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*a advocate of Jeffersonian Democracy M u And the Lord Said unto Moses, «* Wherefore cries - aßd Lincoln Republicanism. M Speak unto the Children of Israel that they may go VOL. VII. NO. 28. WHOLE NO. 341. MINNEAPOLIS AND ST. PAUL ! VEDV IMDADT AMT torneys and the promoters are quoted f A Axiil vf A Ail A t 0 show tbat all tbe corporations acted together In the matter. “Can there be > aQ y doubt,” asks the court, “after read- THE supreme court of Illinois ing these letter and telegrams, that the MAKES A VERY radical, decis- parties were engaged in a scheme to IOK, WHICH KNOCKS the have all the six corporations shut down TRUSTS “galley-west.” their manufactories and abandon their . business? Can there be any doubt that ALL THE TRICKS and SUBTER- Hamlin, president of the American FUGES brushed aside and Glucose company, knew that the other the people triumph I corporations were shutting down their plants with a view to conveying them to Copies of the supreme court deci- a new corporation, and that in the sion in the glucose case were received in transfer of his plant he was aiding in Chicago yesterday, and were eagerly the consolidation of all the properties in read by lawyers who could borrow them °ne gigantic trust?” and as eagerly discussed in clubs and Relative to the power of the Illinois places of business. General opinion Trust and Savings bank to handle the seems to be that the findings of the financial part of the deal, the court r court are more radical and severe than says: the early synopsis of the opinion indi- “The Illinois Trust and Savings bank D cated. is a corporation organized under the • S. P. Shope, former justice of the su- l aws of the state of Illinois for the pur preme court, declared that it was a P°se of doing a banking business and death blow to the operations of trusts in bad no power under its charter to pur this state. Attorney James H. Raymond, chase the plants and properties of cor who has made a specialty of corporation porations engaged in the manufacture laws, asserted that the court makes a Slucose and grape sugar. Therefore, new, radical and far-reaching pro- option contracts providing for the nouncement of the highest importance, sa l e of these properties to the bank are and which, if it becomes the law of the absolutely void. The proof tends to land by legislation and adjudication in sustain the contention of the bank that other states, will constitute a more radl- was a mere repository of these papers cal remedy against trusts than has yet but it went further in its assistance of been proposed. He claims that it will these parties to carry out their schemee prevent monopolistic combinations of than merely to act as custodian of the corporations and render congressional papers.” action either with or without an amend- Speaking of the form of trust com ment to the federal constitution un- binations, the court says: necessary. “A trust has usually appeared in the NEW POINT AGAINST COMBINA- form of an agreement between stock- TIONS. • holders in many corporations to place The point referred to by Mr. Raymond all their stock in the hands of trustees, is new. The court declares void all but the question in the present case is transactions whereby each of several whether a trust is created where a ma corporations sells its entire plant and joi-ity of stockholders consolidate their good will to a new corporation for the interests by conveying all their property purpose and with the result of affecting to a corporation organized for the pur prices, limiting output, closing factories Pose of taking their property. Any com or otherwise creating a monopoly con- bination of competing corporations for trary to the public good, even though the purpose of controlling prices or there is no written agreement or under- limiting production or suprcssing corn standing to that effect. If the court Petition is contrary to public policy and fjjjjjN* may rightly infer from the actions of * s void. It makes nq difference whether to*-* the parties only that such is the purpose the combination is effected through the and such is the result, then such trans- instrumentality of trustees and trust , fers will be declared void and the prop- certificates, or whether it is effected by erty must be returned to the original creating a new corporation and convey corporations and the consideration re- in & to it all the property of the compet turned - ing corporations. The test is whether This point broadly stated is to the the necessary consequences of the corn effect that two or more corporations bination is the controlling of prices or may not unite or transfer their entire limiting of production or suppressing of plants and good will to a single corpor- competition in such a way as to there ation if the court may properly infer jby create a monopoly. Necessarily, from the act of the parties that the re- wh en corporations thus situated unite suit would be a monopolistic combina- to gether all their properties in one new tion which would unjustly limit compe- organization and permit the latter to tition be in restraint of trade or other- operate its properties, .competition will - wise prejudicial to the public weal. ibe suppressed and the new corporation It matters not what form the combin- w, 'll possess the power to limit produc tion may take nor the plan upon which tion an .d control prices. All the compet it was organized. The court announces in S corporations have been put out of the doctrine that it must not look upon the business by disposing of their plants the mere form