The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-10-09
BIG CROWD PRESENT.
CONCLUDED FROM FIRST PAGE,

1INoI IAIE.J
was told. In this country the deposits in
savings at this time are greater than the
combined savings of any other four nations
on the globe. Balance of trade in favor of
the United States since Mckinley became
President amounts to $500, 100000. From
the time of George Washington through all
the years down to 1897 the balance in our
favor amounted to 1888, 600, 900. So that dur
ing the last six years of Republican adj
ministration the balance of trade in our ia
Vor has amounted to more than seven times
what 1t had been during all our life as q
nation. Banks of Kansas, Nebraska. Iowa
and other granger States are stuffed with
money. Mortgages of the West have been
paid off"
On the topic of trusts Mr.. vreeland said:
The Democratic party seems willing for
the present to drop the silver question.
the crown of thorns shall continue to
press upon the brow of labor. They now
say that the trusts will destroy the country
unless they are returned to power to ad-
minister a free-trade remedy. The word
trust is now applied indiscriminitely by
Democrats to all large corporations. They
say that the greater portion of the bust
trusts. Therefore If everything produced
by trusts is put upon the free list it would
mean the inauguration of a policy of free
trade. We should remember that ninety
nine out of 100 corporations exist for the
public good. The railroads Of the country
have been consolidated into a compare
lively few great systems, but the freight
rates ave steadily gone down. CentraIiza-
ton and organization I'm industrial lines
have gone on steadily for twenty-five years,
not only in this country, but in Great Brit
ain, Germany and other great commercial
nations. There was a time when in every
village the village shoemaker made boots
and shoes for the people. Now this work Is
done in great factories and cities and vet
the people were never so well and so cheap
ly shod. The present industrial system is a
natural evolution. Years ago every village
had its carriage factory. A top carriage
cost s175 or perhaps $500. Now carriages are
built in great factories by machinery at
a third or quarter of the price. Under the
protective tariff adopted by the Republic
can party in 1860 factories and mills sprang
up until we had an intense home competi-
ton. 1t would often become so intense that
the manufacturers after losing money.
would combine under an agreement to
maintain prices. Every such Industrial COM
bination where unfair profits were charged
resulted in failure and in increased COM
petition"
PARTICULAR CASES CITED.
Mr.. vreeland cited the cases of the wall
paper trust, the leather trust and the wire
nail trust, all of which resulted in outside
factories being built to complete with them.
So that they resulted not in less but in
greater competition. Against this form of
combination the Sherman bill was passed
by a Republican Congress. Now we have
another form of industrial combination,"
said the speaker, under which one cor
~poration owns different plants engaged in
the same line of production. 1 make the
statement that so far as observation and
experience go, no trust or combination can
survive which does not cheaper the cost
of producing the necessaries of life. For
example the Standard Oil Company, deal
ing in an article which is not protected by
a tariff. the parent of all the great trusts
to-day. has passed through two Democratic
administrations without FARMING a hair of
it's head. 1t is, / believe, the Judgment of
those familiar with the oil business that
oil would not be sold so cheap to the con-
sumner to-day had that company not
existed. What the Republican party pro-
poses to do is to regulate and not destroy
these great corporations, because to de-
stroy them means to throw out of employ
ment many hundreds of thousands OF men
employed by them. We do not consider il
necessary to adopt the policy of free trade
in order to regulate trusts. The remedy
would be worse than the disease. We had
enough of free trade from 1892 to 1896 TO last
us a life time. What we mean to do is to
harness these great corporations TO the
power of American progress and make them
work for the benefit of the people. The
Democrats say that our prosperity is due
TO Providence. but our fields were as fer
tile, our crops as bountiful, the energy of
the American people as great during the
last Democratic administration as they
are to-day. What we have in addition is a
system Of sound money. a protective tariff
manship Of the Republican party. At any
rate If Providence and the Republican
party do act together isn't that a combina-
ton for the voters OF Indiana to join? Your
Republican brethren In other States con-
idently expect that you will not falter in
your support OF the principles of William
Mckinley.
I'VE expect that Jesse Overstreet, one of
the Republican leaders in Congress-, one of
the ablest and strongest men In the House
of Representatives, will be sent back with
the increased majority which he deserves.
We confidently expect that all of the Re-
publican representatives in Congress from
Indiana will help 10 make up the Republic
can majority in the next House of Repre-
sentatives, a majority which is needed there
! to upnold the arm and TO help carry out