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THE MORNING NEWS.
Established 1850. - Incorporated ISSS £
J. H. ESTILL. President 1
GAG HAS FALLEN FROM
MOUTH OF ROOSEVELT
Says Statement That Cortelyou Blackmails
Trusts Is a Wicked Falsehood.
President Strikes at the Democratic Candidate
for His Exalted Position.
Washington, Nov. 4.—President
Roosevelt to-night made the following
signed statement to the American peo
ple in answer to the charges made
against himself and Mr. Cortelyou in
public speech by Mr. Parker, the Dem
ocratic candidate for the presidency:
"White House, Washington, Nov. 4,
1904. —Certain slanderous accusations
as to Mr. Cortelyou and myself have
been repeated time and again by
Judge Parker, the candidate of his
party for the office of President. He
neither has produced nor can produce
any proof of their truth: yet he has
not withdrawn them; and as his posi
tion gives them wide currency ,1 speak
now lest the silence of self-respect be
misunderstood.
“Mr. Parker’s charges are in effect
that the President of the United
States and Mr. Cortelyou, formerly
Mr. Cleveland’s executive clerk, then
Mr. McKinley’s and my secretary,
then Secretary of Commerce and La
bor and now chairman of the Repub
lican National Committee, have been
ir, a conspiracy to blackmail corpora
tions, Mr. Cortelyou using his knowl
edge gained while he was Secretary of
the Department of Commerce and La
bor to extort money from the corpora
tions, and I, the President, having ap
pointed him for this especial purpose.
Blackmailing the Charge.
"The gravamen of these charges lies
in the assertion that the corporations
have been blackmailed into contribut
ing, and in the implication which in
one or two of Mr. Parker’s speeches,
has taken the form practically of an
assertion that they have been prom
ised certain immunities or favors or
have been assured that they would re
ceive some kind of improper considera
tion in view' of their contributions.
"That contributions have been made
to the Republican Committee, as con
tributions have been made to the
Democratic Committee, is not the
question at issue. Mr. Parker’s as
sertion is in effect that such contri
butions have been made for improper
motives, either in consequence of
threats or in consequence of improper
promises, direct or indirect, on the part
of tlfe recipients. Mr. Parker knows
best whether this is true of the con
tributions to his campaign fund which
have come through his trusted friends
and advisers who represent the great
corporate interests that stand behind
him. But there is not one particle of
truth in the statement as regards any
thing that has gone on in the manage
ment of the Republican campaign.
Monstrous, He Declares.
"Mr. Parker’s accusations against
Mr. Cortelyou and I are monstrous.
If true they would brand both of us
forever with infamy; and, inasmuch as
they are false, heavy must be the con
demnation of the man making them.
1 chose Mr. Cortelyou as chairman of
the National Committee after having
failed successively to persuade Mr.
Elihu Root, Mr. W. Murray Crane and
Mr. Cornelius N. Bliss to accept the
position. I chose him with extreme
reluctance, because I could ill spare
him from the cabinet. But I felt that
he possessed the high integrity which
1 demanded in the man who was to
manage my campaign.
“1 am content that Mr. Parker and
I should be judged by the public on
the characters of the two men whom
’ve chose to manage our campaigns; he
by the character of his nominee, Mr.
Thomas Taggart, and I by the charac
ter of Mr. Cortelyou. The assertion
that Mr. Cortelyou had any knowledge
gained while In any official position,
whereby he was enabled to secure and
did secure, any contribution from any
corporation, is a falsehood.
’The assertion that there has been
any blackmail, direct or indirect, by
Mr. Cortelyou or by me, is a falsehood.
The assertion that there has been made
i'i my behalf and by my authority, by
Mr. Cortelyou or by any one else, any
Pledge or promise or that there has
been any understanding as to future
immunities or benefits, in recognition
of anv contribution from any source.
Is a wicked falsehood.