of the organization in with which they conducted their busi which the parties may have placed the j ne ss. The grantee of said corporation combination, but beyond the form and bas no competitor in the market. It into the substance and effect of the com- makes no difference that the agreement bination. The court plainly declares for th e illegal combination is not a that whenever it can be shown that the formal written agreement. It may be a purpose of the combination is to obtain verbal agreement or understanding, or - control of the manufacture of an article a scheme not embodied in writing, but \ consumed by the people, and thereby evidenced by the action of the parties.” to control the price, such combination DESTRUCTION OF COMPETITION, should be declared illegal and its barter Tbe court holds that these conditions dissolved. pertained in the organization of the OLD DOCTRINES REAFFIRMED. glucose trust. After quoting from sev- Other points in the opinion are large- eral trust decisions, the court continues: ly reaffirmation of the doctrines estab- “The material consideration in the lished by other decisions. First, it is case of such combination is, as a general held that all foreign corporations doing thing, not that prices are raised, but business in this state do so by virtue of that it rests in the power and discretion the courtesy of the state and under the of the trust or corporation taking all the rule of comity between states, and are Plants of the several corporations to subject in all their transactions to the raise prices at any time if it sees fit to laws and rules of this state. Second, do so. It does not relieve the trust of • the right of a minority stockholder to its objectionable features that it may Inquire into the transactions by the reduce the price of the articles which it board of directors which upon their face manufactures, because such reduction come within the discretion legally exer- may be brought about for the express cised by the board, is sustained. purpose of crushing out some other com- The opinion is prefaced by a copy of petitor or competitors.” the bill in the case, and in the beginning The opinion then deals with a portion Justice McGruder establishes the right of the evidence and with the allegations of the court to discuss the facts which of the bill, which, it is said, prove that developed in the testiihony taken, not- the Glucose Sugar Refining company is withstanding the withdrawal of most of a trust within the meaning of the the answers filed by the trust people, statutes of 1893. The next question • The testimony is then exhaustively re- dealt with the right of a stockholder to viewed. Attention is called to the fact file a bill to enjoin the sale of the cor that glucose cannot be successfully porate property to a concern which he • manufactured except in what is known has reason to believe is a trust. A de as tbe “rorn belt,” which constitutes an cision is cited to show that shares de ellipse about 950 milea in length from rive their value from the corporate prop east to west, and 700 miles In width, erty and franchise, and the court ob with Peoria the geographical center, serves: and all within 1,000 miles of Chicago. “They will have no value practically The scheme of organization is dis- when all such corporate property is dis cussed by the court, the decision holding posed of and the right to carry on the that from the evidence it is shown that business is destroyed. What was here option contracts were drawn, by the attempted was an abandonment of the terms of which the companies agreed to business and a sale of the assets wfth sell to the trust when called upon to do out a legal termination or .dissolution of so by the Illinois Trust and Savings the company. It makes no difference bank. Attention is called to the fact that the stockkholder is to be allowed to that these options bound the absorbed receive his proportionate share of the corporations not to engage in the manu- proceeds of the property. He has the ■» facture of glucose for a term of years right to hold his investment in the form and within a radius of 1,000 miles of of stock, and a change of such invest- Chicago, in other words, within the ment against his consent is a change corn belt. which effects his pecuniary or LETTERS SHOW THE SCHEME. interests. He has a right to be the • Letters which passed between the at- judge whether such a pecuniary status jjjfc.- - _ ■.. . * Jt» •«r .-sr i . ....1 1 .. .......in tr., ... .. .. .i. ..... .... . ......... i. ... iauamm* •* • '* .......... “A ragged rnUe ot poverty, the son of a gnmbolier.” s a 1 be made, or whether he shall con- and chartering a corporation to do busi- themselves with us or accept our direct tinue his investment in the form of ness in this state in violation of its ing influence in enlightening the world " OC ' The right of a stockholder to laws. When these foreign corporations and bettering the condition of man. is interference seems to be placed come into this state to do business they We should first adjust some of our own upon the ground that, from the fact that must conform to the laws and public domestic concerns so that our laws and the corporation was created for a cer- policy of this state.” our government will make for the uni ain purpose, there is an implied con- The agreement in the option con- versal good before we can expect the tract that it shall not divert its powers tracts not to do business within a radius full confidence of strangers in any oi funds to other purposes, and that of 1,000 miles of Chicago, afterwards pledges we may make to