The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-23


Adding That Expansion Would
Certainly benefit the People of
the United states-Prestdent Nc
KinIey's Policy in the Philippines
Is Also Indorsed by Mr.. Foraker.
HAMILTON, O., Sept. Ex-senator j. b.
$ETcraker today delivered an address here
at the emancipation celebration on the
Butler county fair grounds. Among the
features of his address were his declara-
tions for expansion, and an exhaustive
argument on trusts. He said in part:
1--WE hear it said that the tariff is the
mother of trusts, and that they are the
cause Of all sorts Of evils. We do have
trusts, and some Of them as bad as
they are represented, but they are not
the product of the tariff, and, If they
were, the tariff, with It's attendant pros
perity and trusts, is better than free
trade and idleness, ruin, want, hunger,
soup houses and rags.
THAT the tariff is not responsible for
trusts is shown by the fact that while
they have free trade in England, yet they
also have more trusts in that country
than in any other They had their origin
there, and there they have had their most
complete development.
"But we should distinguish. Not all
combinations of capital and business are
trusts: not all of them have illegitimate
purposes and not all are attended with
dis advantageous consequences. On the
contrary, the great majority of business
| fetal But whether. they are of one kind
| or another they are non-partisan in char
acter. Trusts are not a Republican in
| stitution, enjoyed by Republicans alone
| nor a Democratic institution, enjoyed by
| Democrats alone; men of both parties are
| engaged in them, and interested in their
promotion, and their protection under the
| law. They are simply a feature of our
modern business conditions, with respect
to which party lines cannot be drawn.
Accordingly, we find that not only men
| Of all parties are in common engaged in
| creating great conlioina lions of capital,
but that men of ali parties are alike en-
| gagged in the condemnation of sucn com
| binations.
These trusts, while restricting competi-
| ton, are yet the result of that same com
petition, and the natural result of natural
| conditions. They first started in England
| because we were pressing the manufac-
| turers of that country with our competi-
ton in the markets of the world to such
an extent that they We're compelled to
| economic in every way possible to hold
| their own against us in the arts Of trade
| The same cause that led to the formation
| of trusts in England afterward led to
! them in America.
EXPENSES ELIMINATED.
by consolidation of capital, plants and
management, expenses OF various kinds
| are eliminated and tits made possible 10
| continue the employment of our capital
! and the employment OF our labor, and
| the development of oursresourcas and the
multiplication of our snalth; by a resort
to the economics that follow consclida ton
we are enabled to meet the prices OK
England, Germany and 1.-The older coul-
| tries of Europe.
"These consultations mean loss of po-
sition and loss of employment to some
| classes, and some individuals s. did the
| Introduction of the sewing machine and
! other labor saving devices that have been
| invented; but the fact remains that but
| for these consultations thousands would
lose occupation who are now employed
| in producing the surplus manufactures
| for which we FIND markets outside of our
own country. But for the advantages
we acquire by this consolidation of cap
ital ard industries we could not be sup
| plying, as we are today, locomotives 10
the railroads Of England or building
bridges in the soudan sfcr the British
army IN successful comb tetition with the
bridge builders OF Great Pritain. We
/ could not be sending our rnyriads Of pro-
| erio Il
| Australia. We have come to the place
| where we must sell abrnal or restrict