Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1902-10-03
DolIiver Asserts a Belief That
Industrial Combines Are
Not Dangerous.
IF BECOME 50, REMOVE TARIFF.
But sven Bryan Admits This Club
Would Net sn.aen .Ther1-lcwa ssn-
ator Abuses TIE Combinations.
Points Out May Have Failed.

Chicago, Oct. 3.-The Iowa idea
came to the surface last night, at a
mass meeting under the auspices Of
the National League of Republican
clubs, which met in annual conven-
ton here yesterday. United States
Senator J. P. Dolliyer. Of Iowa, was
responsible. Mr.. Dolliver, in his
speech, said in part:
Let us look at the iowa Idea" for
minute, and | select that, only be-
cause am more familiar with it and
because circumstances have arisen to
give it a universal advertisement. 1t
has been presented to the country as
the sudden impulse Of dissatisfied mis-
chef makers within the Republican
party. On the other hand it is the
mature judgment Of man whose wis
dom has never rallied the Republican
party in the forty years of his uninter-
rupted public service.
The Government Must Protect.
Our people recognize the value Of
large capital for the transaction OF
great business, and especially for the
commercial conquests upon which we
are now entering. But they recognize
also the danger of abuses, both in the
organization and the management OF
great industrial enterprises, and would
have the government of the United
States stand between the community
and the reckless perverSiOn of the
benehcent law of corporate property.
1t is evident that, even if it was desir-
able to kill the trusts, it could not be
done by merely remitting the duties,
which their foreign competitors pay
at Our custom houses. Even Mr.. Bry-
an, VINO talks CT putting the captains
of industry into chain gang and send
ing j. Pierpont Morgan first to the
poor house and then to the peniten-
tiary, admits publicly that the free
trade remedy falls very far short of
the object he has in view. Nearly
8evry sober student of the subject adj
mits that it 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. l con-
fess that as a lifelong friend of the
protective system, | take very pro-
found interest in the question. A
successful attempt to repeal the law
of competition in the American mar
ket place would be speedily fatal to
the protective tarli system, because
the whole design of that system rests
upon the unimpaired vitality Of that
law. Our tariffs have been defended
out of consideration for infant indus
tries, but that is not the foundation
Of the protective policy. They have
been defended on account Of the
difference in the wage scales Of Eu-
rope and America; but that is not the
foundation of the protective policy.
What Blaine Said on Protection.
Protection in the perfection Of its
design, as described by Mr.. Hamilton,
does not invite competition from
abroad" says Mr.. Blaine in his famous
chapter on the tariff question in its
relation TO the political revolution in
1860. in Twenty Years Of Congress,
but is based on the controlling princi-
pie that competition at home will al
ways prevent monopoly on the part
Of the capitalist, assure good wages
to the laborer and defend the con-
sumner against the evils of extortion
That principle, which never failed to
justify the doctrine Of protection in
any period OF the past, is today pass
ing through an ordeal hardly even
anticipated when the tarif1 law OF
1897 was placed upon the statute
books.
The census CT 1900 has given an &C
curate account Oh the trusts and what
they are doing, and the daily reports
Of the market place indicate what
their present standing and future
prospects actually are. We know that
they are 1t5 in number. representing
the consolidation CT 900 separate
plants. We know that less than 10
per cent CT the factory labor Of the |
country is employed by them, and !
only IL per cent of cur manufactured |
output is made by them, and. leaving /
out chemicals and the pdoucts Of iron |
and steel, the percentage is hardly |
visible TO the naked eye. In the tex |
tile industries they are almost I'M
known, and most or the other fields |
of American production they have en-
tered as mere intruders and disturb |
ers OF the peace.
Established CT Regent Years.
Between 1890 and 1901 most of them |
have been established, and, in the az
gregate, counting all kinds of stocks |
and all kinds of bonds. which. they /