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About The Loup City northwestern. (Loup City, Neb.) 189?-1917 | View Entire Issue (Sept. 14, 1900)
BRYAN’S AVOWED AID AND COMFORT TO AGUINALDO. Indications that the Democratic Leader and the Filipino Insurgent Have a Very Sat isfactory Mutual Understanding. AGUINALDO WANTS US TO SUPPORT HIS "REPUBLIC." We Are to Hold the Bag and Keep Off Other Nations. W'hile He Is to Get All the Benefits—Aguinaldo Admitted that His People Were Divided as to Policy. Gen. Whittier, of (Jen. Merritt’s staff, called on Aguinaldo by appointment at Malulos (see page dirt!, Senate Docu ment 02, Treaty of Peace papers) und had a business talk with him. The sub stance of this conversation has become much more important since the Demo cratic party has committed itself to the ^ Aguinaldo policy in the Philippines and r since the Democratic candidate for the presidency has accepted that program, added to it the Monroe doctrine, and is pressing the campaign upon the theory that tlie “paramount" issue is a protec torate for the Philippines after we sur render them and to cover them against the intrusion of Europe with the Asiatic annex of the American doctrine of Mon roe. There occurred between Gen. Whitlier and the Tugnl tyrant a thorough conver sation on the subject of this American protectorate of the Philippines. Gen. Whittier loid Aguinaldo that in a few days he would go to Puris to appear be fore the peace commission sitting in that city, ami the General added (to quote his own official report of the conversation): “I started the talk by announcing to Aguinaldo that I was to leave in a few days to appear before the peace commis sion, and tliat I had a very friendly feel ing for the Filipinos and admiration f>-r many of their good qualities, their quid, cleanliness, temperance and great imita tive power, and a possibility of learning almost any profession or business; that I would like to be able to present to the commission his and his people’s views ' - and demands and what relation they ex pected to hold to the United States ill esse we decided to keep the islands.” l't will be noted that Gen. Whittier ex pressed himself fully and clearly, lie said: “Aguinaldo replied rather naively, that, ids people were divided into two parties —those in favor of absolute independence ami those of an American protectorate; .. that the parties are about equal; that lie T Is waiting to see who will have the ma Jorlty, in that case to take his position.” ThU report of what Aguinaldo had 10 snj about a division of opinion between Independence and an American protecto rate is much more interesting just now than it ever has been. This conversa tion was nearly two years ago. Aguinaldo bad made himself troublesome at line coor. and his removal to Malolos, it is evident now, was a step that meant pre parations for war with the Americans, lie found he was not to be admitted to Manila, Hnd made choice of a position on the raiiroad from which he expected to turn and capture tiie city. He was en gaged in this work when Gen. Whittier calbd upon him, and eluded the pene trating question nsked him by saying: “The parties among his countrymen :n respect to absolute Independence or an American protectorate were about equal, and he was waiting to see who would have the majority to take his position.” Aguinaldo hud this habit of avoiding giving a straight answer to a strong ques tion. Mr. Whittier told him, and it would be well for Mr. Bryan to make u memorandum of what Whittier said to I Aguinaldo, and for the people of the k United States to study it closely and seriously, for precisely the objections to Philippine independent government that existed then exist and are more obvious now. Gen. Whittier said: "I pointed out to him that it would probably be useless to try to bring