"That Mr. Parker should desire to
avoid the discussion of principles, I
can well understand; for it is but the
tare truth to say that he has not at
tacked us on any matte* of principle,
or upon any action of the government,
save after first misstating that prin
ciple or that action. But I cannot
understand how any honorable man,
a candidate for the highest office in
the gift of the people, can take refuge
not merely in personalities, but in such
base and unworthy personalities,
Would Offer No Proof.
"If I deemed It necessary to support
my fiat denial by any evidence I would
ask all men of common sense to pon
der well what has been done In this
campaign by Mr. Cortelyou, and to
compare It with what Mr. Parker him
self did when he was managing Mr.
Hill's campaign for Governor; and to
compare what has been dona as re
gards the great corporations and mon
ied Interests under this administration
**lth what was done under the last
Democratic administration while Mr. I
Oinejr was Attorney General; 1 would '
Jsabattnab JHflfninfli
NUMBER 17.833.
ask all honest men whether they se
riously deem it possible that the course
this administration has taken in every
matter, from the Northern Securities
suit to the settlement of the anthra
cite coal strike is compatible with any
theory of public behavior save the the
ory of doing exact justice to all men
without fear and without favoritism;
I would ask all honest and fair-mind
ed men to remember that the agents
through whom I have worked are Mr.
Knox and Mr. Moody, in the Depart
ment of Justice; Mr. Cortelyou, in the
Department of Commerce and Labor,
and Mr. Garfield, in the Bureau of
Corporations, and that no such act of
infamy as Mr. Parker charges could
have been done without all these men
being parties to it.
Atrociously False.
“The statements made by Mr. Par
ker are unqualifiedly and atrociously
false. As Mr. Cortelyou has said to
me more than once during this cam
paign, if elected I shall go into the
presidency unhampered by any pledge,
promise or understanding of any kind,
sort or description, save my promise,
made openly to the American people,
that so far as in my power lies, I shall
see to it that every man has a square
deal, no less and no more.
"Theodore Roosevelt.”
ODELL CHIMES IN WITH
ATTACK ON PARKER.
Claims That the Judge Hail Stock in
Trust*.
New York. Nov. 4. —Gov. Odell took
up the matter of Judge Parker and the
shipbuilding combine in his speech at
the Murray Hill Lyceum to-night. He
said:
“For the first time in my recollec
tion a Democrat has seen fit to at
tack a President. I have stood the
abuse heaped on my head, but when I
find men parading as trust ‘busters’
when the contrary is the truth, I feel
that it is not honest and is only be
ing done to get your votes.
"I said Judge Parker had been con
nected with trusts. I know it. I know
that Judge Parker had *20,000 of ship
building stock, and the reason I know
it is because he came to me and asked
me to let him have it. I know it be
cause I instructed my agent to give it
to him, and he paid for it.
“I can produce the documentary
proof in a few hours by going to New
burgh, where it is.
"I know he had stock in the Steel
trust and T will furnish the proof and
do it in fifteen minutes after I get to
Newburgh. A man who is attacking
the trusts ought to come into court
with clean hands. Roosevelt, on the
contrary, has been pulling down trusts.
"Honesty always wins, and Roose
velt has 100 per cent, of honesty in his
make-up.”
ROOT SAYS ALSO THAT
CORTELYOU IS NOT GUILTY.
Former War Secretary Hoes a Bit at
Explaining.
New York, Nov. 4.—The last large
Republican meeting of the present
campaign in this city was held to
night at Durland's Riding Academy.
The fact that Elihu Root was to be
the principal speaker filled the hall,
and hundreds were unable to gain en
trance.
Mr. Root’s speech was a reply to
various features of Judge Parker’s
recent address, especially the charge
that Chairman Cortelyou had obtain
ed campaign funds by blackmailing
corporations. Mr. Root declared this
charge absolutely false, saying neith
er the President nor Mr. Cortelyou
had any Information or secret of any
trust that any one else had not. Mr.
