Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-07-30
TARIFF AND THE TRUSTS
Two Dominant Features in Temporary Chairman
Smiths Speech Before the Republican Conven=
ton at Des Moines Today===Full Text OF the
Address,

mercial courage, the republican party
also realized that above all things the
prosperity of a people is dependent up
Ion the amount of work they nave 10
do All work may be roughly CLASSIFIED
Into that which is incident TO the pro-
i duction of things of current consump-
ton. such rs food. clothing, fuel ana
1 lights: and that which is incident To the
production of permanent works. such
as buildings, railways and highways.
No country ever enjoyed even fair
measure of prosperity when its people
had no work to do except that neces-
sary to the production of things of cur
rent consumption for themselves %
enjoy prosperity people should so iar
as possible produce those things pul
4 they must in addition thereto nave
4 either the labor incident to great WORKS
of internal and permanent develops
nent or that which is incident to the
I production of things of current con-
sumption for other people. To the end
that as much labor rs possible may be
performed at home by American work
men the republican party has always
| believed in q protective Tariff and When
! it returned to power enacted the iolhS-
| lie ylaw, which at it's date Was wisely
adapted to the purposes sought. ana
has aided more than all else in bringing
about the boundless prosperity we now
enjoy We have by the restoration of
| hope and confidence induced the great
| est development of internal improve
ments of a permanent character III our
history, and thus added to the work
furnished the American people TO do.
/ Under the impetus thus given to Amer
| lean industry we have pushed our eN-
port trade until last year we sold
abroad nearly sl.4oo.O 100000 worth of
| American merchandise, and all the la
| Dor incident to the production OF TINS
vast quantity of goods Was added to
| the supply of work furnished the Amer
+, lean people to do BY these three
means an abundant supply of work has
been given to all. and prosperity has
blessed the rich and poor. The balance
| of trade last year in our favor was
nearly S50O,O00.000. The magnitude of
! this balance will perhaps be better APP
preciated when l say that the balance
| in favor of the United States exceeds
! the combined balance in favor of all
other nations of the earth. Happily.
prosperity has not hardened the hearts
of our people. A few weeks ago ru-
NOR reached this country one Friday
morning that the second greatest vol
canic disturbance in the worlds history
had befallen the people of the French
island of Martinique, and that those
who survived We're homeless. naked and
starving on Saturday the senate
passed a bin appropriating money for
the relief of the distressed. on Monday
the bill passed the house and on
Wednesday the United States vessel
Dixie sailed from New York heavily
Iladen with food and clothing for the
people of the afflicted island. TO be dis
!, tributed under the supervision of that
right arm of the commissary depart
ment, Col. Hugh j. Gallagher of Iowa.
Along with our wonderful develop
ment have come new problems. Agri-
cultural products can be shipped with
out being already sold, and will be alb
sorbed at the great central markets at
some price. The farmer can ship his
Grain, or his live stock. without any
PREVIOUS contract for their sale, and
they will be bought at the market price
of that day. be that good or bad. But
few manufactured good, can be thus
sold. Steel bridges and locomotives
can not be simply made and shipped
ard find a market at their destination.
Orders must be obtained for such prod
ucts in advance. We are now able to
produce Il large surplus in most lines of
manufactures and it is essential that
foreign markets be obtained if our fac
tories are to run at full capacity and
labor is to be constantly employed. The
seller must hunt the buyer. Small
firms and corporations can not keep
agents in all parts of the world seeking
orders for such goods. To carry on this
class of trade great corporations are
necessary. and the loss of this class Of
trade last year would have meant the
loss to American worllingmen of more
than S400000,000 worth of labor and
would have materially affected the sup
ply of work and its wages thruout the
country To the end that men may be
kept in all parts of the world seeking
contracts to be performed by American
labor, as we'll as for many other rea-
sons, ii is essential that great corpora
tons exist. and no intelligent student OF
the public interest Woul! wish to de-
stroy them: but many of these great
corporations essential TO our common
welfare have become in practical effeo,
and are now commonly called trusts.
have seized advantage of the necessity
for their existence, and lsed the power
conferred upon them for the public
good to Cypress and burden the people:
have established prices for their COM
modities out of due relation to the cos
of production, and have otherwise
abused their high privileges. The re-
publican party is determined that these
organizations. the creatures of the peo-
PIE for the public good. shall not be-
come the masters of the people.
In Iowa the state law IS radical upon
this subject, going to the extent of pro-
viding that one who buys goods of n
trust can keep the goods and need not
NAY for them. The existence of such |
institutions WAS unknown at the time
the national constitution was adopted, |
and it is not to be wondered at that our
fathers failed to expressly confer upon
congress any authority upon the sub
ject, and so it is that such power as
congress possesses is chiefly derived
from that clause of the constitution
which authorizes it to regulate inter
state and foreign commerce. In the eX
ercise of this limited power a repub-
lican congress passed an anti trust law,
drawn by that distinguished statesman
John Sherman of Ohio, and it was
signed by Benjamin Harrison Il repub-
sI:,.an presidpnt The democratic marty |