The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1902-11-01

| Hsneu conndence and strengthened credit,
stimulated enterprise and built UP the
magnificent prosperity in which we re-
| joice.
Good Reasons for Trusts.
| But. we are told that our tariff has gem
| Grated great aggregations of capital which
| are known as trusts" Let me speak
with frankness and candor, and not In
any spirit of demagogism on this subject.
THESE combinations OF capital have come
of modern business bs
cause In our modern life and cofnmuni-
cations we are dependent upon great as
socia tions to do the things for which In
dividual capital and strength are insuffi-
| cient.
1t requires more capital to run an eY-
press train than to. run a stage coach,
vania railroad system than to carry on a
| little lateral road. Trusts have grown
| out of these modern business conditions,
and not out of the tariff. We have had a
protective tariff with little interruption
| for forty years, but nothing has been
heard of trusts until within few years.
they came in this country, because Eng
| land. with her earlier start. was earlier
advanced in business development, and
they are more general and comprehensive
| there than here.
Trusts Not in Control.
Let us not. however, deceive ourselves
| with the idea that the trusts have alb
from 1t. The total value of the manu-
featured product of the United states last
year was about $l3, 900 1000 and the pro-
was only s1.667 900, 900. That Is. it was 1908
per cent of the total volume The total
number, of manufacturing establishments
sus of 1900, was 296.i4O, and the total num-
ber of wage-earneis employed by these
establishments was about 1000. .000 receiV-
ing over two billions of dollars in wages.
Nf mr.
was 49, employing about 100000 working
men, so that the trusts have by no means
obtained the control of our manufacturing
industries.
Practical Remedy.
Let us frankly recognize both the good
their great power there are temptations
to abuse. and those who say there are no
wrongs are Just as much in error as those
who say they are all wrong. There are
two ways of dealing with these evils The
first is TO regulate and curb them. The
second Is to destroy them by running the
The first is the Republican method and
the second the Democratic method.
The Democratic policy would destroy
not only the trusts. but all the individual
Industries aud operators in the same
branch. and would put our markets under
the control of the foreign trusts The Re
publican party is the only party which
the earnest effort to execute 1t has been
made by the Republican president; The
president and the party can be depended
ton in a practical and effective way.
Industrial Supremacy.
The policies of the Republican admins
try industrial independence. More. than
that, they have given us not only indus
trial independence, but industrial supre-
macy, for today we stand in manufac-
foremost
nation of all the world. During these last
six years of Republican ascendency the
excess of our exports over our imports
800, 100000 in value During the preceding
100 years of our history the entire excess
of exports over imports was only $3Sa.oOO-
of exports over imports, the favorable bal
ance of trade, has been seven times as
great as in all the previous history of the
country put together.
Do you wonder that the world morvels
at the extraordinary advance of the
United States and asks where our invas-
end. (Applause). Only few years ago
our manufactures We're just equal TO
those of England in volume; Now they
are three times as great as those of Eng
land. They are equal to the manufactures
of England. France and Germany with
their 900 population all put together.
Further than that, their growth during
great as the growth in those countries. so
that if today we match the United States
against the three great commercial pow
ers of Europe, England, France and Ger,
many, our manufactures are equal to all
of theirs put together, and they are grow
ing twice as fast
Wonderful Achievements.
We have placed our country upon pin
nace that eNcteS the admiration of the
world. We entered upon the war, with
ried it to triumphant success in a hun
drcd ways, placing the United States in
a new position before the world: and let
us do our opponents the Justice to say
the l obj oppostion i to to te Tie es,ios u eSe which
grew out Of IT.. But when ii came 10
those questions they criticized and caVilled
RED the scepter Of the United States TO
the Orient and gained commanding foot
h0ld at the very doorway OF China. with
az IT'S vast markets. and our Democratic
lflcnGs denounced us as undertaking to
establish imperialism
,, we nave quelled insurrection in the
Phillppines and have brought the mis-
guided Filipino TO welcome American au-
thoiity ana sovereignty, while our Demo-
cratic friends have met this movement
Win v, tne,I Villiilcati9n yum or the American
We're a few cases of water cure" We
have unfurled our flag in the Philippines
land unfnr!ed 1t to stay--oyer the school.
of e cV V admmist stgH ad n a te asence
those people a liberty security. Justice
ana education far beyond anything they
liad ever dreamed, and our Democratic
friends answer that We have conferred
these blessings and hrreiits upon them
without their own consent. How little
and pitiful all these pleas seem in the
light of the magniicent work which has
been accomplished. Six years ago the
United States was not recognized among
the world powers; To-day she stands
among the foremost. with a leading place
at the council table of the nations. Our
flag is rpsnarind and bnnnra1 &c a. bne