those Id favor of absolute independence to any change of opinion, but they must euti aider thut they are without any navy and without capital, which is greatly needed for the development of (he country: that the Philippine government alone tli.l not posses* the element of strength to In k sure the retention of the islands without the assistance of other government*. They would be at the mercy of any of half ft dozen power* striving to take eith er a part or the whole of the islands, mid they must consider that their greatest J prosperity would cotue by the gradual " accession >f power under American aus plceg." This was to the point mid Aguinatdo was disturbed. There isn’t a particle of doubt that he httd already fully made up hi* mind to make war for complete in dependence without any expectation or desire to please the I lilted Htates, hut it was t is * early for him to avow hi* pur pose. lie knew lUH’fecUy that hi* view* of carrying on * pcr-oual government could llot be in < eplahle to the people of the I Titled State.. The reply of Ago!' naldo to Whittier ami remark* upon a further quest ion »rc of sensational pith • ad inollc ill now leu Whittier'* re port is quoted a- follow.' “Hut the cit tilled nations of the world Would see that IMtl possession* were Hot tak> n front n« " I icphed "II iw ha* tt been in t’htou, w lo re Imglaml. Hu..la. I ram-e, t. nt i ny * rtr , all strive to cieti * rot tetri *ot| r T«* th>» be C'ltM make no rep!* I further asked what lha sole would i tt • • \ - a, a< * g tie * i ■ te.-tor, t» do |(e e nd “Tu furnt.h tbe »*•»*. W t!i» I fit. ’ I - I * ' *' * •dm > * *%||4 H|t4t, llNHI, * I t Inin lit**?' t "That Woubi t*> a 4»t ad," k* *aid, "whteb would ha aatlted k»i*»M»» tlaa kkatttiar •4u»: ' Wa pursued Uta I subject of o protectorate for some time without getting any satisfactory results." Mr. Higgins (a friead of W'kittisr who accompanied him) felt that Aguiuaido hud bceu simply repeating a lesson, but 1 did not feel so sure of that. Hueu Oa mino, a close friend of Aguiuaido, was present ai this conversation, but came in and gave ids opinion—be was ta inti mate uf Aguiuaido—that the President was in favor of an American protecto rate. Certainly he would tie if it was the end of a series of propositions such as Hryun lias presented to the American people, which proposed plainly the turning over to Aguiuuldo the American army and navy whenever he hus a government in his own hands stable as to bis authority and independent of any other authority. Tlien tin- time comes when the protec torate will be vital. The American duty us a protector is to stand i f!' the powers named by Whittier —England, Russia, France, Germany, mid .inpun is to lie included, and what arc Americans to get for all this? We have already the answer of Agui nuido: “A detail to be considered here after." It is a question whether the Americans are to puy their expenses while in tlie service of Aguiuaido. Aguiuuldo's state ment of whu> lie meant w as made more lliuii two years ago. He said the same tiling to me, with u little less detuii, on the «7th of August, 18!)8. The l*i*inoi ratio party lias submissively embodied the Aguiuuldo plan in its plat form, and Mr, Hryun bits exploited it in liis speech, slid us u personal contribution lie lias slung in the Monroe doctrine in such a way that i? he were President of tin- I'niled States be would have the al ternative of bucking squarely out of it, or warring with all the nations of Eu rope that are determined to pursue their colonial system. It is well known that there lias been a good deal of correspondence between the malcontents of tills country and the in surgents of the Philippines, and tlie* symptoms are that Hryun and Aguiuuldo, who constitute a mutual admiration so i ioty. have been directly or indirectly in confidential