New-York tribune., 1900-09-25
DEPEW SPEAKS ON TRUSTS
CAMPAIGN OPENED AT NEWBURG-
ODELLS ADDRESS,

Newburg, N Y, Sept PA Republican
demonstration was held in Newburg, the home
Of B. B. Odell, IT., tonight. After two banners
had been raised. the Republican clubs marched
to the Academy of Music. where they were ad-
dressed by Senator Chauncey NJ. Depew, B. B.
odell, jr,, and John s. Wise. The building was
packed TO the doors, and hundreds were unable
to enter. Mr.. OdeIl received an ovation and in
response to the calls for a speech he said:
This large and enthusiastic gathering augurs
well for the success Of our cause, and dspelS
the belief that apathy has found Judgement in
our city. An important contest is before US,
fraught with great danger and responsibility.
Honesty. patriotism and the wellbeing of our
common country are involved and the Republi-
party again appeals to you for support We are
not party Of pessimists, neither do believe
ourselves infallibe. Endeavoring to administer
the government upon the broad principle Of the
greatest good to the greatest number, we dis
claim the possession Of panacea for all the
ills that flesh Is heir TO. Wherever oppression
and injustice exist we seek to apply the remedy,
to restore equal rights and to guarantee the
amplest protection TO all. The party Of per
tormance, rather than Of promises we are con-
hGent Of an overwhelming Endorsement I did
not come here to speak, but to meet with you,
nv friends and neighbors and to listen to the
competent and eloquent gentlemen who to
address you on the issues involved in the cam
paign. / don't attribute to myself your kind re-
ception but to the cause which have the honor
IN part 70 represent ana 10 your deep interest,"
! in the success of our splendid National ticket
ship. my friends thank you.
SENATOR DEPEws SPEECH
Mayor J. D. Wilson. who presided introduced
Senator Depew. who received an enthusiastic
greeting Senator Depew said in his address:
I have spoken at the home Of nearly every
candidate for Governor since I a. voter.
It is always interesting to meet the neighborS
party to be the Chief Magistrate Of the State
of New-York. I never have been a participant
! in this greeting when it was so cordial and so
unanimous as It IS at present. 1t is a glorious
tribute to the worth of our candidate a.
that he has this popular consideration and
respect from the men Of all parties among whom
he has lived boy and all his life. He
is the exception to the maxim that prophet is
not without honor save in his own country.
The Republican position is the Republican
platform and the letter of acceptance of Presi-
dent Mckinley. The principles and policies
which have presented definite and the
industrial and financial parts Of them have re-
suited in phenomenal prosperity to our coun-
try. The Democratic position changes so rap
idly that we only know from the bulletins of
headquarters day by day what is the issue on
which they expect to succeed. The situation in
our State is singularly acute for our Demo-
cratic friends. The Empire State is an i'm
| perial commonwealth. It iS the greatest manu-
| featuring and one of the greatest agricultural
| States of the Union. 1t is the centre Of the
| finance Of the continent and it's chief city has
| become the leading financial centre Of the world
Our State. therefore, is so profoundly inter-
| ested in the results which will come from the
| possession Of the Pacific islands and the open
| to talk or imperialism NeW-Ho decided by
nearly three hundred thousand majority in 1895
! in favor of the gold standard The people of our
| State recognize that this standard is not only
the basis OF our prosperity. our business and
| our employment, but of the position which we
| hold among our sister comnOnwealths the fame
! and credit we have all over the world. On that
issue badly presented the majority in New
York against Mr. Bryan would be greater to-
So the edict has gone forth that the sole is
| sue that shall be discussed by the Democratic
party in this canvass is that of trusts. The
| managers say, make the trusts so prominent
| that Imperialism. milltaTism and the free COIN
age OF silver in the ratio Of 16 to will be for
! gotten by the people. and make the trusts so
| dangerous as to frighten everybody
TRUSTS AND COMBINATIONS.
I have yet to see Democratic speech which
| clearly defines what Is a trust and what are the
| trusts. Certainly every combination of in
| dustries is not trust 1t has been held that
| where number of corporations doing the same
| business, place the management and control in
| the hands of separate agency that that is a
! trust, and that 1t is unlawful There were many
such trusts in the country, but since the decision
| Of the Supreme Court, they have all been alb
sorbed by single corpora tions and the constitu-
| ent organizations which constituted the trust
have disappeared into the corporation.
| The Republican party is the party which has
| broken up these trusts. 1t was the Sherman
| antitrust law which brought about this result
| Three -fourths Of the States which have passed
| antitrust laws Republican States and the
| laws are the creation of Republican legislators.
| Where any one product is controlled by single
| combination which governs the price Of the raw
| material to the producer and the manufact-
urers' article to the consumer, and can raise IL
| at WILL there should be laws which would reach
| such a corporation and prevent its continuing
| it's business. The common law, the antitrust
! laws of the various States and the Sherman
| antitrust law all aim TO accomplish this pur-
| pose.
REPUBLICAN MEASURE BEATEN
| In tho present Congress the Republican party
! sought still further TO strengthen the power of
| the Government to meet this question by an
| amendment to the Constitution which would
| give to Congress clearly the right to pass laws
| SO drastic as TO dissolve any existing trust and
prevent the formation of new ones The Demo
| Gratis voted solidly against this amendment on
| the ground that it a violation OF State
| rights to concentrate such power in the hands
| of the Federal Government. So long as the
| Democratic party continues to be State rights
partv upon the heredity OF the State rights
| doctrine there is little hope OF amendment
| to the Constitution. because that requires two
| thirds vote of both houses OF Congress.
Mr.. Depew said that one would dispute in
this day the necessity OF great combinations.
Competition is so keen that il is impossible ex-
cept with the economies that come from the
operations of large plants upon a large scale
for nations to compete with one another in the
markets OF the world. The results OF these COM