Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1902-01-21

that of the things men JNDst WdAt' ~ ~ N
the most to give. With an empire OF farms
which. taken as a whole, never have mad,
nor can have, parallel on the race Oh tne
earth-farmS whose productions can pe
multiplied again and again without serious
strength of their fertile fields; with popu-
lation steady in growth and perm aheht Al
character, prosperous beyono oesciipeioh
and as well defended against the unceF-
tainties of the future as the lmagiHat'oH
can conceive; with poverty and Ignorance
reduced to their minimum; with education
and intelligence universally dlHuseo' Win
a love of country in every heart ano ,ie
weapons of industry in every hand; Win
genius for the science OF government leao-
ing as we'll in congress as In cabinet; Win
a growing tendency toward the best forms
of learning, and the noblest Ideals IN social
and civic life, 1t is small wonder that pros
perity reaches its highest level. progress
its most uniform pace, content us ssIep a
phase and happiness Its most perfect ex-
preston, in Iowa. Without disparaglng Inc
Splendid accomplishments of other states,
it can truthfully be said that the world can ~
present no fairer destiny for the human race
than may justly be predicted LOT me me. m 1sa
and women whose homes will beauty and
enrich this garden of the world
mean that we have finished the fght.
The years to come have victories 10 pc
won and will be crowded with opp6fe
tunities to be embraced. l turn from
an inspiring retrospect to a hopeful fu-
ture.
1t is unfortunately as common, as IT
is unpa triotic, to sneef at the idea OF
the sneers and dersion proceed either
| from a corrupt heart or an unthinkins
| mind. Reform and betterment in laws
| are as essential TO the advance OF the
republic as is the growth in it's indus
| trial life. ] therefore make no apol.
ogy for the belief that many of the
questions ito to US ot p e Inc a aHe
| nuateIv answered On the other hand
| he who predicates his demand for chang.
upon the hypothesis that what we nav
throw rather than a gradual approach
toward higher efficiency in government
is a superficial agitator, who doofns MIN
mental me- law Of mankind. The true frien'
of progress recognizes that what W.
have is good, but perhaps that W
may have better. He see sees me e;n ana n en
forms and phases; and he knows tina
government, to be Just and effeeuye
must adapt itself to. the changing rela
| tons of men and the varying tenden
cies of the age.
Industrial Combinations.
The rapid accumulation of wealth an
its UNPARALLELED concentration were tn
| distinguishing characteristics OF the las
decade of the nineteeth century. ines
inauiry for governmental investigation
/ do not believe that the government ca
safely deny the right of association uI
der established forms: nor am read
to concede that industrial organisation!
however large their capital or extende
their operation, If competition remain
and welfare of the people; The mouN
which underlies the so-called trusts an
combinations is apparent; It Is the ora ora
pled with the belief that 1t can be mol
, readily, surely and largely made in thu
, manner than by am, other. I do NJ
mate it would be to paralyze the ar
, Of Industry. fata, alike to ambition ar a,
Improvement nhs ess agra antsen
; their effect upon competition. Comp
: tition is the paramount law of industri
life. Il may, and ,, very often 7. does; a
= ist in full vigor If we do not desi
the government TO assume the power
e fixing the prices OF 'ndustrlai produc!
- dion owned and controlled al the tran
o portation facilities of the United State
= it would be absolutely necessary for
government 10 prescribe and enforce t
& rates for Transportation service. 1t
d equally clear that II a single corporate
= controlled the manufaciufe OF the impe
1t tant commodities required by mode
r. life, and the monopoly was likely to
=, long continued. it would be necessary,
, the government to fix the price at Wnl
AZ such commodities should be sold It ca
:. not be successfully denied that eve
+ Consultations even though 1t does I
ne draw in all the products in which
deals, narrows the field of competitit
u There may be sharp and effective, CO
le petition with two competitors; It
however not so likely as with grea
aumber. I heye mentioned these thin
,oot "a Indicate that / think there is
al nerfsct remedy within our reach,
70 muci, tHuss Ae RENTED to the natu
nc laws Of Individual enterprise; but "a
to er to point out the ADes along Wh
nd interference is not Only permissible, 2
a demanded. First the motive to orga
ize such corporations could be, a
lie, should be, limited to the natura. aesl
ed to, make profit from the business bust lei
=. which the corporation Is to engage. =
on observation leads me to believe -
nd many of the large Industrial compi1
lions would not have been proposed
= effected, had It not been for the kno'
edge that the promoters or organlz.
could make stupendous fortunes re
nd mere operation of consolidation. ~
said and I believe 1t to be true.
"a more than so percentum OF the stoeK
or every trade combination now IN eai
ence is pure fiction, and the oPportun
to gamble upon the stock EXCHANGES
worthless stocks has been uppermost
the minds of those who have been m
S s,ss,l IL r'9E;aEy ts sSSssvsasss nv