The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-03
THE IOWA IDEA"
As PROMULGATED By SENATOR
DOLLIVER AT CHICAGO.
IT HAS TO DO WITH TRUSTS
AND MIR. DOLLIVER'S IDEA OF
THEIR MANAGEMENT.

lie Speaks of Combinations of Capt.
tai and why They Exist-says the
Small Dealer Has Nothing TO Fear
From the Over-Grown and Top
Heavy Investments That Surround
Hhn-Protection Not Likely 10
Enrich AVarice and Greed.
Chicago, Oct. 1.-The Iowa idea came
to the surface tonight at mass meet
ing under the auspices OF the National
League of Republican clubs, which met
in annual convention here to-day
United States Senator J. p. Dolliver of
Iowa was responsible. Interest became
intense when II was realized by the deli
egates to the convention and specta-
tors that they were being treated 70
the first public speech on the subject
by national leader of the party since
the Iowa State Republican Convention.
Mr. Dolliver said. in part:
Let us look at the Iowa idea for a
minute, and l select that only because
/ ann more familiar with 1t and be-
cause circumstances have arisen to
give 1t a universal advertisement. 1t
has been presented to the country as
the sudden impulse of dissatisfied mis-
chiefmaSers within the Republican
party. on the other hand, 1t is the
mature judgment of a man whose wis
dom has never failed the Republican
party in the forty years OF his uninter-
rupted public service.
1T is evident that even II IL were de-
sirable to kill the trusts IL could not
be done by merely renting the duties
which their foreign competitors pay
at our custom houses. Even Mr. Bry-
an, who talks of putting the cap
talns of industry into a chaingang
and sending j. Pierpont Morgan
first to the poor house and then to the
ponitentiary, admits publicly that the
free trade remedy falls very far short
of the object he has in view. Nearly
every sober student of the subject adj
mits that II was the pressure OF COM
petition which has drawn some of our
Industries first into groups and then
into gigantic combinations, under
| single corporate management. A sue
ccssful attempt to repeal the law of
| competition in the American market
| Place would he speedily fatal TO the
protective tariff system, because the
| whole design of that system rests upon
| the impaired vitality of that law.
Before anybody makes up his mind
| that the so-called American trust is a
| permanent institution, let him consider
the long list of ambitious combinations
| which have already had their affairs
| wound up by the courts Of justice. The
alcohol trust. the linseed oil trust the
alkali trust, the asphalt trust. the BIZ
| cycle trust, and scores of others whose
| very names are now even forgotten.
| What was the matter with these aston
isning creations of the promoters art?
| Nine out of ten of them
| were bogus, and, without
stretching the law very much, could
| have been denied the use of the mails
on an ordinary fraud order. Only yes
terday one of the mammoth establish
ments, the National Salt Company had
| little business before a court of
| equity in New Jersey. The organiza-
ton of the trust I'm 1889 was looked
upon everywhere as a step in the direc-
| ton of monopolizins the necessaries OF
| life.
1.-THE more / examine the old law of
| competition the better II looks to me.
| If the duty of settlement has already
| come to so many of these once formid-
| able institutions. how has it Jared with
| those who have so far survived the
test? Already the evidence Is accumu-
| lating from which the doom of the
|
| solvent and best managed of them all.
| The figures of the census show that
| neither in the mercantile nor the man.
| ufacturjng world has the small dealer,
who Twins his business and gives it his
personal attention, anything to fear in
| competition with the overgrowth and
| top-heavy investments of capital that
| surround him.
There is no room in this discussion
| for vain EXPLANATIONS of alarm and
| despair. Up to this time the tariff
| policy to which we owe the prosperous
conditions which now surround us, has
been the ally of independent capital,
in its grapple with the modern trust
system: but IL the day should ever
come when the productive energies of
the American people are important in
the presence of monopoly, the protec-
ton which for more than a generation
our laws have given to all our indus
tries alike, is not likely to remain to
enrich such conspiracy of avarice
| and greed"