communication. Why not directly? Each of them would feel himself hon ored to have so distinguished a corre spondent. They have much in common. Each anticipates being the ruler of his own country and is in a state of confi dence that he is going to be. The first thing Bryan would think about would be of soothing the enemy lie denominates "our ally” by entering into an alliance with hint, offensive and de fensive. This would require a good deal of letter writing, and they have worked their three points down tine. The Philip pine resolution in the Democratic plat form and the Philippine proposals of Mr. Bryan in his acceptance speech are in tin* nature of a protocol, and if the Fnit ed States is ready to submit to serve Agitinaldo as a protector, and do it for nothing, maintaining a great licet and army to do it with, Aguiuaido would not lie foolish enough to olfer objections. Bryan offers him plainly to play his game and has put in the Monroe doctrine as a trump card to scare Europe. Hryun lias invested everything he has got in the Malay business. There is a striking resemblance in one respect between Aguiuaido and Bryan. Neither lias ever been elected President, but both are assuming the duties of the office, each attitudinizes ns‘the personifi cation of the nation. Bryan liusn't us yet appointed himself to anything. Agitinaldo can teach him the trick. It is the profound faith of each that lie is by and for and in himself ini E Pluribus I'limu. MURAT HALSTEAD. Veterans Indorse McKinley. Yeterana of the O. A. It. held the ripening business session of the encamp tueiil Aug. ifll in Chicago. Joel M. Iciiigenccker, commander of the Illinois department, pi lift'd the leading role at the meeting, which took place in the Ktudcbakcr Theater, and before be bad titiished his pari I'reatdeut McKinley bad received tile indorsement of veterans, representing posts throughout the I'nitnl States. The out I m rat came spontane ously and suddenly and the es-jndge'a commendation was emphasized with a live minute Uciu»nntration. In which aged men forgot their year* and clamltered upon seats and yelled frantically. All this happened while Mayor Harriott, who hid JU*t Welcomed the Veteran* for mally to the city, aat don* by, grim, tin moved, silent. The III u»ts eoiutnntid. r, in hi* turn, waa lett.leiitrg the hand of greeting in bs half of Uf* department and waa landing tile toroe* that Illinois had turn** I I»ul «ll*l tll.il |t!in«»t«, h «H I Ml lintitl Kith IU# AllltiK, Am* f«*ll uft l.lH.vrit* IrtTlI i !»li* n| M«t ilf|t| lilAAl Mini |, ,|at) ll« tfei« 11hiM*«- t<i »it if*4 mi l 1*1* ruilar * i« avj until j «%tti lirtit<iilK tW itritA ill MfilMVl. M Vtt'l *a Kltv I» VA |MUA‘I *•# 41 ra<l«* *Ik> iM-t m » A|t!v«) t K** riiaif ffour •bout**! t a Ml alaf| AhiI*4 » 4AI f*»* pari Miur* «• m lit l*# ppaHal if km* | Ue flffft (till |t*vl#4 I Imp • 4<«vA hiii*»4 I;*• M|t fkart U IN 4**^1 i*| ii ■* tl*** Ura*4 Am»» it till t^«ai**4* Mt 1*4 Wlli “DEAR BOY” LETTERS—NO. 4 _ My Dear Boy—As an American citizen I am happy over the vast progress made by the United States during the admin istration of Wm. McKinley. It 1* true that the increase of our wealth, the enlargement of our posses sions, and the position which we have gained among the nations of the earth, have brought to us a vast increase of responsibility. However, this responsi bility caine to us providentially, unex pectedly and unsought; and, if we are true to ourselves and to righteousness, the God of nations will guide us in the future as in the past. It is also true that there are some snd things to contemplate in this connection. War is always sad, utid we have had practically three wars on our hands. None of them could be foreseen four year* ago. We were pushed into them and it la a good thing that we bad so wise a pilot at the helm in this