found only in deeds of justice and
xne Happiness or its people."
A man signing his name "A. Jenkins,"
hot himself at a Philadelphia hoteL
Before doing so he wrote a note to his
brother-in-law saying: "This is the
ultimate result of gambling and a
dissipated life and is a warning to
young men." But will it be a warning?
Or must each person learn for himself
by bitter exierience the penalty of sin?
October IS, 1900 Said Mr. Ilirsh
heimer: "I voted once for Abraham
Lincoln, and for William McKinley
four years ago, and these are the only
exceptions to my voting for the nomi
nees of the democratic party on na
tional candidates. I shall vote for the
re-election of President McKinley. My
reasons, you ask; I don't court news
paper notoriety, but I will give my
reasons for voting for I'reaident Mc
Kinley. They are purely business rea
sons. e want stability in our finan
cial affairs, as well as stability in our
tariff laws. I do not consider that a
high tariff or a low tariff makes much
diff erence. The trouble comes from
anticipating changes every two or four
years. 1 submit that the commercial
interests of the country should not be
made The football in the game of the
politicians."
May 8. 1901. Said President Ilirsh
heimer: "The Packers Package Com
pany was forced to sell out to the
trust. They control the tin output
and they have been hindering ns so
during- tne past month that we have
not been able to run our factory only
one-half its capacity. They have re
fused to deliver us the tin ordered,
shipping only one or two cars a week.
Thus we either had to sell out to them
or fight them. We could not do the
latter thing, for we could not get the
tin with which to make our product.
and carry on the fight Therefore, we
simply had to sell out to the trust. It
was either that or lose our money."
Tillman and MrLanrln.
The most important item of political
news last week came from South Caro
lina. Senators Tillman and McLaurin
have agreed to leave their political dif
ferences to a democratic primary and
to that end have placed their resigna
tions in the hands of the governor to
take effect in November, after the pri
mary has determined the wishes of the
voters. It is an honorable course for
the senators to pursue and beneficial
to the state. At present South Caro
lina virtually has no voice in the set
tlement of public q uestions as the vote
of one senator kills that of the other.
senator unman nas just been re
elected ana thus risks the loss ox a
longer term, but Senator McLaurin
really sacrifices more because he has
less chance to win at the primary.
The readers of The Commoner will
be kept informed as to the progress of
the contest It is needless to say that
the editor of this paper hopes and ex
pects to see (senator unman win a
sweeping victory, because he repre
sents the man, while Senator McLaurin
represents the dollar. The vote will
show whether the plutocratic idea is
making any headway in the south.
Should Apologize to Editor Rice.
The investigation of fraud in the
government service at Manila has de
veloped that certain officers have been
guilty of the most flagrant wrongs.
.tie preventatives oi ousiness concerns
have testified to the payment of com
missions to commissary officers in re
turn for the purchase of their goods.
It also developed that complaints of
shortages in deliveries of goods have
been silenced by the payment of liber
al sums of money and that a shortage
was covered by placing a number of
fictitious laborers on the pay roll.
Evidence accumulates each day that
the administration owes to Editor Rice
a large apology, even though it does
not return him to Manila from which
place he was deported because be
charged the existence of fraud.
Jefferson said: I am not amongst
those who fear the peole," but how
different is the case with the modern
republican party. The effort to give
the people a direct vote on important
laws that are to govern them has been
endorsed by the Fusionists in some
states and will be forced as an issue
in others and possibly be adopted as a
national remedy as a check on much
evil legislation that we are now suffer
ing from.
First attempts at radical changes in
the machinery of government always
meet with obstacles, especially when
favored corporations with vast means
of corruption, such as railroads, are
likely to bare some of their special
privileges curtailed or abolished. It is
no wonder, therefore, that In one of
rhe first states to adopt the re
form it should meet with a rebuff at
the hands of a republican court and
legislature.