Root said:
“Mr. Cortelyou’s chief duty is not
to collect funds for the purpose of se
curing the election of the President,
and he has not performed any such
'duty. The money to pay expenses of
the campaign has been raised by com
mittees appointed in each of the prin
cipal cities of the Union under the di
rection of Cornelius N. Bliss. The
fact is that that fund has come from
more than 2,000 separate.contributions,
given freely and gladly, without de
mand or importunity or pressure from
a committee or any one. It is the
smallest fund we have had for twelve
years—about one-half of the Republi
can fund when McKinley was elected
In 1896, and about one-half the Demo
cratic fund when Cleveland was elect
ed In 1892.”
FAIRBANKSIN INDIANA.
Paaard Through Section Belonging
to the Democrats.
Evansville, Ind., Nov. 4. —Senator
Charles W. Fairbanks to-day covered
the territory In Southern Indiana ly
ing between Terre Haute and Evans
ville. The Senator made fifteen
speeches during the day’s trip. The
evening meeting here was notably
large and enthusiastic.
The day’s tour was mostly through
the coal mining region of Indiana, and
the miners In many instances’formed a
large part of the Senator’s audience.
To them he emphasised the desirabili
ty of a continuance of Republican rule
because, he said. It was under Repub
lican administration that all the pros
perlty had come to the mines, the
farms and the factories during the last
seven vsars.
A large portion of the country
through which Senator Fairbanks pass
ed to-day Is regarded as the Demo
cratic Stronghold of Indiana, and there
were occasional cheers for Parker, but
in the main the receptions accorded the
Senator were cordial and enthusiastic.
G. 0. P.—THIS IS AN AWFUL STRAIN ON ME.
i —New York Telegram.
CHAPTER OF ACCIDENTS
IN NEW YORK HARBOR.
Ferryboat Sauk. But Its ISO Passen
gers Were Rescue*!.
New York, Nov. 4.—The ferryboat
Columbia of the Wall Street Line was
run into to-day by the Norwich liner
City qJE Lowell. There was no loss of
life. Thfere was a heavy fog on the
river at the time of the collision.
There were about 150 passengers and
seventeen teams on board the Colum
bia at the time of the accident. All
the passengers were taken off in safe
ty, but eight or ten horses were
drowned.
The City of Lowell was coming down
the river and in the denser fog struck
the Columbia amidships, just clear of
the paddle wheels. The Columbia
floated around for a while and began
to settle. A hawser was thrown from
the City of Lowell to the Columbia
and made fast and the passengers
were taken on board the steamboat.
Later the hawser In some unaccount
able manner parted and the Columbia
finally sank.
The Garden City, a ferryboat plying
between Long Island City and New
York, had many narrow escapee from
serious damage during one of her
trips through the dense fog. Seven
times she collided with various craft
before she reached her slip in this city.
The only serious damage sustained by
the Garden City was when she bump
ed Into the big Sound steamer Maine.
A hole was stove in the ferryboat's
side and a portion of her guard rail
was carried away. The hole was far
above the water line, however, and
the ferryboat did not sink. The Gar
den City had 100 passengers.
The ferryboat Somerset was one of
the boats In collision with the Gar
den City. She was not seriously dam
aged. ,
The new steamer General Johnson
of the federal quartermaster’s depart
ment went ashore on Governor’s Is
land during the fog.
In the citv the elevated and surface
cars suffered serious delay, and
schedules were practically abandoned.
On the elevated the dense fog made
It impossible for the engineers to dis
tinguish signals at any distance, and
as a consequence trains which usually
make fast time during t)he rush hours,
were driven very slowly and thousands
of persons were late In reaching the
downtown districts.
WrIckIiTcHEROKEE.
Two Men Were Killed When Train
Ran Off.
Atlanta, Nov. 4. —Asa result of a
wreck on a branch line of the Atlanta,
Knoxville and Northern Railroad near
Ball Ground, Cherokee county, Geor
gia, late to-day, two men are dead and
several others seriously Injured:
The dead:
James P. Harrison of Ball Ground.
A. C. Gaddis of Ball Ground.
The known Injured are Y. T. Thomas,
A. Ingram and Peter Jordan, colored.
Mr. Harrison was well known In
Atlanta, where for many years he was
head of the James P. Harrison Print
ing Oompuny.
