The Minneapolis journal., 1902-10-01
|MR. NELSON'S OPENER.
Destruction Of Protection Not 9
Remedy for Modern-Day Trusts Il
~ and Combinations. +
More Power Should Be Delegated to
Congress-campaigns Opens ,-,,s,
- ~ - =. = ,ftrt5, &.5F", T. 4tE i = 4 *S~fn
..:. r.. at Glenwood. AZ 4. ,

Glenwood Minn Oct LIMITED States
Senator Nelson made his f1rsts speech in
the campaign here last night and was
heard by an audience which packed the
operahouse. Senator Reeves presided over
| the meeting. !. ''""'' ~
Mr.. Nelson said that Minnesota has the
best railroad legislation in the United
Staes He cited the railway commission,
which regulates rates, and alluded to the
laws compelling railroads to build sidtngs,
forming a board of grain appeals. and that
by legislation farmers are: well protected
IN shipping grain. All this legislation
came through republicans: and in .oppoai-
ton to railroad influence. Next he took
| up tax legislation, discussing the tax COM
mission and tax code proposed by the last
legislature. He said that the code was
good but not practicable under the state
the fairest method Of taxing intangible
property. He urged amendments author
| 1z1ng an income tax and an increase in
the gross earnings tax. He praised Gov
ernor Van SAINTS. administration as hon.
| est courageous and reliable, and cited
his action against the railway merger.
He mentioned the excellent conduct Of
the grain department. the binding twine
plant and other state departments as very
creditable to the republican administra-
| ton. : 80 r., ti"{
Administrations c ontrasted.s
Turning to national affairs he said that
he thought American people would decide
to let we'll enough alone The republican
party has given the people good govern
ment and prosperous tines Ten years
ago the democrats asked for af chance
to run the government, promising
tariff reform and fre trade A
Cleveland democratic - congress was
Of 1893 During Cleveland 8 term the ma
tional debt increased $262, ,000, 900. BY Nc
kinley's election confidence was restored,
! The passage Of the Dingley bill was fol-
lowed by a revival Of industries.
Ihe speaker devoted some time to a
discussion Of the gold standard He re-
ferred to the national bank law by which
| money Is scattered all over the country
instead OF being congested in money CEN
ters. To-day money Is easy everywhere
except IN New York city. The United
States Is now the financial and Industrial
center Of the world. Foreign bonds sold
In this country to-day, and money is
| cheaper than ever before. All this was
| brought about'by honest republican meth
ods and protective tariff legislation.
Tariff Revision. ~ n,....
Senator Nelson said that the democrat.
offer as remedy for trusts and coinbina-
| t1ons tar1n reform and free trade. They
| say that the only way to reach trusts and
| comp1nat1ons Is to repeal the tariff law
ana destroy protection. The senator de-
| clared that he was not opposed to tariff
| revision. On many articles the tariff can
well be reduced or abolished when
IT IS not needed to protect, but he does
not believe In repeating all the tariff, By
SO doing we would hit Independent indus
tries as we'll as trusts. Then it would be-
a fight between foreign and home trusts
Fore1gn countries have more trusts than
| the United States. The sugar trusts In
Germany ship to America at loss and
Sell nigh enough at home to make up. II
we have to be swallowed by trusts better
by home trusts than foreign Ftrustss @Ai1
Il 1n%the aAmerican iron and steel Industry.
40 per cent OF the product iss by iride-
| pendent concerns. Trusts cannot be
reached by repeating the protective tariff
and giving free trade. Monopolies must
be controlled and regulated by proper
legislation.
The first federal legislation was the in
| terstate commerce law Of 1887. The dem
ocratic tariff law contained a provision
against combinations Of importers. The
republicans passed the Sherman antitrust
law, which covers all power given to con-
| gress by the present constitution. This is
the only real antitrust legislation. The
constitution must be amended to give
| congress more power.
At the last session a joint resolution
was presented by the republicans to sub
NIT to the states an amendment giving
congress ample power. One hundred. and
forty-eight republicans and Ave democrats
supported the resolution; 40 democrats
and two republicans opposed it. The
democrats voted against the resolution
because by passing it they would elimin-
ate the trust issue from this campaign.
Roosevelt acted under the Sherman anti
trust law in the suit against the merger.
More Power for Congress.
The republican party has done every
thing that has been; accomplished, and is
the only antitrust party: He said that
some consultations were based on honest
grounds. The state should have tho right
to say whether a corporation shall water
stock. Corporations can be controlled
through their charters. - 4'.i.
my PLAN" said the senator, "is not
to destroy the protective system; but to
give congress more power to regulate and
| 49,.