The Commoner.
Oct. 3t 1903
lie opinion on this subject Hero Is a field which
will give imperialistic ministers employment for
the strenou8ness which thoy are now wasting on
the Filipinos.
Republicans Can't Reform Tariff.
The St Louis Globe Democrat says: "The
talk of tariff tinkering by the republicans should
be brought to an end promptly." The Globe
Democrat is right in declaring that the republican
party will not reform the tariff it might have
made it stronger and said that the republican party
.cannot rcjorm the tariff. Why? Because, it is
dominated by tho protected interests and has fried"
out the fat regularly in return for legislative priv
ileges given, Republicans do not attempt to defend
existing schedules as either right or necessary;
ihey simply insist that any reduction in ono
schedule would menace the entire system.
Every article included in the tariff schedule
was included at some one's request and that per
son would object to any concession to consumers.
Tho helplessness of the party reminds ono of
the story of tho tramp who went into a clothing
store one day and, when the proprietor was not
looking, picked up a coat, put it on and ran out.
Just as ho reached the street tho merchant saw
2iim and shouted: "Stop, thief; stop thief," but
fche thief did not stop. Then a policeman joined
in tho pursuit and called to the thief to stop, but
lie only ran faster. The policeman finally drew his
revolver and threatened to shoot Tho merchant
eoized tho policeman by the arm and protested:
"Policeman, if you do shoot, shoot him in tho
pants, tho coat belongs to mo."
Tho republican party Is in no position to shoot
tho thief; it will always bo restrained by somo ono
who Is Interested In tho schedule whero tho reduc
tion is attempted.
JJJ
Which Does 111.
The Des Moines Register and Leader says that
there is no difference between tho Iowa republi
can state platform and tho leaders of tho republi
can party.
What him tho Register and Lcador to say of
Congressman Cousins' charge that tho tariff-trust
plank in tho Iowa platform was "a dirty, Ho?"
Tho Register and Leader declares that "tho
Iowa platform draws a distinction between trusts
and monopolies as President Roosevelt drew it In
his' Cincinnati speech." In his Cincinnati speech
Mr. Roosevelt said:
'If in any case the tariff Is found to foster
a monopoly which does ill, why, of course, no
protectionist would object to a modification of
the tariff sufficient to remedy tho ovil."
It will bo observed that Mr. Roosevelt did not
draw a "distinction" between trusts and mouop
olies. He did not say that "if In any case tho
tariff is found to foster a monopoly, why, of course,
no protectionist would object to a modification of
tho tariff sufficient to remedy tho ovil." But ho
did say that "if in any oaso 'the tariff is found to
foster a monopoly WHICH DOES ILL," mark tho
words, "which does ill."
According to the Iowa platform all monopolies
are evils.
According to Mr. Roosevelt there Is a "good
monopoly" and thoro 1b a "bad monopoly."
The Iowa platform would doprlvo all monopol
ies of sholter In tho tariff.
Mr. Roosovoll would destroy tho tariff sholior
only to a monopoly "which does ill."
A Correct Estimate.
Boris, tho Russian grand duko, who recently
visited in this country, has shown himself a good
judgo of tho omptincHB of our high socloty. When
ho reached Par's ho announced that ho was thero
to rest awhile and recover from tho galotlcs ot his
American trip. In commenting upon tho smart act
at Newport, he said:
"Though it Is ungrateful In mo to crltlclao
my hostesses In Nowport, who nro among tho
most graceful and courtly womon to bo mot
in any country, nevertheless it Is Impossible
to bellovo that thoy enjoy tho social life which
they have created. It is business with them
rather than amusemont Whllo their husbands
Ftruggl' fcr tho ascendancy In Wall strcot
tho wives fight anothor grim battle In Now
port Many distinguished strangers, whllo vis
iting thoro, must feel that thoy aro not feted
and ontt.rUiincd for thomsolvcs, but because
they furnish stakes in a merciless game.
"Newport in itself constitutes tho most
fantastic Httlo country I over saw. There ono,
walks on gold, breathes gold, talks, thinks and
dreams gold. My visit to Nowport will al
ways rank among tho most interesting and
blzarro experiences of my life."
