The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-15
Commemorated With Reception.
atthe Club House.
SUBSTANTIAL ISSUES SAME.
Mr.. HIPS Appeal Was for Democrats to
Bury Petty Differences and to3Face
the Common Enemy Upon the
Everlasting Principles of
1.fersonian Democracy,
He Was Applauded.
tBy Associated Press. J

NEW YORK. April The members
of the Democratic Club tonight oom-
memorated the birthdaXEof Thomas JEFF
ferson with Q. reception alSthe club mousse:
It was looked upon among the Demo-
Gratis Of the city and State as IA harmony
meeting. Isl. 4, ST.
David B. bill. who hadFnot visited the
club for a. number ofs5years. was Ethe
Grief orator of the evenin 6, and in his
speech he called upon Dem ocrats to Unite
in harmony. Perry Belmont, W hose
difficulties with Mr.. Bryan and Mr.. Gro
ker have kept him awayF from the club
for three years. was also there.
Lewis Nixon, the new leader OF Tam
many Hall, introduced Mr. Hill, who
spoke as follows:
HILLS SPEECH
Mr.. Hill, among other things. spoke OF
the question of combinations of capital.
He said: iEstzsSs
..Gne of the great problems which is.
now presented to the people for thciT 50.
Luton is how shall Iefferson's s. sentiments
he utilized for the prevention of tho evils
hicl, he foreshadowed? 1t is not 7 cues
ton for political juggleTy. It is :aot 4
question to be lightly dismissed.
81 1t is an elementary proposition wi1icll
the wisdom Of experience has abundantly
-COn11T1HeQ duu WHICH, epe4
of unparalleled commissions and specula-
tions ought not to be disputed, that, what
ever tends to create a monopoly and to
prevent legitimate competition between
those engaged in a business impressed
with a public or quasi-public character,
is opposed to a sound public policy.
1T is perhaps difficult Id predict how
Jefferson. if he were alives toad ay, would
meet with the difficulties which we en-
counter. We venture to suggest that he
would insist upon some reasonable limi-
tation upon the amount of corporate capt
tai which might be invested in a. single
corporation.
"'Jeffersons teachings might suggest a
limitation upon the amount Of the divi-
dends which could be lawfully declared or
upon the profits which could legally ac-
cumulated by these tremendous business
organizations, or he might demand that
the Government, in justice to its over
.burdened Taxpayers, should withdraw its
tariff favors from the infant indus
tries represented hy these institutions
whose projectors are already rolling in
wealth and are astonishing theEworld by
the muniticence OF their private benefac-
5tions.
'sNVc may we'll believe that Jefferson,
who was equal to every emergency in the
he were im power. find some appropriate
and adequate remedy to curb the rapaci-
ty and restrict the dangerous power OF
these gigantic combinations
COLONIAL EXTENSION
On the subject Of colonial extension. Mr.
Hill said:
.'It is safe to believe that Jefferson
would never have favored an expansion
OF our Jurisdiction which did rot carry
with it the provisions OF our Constitution
to which he was so devotedly. attached
and which he defended SO vigorously with
his voice and pen. He would unquestion-
ably have viewed with abnorrence the
establishment of a permanent American
colonial system, whether contained under
military rule or under civil authority ap-
pointed by the central government at
washington. His theory was unquestion-
ably the Democratic doctrine OF to-day
that this governments has no more aGthorl-
ty to create a permanent colonial sys-
tom than it has the right to. create a
King.
Jefferson. as the friend Of popular
rights. favored a provision In the Fed
eral Constitution for the election OF