critical period of our nation's history. But while there are things that make one sad, there ure many more to make oue glad, and it is of these things that I wish to speak. First—The belter state of feeling be tween the North and the South. You were born since those old days and can have but little idea of the intense bit terness engendered by the Civil War. It was a common saying at the close of the war that it wsuld take several genera tions for the enmity to pass nwuy. Men thought it impossible that North nnd South should come together heartily dur ing the lifetime of the men who fought the battles and the women who gave their husbands and their sons to the Northern and Southern causes. Gradu ally the feeling between the sections be came better. We made a long stride forward during the aunimer that Car tield lay dying aad the whole nation, North and South, watched by ills bed side in anxiety, hope and fear. But tlie Spauish-American war finished the trou been that the Yankee is simply a shrewd trader and inventor, with no soul beyond ! the Almighty Dollar. It was an awak ening to them to discover that American gunners are the best in the world, that American warships are unequalled, that American soldiers are unsurpassed in courage, discipline, intelligence and effi ciency, and that Americans light, not merely for money, but for ideas, for lib erty and for the deliverance of the op pressed of other lands and races. And in the present trouble in China the Unit ed States is winning the esteem of the world, not only by the success of our arms, but by onr careful, dignitied, judi cious diplomacy. Fourth—I rejoice in the increase of thn nation’s wealth. In Cleveland’s time we wore a nation of borrowers. Now we are a nation of lenders. We are a happy and prosperous people. Meanwhile, the twentieth century dawns upon us with tremendous possi bilities in store. .lust what is before us we do not know'. But there is a mighty shaking among the dry bones and in dii-alions of tremendous steps forward toward the coming of the kingdom of Clod. My part in life is nearly done, but you, my son, will live to see the mighti est epoch in the world’s history. Be honest, be true, be Christian, and BIO AN AMERICAN. l*o not vote to ‘‘Swap Horses While We Are Crossing Streams." Vote to keep at the helm the man whose steady brain, loving heart and true hands have under Clod guided the ship of state so safely through peril to a new birth of national glory. YOUR FATHER. Remember. REMEMBER ’92. During the cam paign of ’92 you thought you were too busy to take an active lnterc-t In poli tics, Remember the result: Consternation. Ross of confidence. Empty pocket hooks. Vicious tariff laws. Emergency bond issues. Rosses In business. Assignments. No employment. Distress. Do not make the same mistake this year.—Marion, Ark., Herald. I LABOR WANTED. I j In a recent visit to St. Paul the writer passed up Third street and ♦ X nenr the Merchants’ Hotel n inun was busily engaged iu tacking up X ♦ signs in front of an employment agency. This attracted our attention and X x we stopped und read the following bulletins: T ' ' WA.TfKU. * Men for sawmill work In Ml one * | sola. $l.do per day. < ► ---- < » -- * * Teams for city work. — < ► --- < > Fire iueu for clay < > bunk. < ► ___ < ► _ < > Teamsters ami scraper holders | o in city. i > . Hotel cooks. 0 -— -- --— Ten men to work on dam ut Sotner J J set, WIs. $1.70 per (Jay. < > ---- , ► - < ► Ten men for fencing In Iowa. 1 ’ $1.75 per duy. WANTED. < > Camp rooks for < 1 the woods. < ► Huwyors for White Rude < > Lumber Company. < i Woodmen In Rhinelander, Wls. $2ti to $:tt) per mouth. z=z=z= <> Hands for harvest fields In North ,, i Ten laborers In city. fl.fiO per day. l’ay every week. , , ---1- , , -- » Men wanted for North Dakota. 