. . 1 , ,
- THE' MORGANIZATION OF -i-i.w
zatlon and over Organized in Tho Unit-
AMERICAN INDUSTRIES. j. ,, ,8pp.
It must be taken for granted that any people
who would turn their backg upon all argument in
order to yield to the "let well enough alone" plea
have failed to appreciate the situation confront
ing the'm.
Individual consumers have felt the impositions
made possible under republican policies; and while
today all over this country there is a general pro
test against the impositions of the trusts, it is
true that tho real condition is not fully under
stood, even by those who, as Benjamin Franklin
said, "being required to feel are best able to
judge."
It has been stated, and understood, in a gen
eral way that since the republican party, under tho
influence of Mark Hanna, came into power on
March 4, 1897, more trusts have been organized
than existed in all pro'vious vistory. Prior to the
Mark Hanna regime a $10,000,000 capitalization
for a corporation was regarded as an immense
iigure. But'since the republican party, under Mark
Hanna, went into power on March 4, 1897, a $10,
000,000 capitalization has come to be the minimum
rather than the maximum figure in the contempla
tion, of those who are interested in making com
parisons. r
S'ncf llo republican party went into power fivo
years ago many trusts have been organized. Ono
may obrain some idea of tho immense privileges
which tho trust magnates have under a republican
administration by referring to a statement issued
by John Moody & wo., of New York. This firm
publish "Moody's Manual of Corporation Securi
ties." It is generally accepted as an authority.
In this statement it is shown that J. Pierpont
Morgan controls more than $3,uu0,000,000 worth of
railroad corporation securities, and nearly $2,
000,000,000 worth of industrial corporation securi-
In this statement there is, also, presented a
list of trusts organized since January 1, 1899. This
list Hoes not include any trusts of less capitaliza
tion than $10,000,000. The list a follf250 00Q
Allis Chalmers Co 1901 f 36,250,000
'Amalgamated Copper Co. ... ... .1899 155,000,000
Amen Agricultural Onemical Co.1899 33,600,000
Amer. Beet Sugar Co 1809 20,000,000
Amor. Bicycle Co -" J522 ?''n2n
'Amor. Brass Co 1900 10 ,000,000
'Amer Can Co 1901 82,466,600
Amor! Car & Foundry Co 1899 60,000,000
Amer. Cigar Co 1901 10,000,000
ASeri-GrSs Twine Co 1899 13,083 000
Amer. Hide & Leather Co 1899 33,025,000
Amer. Ice Co 1899 '41,705,000
Amer. Iron & Steel Mfg. Co 1899 10,000,000
Amer. Light & Traction Co 1901 12,127,800
Amer. Locomotive Co 1901
Amer. Machine & Ordnance Co.. 1902
Amer. Packing Co 1902
Amer. Plow Co....; lbdl
Amer. Dy. Equipment Co 1899
Amer. Sewer Pipe Co 1900
Amer. Shipbuiiuing JOo 1899
Amer. Smelting & Refining Co.. 1899
Amer. Snuff Co 1900
Amer. Steel Foundries Co 1902
Amer. Window Glass" Co 1899
Amer. Woolen Co 1899
Amer. Writing Paper Co 1899
Associated Merchants Co 1901
Atlantic Rubber Shoe Co 1901
Borden's Condensed Milk Co.... 1899
Central Foundry Co 1899
Chicago Pneumatic Tool Co 1902
Colonial' Lumber & Box Corp 1902
Con. Ry. Lighting & Refrig. Co.. 1901
Consolidated Tobacco Co 1901
Corn Products Co 1902
Crucible Steel Co. of America... 1900
Eastman Kodak Co 1901
Electric Co. of America 1899
Electric Vehicle Co 1899
Fairmont Coal Co 1901
General Chemical Co 1899
Harbison Walker Refractories Co.1902
International Harvester Co 1902
International Salt Co 1901
International Steam Pump Co.. 1899
Jones & Laughlin Steel Co 1902
Monongahela Riv. Cons. Coal &
Coke Co 1899
National Asphalt Co 1900
National Carbon Co 1899
