Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1902-01-21

pai0 LOT at par, IN money before ~ Is
genius for deception has too often been
he, declared the counterfeit it
svil of DISQUALIFICATION has
mother serious phase: 1t furnishes
5p Legitimate motive for excessive
prices 1t IS perfectly natural for tn,
3@an&gerS OF corporation SO organize mat we,
upon the real capital invested in the
business. but also upon the baseless
stock which represents nothing but the
audacity of promoters and the weakness
of the law.
These suggestions would be, idle If
there were no practicable remedy for the
tanns the tSrough State legs
lation. The state in which the greater
number of these companies Is organized
secures revenue from them more than
state government. and seems easily con-
WINGED of the Justice of its laws. I
believe the. question is national one,
alizc It. | recognize the difficulty of
amending the constitution of the United
States; hut I know that whenever the
and will be done. Before CORPORATIONS
which are to do business throughout the
country, and in which the people. of one
state are. quite as much interested as the
Eanize they should be compelled to show
that their capital stock has been paid
for in money, and that the real value
of the property they acquire is as great
as the stock which represents it.
| am unable to agree that we can cure
whatever evils may. exist in these. or
CARNATIONS, by publicity. Their affairs
every intelligent man understands in a
general way of what they are composed,
what they are doing. and what they are
earning. 1t is we'll enough to require
them to make statements, and submit
to examinations, but if we are to limit
our regulations to mere publicity, the
outcome will not justify, the attention
Pursuing the subject one step further,
/ am led to observe that If we accept
the proposition that competition, and
that alone, will preserve the people from
If we cannot aTtificially induce competi-
ton, we can at least be certain that we
do not artif!cially exclude 1t, We have
tariff duties, believing, and we'll believ-
ing, that the general interests of the
people would be better served by devel-
opiing our own resources to the fullest
American price rose higher than the for
eign price; believing also that home COM
petition stA,sn o would hold every commodity
that whenever consolidation of manu-
| facturers with respect to any commodi-
ty STILES competition at home, or so re-
fairly felt, then 1t is the imperative
duty Of congress to Immediately remove
the artificial restraints we have created
sion of the tariff: but stand for COM
| petition. the competition of the republic
If possible, but of the world if neces.
monopoly. or substantial monopoly, II
any important product as Infinitely more
disastrous than the consequences of for
eign imp6rtatiQns,
Tariff and Reciprocity.
Permit me also brief consideration O
the tariff and of reciprocity. In this pres
ence need hardly reiterate my. profound
conviction in the wisdom of the polio.
which has levied tariff duties not for reve
npe alone, but to equalize the conditions un
der which manufacturing has been estab
lished and carried on in the United State
and the conditions which have existed else
deeply indebted to this doctrine for tn
: gratifying position we hold in the affair
of the world than to any other one cause
, object of maintaining high pretectiv
, duties has been to enable us to profitabl
produce that which we have consumed
. s Wages which are the birthright Of tn
e American labprer. The point of view, how
o eyer, has somewhat changed, and we ar
b now freely. exporting net only agriculture
q but manufactured products; and we mus
: look, therefore, not alone to the things W
a consume. but to the things we export.
: I cannot resist the conclusion that som
s t the medium Of reciprocal treaties but
! rectly. l said recently In public address
: and / repeat it, that there Is one conditio
I not endure. They are patriotic enough t
;. see American goods sold in foreign. maj
= kets cheaper than they are sold at HON
J. If the purpose y to esta bhsh trade or
=, unload an unexpected surplus; but the
~ will not tolerate. as a permanent trade po
.nn icy, the selling of goods abroad at le!
d price than they are sold lat at NJ home me- 1t
;, which this practice is likely to become pc
: manent, and If congress SO finds it ough
y, " and doubt not will, declare they no long
~ need the fostering care of protectiN
F. duties. In no other way can we rend
~ Justice to all our people.
Labor and Capital.
/ have already referred to one subje
ii which, as l view It, cannot be successful
Of dealt with until the constitution Of Il
~ | United States is so amended as to give
pr congress the power to make and enfor
1e such regulations as will be effect
VS. throughput the whole territory OF t
s- other which, in my judgment, must I'll
Il. matey be treated from the same stan
he point 1 mean the unending controver
~ between the employer and the employ
~ respecting the conditions of work and I
ID compensation for It, thoroughly belle
~ y, that the government must bear hand
ge the solution of this problem, and | {
We equally convinced that it cannot effectua
r. do SO until we nationalize the subject.
a. have no sympathy with the arraignmelnt
"a grown very rich while the great mass
ia. mankind accumulates but little or nothi
no do not believe that the laws of the Uni
we States. and in them l include the laws
we the several states, can be justly chars
m with either the intent or the effect or fav
eW ing one man or class of men at the expel
la' of another man or class Of men. | may
ye, plore the fact that wealth is not more ev
la' ly distributed. but it is nevertheless II
IN that the startling inequalities of life m
be imputed to some other cause than
favor of the government
Governments are not organized simply
~ keep the peace; 1t is no inconsiderable p
;nee of their function to help those who can,
ast help themselves. The government, as
ese seems to me, has at least one duty to 2
CIV form in this connection. 1t is vitality int
on. ested in seeing to it that the men who
N, enable them to fully protect themsel
10y shall receive that reward for their lat
ms, and shall be surrounded by such conditic
led as will make them good citizens. | bell
ms. that the power which wealth bestows on
ity sometimes to be checked, and, through v
i've legislation, the rights of the weak and HI
md less more carefully preserved.
~, "a, Corporations.
ore There is another thought which is dir
hat ed more to the creation OF wholes'
moi sentiment than to the enactment of la
i'm. to which must draw your attention.
i'm who honesty makes !, mas {aH right to sa 2,
and dollars; YET there aIt CERTAIN tHGiuens
evil wealth, ana especlai!y associa,teu Wea
ne rs grafton Of those who have the welfar
rial their country at heart Wealth a give
de. him VINO OWLS OF eCntto oI,, - poM ,a
sire Bower 10 endow schools. found libraries
n relieve want; but It also gives him pc
cts to seduce and coerce his fellow men,
,ra. this power should he most jealousy s.
ms. linized. Wealth, and especially ncorpo
ties, wealth. mas many 'ts"'s' ou' ~ ~ '-N