South Dakota's initiative and refer
endum, which was embodied in the
state constitution two or three years
ago, says the Springfield Republican,
is thought to have been wrecked by a
recent decision of the state Bupreme
court. The referendum amendment
limited the absolute power of the leg
islature to such special cases of legis
lation as were mentioned in the con
stitution itself. Now the constitution
also provides, somewhat loosely, that
whenever the legislature declares cer
tain bills to be emergency measures,
these emergency measures may be
come laws without being brought
within the scope of the referendum
clauses of the constitution. A test case
was made up by the foes of the refer
endum in passing an act legislating
some fusionists out of office, the act
being pronounced an emergency meas
ure by the legislature. The South Da
kota court decides that It Is Impos
sible to consider the motives of the
legislature in making any bill an
emergency measure, and that any law
which emanates from that body thus
labeled cannot be referred to the peo
ple. It also decided that no act which
the legislature chooses to pronounce
necessary for the protection of the
public peace, health, safety or sup
port of the state government and its
existing institutions, can be referred
to the people. The right of initiation
by the people in legislation was not
passed upon by the court, but that re
mains of little service if the referen
dum has been emasculated. It is evi
dent that any legislation under that
decision can choke off final reference
of Its work to the popular vote by a
simple majority declaration. The
friends of the referendum declare that
while the first attempt to substitute
direct legislation for the representa
tive system has apparently failed, the
question will be a live issue, if not the
controlling one, in the next state elec
tion.
ANTI-TRUST LEGISLATION.
The need of tariff reform is so
pressing in view of the domination of
the trusts that it may be well, instead
of waiting for the control of the gov
ernment to pass into the hands of the
Democrats to adopt the advice of the
Washington Poet, which says:
The Republicans took a hand in the
Democratic tariff revision of 1894, a
useful, helping hand, going so far as
to dictate entire schedules. Let the
Democrats reciprocrate that favor in
the next session of Congress. The
Democrats were divided on tariff re
vision in 1894. To-day there is a di
vision on that question in the Repub
lican party. The movement for anti
trust legislation ' will divide the Re
publican party into two factions, as
hostile as were the Cleveland and anti-Cleveland
factions seven years ago.
Why should not Democrats who want
"sensible reform of the tariff" follow
the example of those Republicans who
aided Gorman in his anti-Cleveland
fight? This suggestion seems to us to
open up great possibilities of early and
wholesome reform. Its adoption by
the Democrats would be far more like
ly to expedite than retard their ac
quisition of full control of the govern
ment The Post is an advocate of protect
tion and yet sees that the tariff must
be revised so what it means by "sen
sible reform" Is rather an uncertain
quantity, but If a faction of the Re
publicans are really in earnest in
pushing anti-trust legislation, though
it is very doubtful if enough of them
are, the Democrats will be found will
ing to aid them in passing such legis
lation if it includes a "sensible re
form" of the tariff.
But will the Republican brethren be
able to stand out against the decision
of a party caucus and the wrath of
Hanna and the lack of patronage that
McKinley will withdraw from recalci
trant members. That will be the cru
cial test
The machinists throughout the coun
try are striking for a nine hour day
wim ten nours pay. jno one can give
an intelligent decision upon the subject
of wages without knowing the condi
tions existing in the various sections
where the demand is made, although it
is only fair to assume that the demand
is reasonable, unless the republican n
ports of prosperity are subject to heavy
discount As to the number of hours.
however, that should constitute a day's
work it is easier to form an opinion. A
nine hour day is long enough any
where. The Commoner is an advocate
of an eight hour day and observes this
limit among its employes. It hopes to
see the rule adopted everywhere.
The Hereford Republicans (the white
faced variety) are doing a little pre
mature rejoicing in the south. When
a democrat becomes a republican for
office he is not apt to take many with
him. A man's political influence is ac
quired by the advocacy of principles
and is lost when he abandons his
principles.
The Earl of Cadogan announces that
Edward VII is ready to aid Ireland.
Edward must be preparing the ground
for another call for Irish troops to
nerve in South Africa.
General Chaffee has issued a "fare
well address" in China, which is more
like Washington than any action on
the part of this government for two or
three years.
LESSONS OF THE PANIC
There are few things that have been
exemplified by the late Wall street
panic that Is of enormous importance
to the whole people and the most im
portant object lesson is the vast
power of money. When the panic
was at its height and money was loan
ing for 60 per cent, a few bankers
met and agreed to loan $16,000,000 at
6 per cent, and thus aid the recovery
of the market The banks composing
trust having command of hundreds of
the clearing house are a kind of money
millions of dollars, and if it suited the
purpose of the managers they can
make or mar the market for stocks
and bring on or retard a panic at any
time, as nearly all the transactions on
Wall street are conducted on borrowed
capital and mostly on call loans which
can be called or foreclosed at any time
by simply giving a few hours' notice.