Details of the accident are meager,
but it seems that a marble train ran
off a trestle Into a pond Whether
the men wera killed by drowning or
otherwise is not known.
SAVANNAH. GA.. SATURDAY. NOVEMBER 5. 1904
WILL ANSWER
THE PRESIDENT
PARKER HAS PROMISED
TO REPLY IN A SPEECH IN NEW
VOHK TO-NIGHT.
Democratic Cnmlfrintc for President
Had Expected to Hake No More
Speeches, But the Attack Made b>-
Roosevelt, Who Answers the
Statement That the Trnats Were
Levied Upon for Campaign Trib
ute, Determined Him to Speak To
night—His Answer Will Be Made
Then.
-New York. Nov. 4.—The statement
issued by President Roosevelt in Wash
ington and the speech of Gov.' Odell in
New York to-night, in which the Gov
ernor made certain charges against
the Democratic candidate for Presi
dent, were shown to Judge Parker at
a late hour.
The judge had decided not to make
any more speeches during this cam
paign, but after reading the Presi
dent’s statement and the Governor’s
speech, he announced that he would
make a replv. which will be delivered
before the King's County Democratic
Club to-morrow night.
Judge Parker would make no com
ment on the statement and speech to
night.
JUDGE PARKER SPENT
THE DAY IN NEW YORK.
New York. Nov. 4. —Judge Parker's
active campaign will close to-morrow
night, when he will meet Democrats of
Brooklyn at a reception to be held
In the King’s County Democratic Club.
His speaking programme is already
at an end. He has no plans for fur
ther addresses, and It is not likely that
he will participate In any more politi
cal meetings. Upon his return from
Connecticut to-day ho went to his
rooms at the Hotel Seville, attended
to his correspondence and received a
few callers.
Immediately after luncheon he took
a walk with John D. Crlmmlns, made
a social call and took an automobile
ride in Central Park. In the evening
he dined informally with a close
friend.
Judge Parker expects to return to
Esopus Sunday morning, and remain
there until after election. No engage
ments have been made to receive vis
itors at Rosemount Sunday or Mon
day.
DAVIS APPEALED TO
HIS “HOME FOLKS.”
(•rest Crowd Heard Him In Hla Own
Tow n.
Elkins, W. Va„ Nov. 4.—Henry O.
Davis appealed to his fellow-towns
men to-night to support him as the
Democratic nominee for the vice pres
idency. The appeal was responded to
by tumultuous applause by as many
of the citlsens of Elkins a m could got
into the local opera house. Among
those who sat behind the Senator on
the stage were Blaine and Davis El
kins, sons of Senator Elkins.
The meeting here was the culmina
tion of a day of campaigning on a
special train. The train reached El
kins at 1 o’clock.
The appeal of Mr. Davis to his “home
folks.” as he stated It, was his mas
terpiece of the campaign. He reviewed
the development of this section of the
country, In connection with which he
frequently mentioned the name of
Senator Elkins, who was with him, he
said, except politically.
The candidate read a telegram he re
ceived to-night from Vice President
Landstreet of the Wabash system, a
Republican, he explained, but a
staunch supporter of Mr. Davis. Mr.
Landstreet said he was now on a tour
of the lines of his road in West Vir
ginia In behalf of Mr. Davis. During
the day Mr. Davis subordinated na
tional political discussion to personal
appeals to his neighbors for Indorse
ment.
To-morrow night Mr. Davis will
speak at Belington. which will con
clude his work In the campaign. His
address to-night was supplemented by
a comprehensive discussion of the is
sues by C. W. Daly.
DAVIS SPOKE UPON
THE PANAMA INCIDENT.
Parsons. W. Va., Nov. 4.—Speaking
to an audience that filled the town
hall, Mr. Davis gave his views on the
Panama incident.
