Daily independent. [volume] (Elko, Nev.) 188?-1915, 1899-10-09

AmoE1cHn laDOI anu n m0r1cHD capital
the monopoly Of American markets.
And at the same time a restraint
should be placed upon capital to pre-.
won't it from expressing labor on the
one side and the consumer on the
other.
Mr.. Newlands here repeats his ar
gumeDts prese nted in his letter to
the Chicago conference on trusts and
adds:
Summary Of Views.
] fear have been somewhat diff
fusive in presenting my views. and 1
beg your indulgence whilst I sum-
marize them.
@First-!he Democratic party is
the party Of the people. 1t must win
by sustaining the interests of the la
boring masses against the encroach-
ments Of wealth. The labor vote of
the country is absolutely essential to
its success. That vote is against the
importation Of cheap foreign labor
ers. 1t is also against the unre-
strained importation of the products
Of cheap foreign labor. Protection,
therefore, is an essential part of the
Democratic doctrine, and any read.
just ment OF the tariff with the bitter
experience Of the past few years, will
arouse the alarm and hostility of
labor.
"5econd-.The lowering OF the tariff
wall as to commodities produces by
domestic trusts will PROSTATE not
only the capital employed in such
trusts, but the labor employed by
them as well. Such legislation would
simply substitute the monopoly of a
foreign trust for the monopoly OF
domestic trust, and as between the
two the latter should be favored be-
cause it employs domestic labor.
"Third-Our legislation must be
entirely within the tariff wall, and
must be directed in such a way as to
RESTRAIN wealth and protect labor.
Both mean the advancement of the
mainstead OF the dollar. This cannot
be accomplished by State legislation
as the cooperation Of the States
must be voluntary and It is impos-
sible to believe that all will Cooper
ate. The refusal of n single State to
co operate would destroy the effie-
iency OF the proposed co.mperationi..
"Fourth-The legislation must be
Federal, and as far-reachlng as the
country itself. The inter state com.
merce section Of The Constitution Will
not permit Of far-reaching legislation
the Federal taxing power will.
This power can be used either to de-
stroy or limit and restrain. The
power Of limitation and restraint
should be exercised first, It's effect
will be beneficial in two directions, it
will place upon corporate wealth it's
proper proportion Of the burthens of
government, and it will 80 handicap
corporations in their operation as to
give individuals engaged in similar
enterprises chaDce!' Publicity as TO
the affairs Of corporations Is essen.
tial. A statistical bureau will &C.
cumulate In short time such facts
n in themselves will suggest simple
remedies through taxation" 90.
Build no Marrow Platform.
"Would it be too much to ask You
to present these views to the convo-
cation OF governors and attorneys
general assembled at st. LouisH
know the influence that yonr deliber-
alton and conclusion will have upon
the national platform of the Demo
cratic party, and 1 am anxious that
that platform should be 80 framed as
that all the friends of monetary re-.
form and industrial reform can stand
upon it. The gold Democrats have