The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1902-10-03
BOIES In THE FIELD.
Accepts Nomination for Congress on
Democratic Side.
Former Governor OF Iowa Gives His
Views ON the rari0 and the
Trusts In Formal Letter
of Acceptance.

OF Acceptance.
In formal letter of acceptance.
made public Wednesday. September
-, former governor OF Iowa, Horace
Boics, consented To become the dem
ocratic nominee for congress from
the Third district. He accepts the
nomination. he says. as a matter Of
duty.
lie says he regards the nations
attitude in dealing with the trusts
as the paramount question before the
people and emphasizes his conviction
that the present high protective tar
fl Is historically and logically the
mother of trusts and responsible for
the unique and oyershadowing evils
which threaten the country.
lie urges the fusility of legislation
other then tariff reduction 10 restrain
the ravages of the trusts and cites
the fact that the majority of these
combinations have been organized
openly in the face of carefully pre-
pared antitrust laws. He pledges
himself to sinrelenting and unremit-
ting war on the trusts and gives his
full Endorsement to the Iowa demo-
cratic platform.
Text OF the Letter.
The letter of acceptance in full is
as follows:
waterloo. Ia, Sept @-P. J. Quigiy.
Henry Parrot I. r. Springer. Committee.
f.er- fn ~ t1s x fre NJ.
ficlaily notifying me Of the action OF the re-
cent convention al Dubuque IN unanimous
ly selecting me as the democratic candidate
for congress in this district ard expires sing
the hope that I would accept the same is
received
TN no sense unminGfui Of the honor such
a nomination Confers or the kindly feelings
OF those who tender Il. I want 10 consider
the question Il presents from the stand
point Of duty. which every citizen In gov
eminent like our own owes 10 the common
wealth OF which he IS a member
In doing this am compelled TO recog-
rize the fundamental principle upon which
our institutions rest that the source Of al
official authority. from the lowest 20 The
highest OF public servants. is the people.
and, this being true. II seems necessarily %
follow that they. through sources nearest
the seat OF that power, should IN the alb
serce OF reasonable excuse or tie part ~
candidates. be permitted 70 select those
whom they desire TO represent them II pub
lie positions.
Accepts Nomination as Duty.
~ beg therefore. TO assure YOU that pro-
ourciy impressed as ! IN by the respcrsi-
nliiiies my nomination imposes ard CRATE
ful rs shall ever remain for the canfCerce
x implies feel II Is matter OF duty OF
my part 10 accept the same regardless OF
any personal desires Of my own.
wra.s. a.
necessary. irasmuch az no platform of
principles was suggested by the convention
from which my nomination comes. that
should express my personal views on what
seems 10 me the most important question
that row agitaies the public m!ra.
This. in my Judgment. Is the nations
duty ir dealing with the great combinations
OF capital that have been and are still be-
Ing rapidly organized in many Of our indus
trial pursuits and which have come to be
generally known as trusts
ut Is no exaggeratior TO say that the
great mass OF our people are profoundly
disturbed by what seems 70 them the I'm
penCtng evils of this new departure IN so
many OF our business enterprises
The serious question that confuses and
hopelessly divides US Il the remedy that
must be fourd for ne dangers they
threaten.
I'm approaching solution Of that cues
flOr We should GTQeaNO- correctly 10 COM
preherd its exact nature
Trusts. and Their Evils.
To DO this II is necessary 20 understand
first Of what trust. in the ordinary ac-
ceptation OF that term. consists.
In Its most Objectionable form II Is a
combination Of the properties Of consider
able numbers Of individuals or corpora
lions, originally operated Independently Of
each other. into one larger corporation
-. @Elya -. -
Management.
The dangers which resul: from these
greater combinations are more than one.
THE mere statement OF their constituent
parts demonstrates that they must OF
necessity limit. II they do rot destroy.
competition in every lire Of business In
which they are organized
Another is the established fact that sep
arate owners or distinct properties. who
consent TO merge the same IT. the common
property Of greater combination arc ac-
cept in lieu thereof as is usually done. the
bonds or stock OF the new corporation. uni
versally insist upon exorbitaEt estimates
OF the value OF that which they contribute.
thereby compelling the managers of the
rev enterprise so 10 conduct its business
that IL Will pay reasonable dividends at
least on its enormously waterec stock
AnaIysc. the steel Trust.
"A notable example Of this evil Is found In
what is known a the American steel trust
Under which separate properties. the orig
inai cost OF which. II Is said did not exceed
sfcocoorp, have been capitalized AT the IN
comprehens bile sum Of 81. ~" 6s"ofa. ard its
bonds ard stocks to that extent placed upon
the markets for sale.
AT the head OF that huge concern Is a
single individual. whose annual salary Is re-
puted 10 be a round million OF collars. with
a long lire OF other officers and agents rnu-
Efficiently compensates for their services.
ard stili the business OF this monster COM
bration is so maraged that II pays these
extra ordinary sums to its managers ard
agents. together with most liberal dividends
upon its enormous volume Of bonds and
stock
1T requires little foresight TO compre-
herd that In order to do this Il must sell
the output Of its business tn some Of its
customers. at least az prices enormously
in excess Of their actual cost Of production.
THAT this is core 20 home consumers Is
established by the fact that
large quantities Of It's products are shipped
abroad and sold ir foreign markets al 1T
tie more than ore-half the prics sxacted for
them here.
Peril In Wntered stocks.