During the Civil War the United
States, he said, had been In the atti
tude of imploring foreign nations not
to recognize the secession of the South
ern states. Yet within forty-eight
hours after the revolution at Panama
had_ been decided on at a “town meet
ing,” President Roosevelt recognized
the new government of Panama und
sent warships to keep Colombia from
coming within fifty miles of the isth
mus. This, Mr. Davis said, was In
consistent with our past attitude.
DEMOCRATS WILL WATCH
ELECTION IN NEW YORK.
Promise to Prosecute Any Vlolntors
of Hie Law.
New York, Nov. 4.—Every election
district in the state will be watched
by personal representatives of the
Executive Committee of the Demo
cratic State Committee at next Tues
day’s election, according to a formal
statement Issued from Democratic
state headquarters to-day.
The statement says that the commit
tee has resolved to take such steps as
may be necessary to punish all viola
tions of the election law that may be
brought to Its attention, and that It
will follow up all such cases whatever
the result of the election may be.
H U N D R E[Td ROW N E D
WHEN STEAMER SANK.
Terrible !,■> of I,|fe Followed a
Collision In he Mrillterrnnenn.
Bona, Algeria, Nov. 4.—A hundred
persons were drowned last night by the
sinking of the French steamer Gironde,
after having been in collision with the
French steamer A. Hohloffino near Her.
billon, twenty-three miles from Bona.
The Gironde left Bona with 110 pas
sengers, of whom 100 were Algerian
natives.
Sugars Advanced.
New York, Nov. 4.—A1l grades of re
fined sugars wsre advanced lo cents
a hundred pounds to-day.
CLEVELAND SAYS PEOPLE
ARE IN FETTERS OF TRUSTS
The Vicious Progeny of Extreme Tariff
Going Deep Into Their Pockets.
Former President Compares the Conditions in
1884 With the Present Exactions.
Newark, N. J„ Nov. 4.—With a trib
ute to tho strength and enthusiasm of
the first voter, former President Gro
ver Cleveland in tills city to-night be
gan his second speech of the present
campaign. He waited ten minutes for
the cessation of the cheering and noise
that Ills appearance brought forth, and
for thirty-five minutes after he began
his address 8,000 persons crowded to
gether on the tan bark of a riding acad
emy, alternately listened and cheered.
Tlie occasion was the cloning Demo
cratic rally of the campaign, a rally
under tho auspices of a club of “first
voters.”
Tho meeting was scheduled for 8:30
o’clock, and the former President was
the permanent chairman, but as early
as 6 o'clock crowds swarmed around
the building and extended across the
street, blocking the thoroughfare.
Upon Mr. Cleveland's appearance on
the platform cheer after cheer rolled
from one end of the armory to the
other. Men stood upon chairs twirling
hats upon canes, women waved hund
kechiefs and clapped their gloved fin
gers while occasionally, us though in
the distance, the strains of a patriotic
air from the band could be heard.
For ten minutes tho former Presi
dent stood bowing and smiling in ac
knowledgment and repeatedly attempt
ing to address the crowd. Half way
quiet was then restored, and the speech
was begun, only to be interrupted by
another outburst that lasted for three
minutes more. It was only when the
audience was drowned into silence by
the hisses of those desirous of having
the former President proceed, that Mr.
Cleveland could go on.
Mr. Cleveland's remarks upon the
needs of a conservative government
were received with an outburst almost
equal to that Mr. Cleveland's entrance
Into the hall, and when he concluded
with this appeal: “That the American
people may bo aroused to their sense
of Justice by these sentiments,” the
audience was on its feet, while at the
last words of the speaker rallying his
hearers to the support of ’’thßt noble,
(hat manly standard bearer. Alton B.
Parker,” the enthusiasm seemed to gain
renewed strength. Mr. Cleveland’s
speech In full follows:
Suwh of t Irvrlanil.
It was twenty years ago almost to
a day that I appeared before a New
ark audience charged with the respon
sibility of my party's presidential
candidacy. The Democratic platform
in that campaign denounced the Re
publican party for having failed to re
lieve the people from crushing war
taxes, and declared that unnecessary
taxation was unjust taxation. This
platform also promised that. If en
trusted with the control of tho gov
ernment, “the Democracy would pu
rify the administration-from corrup
tion, restore economy, revive respect
for law, and revise the tariff- In a
spirit of fairness to all Interests.’’
