New-York tribune., 1902-10-31

2
opens up a nav 81 stsm Of dealing with these dis
putss bstEsen labor and capital-that OF atDiHa-
have other matters 70 appeal ts Eo@ y, upon, Ieb
grest nportance t9he people of the 1,s 9i SUI
rremaeS ana ii Il not alone IN this great city but
in every locality throughout the state ma ma pc
and II is the Republican PARTY that you must iook
70 ioT ss rpsIi aisr % af direst tax upon the home
- any one NIthin the sound OF my VOICE. "i "i''"
Uniii isa NeW.-York State was the only state
q th n a a not g gos ,rs 'af he uoh Satnre ad
the kind - security in which savings banks & Wei
n every other state throughout ;he Union they
hrb bader. and the opportunity Tor srger re-
his ezssnpie New-Yark state hroadened the line
and II thus became apparent that they could stand
TAX not ss IS the case IN many 9i me inc Statts S,
and not upon the market value but upon the par
IA 1e ~ Tl,c surplus Not penny OF that sur
.,sl1e is ouer paid 40 a depositor: but il is the
earnipg mower of the surplus tosetnei VII "a ~,
ovr Dtesst that brings the returns 70 those VINO
Invest have deposited their funds there
TAAs1 ND NOT REDUCE INTEREST
reduced t6er rate OF interest as result of their
laK Those hanks that found i necessary 70 90
-; upon deposits FOR the purpose as shown by
!hs BANKING Department fsPor o. ag ~ those S
who put their money IN them that they might
hsve reduced the rate or interest upon the de; de;
posits were fair IN Their statsme9ts fheS nP %9ua
sum insignificant that they would heye been
obliged to have increased their clerical force 20
have made the computation upon the books Of de-
Nov- that is one of the reasons Why the tax
was Imposed. Let me show YOU the benefit 20 The
dep@sf 4 snd fhe surpilis which give TO the hanks
~ 9etgnlty o. paying the rate Of Of interest 'hat
seFy eak ig tire State should reduce it rate of in
teTesl Sas result of this tax. one-half OF per
sp, he gYa % RsTe & ssse9 g s3Tng m G ne rom which
WIT may dehUrf $1,000 and have as a net result
ma ss into The The surplus 81 70 paGhg slT w
you 81 per cent. It would he impossible f?r them
10 continue ta pay YOU greater rates OF Interest
mar tse 'aw nsissd q being njnsSiogf fr 70
oef"SltoIe - az ao.aialpila .ras ,ba,
nishes mesns5o eonllnqs a rate 81 IN heIS IeS ate
adf acM peGS9ss sS5 TaToad I l9e bonds and
mortgagessn which they are entitled to invest earn
FOR them. -
SECRETARY ROOTS SPEECH.
Ehhu Rout Secretary of War, followed the
GoveTtlorh and has address was 3 carefully pre-
pared sndi polished one. He caught the stten-
tion sEs she audience and held it to the end. He
made desp impression. Among other things
he sad -
Pleesufs. TO come home and to meet :, you you
that .ss a sarizen OF NeVg-Vorz been proud OF
@ % fe aside dqT@g To s fat day
events add specifc discussions of State admnistra-
eoSfs SR q k II % has seemed TSad to S me that tie
ole o GNs do9 ae 2'fbaGr 70 bn aee[ o R s'h a
shown himself strong man and an honest ene m
ss,6ses shs ese5ne1 sns n pii poii,ios a. ne mas
He IS familiar with business aaiFs a ana oI,s %ics
and can weigh and measure them. and cannot eesily
,srSssSe things IN the public interest and has
made some enemies by H. and the people Of ne
state, for whose interest ne has acted ought 10
stand by him he has reduced taxes and made ne ne
stats =. clean and efficient business admnistratio
He oUght.t he TeeIeeted for The good work n has
he seot he viii be able TO do during another erm.
-kpd no bogbt 10 he reelected as a rehuke TO the
o,irraeeous and tnfounded personal attack that
has been made upon him by opponents who are Try.
. he saupasisp, We Gpght 70 make il known thar
long life 81 probity and distingushed public service
thai kind OF politics doesn't go in our State.
Mr.. Root urged his hearers 20 show their 10y
slty to President Roosevelt by electing Con-
gressmen who would b- in sympathy with his
policies
Referring TO trusts. so styled, Secretary Root
continued:
Unfair and oppressive trusts. called. are weeds
n s t,Se "a PT9spsy d M II , Is easy $50 70 3 h Wd
would keep the weeds down and have the garden
So" SO ssn must GeNoIs ZouEse not 70 desperate %
crimlnati,s end unceasing process, pulling out the
regulating those combinations of capital which
.se INJURIOUS & to ihe puons either because they
Tie avenues OF employment, prevent competition
uhfsiFy ana Oppressively. care must be taken not
10 stop great enterprises which have legitima tev
netuoed he cost Of proc action not TO take America
The world not TO close The mills and the mines not
ana deprire the farmer ~ his market for the
hi.4sttenlsi .st ot manu- msnnisct9re, ig gs - .., -. -, =
process OF industrial development OF the age Their
our iSSssi is SHOWS tbst ar b @i t.e osa
of the process has always been and il tOaard
tion; thst the great body OF the people in the
dions Of poverty which have been The rule n The
10 degree never before known: thar our prosper
ity is sound and Wholesome and thar courage and
hope are justified, rather than despondency
WAGES GROW MORE THAN WORKERS
While the e5. Oo wage earners Of 1850 Increased to
sSlsoeo iF5 1870 The wages paid 20 them increased
Is Say about i've times the number OF Workmen
tsneisss about .sTh times the amount OF wages. or
wages Just about doubled during the fifty wears
F egf-fhe-ot1eT hand. while s5SS o0000 Invested in
msnufsctuEes IA lS5o had sHeed 70 50 sS50ol00O IN
eSea s ess lhgl Of Sne return that every
returns Of tsinsal seem great because they are
nsssea tot s1neE,s and tae returns Of labor seem
uonsie shsTs 81 ine new wealth IS constantly de-
constantly sSfeasns. And the wages of one mans
lsher m TqsnefactuTe to-day equal the profit
ure as tisyas equal 10 in ls5a. The same change
= sne~n q tae aegresss Of rates OF interest for
for the usSsef nc money or per cent while now,
he IS red ~ do or per cent
The Retecfl chfl.s party proposes 10 follow this
course, 10 rcepato and curb ana suppress the
trusts rather thsn destroy the good and bad to-
seiher and ssth them, the prosperity which brings
such bcnehcent results 10 all our country. The
only federal law TO accomplish this result-tbe
sherman sci--SSs passed by a Republican Con-
eress against Democratic opposition. II YOU will
rad toe speech made this month By Attorney
General knes at Pittsburg, ,ou will see how ac-
lively and Fith v hat successful results he is en-
ssged m tha enforcement Of that law. The PresI-
dent has st4<ested an extension of the law The
attorney Geftfal after careful study. has given his
opinion thaS.it can be extended and made more