The times. [volume] (Washington [D.C.]) 1897-1901, 1900-10-28

thy fathers have set This is my text
tonight
The Democratic party is the conserva-
tive party of today. The Republican party
IS the revolutionary party OF today. We
stand for himetaalisn, but il Is not new;
II is as old as History: it has behind it
the human race with its experience it
has behind it the nat fon's history: it has
behind it the record of the Democratic
party. and it has behind it every platform
OF the Republican party until this years
platform.
When We stand for the greenback we
stand for money issued with the sane
ton OF Lincoln and approved By the
Supreme Court of the United States.
When we stand for an income tax we
stand for y system approved by Lincoln
ard tried in this country, and now in
operation in many of the leading ration;
OF Europe When we stand for Industrial
independence We stand for that which
has ever been regarded as the right thing
| in the development of industry.
When the Republican party takes it's
position on the side of monopoly, IL
comes to the defence of a system that
has been wrong ever since it appeared
before the public. You cannot find in
any place or at any time where private
monopoly has been considered a blessing
to community. On this great question
the Republican party proposes to revolu-
ttonize our Industrial system.
"On this question the Republican party
proposes to turn the American people over
to the tender mercies of few great trust
magnates and allow them to extort what
they will from the American people. Last
night at the banquet given to the Repu5-
lican candidate for Vice President Senator
Scott, who is Vice Chairman of the Re-
publican National Committee. and who is
in charge Of the Eastern branch of the Re-
publican headquarters. made speech, in
which he said: 1 believe in trusts; they
are a good thing. II it were not for the
Standard Oil Company. this prosperity that
we have would not be there today
Trust ms n Blessing.
Think CT party taking the position
that the Standard OIL Trust is blessing
to this country. That Standard Oil Trust
has raised the price of oil not because it
was necessary. but because it could end
wanted to do 1t, and it has already paid
So per cent dividend on its nominal stock
and with the prospect of another dividend
making the total so per cent for the year.
and has raised the price of stock some
thing like G,000,0 900 on the stock market.
DO you tell me that this is wise sys-
tenn? My friends, few great trusts like
that allowed to live and plumber the
American people would reduce the pro-
ducers of the wealth to serfdom and pile
up in the hands of few fortunes which
would menace the welfare of this country.
When we say that this is revolutionary.
when We say that this changes the entire
industrial system, We are simply stating
what every citizen who studies the ques-
ton must know. 1t converts industrial in
dependence into industrial despotism. 1t
takes from the great struggling masses
the hope Of independence and its reduces
them to the condition of hewers of wood
and drawers of water. 1t will result in
the establishment of classes. 1t will result |
in the degradation OF labor. 1t will result |
in the enthronementl of wealth. 1t will |
result in a plutocraey. and a plutocracy
would be more tyrannical than hereditary |
monarchy.