them. They such divergence would be a species of made 1,500 miles, is held as being in re- will not accept our promises of peace a breach of trust as well as a violation straint of trade to sut|i an extent which when we have trouble at home. Some of law which might endanger the exist- is illegal. Quoting the opinion: of our laws are out of harmony with ence of its charter.” “As the evidence iR* this record tends the spirit and letter of our constitution NO RIGH rTO SELL TO TRUST. to show that glucdse «an only be manu- —the creature is assuming more au- The contention of the trust attorneys factured successfully Vithin this radius, thority than the creator possesses. This that the American Glucose company had the agreement not tOi manufacture and should not be, and whenever friction is a legal right to sell its property to the sell it therein amounf|d, in effect, to an observed it should be speedily adjusted, trust is thus disposed of: agreement in total or; general restraint In a government of the people every in- The transfer of its property, made of trade, hence the agreement was void terest of the people should be consulted by the American Glucose company, was and stamps the transaction of which it and guarded in every movement of the a transfer to a corporation created for was a part as illegal.” government. This idea should pervade the express purpose of taking Its prop- The court occasion to observe every department of a popular govern erty and the property of other corpora- that the organization of such trusts as ment. Lamentably, this is not always tions so as to use them in the suppres- described in the record and in such the case. sion of competition and the creation of manner and by %cfe methods as set In no department of our government a monopoly in the manufacture of. glu- forth do not como-wifhin the legitimate are tfie masses so completely ignored cose and grape sugar and their products scope ot the practice of law, and that the as Hi'the development of our financial and by-products. The whole scheme as refusal of certain to answer system. Learned men and leading devised and consummated was a fraud some of the questions amounted to an financiers are insisting that a few bank not only upon the public but upon the actual obstruction of the administration ers should be allowed to furnish the cir dissenting stockholder filing this bill.” of justice. The specific relief in the culating medium of our country. If a After establishing the legal fact that decree is an order to set aside the deeds few men can issue acceptable money foreign corporations are amenable to of transfer by which the trust acquired upon their scant holdings, why cannot the laws of this state when doing busi- the property of the American Glucose the general government issue money ness here, and that under the laws they coittpany and to -"grant such other and that would be more acceptable? can acquire and hold only such property further relief as || consistent with the Certainly, if you made the issue re as is necessary for the actual uses of the prayer the btlj and as sustained by deemable in property, the government corporation, and that corporations can the evidence already in the record.” could give better security than any dispose of only such property as they ll number of individua i s short G f the do not need, the court declares that the a Voice From the Sooth. whole populace. I think the govern- American Glucose company and the Montgomery, Ala., Nov. 1, 1899. ment should have the sole power to Glucose Sugar Refining company are Editor Representative: What a grand make money and that it should not dele au orized to own such property as is opportunity America has to show the S a te this power to any other. Bankers necessary for carrying on their busi- world what Christian statesmanship should be allowed no more privileges ness and no more. Then the opinion can do toward bringing about universal than other People, and if the govern sontinues: peace and converting the sword into a ment should allow them to issue money “The power of the Glucose Sugar Re- pnm j ng hook! I tell you the spirit and u P° n the,r holdings, it should allow me Ining company to acquire and hoi/ gospel o( Christ should settle every and every citizen the right to issue property is limited to that purpose, ar?.f question pertaining to war, both in his mone y on whatever property we pos t has no power by its charter to enter individual and national life. To me it sessed. The poorer a man is the more lpon a scheme of getting into its hands the remedy t or t he ills of this llable wlll be be to need an issue, tnd under its Control all, or substantial- iif e> and if given a proper test will show The man who insists upon the free y all, the glucose plants and the glucose itself amply sufficient for all the de- coinage of a metal at an arbitrary value, msiness of the country for the purpose mands of mankind. without computing the value in other >f controlling production and prices, of . The gospel of .peace and good will nations that coin it or use it, has no ■rushing out competition and of estab- needs no army Ysith shot and shell to right to say to us that other nations ishing a virtual monopoly in that busi- open a way for-it Let the United will not accept our money when we offer less.. Such purposes are foreign to the j States give to the FHlipinos their inde- them greenbacks as the proper solution lowers granted by the charter. Acqnfei- pendence and aia them in establishing of our financial troubles. If they accept ions of property to such extent and for gnd. a, republican, form of our bonds they will accept our green mch purpose do not come within , the doubt they Will glad- hacks, when made legal tender for all mthority to own the property necessary ly assume the cost of the war jio secure debts and commodities, or the purpose of carrying on a general control of their. territory. the We need and must have an easy cir >lucose business. Foreign corporations bonds of their goyenfment at §uch in- culating medium —hoarded money can :annot be permitted to come into this terest and such titqo fur they can reas- not benefit the masses. It is only the tate for the purpose of asserting .rights onably pay, and gßafastee them pro- money that moves freely among the n contravention of our laws.” teetkm in the peficafiib pursuit of life, people that can give universal pros- CAN’T EVADE STATE LAWS. liberty and property.