1 * $2 per day. ' | - ... , , Woodmen; the IMne River dumber <> Co., Moran, Wls. $28 per month < » and board. < > In the fall of 18'J5 we passed this same employment agency and this Is <► 0 what we saw on the bulletin board: !! WANTKD. , WANTKI). < > ♦ ♦ o - ♦ o < ► < > < ► - < > -- < ► < ► ♦ l'n IS!>r>, which was the lust ye n- of the Democratic Cleveland admin- ° T istratlon, there was a 1110b of id - men in front of this place begging for 2 a job. while in 1!«)0, the closing year of McKinley’s administration, there <► ♦ are plenty of jobs looking for men which the employment agent cannot ° X supply. \ I ♦ This same condition was and is true of Minneapolis, and no doubt of <► T every city in the land, and the le-son it tenches is obvious,—Waseca, 2 Minn., Jonrnal. ,, aa4A444444#4A4A44*4444444«>444AA44AAAAaaaaaaaaaaaaaa. 1 Conditions are the same everywhere. Here is a sample poster that is on everv fence, Kate, door and post in a M iehigan tow n; MEN WANTED! GUI . Dock, Gladstone, M l n. Ole. When Joe Wheeler and Fitahugh l.ee i>ut on the blue Mild called them j selves “Yank-," when the sons of ti e Union soldier and the soils of the t'on fed e rule soldier, side b> side, won vie furies for America, the lies ft of the North and the South entile together. I ; rejoice with joy unspeakable that 1 have j lived to see the day when 1 arid my com notes in arms for the I iiion can clasp the builds of our former foes and roll annulate each other ou the prosperity and lucrensiug glory of our common cmiu j try. Second The egpauslou of American ; territory. It has been going ou for a hundred years, anil never more glorious ly than now, The Amerieau spirit is that of expandon. it was uu Amerieau , hoy who set the lien on forty seven eggs sad told hi* mother that lie did *o v cause he “wanted to tee the blamed old | thing spread herself." to keep spread Ing is an Instinct of Americanism. And I don't you t>e otic bit afraid, my hog, that the old mother American esyb will not I* able to loner safely user all the eggs she ego tind Y»u s>e, my boy, I think that the best thing the whole world can do t* to asttle dotan i|uietly sail b* ('sited State*. I have a profound pity for miMt >>i» th* earth who b» s not live under the pr-s leeting folds of the star spangled banner Kvery dr 't* of pint faillei's kind is piisrh t'1 iril It hi, • i o ith del.gnt it 'ne gilt of l(*w III 1'wrio It •« an | II,* 1'kltpl‘isr a-ided Is oiir k merle** p.,* session*. I r*e. slf sty* Its ihm rUU*|A aff !•«*! *• | i i«4^i mmm •• * # • tmi4 •lulu Nt M«ii( nil iH# > h*44« * 41 fe) M f it# Hd| UfM l4*th|^l Mr**i||| 144 » *rf| !•.«»*# il m**|. h* *| blttetH 4i4 mm <1*4 l)tf *•*#%** ill I few* fvtlltfv Tit d I raj,,., St th, m, reas. g f* sgeci for *> ,.ltt am-Mg th* aai, «* I isf th* earth Msad* Hay Mrslbi **( 1M«a Jots *Yf* rH«i4tniK« |# tit* in U*M 4ll U IMl* #»!«• *41 Hearst for Expansion. Hryau'a Chicago paper, the American, owned liy W. U. liearat of New York, San Francisco, Chicago, Denver and prospect!vely of Itidixun|tuiiw, in rom j mentiug on the growth of Sun Francisco, ! said: I he manufacturers and the producers of the l ulled .States reaching out for new market* to the westward will send their 1 product* into San Francisco for trans shipment to the great steaiuera lying in her spacious harbor. The people of the Cast, of Chiua, India, the Philippi: <-« aud Hawaii, will *11 turn to this gieat port to make their purchases and to transact their foreign business. "1 he rush for gold la in less great tie day than it w a* thru. but mutt 11tt«f gob) in nun «%,'».*« now. Thu g » nt i*4|itaina of itniuntry no botgur tbivt- it out uf th# #arth. but win It tit th# l« >* '<ggr«| but •|Uite a* (»ruMUbl# Uu# uf tr»*it ami «.nu ut# ret. “Tb*r» u a fit Huitiuii to «tu> t« tit# tutu a ho »«hmU hi* at barring hi» g<KM|a to tbr t,tr-«.