The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-09-16
TWO CENTS.

| sonabIe rate we had to take into con-
sideratiOn a number of things besides
the present value of thatiroad measured
by the cost of reproduction and you
will find that if the watering OF the
stock is permitted then the cry of the
innocent purchaser is raised and you
Will be told that you must protect the
man who bought this stock. Ny Judg-
ment is that no man can stand in the
position of an innocent purchaser who
buys stock in a corporation If thae
stock is not represented by actual
money invested because he can find
out what the stock stands for if he VIII
only investigate.
IF this license is granted then the
first conditions can be: Any corpora
ton desiring to do business outside the
state in which It is organized shall
bring to that board or body proof that
the stock is bonafide and that there is
no water in it In my judgment when
you take from monopoly the power TO
issue stock not represented by money
you VIII go more than half the way
towards destroying monopoly in the
United States.
you can provide for publicity and
that annually or at such other times
the corporations shall make returns OF
its business and when you provide for
publicity so that the public shall know
just what there is in the corporation.
you viii go another long step towards
the destruction of the principle of mon
Opoly.
"A third condition suggest is that
the corporation shows that it has not
had a monopoly and is not attempting
a monopoly of any branch of industry
or any article of merchandise, and then
provide that if the law is violated the
license can be revoked.
Now may be mistaken, but it has
seemed to me that this method OF deal
ing with the trusts would prove an ef-
fective method. do not say there shall
be no private corporations, but say
that corporation is created by law
4as 4-I Co. n.ns
should never be permitted to do a thing
that is injurious to the public good.
My contention is that there is a VIC
ious principle running through the var
ious policies which we have been pur-
suing; that in our taxation we have
been imposing upon the great Strug-
Cling masses, the burdens of govern
ment, Whlle we nave been voting the
privileges to the people who viii not
pay their share of the expenses OF the
government.
Every unjust tax law is an indirect
form of larceny. If we can secure a
government whose foundations are laid
in justice and laws exemplifying the
doctrine of equality before the law and
then under such a government and such
laws wealth is accumulated to a point
where it becomes dangerous, then we
can get at that question when it arises
and am willing to trust the wisdom
of society to meet every question that
arises and remedy every wrong. I have
faith that these questions viii be set
lieu ana SGlLlGQ tight Out want 10
protest against this doctrine that the
| trust is a natural outgrowth of natural
/ laws. It is not true. The trust is the
natural outgrOwth Of unnatural condi-
1 tionS created by man made laws
You can not hide behind the doctrine
| that it is here and you can not get rid
/ of it. I believe that the American peO-
/ pie can get rid of anything that they
| don't want and that they ought to get
! rid of everything that is not good I
| believe the declaration of in
doT0a he 11esa
| document ever penned by human hands
! The truths of that declaration are con-
| densed into four great propositions
| that all men are created equal; that
| they are endowed with inalienable
| rights; that governments are instituted
| among men to preserve those rights.
| and that governments derive their just
! powers from the consent of the govern
| ed. Such a government is impossible
under an industrial aristQcracy.
/ place the food and clothing. and all
| that we eat and wear and use in the
| hands of a few people, and instead OF
! being a government by the people it
will be a government of the syndicates.
! by the synd1cateS and for the syndi-
| Gates. Establish such a government
! and the people viii soon be powerless
to secure legislative remedy for any
abuse.
Il am not willing to place the labor
! ing men of this country absolutely at
| the mercy of the heads of mOnopoiies-
/ When you control the price that man
| is to receive for what he produces, you
| control the price that he is to receive
for the labor in the production of that
| thing.
Some people have tried to separate
the laboring man who works in the fac
! tory from the labOring man who works
| on the farm. I warn the labOrinE men
in the factories that when they join
| with the monOpolies, to crush the farm
| er, as soon as the farmer is crushed.
| the laboring man will be crushed, and
| his ally will be destroyed and in a test
| of endurance, the farmer Will stand it
| longer than the laboring man.
| THE farmer was the first man on the
scene when civilization began and he
viii be the last one to disappear
But my friends, why should we try
to see who could hold out the longest in
suffering2 For 100 years all nations
have looked to this nation for hope and
| instruction. Let US settle these great
questions that we have; let US teach
the world the blessing of a government
| that comes from the people and let Us
show them how happy and how pros
porous people can be-
At the conclusion the orator resum-
ed his seat facing a sea of wildly wav-
ing arms and storm of cheers Three
quarters of the audience left when he
had finished.
nnnaauNrC nv - DHEn