The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-09-27
HERE YOU HAVE IT.
Senator Foraker Sounds a Vigorous
Keynote at Akron,
Ohio.
The Tariff and the Trusts Are Care
fully Gone Over and Republic
v can Doctrine Stated.


| Of Ohio opened their state campaign here
to-day in a most suspicious manner. At
noon there were about rs, 900 strangers in
the city. Secretary Root, Senators For
aker and Hanna, Governor Nash and Cen
eral Dick, chairman Of the state execu-
tive committee, arrived at 1890, accom-
panied by a large delegation from the
Cleveland Chamber of Commerce and
| Builders Exchange
The parade moved at o'clock in six
| divisions, and was participated in by clubs
| and delegations from almost every city
| IN northern and central Ohio while
| twenty-fiv bands enlivened the occasion
At Grace Park speaking exercises were
held Here was gathered crowd esti-
mated at 100000. Judge W. H. Epson
called the assemblage to order and prayer
was offered by Rev. r. A. Jones, colored
minister of this city.
| Senator Foraker was the principal
| speaker. He said:
Broadly stated the issue this year is the
| republican party against the democratic
party. The one is in; the other is out
| snail the one that is in, be kept in, or
shall the situation be reversed? Shall we
continue existing politics. or shall we re-
pudiate them?
| In 1900 the democrats of Ohio enthus-
1ast1cally supported Mr.. Bryan and his
platform. Last year they protested to
| take a departure and deserted and de-
nounced both the man and his principles.
This year they turned around and re-
making this record in Ohio they were
doing the very opposite in Iowa. Last
year they Endorsed Bryan, but this year
rejected him.
The very opposite of this is true of the
| republican party. 1t has been in power.
It has been put to the test. Its works are
known to all men. They speak for them
| on no. or,11 fo n h .,fo 10
know whether it's professions have been
I sincere, and whether it has met success
fully the great responsibilities it has been
! compelled to assume. -a.- -: :
It Is true that along with all this pros
| perity we do have some strikes, but it is
also true that we have never yet had a
! strike In this country on account of the
enforcement Of any policy of the republic
| can party. All our strikes have been due
| to the fact that the employees have felt
| that they were not getting a fair divi-
sion Of a common prosperity.
AS to Trusts.
In the first place. trusts did not origi-
! nate here, as a result Of the tariff but in
England and European countries where
! they have free trade and where they had
| trusts Of every character long before they
became common in America, and where
to-day they are more numerous than they
are in the United States In the next
| place, what are to-day called trusts are
generally nothing more than large corpor-
ations engaged, as rule in perfectly leg1-
| innate business, and as such they are but
1 a natural revolution Of modern industrial
| conditions. Democrats and republicans
alike promote them, organize them, hold
stock in them, conduct them, and share in
their benefits and advantages. They e7S-
ist because there is a demand for them;
not political, but business demand.
| We have reached the point in our indus
trial and commercial development where
we are able to supply all our home mar
i kets and have large surplus besides.
This surplus must be sold-1f not at home,
then abroad II IT cannot be sold it VIII
not long be produced. If not produced,
then not only must our output bee urtailed
but the payroll must be cut down.
| Considerations of this character show
that we must not restrict production, but
must find additional markets. To find
additional markets means that we must
| successfully compete with foreign coun-
tries. To do that we must manufacture at
, less cost, not only that we may under
sell, but that we may have margin Tor
| the transportation and exploitation' of our
goods and wares.
TO do this we must economic. There
are many ways to do that. One is to re-
duce wages, and thus lessen the cost Of
, manufacture. The republican party Is
|
wages at their present high standard and
: we propose to KEEP them there.
: Another way to economic is by con-
solidation This has Objectionable fea-
lures, but they are far less Objectionable
than the reduction Of wages.
, BY consolidating many establishments
into one you make a large capital and Gre
), ate a concentrated power Of money,
which, in the hands Of INSCRIPTIONS men,
may be used to the injury Of the public
welfare. Because there may be this i'm
proper use it Is appropriate to so leg1slate
as to prevent it, just as we legislate to pre-
vent too great speed in the running OF
railroad trains, street cars and automo-
biles, or to prevent the great dangers to
property and life that attend the use OF
v the electric current, gunpowder and dyna-
mite; but as no one would think of pro-
+ hibiting or destroying railroads, or street
( cars, or automobiles, or electric light and
f power plants, or gunpowder or dynamite
B | by legislation, so, too, one who has
Y any sense would think Of SO legislating as
to prohibit or destroy large combinations
Y of capital necessary for the conduct Of
I | legitimate enterprises.
They have become a feature of modern
business conditions the world over, and
< in consequence, they are special neces-
, sity here, in the United States, where we
1 are compelled to invade and capture for.
, eign markets or slacken the pace at which
Il | are gong IN the employment OF laDO1
and the development Of our resources.
The republican party, recognizing this
fact, will correct evils and prevent ant
punish abuses, but it would not ham string
the business Of the countr yto please Mr.
D Bryan or anybody else.
Managers Of corporations are not Grim
inals, to be placed behind the bars" Al
# Mr.. Bryan recently told us, but with few
# exceptions, they are among the ablest
C most enterprising, and most honorable o
= our business men. They could not reacl
e and hold their positions If they were not
They are the men who have taken tn
e lead in the development Of our resources
y Without that which they have done W.
= could not have been what we are. Prob
e Eably more than any other class, the.
helped us to stem the tide of populism
: restore credit, start the mills open thu
|. mines and put employment within tn
: easy reach Of all.
9 And as it is with the managers, so, too
Is it with the stockholders. They are no
criminals to be sent to Jail, nor are the,
confined to a few rich men, who consti
tute an exclusive and privileged class
but they are numbered by hundreds o
0 thousands; they are scattered all over tn,
country; they belong to all classes. tn,
poor as well as the rich; the merchant
4 the farmer and the mechanic as we'll a.
the capitalist The stock is free to all
!. at the same price, and no one Is so hum
: Bile that he may not invest his savings ii
- | their shares and thus become a partici
\ nov IN 4s~S, 1t.