National Enam. & Stamping Co.1899
National Fire Proofing Co 1899
Nat. Sugar Refining Co 1900
New England Cotton Yarn Co.. 1899
New York Dock Co 1901
Pacific Hardware & Steel Co.... 1902
Pennsylvania Steel Co 1901
Pittsburg Brewing Co 1899
Pittsburg Coal Co . 1899
Planters' Compress Co J.899
Pressed Steel Car Co 1899
Quaker Oats Co 1901
Railway Steel Spring Co. 1902
Republic Iron & Steel Co 1899
Royal Baking Powder Co 1899
Rubber Goods Mfg. Co., 1899
Sloss-Shefileld Steel & Iron Co.. 1899
Standard Milling Co 1900
Steamship Cons. (Tr.-Atlantlc)..1902
Union Bag & Paper Co 1899
United Box Board & Paper Co. . .1902
50,412,500
10,000,000
20,000,000
75,000,000
22,000,000
10,295,700
15,500,000
100,000,000
23,001,700
30,000,000
17,000,000
49,796,100
39,000,000
15,000,000
10,000,000
25,000,000
18,000,000
10,000,000
15,000,000
17,000,000
262,689,200
80,000,000
50,000,000
19,673,100
20,36,400
18,475,000
18,000,000
16,821,500
25,750,000
120,000,000
33,000,000
31,150,000
30,000,000
39,470,000
55,563,000
10,000,000
23,838,400
12,500,000
20,000,000
15,577,000
28,580,000
10,000,000
34,250,000
26,000,000
59,731,900
10,000,000
30,000,000
11,500,000
20,000,000
48,204,000
20,000,000
26,410,015
18,200,000
17,250,000
170,000,000
27,000,000
30,000,000
United Copper Co....; 1902 50,000,000
United Fruit Co 1899 15,369,500
United Shoo Machinery Co 1899 20,650,575
U. S. Cast Iron Pipe tc Foundry
Co. ..T T 1890 25,000,000
U. S. Cotton Duck Corporation.. 1901 13,100,000
U. S. Realty & Construction Co.1902 66,000,000
U. S. Reduction & Refining Co. . .1901 12,808,000
U. S. Shipbuilding Co 1902 71,000,000
U. S. Steel Corporation 1901 -1 ,389,339,956
Universal Tobacco Co 1901 10,000,000
Virginia Iron, Coal & Coko Co.. 1899 18,970,000
Total $4,318,005,646
It must be rather startling to tho American
citizen to learn that so many corporations of $10,
000,000 capitalization, and over, have been organ
ized during the past three years. This same au
thority shows that there aro now 287 industrial
trusts.
Of this number 168 enjoy direct tariff benefits
in more or less degree.
Thirty-eight of these 287 trusts obtain, somo
benefits from the tariff.
This authority shows that 206 of the 287 In
dustrial trusts are more or less protected by tho
tariff and that the products of most of the re
maining 81 trusts are, on the tariff list, but that
their protection is only nominal.
Tho stocks of the 168 tariff-protected trusts
amount to $4,182,812,902. Tho bonds of these
trusts amount to $914,081,110. Tho total capitali
zation of these 168 trusts amounts to $5,096,
894,012. The stocks of the 119 other trusts amount to
$1,580,418,098. The oonds of these trusts amount
to $255,136,100. The total capitalization of these
119 trusts amounts to $1,835,554,798.
According to this statement the proportion of
trusts enjoying tariff benefits amounts to 59 per.
cent; the proportion of capital in trusts enjoying
tariff benefits amounts to 74 per cent
The proportion of trusts not protected amounts
to 28 per cent; the proportion of capital not pro
tected amounts to 19 per cent
These facts and figures are presented in a
brochure entitled, "Tho Morganrzation of Indus
tries." Who will say that these facts and figures jus
tify the American people in giving their indorse
ment to a political party that is known to be in
favor of "tho Morganization of industries?"
Can the American people, in safety, subscribe
to this plan?"
Where is the intelligent voter who will say
that he has anything to gain by a continuation of
the policies under whlcn "the Morganization of
industries" has been accomplished?
N.
