The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-02-13

in Ohio an hon Isl and fearless Attorney
General who is brave enough TO do his
duty aud couia.,ns'ls ~ "u-l r. "a rec
the law against the Standard Oll Trust.
the greatest. the most. relentless and the
most cold-iiloo rel mon0lmr OF hem all.
''rhe Republican I arty is the party Of
plutocracy 1t stands today for the
economic errors thd1 ron the many Tor
the benefit of tae few for financial here
sizes that cent? llize wealth anl paralyze
industrial free lom ~. political 1olicies
that enslave the MASSES, that spit on the
Constitution. ram Ne on ;he rights OF
man. turn To he waH the picture { ihe
great emanciparor. and laugh - sc"ln
the Declaration of Independence.
To sum it all Up he Republican parry
stands for Hanna. ana The ktpUulTcal
party is Hanna.
THE Democratic party is the parry OF
the plain people. 1t is opposeu to trusts
and monopolies-to special privileges. II
stands for the supremacy of the law. 1t
believes in freedom of thought, freedom OF
81 eoch. freedom Of action. freedom o.
trade and free institutions. It believes i'll
the Constitution. in fostering commerce,
ultfettering trade, establishing industry,
aiding enterprise. maintaining equal OBJ
Ecrtunities. defending liberty. unshack4 NJ
the mind and the conscience. and hand
ins down unimpaired ITO fu'ur2 genera
tons our free institutions
While the Republican party Is IN pow
ar The trusts will flourish ike Il green bH.
tree.
WHEN the Democratic party comes
inac power Il Democratic president viii
arpoint n Democratic Attorney General
who VIII enforce the law against The
trusts and they will d.ssolv, ana d.Sap-
y, ar like mist before the morning snn
and he gone forever.
I'VE aye entering mos; nininGntouS
political campaign to deterdliD" the ques-
tiou whether the trusts or thn govern
mont shall survive. Wnetliar the pee, lie
or the plutocrats shall rule whether mis-
land shall continue TO be Il .overnmCng 81
the many and for the maay r IN oligar-
chy OF the privileged for the favored few.
You ask me what will be thc outcome
| cannot tell. but ] believe history le-
jDCats itself-that God III his infinite wis
,?tlm raises up Il man from the plain pro-
de for every crisis. and n the pending
crisis we have such Il man, a born leader
of men whCm we can all trust and whom
we can all follow, and who Will lead lis
10 victory and rescue the people from Tie
money lenders and the mohcS changers
I'VE are beginning another mOmentOus
campaign under the leadership Of another
Thomas Jefferson--4the s'talwart, the fear
less. the gallant. and the intrepid young
leader of Nebraska. William }. Bryan
to test the perretuity of popular govern
ment and of our free institutions. and by
the grace OF God and the power of the
free men of America. ne wall win. and
the impetus his administration will give
the government Of Jefferson, of Jackson
and of Lincoln will carry it forward UNI
impaired for another century, and genera
, tons vet unborn will sing the g'ddsomt
songs that the government Of ihe penpie
bv the people and for the i,copl1 shall
not perish from the earth : (
SPEECH OF MIR. HALL.
Bolton Hall. Of New York. came next.
He said:
There are two classes of trusts-those
that are open to competition. and those
that are based upon monopoly. Every
country store that absorbs or buys out
another business is trust. but ii is eX-
posed to competition. The department
stores are merely the higher development
Of such business They grow naturally
under competition, from the necessity sof
economy in producing and distributing
goods. 1t is true that such stores an
proportion ds they succeed i'll reducing
the expenses Of business. get along Win
less help and thereby displace clerks and
others. reducing the demand for labor.
But this is done III reducing expenses
and competition will force the store 10
give the most of the benefit to the conr
sumner.
I'VE are threatened now with IL money
trust. if indeed we have not got it III
ready. 81
This, like other true trusts, depends
upon reslrit TONS CT 81 eclal privilege.
These are % the privilege TO national
banks alone to issue currency against de-
POSTS of Government bonds; 90 the ten
per cent tax on currency Of all other
banks. and CO the privilege awarded to
gold alone of free coinage.
The remedy for il is the same as for
other strctions-liberty. The remedy
is not to extend the same privilege to
wheat. according to the Farmers Alliance
plan: nor to silver. according TO the Bry-
an Ian, but TO abolish it as 10 gold and to
put all banks. corporations and individ-
uals Oh the same footing as To the issue
of money.
The hope of some socialists that the
organization of all trusts will facilitate
the taking over 10y the community of ali
industry is vain one
Our aims must be to modify the patent
laws SO as to make unused patents void:
10 repeal the ten per cent bank tax. and
the privileges Of banks and Of gold; 10
abolish the tariff, and. finally. govern
mental ownership of all highways. whe-
Their paved or rallied, and to tax the value
of land 50 high that it will be unprofita-
BILE to keep it out of use"
Mayor Harrison welcomed the dele
gates on behalf Of the city. Already. he
said. the Senate of the United States had
been reduced TO small convention OF
The owner and representatives, of the
trusts A few years more would see the
House and our judiciary reduced to the
same condition.
Former Judge William Prentiss, OF
Illinois, was selected temporary chairman
and addressed the convention.
The following were appointed temper
rI- ,-iao ,raSi1pptS.