This power has been used both ways
and will again when it suits the money
trust to do so.
It will be remembered that the great
panic at the beginning of the second
Cleveland administration was precipi
tated by the banks to force Congress
to pass the repeal of the silver coinage
act It is probable that the money
trust did not intend that panic to
be so disastrous, as it imperiled their
own stability and led to the downfall
of some of their own associates.
There is, however, a prospect that
these princes of finance may disagree
over the division of the spoils, won
from the people by the trust combina
tions, and although his would prob
ably precipitate a panic which would
involve the whole country, it may be
made to bring good out of evil by
opening the eyes of the people to the
causes that allow such an abnormal
condition of affairs. It may thus lead
to national and state legislation that
will curb the trusts and by the repeal
of the protective tariff and other laws
that now allow monopoly and with
honest servants to execute the laws.
and not as is now done, leaving to
the banks the enormous sums without
Interest, at present amounting to over
ninety millions of dollars, a reform
may be inaugurated that will allow
every citizen an equal show In his ef
forts for success in life.
As an instance that all Is not love
ly among the powers th rule in the
financial world the financial corres
pondent of the Chicago Chronicle
says: Morgan s ambition was held re
sponsible for the panic It was charg
ed that he had tried to "hog" the rail
road situation in the north and middle
HAMMER AND ANVIL.
Next to a third term, it would suit
the present administration to be suc
ceeded by Hanna, then after eight
years of Hanna well, what matters?
If a Democratic administration had
been in power when the Wall street
panic occurred, what a lesson the Re
publican newspapers would have
drawn from it!
The extravagance of Republican con
gresses are proverbial, the amount ap
propriated for the fiscal year begin
ning July 1st has just been compended
and tne total sum is 1730,338,575. No
wonder the war taxes could only be
in a small measure repealed.
Senator Frey has announced that he
will reintroduce the ship subsidy bill
directly the 17th Congress meets. A
day or two after this announcement
Senator Hanna was In Philadelphia
holding a conference with the Penn
sylvania railroad officials and other
ship owners, probably arranging how
much bonus they will contribute to the
Republican campaign fund if the bill
is passed.
Mr. Schwsb, the president of the
steel trust, has been making a speech
to a graduating class in New York, in
it he said: "Boys should start in
business early and should place no de
pendence upon Influence." Now this
would have been good advice before
this age of vast combinations and
trusts, but Mr. Schwab should know
that boy or man at this time has but
small chance of employment at any
work that is considered desirable un
less he has nome influence back of him.
Mr. Schwab and his partner, Mr. Car
negie, mad" their start In life in more
propitious rimes and even they may
have had some influences that advanc
ed their own strenuous efforts and they
by luck or sharp wits fell into a busi
ness that was protected by a tariff that
gave vast advantage to a few sharp
men.
It is ratter late in the day, but bet
ter late than never for the president
to talk about saving the constitution
as he did at San Jose. In nis speech
there he sfeid: "To us, my fellow citi
zens, young and old, the preservation
of that ceostitution is committed. It
is a sacred instrument, nd is a sacred
trust given to us to see to I bat it i
preserved in all its virtue an 4 vigor,
to be passed along to the generations
yet to rome. Glorious constitution,
glorious nnion, glorious flag. Seventy
five millions of people stand together
as they never before stood to defend
them all." These be fine words, my
master, glorious words, but as a
judge Of the supreme court said of
tresiaeii juctviniey wnen ne nad ut-
tered his benevolent assimilation I
speech. It is not by what the president :
The Republican papers are making
much of the speech recently delivered
by Senator McLaurin, of South Caro
lina, at Charlotte in that state. And
well they may, for it marks the be
ginning of a movement in the south
which will have an influence upon the
politics of the nation, says Mr. Bryan
in the Commoner. It is not likely
that Mr. McLaurin will be the leader
of the movement because he is hand!
capped by the fact that he is using his
official position to misrepresent the
views and Interests of his constitu
ents, but some leader will arise to
give direction and force to the aristo
cratic and plutocratic element for
which Mr. McLaurin speaks. There
is such an element in every commun
ity and now that the race question no
longer unifies the white people of the
southern 6tates, it will doubtless
manifest itself. Then, too, the corpor
atlons are increasing in number and
magnitude in the south and with their
growth will come attempts to secure
from the government privileges, fa
vors and immunities. The commercial
ism that has debauched municipal and
state governments in the north will
soon be apparent in the south and the
senatorial contests which thus far
have been comparatively free from
scandal south of the Mason and Dixon
line will show the handiwork of or
ganized capital.
