ft. """TPTiiiiiBirti&iPiV Hon of tho trusts. In fact, the trust question is already forcing Itself upon tho public. The Gar field report on the beef trust, instead of quieting tho country, has really aroused an indignation which will necessarily lead to further probing. Tho absurdity of some of tho conclusions set forth in tho Garfield report has tended to reflect upon either" the good intentions or tho ability of those who made tho investigation and to re movo this suspicion activo effort will bo required. Tho oil trust is likewise claiming its share of public attention; and wo1 havo seen a Kansas legislature passing mcasuro after measure intend- od to protect the public from its rapacity. But thoso are only samples of the trusts. They aro conspicuous, it is true, but they do not by any means stand alone. Tho salt trust will soon como up for attontlon, and tho harvester trust is like ly to bo tho subject of investigation before tho implements which it sells are through with tho work of harvesting. Tho steol trust roaches its multitude of fingers into tlio pockets of millions of people and its operations must sooner or later become tho sub ject of investigation. Then there are the tobacco trust, tho whiskey trust, tho starch trust, tho riugar trust, tho cracker trust, and numerous others that operate upon the same principle and aro just as illegal in their methods and just as immoral in their purposes as the beef trust and thooll trust. Tho presidont can not attack the principle iipon which one trust operates without attack ing tho principle upon which they all operate, and they are likely to stand together, remember ing tho strength that there is in union. As tho presidont proceeds ho will find that there is no middle ground on tho trust question. Every policy must rest upon a theory, and that theory must bo a defensible one. It is im possible to draw a line between two private monopolies and declare ono to be beneficial and tho other destructive. A good and wise king might bring blessings upon his people, while a foolish and bad president might bring evil upon his people, but tho virtues, of a benevolent mon arch could not bo used in defense of a mon archy any more than the vices of a bad president could be used as an argument against a republic. Governments must bo defended upon tho prin- clples which underlie them, and so with trusts ' they muBt bo defended or opposed according to the principles which underlie them. No benevo lent trust magnate if it were possible to con sider n man benevolent who first secured money by wrong-doing, and then gave a part or even all of it away can redeem a private monopoly from condemnation, arid no progress can be made to ward tho extermination of the trusts until it is clearly understood that "a private monopoly is indefensible and intolerable." Every year of growth has made the trust question more difficult to deal with, until now tho trust defenders declare it impossible to attack tho system without bringing widespread ruin. Tho New York Sun several years ago predicted that a really effective attack upon the trusts would cause a panic besldo which tho free silver panic so loudly predicted would be a flea bite. Before one goes far into the trust question he recognizes that it is intimately connected with tho tariff question as well as with the railroad question, and therefore any genuine reform is likely to involve a reduction of tho tariff sched ules as well as railroad regulation and the elimi nation of private monopoly. The trusts hide be hind the tariff wall and prey upo,n American consumers, while they compete in the free mar kets of the world. Every year finds an increas ing number of American manufacturers bidding against European manufacturers in competing markets where thp Americans not only derive nd benefit from protective tariffs, but must pay freight charges which they do not have to pay when competing upon American soil. The protected Industries aro greedy. They have so long been permitted to write tho sched ules and prescribe the rates that they resent any interference with what they regard as vested rights. They have long been in the habit of holding tho threat of wage reduction over tho heads of their employes to coerce them into vot ing for candidates pledged to a high tariff. Somo times, as at the time of tho Homestead strike the republicans have been compelled to admit that the employer did not always fairly divide I ie QllR of1 l)rotection with the employe, but the tariff, has been built up upon the assumption that the manufacturer is a pariotic, unselfish, bonevolont man who can safely be 'trusted to take care of his employes if the government will but allow him to havo his own way in the build ing of the tariff wall. The railroads have bor rowed this argument . from tho manufacturers and are quick to suggest tho possibility of lower The Commoner. wages for railroad employes in case of reduction of rates, and tho trust magnates likewise imitat ing tho tariff barons, look sad and express fear that trust employes may suffer if trust exactions aro ended. Hero aro three great reforms, and all so en twined together that it will bo extremely difficult, if not impossible, to deal intelligently with ono of tho reforms without considering the other two. And ho will probably find it necessary to urge tho election of senators by direct vote of the people as a means of securing these reforms. Is it any wonder that tho president's political friends, as well as his political opponents, are asking themselves whether ho has the courage to bo a reformer? The question will l)e answered within the next three years, and upon its answer will depend the president's place in history. What qualities aro required for the work? First, there must be sympathy with the people as against those whojiave profited by the plund ering of tho people. Has the president this sym pathy? If not, nothing can bo expected in tho way of reform, for no man will undertake so gigantic a task unless his heart is really in his work unless he feels that the producers of wealth are not enjoying their full share of the products of their toil. Second, he must have information as to the extent of the abuses and the necessity for a remedy. And it may be added that no one is likely to look for information until his sympa thies have boon aroused. The president's utter ances Indicate that on some of the questions, at least, his sympathies are with the people, and where a man's sympathies are right upon one question they are apt to be right on others when he has pursued his Investigations far enough to learn the real situation. Third, moral courage is necessary, and as suming that the president is in sympathy with those who suffer from railroad discrimination, trust extortion and tariff robbery, and assuming that he understands the situation, the whole ques tion turns upon his courage. No one doubts the president's physical courage. He has an abund ance, if not a super-abundance, of this quality, but there is a wide difference between physical courage and moral courage, and moral courage is as much above physical courage as man is above the