The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-04-14

| man of peace. So was the democracy
he founded a party of peace, excepting
when war becomes necessary, as 1t dld
| year ago. Then democrats in con-
gress and in the field upheld the flag
| of our country with their votes and
| with their lives. Peace, small e-ipendl-
| lures and low taxation were no doubt
a passion with Jefferson, but his dip
| lomatc notes as secretary of state,
| displaying the sword as a reluctant
agent of peace, are a proud possession
of his country because they brought out
| of darkness the rainbow of hope. The
hope of our country to-day is in the
party whose fundamental principles
We're established under the wise ana
| conservative guidance Of Jefferson.
| Mr. Belmont introduced Augustus
| Van Wyck by referring to the latter S
| canvass for governor. Justice Van
| Wyck was received with great ap-
plause. He said in part:
| We have seen in these more recent
days disposition evinced in certain
quarters to dismiss the Declaration OF
| Independence as no longer applicable IN
| it's leading principle to the conditions
of modern society. In putting them
selves in this attitude toward the basic
doctrines of the republic the supporters
of a tariff for the enrichment of the
few and trust for the killing of equal
opportunity are not open to a charge OF
inconsistency. 1t is the foulest mockery
of reason to profess in one breath deVo-
tion to the doctrine of the equality OF all
men before the law of the land, and in
the next to applaud a tariff system
which squeezes the blood out of the av-
erage man for the fattening of select In
dividuals who have mastered the art or
depraving all federal government and
directing new feudalism which pur-
poses to subdivide the land into pluto
cratic dukedoms.
In respect to these matters, citizens
who think as the founders of the re-
public did, take their stand firmly on
the ground that equal before the law
means equality of industrial opportunity
in so far as the action of the govern
ment is involved. The tariff has been
one prolific source of monopoly, and the
monstrous misuse of the franchise Civ
ing power another. Our iron, steel coal
and sugar trusts may be taken as exam
pies of what the tariff has brought to
pass, while in the consolidation of our
railroads, gas companies, electric light
companies we have illustrations of what
has been and is being accomplished un-
der the Legislative power to bestow val
liable public rights upon private cor
porations. Into the details of our exist
ing tariff / shall not enter a t present but
l shall challenge any of it's supporters
to name a single considerable branch of
industry over which it's so-called pro-
lection has been extended which is not
now controlled by confederacy of con-
spirators against competition. The in
FAINT industries have become giants who
have taken it upon themselves to rule
for their own ends the nation which
nourished them under the impression
that when matured they would be the
best of servants and the very pillars of
economic liberty. That the democratic
party must address itself to the correc-
tion of these far reaching evils if it is to
hold the allegiance of the democratic
masses is not doubtful. The cause of
tariff reform was never more urgent
than it is to-day, and never before was
II less dlsputaple IMAM az tiil9 loul tia'
no real relief can be looked Tor at the
hands of the republican party.
Concerning trusts in general l ma
some information In recent NUMBER OF
the Journal OF Commerce Oh TINS city
that seems to me to be worthy OF the
widest publicity. After showing that
the number OF these great combinations
had increased in the past twelve months
from 200 to 35S, the writer or the article
proceeds as follows:
1T will be seen that, at the end Oh
February, these 353 combinations had
issued total OF ll,ooo,ooo Oh capital
stock and $Il4,3S9,0O0 or pond opilga-
tions. These figures show an increase
over those we published year ago OF
rs per cent. in the NUMBER or lhstltu-
tions and go per cent. in the combined
stock and bonded debt, Wnlch indicates
the extraordinary rapidly Win Whlch
the movement has spread Wlthin the last
twelve months. What proportion OF the
entire manufactures or the United
States has passed In this new form OF
Orga DlZdtlOn may De inferred from lHe
fact that the census Oh lo9o Values the
x,o,ufoo+uripg ond mechanical indus