TRUSTS.

Evening Star, Issue 13003, 24 December 1906, Page 6

TRUSTS.

TO THE EDITOR. gj r; Trusts ;iro an amalgamation of caDitelists. bound together. bjvdetdyto_<m-.

hanco the~prk»-of commodities and -rednce ■working expenses. They arc the outcome of Protection; they not only control the price, but have become the -strongest political organisations in America, and like a terrible octopus, with its far-reaching tentacles, invade every department of American life. Under Preetrade a trust or any monopoly of this kind is impossible. The soap trust 'failed in England'because it was impossible to stop the chief ingredients for making soap from beingimported. England allows Australian and New Zealand tallow to come in free. Our politicians should at once throttle any and every attempt to create trusts. It is generally admitted that bootmakers have a pretty hard time to make things meet, and it would be instructive to know the percentage of repairs to American boots and shoes as against English and colonial make. This would give some idea of the importations. The- American tariff creates monopolies, and enables them to sell cheaper abroad than at home, hence the increasing importation. Each year's exodus of the middle and lower classes of Americans to England io accounted for by lbo cheapness of clothes in the latter country, which largely recoups 11>o expenses of the trip—an object lesson to the advantage of FreetTadc for the lower and middlo class Americans. One fear.- we shall never understand the delusions of the politician's promises of more work, higher wages, less rent, and cheaper commodities by clinging to Protection. —I am, etc., F.M. December 24.