The Denison review. [volume] (Denison, Iowa) 1867-current, 1902-10-03
DOLuVER ON IOWA IDEA
Tariff Issue Comes Up at Re-
publican League Convention.
INTEREST IN SENATOR'S TALK.

Says Law of Competition is Still in
Force and That Trust Question viii
Settle Itself-Four Candidates for
League Presidency.
Chicago, Oct 3.-"The Iowa idea
came to the surface at a meeting under
the auspices of the National League
OF Republican clubs, which met in
annual convention here yesterday
United States Senator j. P. Dolliver
OF Iowa was responsible.
Senator Delivers distinction as an
orator and statesman assured him in
advance the enthusiastic reception he
received from an audience that filled
the First regiment armory. Interest
became intense when it was realized
by the delegates to the convention and
spectators that they were being
treated to the first public speech on
the subject by a national leader of the
party since the Iowa Republican state
convention. Mr.. Dolliver said, in part:
"Let us look at the Iowa idea for a
minute, and select that only because
I am more familiar with it and be-
cause circumstances have arisen to
give it universal advertisement. 1t
has been presented to the country as
the sudden impulse of dissatisfied
mischief makers within the Republic
an party. On the other hand, it Is
the mature judgment of man whose
mature judgment has never failed the
party in forty years of service.
Removal Of Duty Not Remedy.
"Our party recognizes the necessity
for large capital for the transaction Of
great business, especially for the
commercial conquests upon which we
are now entering, but they also recog-
nize the abuses in great industrial en-
terprises and would have the govern.
ment stand between the community
and the reckless perversion of the
recent law Of corporate property. It
s evident that even if 1t were desir.
able to kill the trusts. it could not be
done by merely renting the duties
which their, foreign competitors pay
at our custom houses Even Mr.. Bry.
an, who talks of putting the captains
OF industry into a chain gang and
sending J. Pierpont Morgan first to
the poor house and then to the peni.
Tertiary, admits publicly that the free
trade remedy falls very far short Of
the object he has in view. Nearly
every sober student of the subject ad.
mits that it was pressure of compe-
tition which has drawn some of our
industries first into groups and then
into gigantic combinations, under a
single corporate management. con-
fess that as a lifelong friend of the
protective system l take very pro.
found interest in the question.
Passing Through Ordeal.
That principle, which never failed
to justify the doctrine of protection
in any period of the past, is today
passing through an ordeal hardly even
anticipated when the tariff law of 1897
was placed upon the statute books.
II one field OF production after another
passes under the control of speculat-
ors intent on nefarious schemes to en-
gross the whole market, the protection
literature of 100 years becomes mis-.
leading and obsolete.
Before anybody makes up his mind
that the socalled American trust is
permanent institution, let him con-
slider the long list Of ambitious COM
binations which have already had
their affairs wound up by the courts of
Justice. The alcohol trust, the lin
seed oil trust, the salt trust, the as
phalt trust and scores of others whose
very names are now even forgotten.
What was the matter with these as
tontshing creations of the promoters
art? Nine out Of ten of them were
bogus, and without stretching the law
very much, could have been denied the
use of the mails on an ordinary fraud
order.
Law Of Competition Still in Force.
"The more examine the old law of
competition, the better it looks to
me. If the day of settlement has al
ready come to so many of these once
institutions, how has 1t
Jared with those who have SO far sur.
vived the test? Already the evidence
Is accumulating from which the free.
dom OF 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 business
and gives it his personal attention,
anything to fear in competition with
the overgrown and topheavy invest.
nents of capital that surround him.
There is no room in this discussion
Tor vain EXPLANATIONS of alarm and
despair. Up to this time the tariff
policy to which we owe the prosperous
which now surround lis.
has been the ally of independent cap.
tai in its grapple with the modern
rust system; but if the day should
ever come when the productive ener-
giles of the American people are i'm
potent in the presence of monopoly.
he protection which for more than