Senator Tillman has already taken
up the gauge of battle thrown down
by Senator McLaurin and will doubt
leas be able to marshall a consider
able majority in that state, but the
same Influences are at work in other
states where there is greater danger
of their success.
Imperialism gives to the plutocrat
his opportunity. He can hide behind
a pretended patriotism and conceal
his mercenary purposes by profuse
declamation about the nation's ex
panding greatness and international
obligations. Those who are willing to
purchase trade with everybody's blood
but their own and who will sell any
political or moral principle for a pe
cuniary consideration rush to defend
the administration's Philippine policy.
The democratic sentiment is strong
enough to resist and overcome the
McLaurin movement, but those who
believe that the man is more import
ant than the dollar will have to be
stir themselves. The corporations
are not much on public meetings but
they are diligent in securing delegates
to conventions. The real democrats,
confident of the merits of their cause,
often lack organization and are, there
fore, at a disadvantage. Their hope
lies in a prompt open and persistent
appeal to the voters at the primaries.
A white republican party in the
south may bring some compensation
in that it is likely to divide the colored
vote in the north and answer the ar
gument of those northern republicans
who have been able to give no better
reason for remaining with their party
than that the south was solidly democratic.
THE PHILIPPINES AND CHINA.
Republicans boast that in seizing
the Philippines the United States hold
the key to China and its trade. In
view of the enormous cost in men and
money to hold -the Philippines In the
future and saying nothing about the
vast loss already sustained, it is well
to know exactly what we are likely
to gain in the future from this Asia
tic trade. The late Consul General
Wildman who had represented this
country for many years in China,
pricked the bubble when he said:
The majority of the peasantry live
at the rate from 2 to 5 cents a day.
and even if they could afford to pur
chase modern American farming ma
chinery there would be no room to
use it The nearest thing to such ma
chinery I have seen in Southern China
Is a fanning mill, which is easily con
structed by the ingenious Chinaman.
The grain is either trod out of the
Btraw by water buffaloes or whipped
over an open tub. Even if an entire
village should combine to buy an
American threshing machine, it would
be used but once, as it would be con
sidered too wasteful both in the way it
mangles the straw and the grain in its
expensive upkeep. In Southern China
there are no horses except the dimin
utive China pony and, as the agricul
tural country is mostly flat, there is
no way to utilize water power. As for
steam, it is an impossibility, fuel being
one of the most expensive Chinese lux
uries. As long as labor has almost
no value and flesh and blood is the
cheapest thing on the market, I cannot
recommend American manufacturers
to waste good printed matter and
postage stamps on so impossible a
field. I have already called attention
to the uselessness of mailing to this
consulate trade papers devoted to the
carriage and harness industries, and
mentioned the fact that we had but
three carriages and a hearse here all
of which are in a fair state of preservation.
cite the fact that the name d Karrlnon
has been associated with the military
history of Indiana from its formation
as a territory. They also recite the
fact that ex-President Harrison died
believing that the creditable military,
record of the Harrison family, made
in every war that the country has been
engaged in from the Revolution on,
was injured by the manner and cir
cumstances of the dismissal of bis son.
The recital of these facts is ample ex
planation, if explanation is needed,
why this action be taken. Had it been
added that Colonel Harrison was dis
missed in order to punish his father
for his failure to support without
qualification the political views of the
administration, the common belief of
the people of Indiana and of the
country would have been voiced. But
whatever the motive, the people ought
to make it plain that they do not agree
with Secretary Root that this is "a
closed incident" They cannot afford
to have any such incident closed in
this manner. They have a right to de
mand that justice be done a fellow
citizen. None can more appropriately
lead In such a demand in this case
than the people of Indiana. We trust
that this is but the beginning. We
hope, for the sake of fair play, the
rights of American citizenship and a
simple justice in the recognition of the
equality of such rights, that this
movement will continue until It is
crowned with success.
PROTEST OF WAR VETERANS.
The resolution adopted by the Asso
ciation of Spanish-American War Vet
erans, says the Indianapolis News,
asking our Indiana Congressmen, with
out regard to party, to use their In
fluence to obtain a court of Inquiry,
so promptly and repeatedly demanded
west, and ride rough-shod over surh says that we must Judge him. but by i lv " IiJl"!" e in
long established kings in the railroad I his acVa. ffZl fV
1 uiMaHie - aaw na Ml , TV 111 J fj
THE BALANCE OF TRADE.