(T Uiitiiil^ of iit— tlUtant r.gato tbr feUml* uf which th* pu#t» |u%« I bi aitig. but t»war«| Which ttfeijr within | IS'# Uat (bh ath b • th* f##«* of \h# Amrr hall ntrtrbatti Urn inriia^t ’*Ttir g* abbot ngt of M«n i r tatiMi.'i r imutt'r i# mf )rl («&**« «l timv %h«* ha«i th# lulHf* wh»i tt41ttr# K.'h »-*«*• will bat# th# iDit i ttail it ti j fiiAit iih‘ « ■« | ’ I.-- t * > - t ti * !>,*• j*4i«#w #| ip#* life ^ ^ hat St w V <*» iut bn*#, in* tug 4 t ktif*4U'i lluhiffe that will tms t it» f th# ti i i|i it *a4t‘- if*- it A >4 gi i'tklifept «*t% gfe*| tbr i #« tfir, ith# t I h # -%♦•»# *' t"** * * *t‘-i t 4 tip -*ill f I v bitwm fe«ttt«»fe4 r* h nliut i.-» if n th# MtMffeb t » $t#4# amt #;» t *4i 4- * ' *'• f * fc * h « •• t 4 •# l*f |i a * | 4#triu|>WMfet i t »v| thife t u i ait A *#«>*•*. Aofe A DRUMMER DISCUSSES FORMATION DF TRUSTS. They Have Never Succeeded in Creating a Monop oly Because There Never Can Be a Monopoly of Brains—Competition Always Open. WHEN THEY GET GREEDY THEY BREAK THEIR OWN BACKS As They Transact Business on a Large Scale, They Are Able to Buy Cheaper ard to Sell Cheaper to All Consum* ers—No Trust Can Hold a Monopoly. r have been a drummer for feurteen years, have traveled enough throughout the country to know that human nature asd business conditions are about the same everywhere, and have learned, be cause the question has come right home to me, considerable about Trusts. Perhaps this seems like an •ver-conli dent statement, but 1 want to say that if any drummer, or anybody else, can gainsay what I am now writing, I should like to hear from him. lu this discussion we must, like busy meu engaged on a hard business proposition that actually concerns us, eliminate all the pipe dreams, all the cheap stories, all the Hun garian jokes, all the stuff and nonsense; we must get right down to cuses ns 1 will now. First—Remember that trusts are big combinations for business purposes; big ger and bigger, if they are necessary, and can do themselves good by being bigger and bigger; smaller and smaller, or fall ing to pieces altogether, if they can't do themselves any good. It is a little vulgar to say that every body is “out for the dust,” but every body is, just the same. To be a little more exact, let us believe, because it Is perfectly true, that anyone who has gone into a trust, or has helped to form a trust, has done it for what he expects to he his own advantage. Anyone who is opposed to a trust will succeed in inter fering with it, or breaking it up, just in proportion as he, aud not the trust, is working in harmony with some economic taw. Economic law is a large-sounding ex pression, but 1 know wbut it means. Years ago, no mutter how many, there weren't any factories; people made tilings at home. Afterwards they gathered in factories and made things there. Then came machinery, which displaced many of the work people. This was a hard ship to them, but they couldn't help it; and after they got over feeling badly, they were glad to live under the new eon ditions. Years ago Jones A Son, or Jones A Go., had capital enough and brains enough to do everything that was requir ed of n business concern. After a while no partnership had money or bruins enough for the business requirements of the time. Then corporations were neces sary. By the way, corporations are char tered by State legislatures, and what State legislatures do for them, or to them, they can undo—provided, of course, nobody is wronged in the process. Please keep that all in mind, because it is im portant. It is important to know that corporations, and after them trusts, are creatures of the law and can’t transcend the law, and since we, the iieople—the peepul, Mr. Sulaer would call us—elect the lawmakers, it is our own fault if the laws don't suit us. Come down to the present time in this matter of the development