- Let them know perity. After calling attention to the fact that that we conquer to free, and our It must also have some staying quali learly all the promoters are Illinois mission is to scatter tho seeds of love in ties. A man must have the privilege of aen, the court says: the earth. Let the worM know that our keeping it as long as he can use it proflt “Citizens of Illinois cannot evade the flag means peace on ej rth and good will ably. If it can be recalled within a aws of Illinois passed against trusts towards men, and tl at it guarantees year, labor cannot handle it to advant nd combines to defy the public policy the full liberty of tie. gospel. Let it age. As fast as one’s pegs are set they f the state by going into a foreign stfcte guarantee freedom tB aK who will align have to be pulled np. -f • F~ ■ F ■■ ?. • • •- A ’ f MINNESOTA j| ■ M —g m ; HISTORICAL 1* M m . SOCIETY. I a g g i :;;- W w B ag V v .V . g If .g IM B/ M flf V' V B MV mg MI W limy M mf m M m VMM / M Ittttu unto Me WbrnthaAlkOa, _ Hath bat one pmb. —Byron. THURSDAY < NOVEMBER~9, 1899. sl .oo A Yba . 1k Advawce , DEAD SHOT CATARRH CURE , —r Q 1 sMCiI -Nature’s Remedy- i/f y Hundreds of prominent people have testified Ifil % hlf > to its cures. DEAD SHOT kills the \\US V l/* bacteria that produce Catarrh in the head, )|U /t&f) Throat, Lungs and Stomach, Coughs, Colds, V* Ai Croup, Bronchitis, Asthma, Hay Fever, Diph- f/M / ' theria and Piles. It has no superior as a cure / . for Dyspepsia, Cuts, Burns and Frost Bite. ■ \nN| fj \ul DEAD BHOT combines the curative effects of the |A| 'ff' \ Hi Florida Piues with the benefits of the high AT \ l»\ mountain atmosphere of Colorado. iSc per box; S boxes for sl. Is The “First Slw: eel si tfes Ass” will hit your case. V . Send 2c stamp lor eample bo*. TIUOS MARK. f }. DEAD SHOT REMEDY CO., Bmlm Kook, Minneapolis, Minnesota. 400* Again, it must have stable and fixed qualities. We want no standard of value that can be effected by specula tion. To say that enemies or specula tors did it will not suffice. We want something that they cannot corner or control. To leave it open to the attack and whims of the speculator is unfair to the masses. Their business is gone and their chances are ruined. Give us a standard that is always alive and that can take care of itself. Give us a standard in which all men have a prop erty right. One that Is natural, God given and eternal. One that is essen tial and necessary in the nature of things. One that is universal and meets every condition of every nation— every business of every man. Now, what is tnis standard so uni versally aplicable? It is labor. Omni present, omniessential labor. Every where and always in demand. No busi ness and no calling can stand without it. To put forth any project of life, to begin any series of effort, the strong and ever essential arm of labor is called into play. There is no movement without it—nothing but sloth and- death. It is the evidence and the support of life. Checked but an instant and we all die. Then why not recognize it in Its true function and place it in its proper rela tion to things? It must be done before universal right is recognized and uni versal justice is triumphant in the world. I believe in God, the brotherhood of man and a paternal government. I be lieve in the initiative, the referendum and the government ownership of pub ' lie utilities. I believe in a labor standard of values, the property of the government as the basis of money issue and a paper cur rency as the only circulating medium of our country. I believe in the demonetization of metals, the abolition of national banks and the disfranchisement of all per sons who buy or sell a vote. I believe the government should have the sole right to issue money, should establish a postoffice bank at every county seat and let its money direct to the people. I believe an ample loan at small in terest on long time, will soon put life and vigor into our people, build up our industries and bring prosperity to our country. I believe independence will come when we raise what we need, price what we sell and sell when it suits us. I believe in the prompt payment of all debts, foreign, domestic and individual. I believe in duty on imports, tariff for revenue and tax on incomes. I believe in opening all available streams, building all necessary railroads and cutting every canal that can be utilized to benefit our country. I believe in peaceable expansion in territory, education and religion. I believe in an international arbitra tion committee for the settlement of all difficulties between nations, so that wars shall cease and murder be blotted from the face of the earth. W. D. KENDRICK. M. D. OLD DOG TRAY W. S. Morgan Makes a Few Obaerva vatlona on Fnaion and Its Results. It is under