The chief of the national bureau of
statistics has been trying to answer
the much mooted question of "what
has caused so much produce, merchan
dise and specie to go out of the coun
try without the ordinary correspond
ing returns." That is, without any
goods or money being returned for It
and known as the wonderful and Illu
sive balance of trade.
The chief of the bureau acknowl
edges that nothing but an estimate can
be given, which he summarizes as
follows: "Freight paid to foreign ves
sels, $50,000,000. Interest and earnings
of foreign capital, $75,000,000 to $100.-
000,000 and a similar sum expended
abroad by Americans. American
funds Invested in foreign securities in
1900 about $100,000,000 to which must
be added the amount of our foreign in
debtedness actually canceled by the
return of securities for which no defi
nite estimate has, so far as I am aware.
been made."
This is very much like saying that
he knows nothing about the matter as
any basis for a statistical statement
and yet the bureau has been publish
ing monthly with great flourish of
trumpets, the enormous balance of
trade in our favor. But this balance
is of no use to us unless we obtain
something valuable in return and as
we do not seem to be getting much
back, at least a large part of it, that
much is a drain on this country that
no statistics can overcome, and in
stead of being a matter for the Repub
lican party to crow over is something
we should all regret For instance.
the $75,000,000 or $100,000,000 expend
ed abroad by Americans is an annual
drain upon the resources of this
country without any corresponding
benefit except to the few who enjoy
the trip, they are like absentee land
lords, they make their money here and
spend it elsewhere.
There is not much advantage in ex
porting goods unless we get
money or goods in return and
as the export statistician of
the treasury cannot tell ub with any
certainty, or even approximately with
in hundreds of millions, that we get
anything in return for a large part of -the
value of the goods we are said to
export, it is quite possible and prob
able that there is some great error,
either in the reported value of the
goods or in the gathering of the figures.
FORCED INTO THE TRUST.
The way the trusts wipe out compe
tition and force old business concerns
into their combines is fully told in the
case of the locomotive trust which has
obtained complete control of all the
works in the country. One concern,
the Schenectady Locomotive Works,
objected to being absorbed by the
trust, but has finally decided to do so,
says the Chronicle. The company will
be reorganized and the capital stock
will probably be Increased. It is
known that the stockholders have been
reluctant to Join the combination.
Practically all of the stock has been
in the hands of the Ellis family for
forty years and the stockholders have
always felt that their position as own
ers involved some obligations toward
their employes and the people of
Schenectady.
At the present time the works are
enjoying a period of unexampled pros
perity. It was pointed out by the rep
resentatives of the trust that the large
part of the output of the works goes
to the New York Central, Delaware
and Hudson and Northern Pacific.
which are controlled by the Morgan-
Vanderbilt-Hill interests, and that
they could not get orders enough to
keep the shops running a quarter of
the time if they stayed out of the com
bination. The works would also be
shut out from buying iron and steel,
could not fill whatever orders were re
ceived, and the plant would be worth
only the value of the machinery sold
as old Iron. In the face of these state
ments, which were given as an ultima
tum, the stockholders felt themselves
powerless.
This Vanderbllt trust acts like a
highwayman, with it it is your money
or your life, if you won't come Into
the trust we will kill your business.
It is about time that action was taken
to curb these giant combinations and
the people have it in their hands to
do 60 if they will only elect men to
legislate for them whom the trusts
cannot control.
ft
I
H
IS
Wichita 'lands, it .is
fchiped f market by
and the rest moved
claimcflcan be
the allotted time
down to the Ki-
at-the prisoner. Half of the crowd
consisted of women. Despite the ef-
is expected to add at leas' mts tc
the price of every broohr lie sells.
-aunoM tiro -wnwmitjtHi ,wn p t m
as to the quality of armor. Other
claims will be made for delay in fur-
Meanwhile it "will be translated into J"
Spanish, and be printed both in En?-
' 0re K. Kmnmi In RttuBla.
ST. PETERSBURG, July 8. George
Crm
Vy
rill
it ;1
c:
, via
lied by
- crbilts '
Morgan "interests. The Vez
and the' VanderbiU Tlpe will