of industry. This matter of the development of pro duction, manufacturing and commerce, is, according to economic laws; that is, ac cording to tilings as they must absolutely huppeu, according to things that couldn't happen any other way. Just as machin ery has more and more replaced hand work—greatly to the advantage of the manual laborer in the end beeause lie could turu to lietter tilings and could make more money at it, and could buy the necessaries and the luxuries of life cheaper, beeause they were made cheap er by machinery and could la* sold cheap er-SO oil the financial elul of it, ill the way of providing and using capital, in the matter of selling in hII kinds of marki ts, there has lieeti a corresponding change; lug capitals taking the place of small ount, ulnar! rrllnwa lining mil tnul imk liliK all tlm |i| iil>lriliH of iit« nil mil, riiui tuiiit**, travrllB*. K.’IUna, ailvrrliitilia. t*lt\, IgttMil of uhjfaal.: ■ 1 • •.• i*i ■ ■ i imratioii i« |»rrtly ubl, thr tru»i fairly iifW. Wlimt l!u* tru-i t|Mi|i|>«.| ili.»n m» • iN uk ttolbina lit*w hit|>|H.nnl ui tiurllmlar t*»r*|it that lui -■*•>• noil I. jfc'i i' rnr|Hira* llmiK Mi'f.' l« tulip tin* |ila>i* uf tbr nlili*r Mini MtUiilb'P Hlitm. Harr art*. tin Ii. ilnwn In tht* lift** i t litin* HiuIimm «m liitil iii until 1M am) m Hlltnirt'.la, Jfr», Ih'in- iIuIk, Ilf til 'll •ffai IttfTiJnlil»T« rttrl tin haul* ki'Ip flat Ii-lit •! nut: Hr*t, lit ih* mi* .•lititutttiy bant miuliiniiiK lirouabt utnut I in' III l.t lb*- t’li'*.,ini| |i*nli, ai"i Itiii !•> <t l I ■if Miruttural wi ,iitu«*« in ibtlr hu- ih>« riHM'd lit thr tlultM.p nf t'lUttin ttii ii Tb**r barii litiit *», until t tbit in. tin Irai r**m (trill Ion inort Wrulriiliig llntn It t'ttllUl lift h|t» In II Ultti' ' nt 1 t itH itlinniM. Mtaili* tbr f> rwimi of .<11 l»f ll.l'IM thitt ft-tj. I ),*»'..'•* I" f 'll 'K l tvvf rit| i'u* u tiiuf i' 4frf m. i Ii4 *0 rnliup tbr (lob iiir t# tin ■ in » lit tt "f In IM4i AIIIt II ill .1*1 It' *41 I ■ r«| nf a ' *.-yi«k II n n.'i l (*».* • II* ,4 4 t'Kt. i.f * i r* • -• ,m * in t-i .*iM> i 'n ao4 -Stii <a.i >a Unit it* nim A.’illuf alutw «*- -I i>- »*» r*4b«r, ItlA' Munkl W WA’iAnl tltv fc» HHi'Al h# 4n-l lit# • ** ifc*4 I 9 iUct Nt iAf ltsJi» Hvf \m few KHliWi tU'U#* Hi* *ng|'*l* I ihIwi fnHwg !b# * liltilp • 5a*>4 if I** “g Ih# mb* Iii llM N • *« (m*m* It lit# There was peace. There were economies that could be effected and that he wae a fool not to effect. There was a chance to steady things and know whether he hud anything in the world or not. Pos sibly there was a chance for protits again. This was the ciiunce for the promoter and the underwriting banker, or what ever you choose to call him, us well as for the manufacturer. If the manufac turer hadn't been In the condition de scribed, the promoter and the hanker couldn’t have done anything with him— or for him. It required cash money, or its equivalent, in guaranties, to buy, or partly buy, one plant here and another plant there. This the underwriter could furnish, it required the promoter to see about it nil. Hut the promoter’s employ ment didn't last long. Where is the pro moter now, by the way, and where is the underwriting hanker? Things have been golug so well in the last two or three years flint the niunu facturer, the man who used to want to continue, doesn't want to combine any longer, lie isn't tired, lie has plenty of capital, his machinery is buzzing, he la selling twice ns much stuff as before, probably just ns much abroad us at home. There is a ciiunce for all. Competition is active, but buyers are not haggling shout the price quite so much, or at least they have got some money with which to buy something once in a while. This isn't saying that trusts are not now forming, and that many more of them, a great many more, will not be formed. They are forming, and