animal. Many of the beasts, both wild and domestic, will fight to the death, but man alone has moral courage. Man alone will make sacrifice, endure suffering and even death in the performance of what he regards as a duty. The president has the reputation of possessing moral courage as well as physical courage, but his pos session of this quality is likely to be tested as it has never been tested before. The announcement made by the president that he would not be a candidate for re-election makes his way easier. He does not have to con sider the power of the corporations to thwart his ambition, and however conscientious he may be, however high-minded and however anxious to place the public weal above his own personal ad vantage, he is stronger to make the fight because he has, by a stroke of the pen, eliminated him self from the equation. No human being is so strong but that he may wisely pray ""Lead us not into temptation." But while the president has put himself out of the presidential' race and is therefore not open to- arguments which might be addressed to his ambition, he must still meet many arguments that. can not but have weight with him. There is the argument addressed to his gratitude and who is entirely without a feeling of gratitude? Mr. Jordan in his book entitled "The Power of Truth" declares that Ingratitude is a greater sin than revenge, for while the revengeful man re pays injury with injury, the ingrate repays good with evil. The great corporations, against which tho president's attacks must be directed are corporations which have contributed liberally to the republican party. They all supported the re publican ticket in 1896, and but for tho success of that election the republican party would not havo been victorious in 1900; and but for tho victory of 1900 Mr. Roosevelt would not now be president. The railroad magnates, the trust mag nates, and the tariff magnates can easily show him that he holds his position as a result of what theyjiavo done for the republican party and tho question "will you now reward us b?hostile lPrf lation?" will be as difficult a one to ansWef in omon VG aS Qe mvolvIn& Mm own am- But this is not tho hardest question for ? answering this question his sense of duty mUt enable him to answer in the affirmative ISf what will he say when they show hm Lf attempt to pass effective legislation will dlvldo his party? They will point to his enormous mi jority and ask whether he will risk the c?averston tVOLtJME 5, NUMBER lG of that great majority into a minority by divia ing the republican party Into factions and arr ing these factions against each, other. Thev wiii mildly suggest that his platform did not nledn-n him to a war upon the railroads, upon the tnw? or upon the protective tariff. And they may inM mate that ho Is adopting democratic theorioq after the democratic party was overwhelminjriv defeated. They may even inquire of him whether his courage would not have been more severely tested had he inaugurated before the last republi can national convention, or before the election the reforms that have been -developed since tho polls closed. As shown by the action of the house of repre sentatives, the president will be supported by the democrats in any sincere effort which ho makes to regulate the railroads, to eliminate tho trusts, and to reform the tariff; and he is suro to be opposed by an influential element in his own party. Has he the courage to alienate tho monopoly republicans in exchange for tho sup port of anti-monopoly democrats He has seen tho democratic party pass through "the Valley of the Shadow of Death' because of the fight within that party over the very question which i3 now disturbing the republican party. Is ho willing to see his party pass through the same necessary process of reorganization? The republican organization is a monopoly organization. It unceremoniously turned La Fol lette out of the last national convention, and when, a few days ago, the committee had a chance to fill a vacancy in Wisconsin, caused by the death of Postmaster General Payne, it took one of the most conspicuous enemies of LaFol letter, Congressman Babcock, and put him on tho committee in spite of the protest of the La Fol lette state committee. If the president does any reforming he will at once clash with the committee that conducted his campaign. It will not only require moral courage to meet the opposition that now faces the president within his own parity, but it will require moral courage of a high order, and if tho president has only an ordinary amount of moral courage he will fail. If he perseyeres to the end, he will demonstrate the possession of an extra ordinary moral courage. When the democratic party attempted to re form itself it succeeded, but it lost three elections in the effort. Will the president carry reform to the point of jeopardizing the success of tho republican party, or will he compromise and try to patch up 'a peace with, the so-called "captains of industry" who have for a number of years been running the government to their own advantage? Important history will be written during the next few, years. In a battle it is sometimes neces sary for a soldier to sacrifice himself to secure a victory for his cause. The victory which he thus purchases can not be enjoyed by him, but his sacrifice makes him immortal. The president is in a position where he must either advance at great risk or retreat. If he goes forward he may lose his control of his party he may even cause divisions that will jeopardize his party's success, but he will lay the foundation upon which an increasing number may build. Has he the faith to look beyond the valley to the mountains? Has he such confidence in the triumph of the right as to be indifferent to the toil and trials that lie between him and a victory for the peo ple? Has he the courage to be a reformer? JJJ SPECULATION CLAIMS ANOTHER VICTIM The embezzlement of more than a million and a half dollars by President Bigelow of the First National bank of Milwaukee, brings the subject Of speculation into prominence again. Mr. Bige low admits that he lost the money speculating in grain. He was using trust funds for his own en richment and had he guessed right on wheat he could have paid the bank back and concealed his crime, but when the market went against him, his sins were discovered and during tho term of imprisonment which avaitg him he will have time to reflect upon the evils of gambling. In the case of this. bank the wealth of those connect ed with the institution will probably bo sufficient to protect depositors, but this does not excuse the conduct of the president. There ought to bo laws, state and national, making it a criminal offense for any one handling other people's money, to speculate either on tho grain market or on the stock market. Such laws would havo saved thousands from disgrace and death. They would strengthen trustees to with stand temptation. It is not sufficient to punish those who lose; those who win are encouraged to continue until they do lose. Not only should wo have laws prohibiting speculation by trustees, but we should havo laws i