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The day book. (Chicago, Ill.) 1911-1917, December 16, 1911, Image 9

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1911-12-16/ed-1/seq-9/

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TRUSTS DO NOT LOWER PRICES
Louis D. Brandeis completely demolished the defences of the
trust system and squarely joined the issue between standpatters
and insurgents by his speech in support of the LaFollette bill before
the senate interstate commerce commission.
He proved that the trust is wasteful rather than efficient, and
that it has succeeded as a business .proposition only when it has
been able to arbitrarily fix. prices by virtue of monopoly.
He demonstrated that the steel trust has been beaten in the
world market by the independent manufacturers of Germany and
England.
He showed how the, trusts have destroyed trades unionism,
reduced wages, increased the working Jiours, driven Americans
out and brought foreign immigrant labor into the mills, and planted
seeds of misery and hate that already bear the poisoned fruit of
violence. ,
He, exposed the injustice and futility of the tobacco trust settle
ment effected by the United States supreme court and said the rule
laid down amounted tq this: "What man has illegally joined to
gether let no court put asunder."
In contrast with this record of the trusts he presented instances
where prices have been reduced and wages .raised in industries
operated under free competition, and he declared that economic
progress and sopial welfare alike require that when capital has re
ceived a fair reward all remaining profits should go to those who
actually do the work. , .
Mr. Brandeis' tremendous arraignment of the trusts' false pre
tenses and unanswerable argument in behalf of the LaFollette bill
to enforce competition is really a very important development in the
presidential campaign. It leaves Taft and his supreme court
squarely in the arms of the trusts and points to Senator LaFollette
and his constructive measures' as the hope of those who would pre
serve any semblance of liberty and equality in American industrial
life. V
Practical Advice.
"Speaking of etiquette, did you
send the dollar for those adver
tised instructions on 'What tq do
at table?' "
"Yes."
"And what did you get?"
"A slip with one .w.ord printed
on it: 'Eat'!" Boston Evening
Transcript.
"Nobody loves me. .I'm going
out in the garden and eat worms"
is the middleman's constant re
frain now-days. He's getting'il
from every side1 also the ronts
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