they will tie formed; but they will only be organiz ed successfully where there is some econ omic reason, some reason in good busi ness economy and judgment, why two, or twenty, or two hundred concerns should pool their issues, cut expenses and lop off the dead stuff and get there In true business style, whether ten men or a thousand men are required to do It, whether u hundred thousand dollars or a million dollars are required to do some thing in this, that or the other part of the world, or In any old part of the world. Now without going into definitions too much—especially since we are agreed what a trust really is—let me say that a trust, iu iuc ngui acceptance or mo worn, Is not a monopoly. It can't be, or if it thinks it can be, let it try! Ten to one, yes, u thousand to one, it knows lietter than to try. The Standard Oil Com* pany is not a monopoly, and I’ll wager, if the trutli were known, that it makes money by its methods just as much ua it does by the volume of its business. Judge Gary of the Federal Steel Com pany—a little two hundred million dollar corporation—which doesn't monopolize the steel business as I notice, aud proba bly never will while Andrew Carnegie and a few other good scrappers nre in the field—says that a well-organized and well managed trust is all right up to the point where it tries to monopolize its pro duct. There it over reaches itself, it gets into danger, it invites competition, HDd this, mind you, is the competition of giants and not of pigmies. Mr. F. O. Mathiessen, once the chair man of the manufacturing committee of the sugar trust (and I don’t know of a higher authority that could lie cited), says that the Glucose Trust, which, 1 believe, lie organized and is at the head of, is in the field for onlv about seven tier cent for its stockholders; that it would be folly for them to try to squeeze more out of the consumer for their Investing capitalists; that plenty of money and plenty of brains (for liraius and money are two commodities that nobody In the world can corner iu a thousand years) eoidd go right Into the field agaiusi them and level them down to the seven per cent basis as quickly ns Itrother I try an can turn a political handspring. The Glucose Trust, you understand, might not hesitate to squeeze an eight or u ten per cent dividend out of the consumer if it thought it could succeed in doiug so. It can't succeed, and it kuows it. A HIM’MM Kit. (To be continued.) EQUALITY OF MONEY. tMItIvar'a Olijcct l.muii in Cummer* il.il Ireilit mikI frmlv. Here no l lie America ii people stnn>i on the Mice uf a new era we pro|Hwe to •n|iiip our lutaineM world with the heat too) of eXcUnuifc known to modem taut* i «*r«*e, We pro, .eu’ to M ini our *iui>a into nil part* of tlte woritl a* we have Mitneil our Ha.* in the iiiiermont parts of the earth. An*l we w.iut it un4er*tou«| in Kuro|M* ami Alueriea, in Africa, in V* i. aioi the Manila of the sea, that ! Ho •• i* ii i i-.ii*. r a debate In the I uiiert I Mlal * a* l« what toe •tamlartl dollar if ike .tlllr< lean people ia. Wi* are noii*a to writ* in the law* uf j this com! i» w hat h< a ire** <1> Iha pr a )** I me of uttr i»o*»iiiHeol, that i o r) »14l j aale !* uf t iu | o.H .1 Ml sic ahaii be paid i it * I kb fen ,i man o>u * * to (i.» . ia* I ter uf liar ii^tiNtt we are puui to Uf I ifowtt two i*.in* to f»«re Mat, tine 4**14 4*4' tt .4 I to at* lo hint I *i» are ike 'lamia*4 i« o* *na ,f | fhent i« a* *>■•( aa lh»* ulWf. g 1 la { the •tanilad ami *llt*t km iutluriMklt I io that *.* lord Aw4 ihe *tv4ll »l tna | I nil I Ml* >1* OMt to Make u*>* J *l *a j 4'- -I a* lkr taam tuot *huiaw " V , f»«r • n I >■ **'•• that a he a it la ... ti" it * i *« ..ii #.a the a 1 .i*a4 «r4 >*» • a 1-4*1 e*|*4ni*ti of aU Ik* • **iaa if the I Mr I M<«ie* Ktiirrl fiom | *fre«*h of t *nar«H)Uiaa IhiiiW.
