The Minneapolis journal., 1902-05-01

on earth than in hell hereafter. He de-
livered we'll turned eulogy on the two
stand and termed them ''the bumpers on T
the car Of progress
The evening closed with short talks I
in happy vein by T. e. Brynes, w. H. I
Eustis and John NJ. Rees.
About $50 were present.
~ GOVERNOR CUMMINs' ADDRESS
He Takes Advanced Ground ON the
Regulation OF Trusts.
Governor Cummins spoke for an hour.
His brilliant rhetoric and polished dellv-
cry commanded the closest attention and
he was frequently interrupted by ap-
plause, especially toYard the close.
He began by laying down the PROPOSE
tion that the successful government OF
great people is the highest achievement
of civilization and that "to govern
republic we'll Is the most difficult task
ever undertaken by man." This led to
review Of the last forty years and their
marvellous development He did not claim
all the credit for the republican suprem-
acy, but that whatever good government
nation has been added through the wisdom
and patriotism of the republican party
From the eulogy of the past he turned
to problems of the present. He said
1t seems almost ungrateful, in the midst of
| prosperity SO abounding, to suggest that there
is in these wonderful conditions tendency
that needs to be checked and yet l can see
that, lurking in the cover OF this prolific de-
velopment. there is a danger that demands
the care Of the republican party. l have no
warrant to speak for the party to define
its attitude upon public questions, except as
And it's principles recorded in its platforms.
| AS one Of the humblest of it's members, have
| right to draw inspiration from part, open
1 to every man, and to predict that our party
| will be as quick in the days to come to pro-
mote the welfare of the people as 1t has been
in times gone by. I believe that have good
| title to add my voice to the republican chorus
to the end that when the keynote is sounded,
/ it will be as true to the interest Of American
/ growth and American interests as it has been
true in all the days of its splendid history. 4
| Il Cannot Defend whole system.
! i perceive that there is some danger Of mis-
1 understanding the republican position. Stand
/ ing, as we do, as defenders and, to some ex-
j tent as creators. OF the mightiest. Develop
| ment the world has ever seen, our democratic
| friends will endeayor to make responsible
for all that is involved in existing conditions.
Standing, as we do, for the protection Of the
4 potent instruments OF expansion in business
and commerce, as well as in sovereignty, we
must be careful not to be driven by the un-
patriotic assaults Of the enemy into an ad-
/ Hocacy OF certain phases of industrial life
4 which have grown: out Of our unparalleled
prosperity. Stung by the unjust taunts OF
1 adversaries who seek nothing but political
advantage, we must not be carried into a
eulogy upon everything that is being done
or attempted by the ambitious captains OF
y industry We may laud without restraint the
wonderful accomplishments of our country
4 We beHeve In sthe accunnulatons of wealth
and we do not expect to reduce humanity te
Il common level in this respect. We believe
in the growth of industrial and transporta
tion corporations, and we have steadily no
only protected them within Just bounds, bu
! have encouraged their development. In thu
. full light of this hour, taught by\ a prolifi;
experience, / would not, If l could, subdu
the spirit which has made the republic promi
, nent throughout the world and conferred un
!, told blessings upon its citizens. But within
,, the last three or four years, human nature
: fired by unwonted prosperity, and led by tn
kings of commerce, have proposed and hav
been endeayorin'g to accomplish objects whic]
; are intolerable in a free country, which d
not tend to development, but to tyranny. Tn
. fundamental law of healthy, vigorous, en-
" during industrial life is competition.
: Importance of Competition.
: There are but two forces which can safel
be trusted to regulate industry and commerce
/ The FIRST Is competition; the second, law.
a all the period of which I'VE are so proud an
q which is so marked with the monuments G
J.. progress, competition has been the movin
: factor of the advance. care not how Iarg
Il corporation may become. how extensiv
Il its operations; If it grows in a natural wa,
So promoted by the genius Of those who condut
= it's affairs. SO long as dts business is to max
s. more and better progress and establish ecor
Y cmy in operation, we can look not only with
" out fear but with pride, upon it's dovelcI
g nent: but when a corporation is organize
n either to make money cut of baseless stocl
l. and bonds in the mere operation of organize
tion, or is organized to purchase rival col
n Germs in order that competition may be sui
h pressed or Impaired, it is then high time
10 cast about for measures that will check ar
Is correct so vicious tendency. To put tt
Id case concretely, there was no thought
le alarm as we witnessed the growth Of Il
De Carnegie Steel company for we knew that tt
te victories that it was winning and throut
which it grew beyond the dreams of /
founders, were won in a contest in viii,
brains and enterprise always earned the
ar laurels. But when we saw the United Stat
a. Steel corporation come into existence, first
10 enrich its promoters BY the issuance OF va
y. quantities OF fictitious stocks that represent
IN nothing but the audacity Of the sellers al
at the credulity of the buyers; and second.
, buy at extravagant prices competitive man
Y. facturers IN order that competition might
~ 81 wholly or substantially eliminated. the Inc
al orable tongue In the bell Of a nations Ii
~ ~ rang out warming, and we shall be false
~ y all the traditions OF our party If we do n
=. meet with promptitude and intelligence tt
- - new problem in the affairs OF men.
ut Railroad MonOpOIy.s
81 may put another instance. The exte
:, sion Of the railway systems Of the Unit
es onr2ssrt;Is ar,n,r th.n .n .tha, .,-,a oIas,s
y. no In the problem OF progress, and to the gent
~ =. and provision of the men who projected a
- carried forward these mighty works of int
sir
lie.