this caption that W. S. Morgan, secretary of the national or ganization committee, reviews the po litical situation from the midroad stand point, in the current issue of his paper, He says many things wisely and well. He writes: Those who are old enough that their youth dates back to the use of the old blue back Webster spelling book will remember the story of “Old Dog Tray/’ Now Tray was a good dog, but he was caught in company with Snap, who was [ not a good dog, and suffered severely on ! account of his fusion with him. The ' Democratic papers are now declaring ! that the People’s party Is practically j dead, and lose no opportunity to poke j fun at those who are yet bravely striv- j ing to maintain its organization. This j : is adding insult to injury. I have never | ; ret by word or act attempted to justify j :he unholy alliance with the Democratic ' party, which was secured by fraud and 1 :rickery at the St. Louis convention in 1 1896. I did not believe then, nor do I jeiieve yet, that a party that could hand I tselfc over, body and breeches, to such I i man as Grover Cleveland, and permit I tself to be carried in his vest pocket ( hrough two administrations, doing his j ridding and licking his hand, had po- I tency enough about it to redeem a jin gle pledge it would make. There has never been a time when tho old parties did not promise the people enough. The trouble has been that they would not do what they had promised. The chief indictment against the politi cians of the old parties was that they were consummate liars. Every Populist, before the folly of 1896, proclaimed by tongue and pen that the more the old parties promised the more they should be distrusted. At Cincinnati, at Omaha, at every conference, a danger flag was put up at the pitfall of old party prom ises. Into this pitfall went the Green back and Labor-Union parties. If there was any difference the Democratic party was more treacherous than the Republi can party. As a rule the Republican party did not promise to carry out Pop ulist ideas, and the Democratic politi cians did. They adopted straight Green back platforms in states where they Greenback party was strong and grow ing. These promises began back as far as 1868, and continued all through the subsequent years. • And, oh! how the Democrats prayed for a chance for full power—the presi dent and both branches of congress. At last they got it. And what a spectacle! Grover picked the whole thing up by the tail and set it on the Republican trail—the Republicans had been follow ing for years. The party was nothing-* Grover was the whole thing. And so it goes now. Bryan is th% whole thing. The same men who ad vised me to vote for Grover are now abusing me for not supporting Bryan. And some Populists are among the Bry an shouters —at least men who call themselves Populists. They seem to forget the danger pit of false promises. They wotfld tear down the danger sig nals and abuse ,those who insist upon keeping them up. They prefer to be lieve in a lie and be d d. But to return ta the disintegration of the People’s party. It is a little wonder. It may be guilty of fanaticism. It may have committed mistakes. It may have advocated visionary and impractical schemes, but the worst sin it ever com mitted was its dalliance with the rotten, corrupt and poluted politicians of the Democratic praty. To have its once trusted leaders and advocates to ride in the same bandwagon with the erstwhile worshipers of the false prophet of Buz zard's Bay, the murderers of the Green back and Union-Labor parties, was a stain that became a stench in the nos trils of thousands of men of all political parties who had, up to that time, been willing to accord honesty of purpose to the followers of the Populist banner. To assume that the Democratic party is or can be a reform party is a folly that is unpardonable even in a political novice. Its broken pledges of the past are a living monument of its present depravity. Its new promises only adds to its iniquity. Nothing short of sack cloth and ashes for a thousand years would answer as a sufficient badge of repentance. Having assailed the na tional public crib with such voracity as to be kicked out by an indignant peo ple, it now seeks to restore itself by the commission of every crime in the deca logue. Wherever it has the power and it is necessary, the sacredness of the ballot has been attacked and the will of the people set aside. In one state it steals the livery of Populism to sustain itself, while in another it caters to the interests of Wall street. The Democratic party of today is nothing but an incongruous and unman ageable mob with an abnormal appetite for spoils. Among its devotees can be found men of all shades of political be lief from ox-cart observatism to double geared lightning fanaticism. In its ranks are men who could join any party on earth conscientiously and without changing principles. A catechism that would embrace the Democratic faith would resemble a crazy quilt after hav ing been through a Kansas cyclone, steeped in a Nebraska blizzard and scorched in hell. If the Democratic party were in power today it couldn’t reform a lousy hen, because it couldn’t agree on a remedy. If it has any mis sion left upon earth it is to show what kind of a conglomeration of all-around :ranks can exist without tempting the mercy of God or exciting the wrath of the foolkiller. The Number of this Q issue of the, paper is ■ II the number opposite your name on the • coli r.:J Label is less than this number, | it shows that your subscription to in ! arreras and should be paid up at once. 1 . min i■ J