Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-07-31
TARIFF AND THE TRUSTS.
Two Dominant Features in Temporary Chairman
Smiths Speech Before the Republican Conven=
ton at Des Moines Today===Ful Text OF the
Address.

a SOUND currency Is tSsssiItisil w NO'''
mercial courage, the republican party
also realized that above all things the
prosperity of a people Is Dependent up
on the amount of work they nave 10
do All work may be roughly classlheu
into that which is incident to the pro-
duction of things of current consump-
ton, such as food, clothing, fuel and
lights; and that which is incident TO the
production of permanent works, such
as buildings. railways and highways.
No country ever enjoyed even ialr
measure of prosperity when its people
had no work to do except that neces-
sary to the production of things OF cur
rent consumption for themselves. o
enjoy prosperity a people should so Tar
as possible produce those thlnSs, pu,
they must in addition thereto nave
either the labor incident TO great works
of internal and permanent develop
ment or that which is incident to the
production of things of current con-
sumption for other people. To the END
that as much labor as possible may be
performed at home by American work
men the republican party has always
believed in a protective tariff, and when
it returned to power enacted the Ding
lie ylaw, which at it's date was wisely
adapted to the purposes sought, and
has aided more than all else in bringing
about the boundless prosperity we now
enjoy. We have by the restoration of
hope and confidence induced the great
est development of internal improve
ments of Il permanent character III our
history. and thus added to the work
furnished the American people to DO.
/ Under the impetus thus given to Amer
lean industry we have pushed our eN-
port trade until last year we sold
abroad nearly $1,400.000,o0O worth OF
| American merchandise, and all the Ia
Dor incident to the production OF TINS
vast quantity of goods was added to
the supply of work furnished the Amer
lean people to do. BY these three
means an abundant supply of work has
been given to all, and prosperity has
blessed the rich and poor The balance
of trade last year in our favor was
NEARLY s5O0,OO0000. The magnitude of
this balance will perhaps be better APP
| preciated when l say that the balance
in favor of the United States exceeds
the combined balance in favor of all
other nations of the earth. Happily,
prosperity has not hardened the hearts
of our people. A few weeks ago ru-
NOR reached this country one Friday
morning that the second greatest vol
canic disturbance in the worlds history
had befallen the people of the French
island of Martinique, and that those
who survived were homeless, naked and
starving On Saturday the senate
passed bin appropriating money for
the relief of the distressed, on Monday
the bill passed the house and on
Wednesday the United States vessel
Dixie sailed from New York heavily
laden with food and clothing for the
people of the afflicted island, to be dis
! tributed under the supervision of that
fright arm of the commissary depart
| nent, Col Hugh j. Gallagher of Iowa.
Along with our wonderful develop
| ment have come new problems. Agri-
| cultural products can be shipped with
| cut being already sold, and Will be alb
sorbed at the great central markets at
some price. The farmer can ship his
grain, or his live stock, without any
previous contract for their sale. and
| they will be bought at the market price
| of that day, be that good or bad. But
| few manufactured goods can be thus
sold. Steel bridges and locomotives
can not be simply made and shipped
| and find a market at their destination.
| Orders must be obtained for such prod
ucts in advance. We are now able to
produce large surplus in most lines of
manufactures and it Is essential that
| foreign markets be obtained If our fac
tories are to run at full capacity and
| labor is to be constantly employed. The
seller must hunt the buyer. Small
| firms and corporations can not keep
agents in all parts of the world seeking
| orders for such goods. To carry on this
| class of trade great corporations are
necessary, and the loss of this class OF
trade last year would have meant the
\ loss to American workingmen of more
| than s400000,000 worth of labor, and
| would have materially affected the sup
ply of work and its wages turnout the
country. To the end that men may be
kept in all parts of the world seeking
contracts to be performed by American
labor, as we'll as for many other rea-
sons, 1T is. essential that great corpora
lions exist, and no intelligent student of
the public interest would wish to de-
corporations essential to our common
welfare have become in practical effect
and are now commonly called trusts;
have seized advantage of the necessity
/ for their existence, and Ised the power
conferred upon them for the public
good to Cypress and burden the people;
have established prices for their COM
modities out of due relation to the cost
Of production, and have otherwise
abused their high privileges. The re-
publican party is determined that these
organizations, the creatures of the peo-
pie for the public good shall not be-
come the masters of the people.
In Iowa the state law IS radical upon
this subject going to the extent of pro-
viding that one who buys goods of Il
trust can keep the goods and need not
pay for them. The existence of such
institutions was unknown at the time
the national constitution was adopted
and 1t is not to be wondered at that our
fathers failed to expressly confer upon
congress any authority upon the sub
| iect and so it is that such power as
congress possesses is chiefly derived
from that clause of the constitution
which authorizes it to regulate inter-
state and foreign commerce. In the eX-
ercise of this limited power a repub-
lican congress passed AN anti-trust law.
drawn by that distinguished statesman.
John Sherman of Ohio, and it was
c;1nod nv Ranian,in Harrison a ranI,E-