The times. [volume] (Richmond, Va.) 1890-1903, 1902-10-03
'DOLL|VER SOUNDS
DOOM OF TRUSTS.
Iowa Idea Expoundsd Before
Republican Meeting.
THE LAW OF COMPETITION
] flndividual Manufacturer is Ever lm-
potent Before Monopoly Iowa SEM
ator Says Walls Of Protection
Will Be Broken Down.

CHICAGO. October 2.-The Iowa Idea
came to the surface tonight at mass
meeting under the auspices of the Ma
tional League Of Republican Clubs, which
met in annual convention mere to-day.
United States Senator ). P. Dolliver, OF
Iowa, was responsible. Interest became
intense when it was realized by the dele
gates to the convention and spectators
that they were being treated to the first
public speech on the subject by a ma
tional leader Of the party since the Iowa
Republican State convention. Mr.. Dolll-
yer said, in part:
Let US look at the Iowa idea for
minute, and I select that, only because
I am more familiar with 1t, and because
circumstances have arisen to give It
universal advertisement It has been pre-
sented to the country as the sudden inn
pulse of dissatisfied mischief makers with
in the Republican party. On the other
hand, tbs the mature Judgment OF man
whose wisdom has never failed the Re-
publican party In the forty years OF his
uninterrupted public service.
'It Is evident that, even If 1t were de-
sirable to kill the trusts. 1t could not be
done by merely renting the duties which
their foreign competitors pay at our Gus
tom houses Even Mr.. Bryan, who talks
Of putting the captains Of industry into
chain-gang and sending ]. P. Morgan
first. to the poor-house and then to the
penitentiary, admits publicly that the free
trade remedy falls very far short
of the object he has in view
Neary every sober student OF the
object admits that It was the
pressure Of competition which has drawn
some Of our industries. first, into groups
and then into gigantic combinations. IN
der a single cornora fe ma ma
successful attempt to repeal the law OF
competition in the American market-place
would be speedily fatal to the protection
tariff system because the whole design
of that system rests upon the unimpaired
vitality of that law.
Before anybody makes up his mind
that the so-called American trust is a
permanent institution. let him consider
the long list of ambitious combina tons
which have already had their affairs
wound up by the courts Of justce-the
alcohol trust, the linseed old trust the
alkali trust, the asphalt trust. the bicycle
trust and scores of others whose very
names are now forgotten.
What was the matter with these aston
ishing creations of the promoters ar.2
Nine out of ten of them were bogus and,
without stretching the law very much.
could have been denied the use of the
y
yesterday one of the mammoth estab-
lishments, the National Salt Company.
had little business before Court of
Equity in New Jersey. The organization
Of that trust in 1889 was looked upon
everywhere as step In the direction Of
monopolizing the necessares Of life.
NOTHING TO FEAR
The more I examine the old law OF
competition the better 1t looks to me-
If this day of settlement has already
come to SO many of these once formidable
institutions. how has it Jared with those
which have so far survived the test?
Already the evidence is accommodating
from which the doom of the trusts can
be foretold even the most solvent and
best managed of them all. The figures
of the census show that neither in the
mercantile nor the manufacturing world
has the small dealer, who owns his bust
ness and gives it his personal attention
anything to fear in competition with the
overgrowth and top-heavy investments
Of capital that surrounds him.
There is no room in this direction for
vain EXPLANATIONS of alarm and despair.
Up to this time the tariff policy to which
we owe the prosperous conditions which
now surround us. has been the ally Of
impotent capital in its grapple with the
modern trust system; but if the day
should ever come when the productive
energies Of the American people are i'm
potent in the presence Of monopoly. the
protection which for more than a gener-
alton our laws have given to all our in
dustries alike, is not likely to remain to
enrich such conspiracy Of avarice and