The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-05-26
IT MUST BE COEXTENSIVE WITH
FEDERAL GOVERNMENT.
STATES CANNOT CRUSH OUT THE EVIL
The Democratic Party has Declared War on
Trusts of all Kinds. Monopeies Con-
troll the Republican Party,
VII ch;s Impotent.

6:45 this evening the caterers direction
bell rang. the band struck up 1.-The
Stars and Stripes Forever" an army of
walters laden with viands appeared and
the mammoth Democratic antitrust ban
quet was on, while the 1 1,445 banqueters
seated at the tables broke into tremeIl-
dous cheer. rising in a body and waving
their small flags that had been provided
at each cover The table of honor was
placed on Il raised platform at the north
side of the arena, and at it were seated
Hon. w. j. Bryan, Ex-Governor John +. .
Altgeld, o. III. T.. Belmont. Nj. c. Wet
more. Harry b. Hawes, president of the
Jefferson Club, under whose auspices the
dinner was given, Hon. Champ Clark.
Hon. David A. DeArmond and Il number
of other prominent Democrats.
The Coliseum was decorated through
out with flags. and in the centre of these
was fixed Il large silver shield.
The dinner was concluded at 3 o'clock.
1t was strictly love feast BY the time
the tables were cleared the five thousand
seats of the ana,hitheatre were filled
with spectators representing the socie-
~ of st. Louis, and the speaking be-
gam The first speaker of the evening
was Harry b. Hawes, president of the
Jefferson Club who delivered the adj
dress of welcome. Mr.. Hawes said, in
part:
1T was not intended that this dinner
should be merely the means of affording
entertainment. but it was believed by its
promoters that the serious discussions
to be held tonight will be the means of
crystallizing public sentiment against the
encroachment upon the liberties of the
people of the great monopolies and
trusts. 1t is not sought or desired to
push to the background the vital issues
of 1896. nor to lesson in any particular
the fight to be made upon the greatest
of all trusts. the money trust. which,
greater than all, is more dangerous than
all. and by its existence renders possible
nrany combinations of wealth that with
out it could not survive.
''The battle line must be drawn sharp
and clear with Democracy on one hand
and the trusts and monopolies on the
other.''
President Hawes was followed by
Hon. Champ Clark. of Missouri. who
presented the State and district banners
in the name of the State Committee.
Mr.. Clark was greeted with a tremen-
dous ovation.
TRUSTS and Democracy" occupied Col.
NJ. c. Wetmore. of st. Louis. but Il few
minutes. His remarks were greeted with
cheers.
He was followed by Hon. David De
Almond. of Missouri. who spoke upon
TRUSTS and Its Parents"
The applause which met Mr.. Bryan
was of the most fiattering description.
The cheers drowned the music, which
struck un Hold the Fort as he ad-
vanced to the front of the rostrum.
Mr.. Bryan spoke as follows:
".An actor who visited Nebraska re-
Gently, upon learning from Republican
that confidence had been restored, re-
marked that he had examined Webster's
Dictionary to learn what confidence
meant. and found confidence defined as
trust and then he understood that con
fidence had ueen f.:liy restored.
More trusts have been formed during
the last two years than existed at the
beginning of the present Administra-
ton. and the nominal capitalization of
the trusts now in existence approaches
If it does not equal in amount the
worlds total supply Of gold and silver.
THE influence of these trusts has be-
come so enormous that the people, with
out respect to party, are asking theM-
selves how the evil can be remedied.
THE purpose of the trusts is to con-
troll the product of some article of mer-
chandise, and the methods employed are.
first, the union of all Individual factories
under one management or i'll one cor
poration, and second. the crushing out
of new rivals. A monopoly wnan once
complete not only dictates terms to those
who buy the product. but it also dictates
terms to those who sell the raw material
and to those who furnish the labor If
the trusts are permitted to continue
we shall find an industrial aristocracy
growing up III the United States which
will prove as destructive of our ideals
as landed aristocracy would.
1.-The principle of monopoly is incom-
patibe with our institutions. Mans ne
cessities compel him to become pur-
chaser, and where there is but one seller
the purchaser is completely ut the mercy
of the seller. Where there is compet-
ton between producers, the purchaser
is sure to obtain what he wants at Il
reasonable price. When competition is
eliminated the price is controlled not by