It was in support of such a plat
form and in obedience to the prompt
ings of Democratic impulse that I
said on that occasion:
"The right of the government to ex
act tribute from the citizens is lim
ited by its actual necessities; and ev
ery cent taken from the people beyond
that required for their protection by
the government is no better than rob
bery."
An Example of Tariff Reform.
We had then Just been favored with
a demonstration of the manner in
which the tariff was reformed by Its
friends. In 1882 tariff abuses had be
come so apparent, and the amount ex
acted from the people by taxation of
Imports was so much beyond any ne
cessity or Justification, that the Re
publican party In Congress, felt ob
liged to make a movement which would
at least appear to be In the direction
of reducing tariff rates. A commis
sion, In the absolute control of Repub
lican protectionists. was thereupon
constituted to manage the affair.
Notwithstanding the manner In which
this commission was constituted. Its
members were constrained by fear or
shame, or bv both, to recommend a
reduction in tariff rates of from 20 to
25 per cent. Thereupon, certain self
ish Interests which had such
of the party in power that they had
become accustomed to demand and re
ceive from its hands, the tremendous
profits arising from inordinate protec
tion, were aroused to the most vicious
activity and made a demonstration of
their control, alike humiliating to
American patriotism, discrediting to
our scheme of popular rule, and dis
graceful to the party which surrender
ed to their dictation.
Heroin me min lions Spurned.
The recommendations of the com
mission were spurned, and in the bill
finally passed It is computed that the
average rate of duty on Imports was
actually Increased, Instead .of being
diminished. That the consumers of the
kind who then asked for bread were
given a stone, Is proof of the futility
of any hope for tariff reformation by
a party tied hand and foot In the
bonds of sordidness and reckless greed.
Upon the evidence supplied by this
Incident, It is Incomprehensible that
the pretense should longer be toler
ated that none can be trusted to Just
ly relieve the people by tariff revision
except the friends of radical protec
tion.
It was under the operation of this
disgraceful outiome of a delusive show
of tariff reformation by its friends that
the battle of 1884 was fought. The av
erage rate of duty on Imports then
prevailing was something over 45 per
cent.; and this rate the people by their
verdict at the polls condemned as un
necessary and unjust, and denounced
Its exactions as no better than rob
bery.
The Tariff of go t ears Ago.
I have ventured to remind you of
these incidents for an especial pur
pose. I desire to direct your atten
tion to the fact that In the contest
of twenty years ago the tariff then
existing was condemned because In
and of Itself, without accomplices or
vicious associates, It was guilty of de
spoiling our people in their homes.
Trusts and combinations did not then
appear as its uon federates. If they
5 CENTB A COPY
DAILY, *8 A YEAR.
WEEKLY 2-TIMES-A-WEEK It A YEAR
existed at all they were Infant indus
tries too few and too young to be men
tioned In the platform of either of the
great political parties, and too newly
born to be the companions of such
other Infant industries ns though still
unwearied, had actually grown gray
at the breasts of sinfully Indulgent
tariff protection.
The multiplication of this new race
of infant industries soon grew to be
wonderfully In excess of all other
birth rate records, in 1888 they had
attracted attention enough to be de
nounced in both party platforms. The
precocity of those Infant prodigies ran
far ahead of the most exaggerated
imagination of parental pride. Before
they were a day old they recognized
In the policy of high protection the
way to growth and strength and
wealth. Though it is sometimes now
said that the tariff has nothing to
do with trusts, Mr. Havemeyer, the
most competent of all men to give ex
pert testimony on the subject, has de
clared: "The tariff is tho mother of
trusts;” and the trusts themselves
were precocious enough to know this
at the beginning of their infantile ex
istence.
A Tariff Protection Wall.
They know that tariff protection
builds a high wall around American
industries which guards them against
competition or disturbance from
abroad, and they know that nothing
prevents the raising of prices to the
full hlght of tills wall except compe
tition among these Industries them
selves, resulting in the underselling of
each other at home and within the
fortified area of their operations.
They know that this barrier standing
between our consumers and the exac
tion of prices as high as tho wall of
tariff protection, must bo removed
and the margin between prices as
modified by home competition and the
prices attainable without such com
petitions, be under the control of these
industries, if they were to enjoy to
tho fullost oxtent the fruits of govern
ment favoritism. They knew that
home competition could be eliminated
by such agreements among the In
dustries Interested, as would regulate
prices and production and concentre(e
management; but above all things
they knew that all device* would en
tirely fall io accomplish the result de
sired, if any breach In the wall of pro
tection against foreign interference
was permitted; and they knew that
the higher this wall was raised the
greater would be the acope for tholr
extortionate machinations.
I'roHt In Tariff Protect lon.
Nor Is II alone In this direct and pal
pable way that high protection Is an
essential factor in industrial combina
tion. Those who manage these affairs
take Into nccount and consider as an
asset of their undertaking the In
creased profits which must result when
tariff protection is coupled with the
suppression of home competition; and
counting this as money Iri hand, they
are enabled to venture confidently
upon the purchase of similar inde
pendent enterprises at high valuations
paid In watered stock, or to force their
co-operation by threats of ruinous at
tack.
Hehemes of this sort, secured against
foreign Interference by a protective
(arlff and shielded from domestic dis
turbance by covenants of Joint partici
pation and defense, when consummat
ed and fully under way, enhance their
profits by what Is called enconomy In
administration, which is another
phrase for consolidation of manage
ment, but which really means less
work for many employes and laborers,
■and the reduction of wages to the low
est possible limit.
I have said that the higher the wall
of protection was raised the larger
was the scope for the machinations of
these trusts and combinations.
The McKinley Tariff law.
The McKinley tariff law which
somewhat increased the average rata
of Import duties over thosa of 1884,
was pussed on the first day of Octo
ber, 1890. The trusts and combina
tions formed prior to the latter data
were not numerous. I have seen a
list of leading corporate industrial
combinations numbering 218 of which
I could count only thirteen existing at
the time this law became operative.
Under the stimulus of increased pro*
tection afforded by the McKinley
tariff they began to multiply. The
statement has been mads that under
this tariff, or rather prior to the pas
sage of the Dlngley law in 1897, only
eighty of these trusts and combina
tions hod been formed. It must be
noted, however,that during about three
years Immediately before that date the
Wilson tariff law was in force. This
was a Democratic measure which re
pealed the McKinley enactment and
lowered duties. While the Wilson law
prevailed. the creation of trusts and
combinations almost entirely ceased
as was naturally to be expected, In
view of the fact that the atmosphere
of Democratic tariff legislation and
the policy of the Democratic party is
unfavorable to the growth and devel
opment of these particular Infant in
dustries.
The Dlngley Tnriff Law off 7.
The Dlngley tariff law of 1897 raised
the average of Import duties to some
thing over 50 per cent., and made the
high water mark In our country's tar
iff legislation. Its fond parents have
placed upon the family record contain
ed In their Bible entitled; “Republi
can Campaign Text Book, 1904,” the
following mention of the child’s birth
and Its lovely traits:
"Went Into effect July 24. 1897, known
as the Dlngley Act—thoroughly protec
tive and stated in its title that its pur
pose was to provide revenue for the
government, and ‘to encourage the In
dustries of the United States.' "
It has indeed provided revenue for
the government, but It has grievously
burdened the people, put public econ
omy to shame and Invited extravagant
schemes and wasteful expenditures;
and among the Industries of the United
Htates which it has encouraged, the
promotion of trusts and combinations
stands high on the list, In the month
of March, 1902, a distinguished Repub
lican member of Congress on tha floof
of the Itousa of Kepresenlntlvss pre
sented s carefully prepared Hat of In
dustrial combinations existing on tbs
Continued on Third Bags.