The Saint Paul globe., 1902-09-25
His Advanced Ground on Economic
Policy Makes Him Presidential
Possibility
ACCEPTS THE DEMOCRATIC
NOMINATION FOR CONGRESS
He Declares That Tariff Should Be
Imposed for Revenue Purposes Only
and That the Wall of Protection
That Guards the Trusts Should Be
Pulled Down Forthwith.

Special to The Globe.
WATERLOO, Iowa, Sept. 24.-Rais-
ing as his campaign cry "the tariff and
the trusts" former Gov. Horace Boies
today made public vigorous letter
discussing the issue and accepting the
nomination for congress in the Third
district, which is now represented by
Speaker Henderson. The withdrawal
of the speaker and the advanced
ground taken by Mr.. Boies on eco
nomic policy are regarded by many
as making the former governor pos
sible presidential candidate.
Mr.. Bofes declares fatty for a tariff
for revenue only as a cure for trusts
and pledges himself, If elected, to do
all in his power to carry out such a
policy. He refers to the evils Of ex-
cessive prices charged by combines and
the danger from watered stock, and
continues:
Another and equally serious objec-
tion is found in the fact that, if un-
restrained and permitted to increase in
the future as they have done in the
recent past, they will soon be able to
dominate the labor markets of the
country and fix at their own sweet will
the terms upon which workmen shall
be employed and the wage that shall be
paid them for their services.
Refers to Coal Situation.
1T requires little sagacity to see that
If the day ever comes when each of
the separate lines in our manufacture
ing industries is controlled by trust
it would require but one greater COM
bination of all, either express or inn
piled, to fix a scale of wages that would
be paid by all. A foreible example Of
the power they would easily WELD in
this regard is furnished by combina-
tions that now exist in the anthracite
fields of this country. There one huge
combination has possessed itself not
only of the soil from which our hard
coal must come, but of the means OF
transportation through which it must
reach the outer world.
For a period of nearly four months
the managers of that monstrous COM
binatfon have been at loggerheads with
their employees over differences they
are unable to harmonize, and although
thousands upon thousands of their
hard handed workmen with their wives
and little ones are suffering for the
necessaries of life and the whole coun-
try is on the verge of a fuel panic, not
a muscle of that soulless combination
is moved and not a word of conciliation
escapes the lips of it's managers. These
men have formulated the terms on
which their workmen may return to
their toll. They can accept or starve.
That is their only choice.
What have said of the two exam
pies to which l have referred is large
ly applicable to nearly 900 similar
combinations of greater or less de-
gree.
In Face of Anti Trust Laws.
"The futility of legislation other than
tariff reduction in restraint of such ac-
ton is to- them demonstrated by the
fact that the great bulk of our trusts
have been openly organized in the face
of antitrust laws, carefully prepared
and incorporated into the statutes of
the nation and many of the states. The
Democrats insist. therefore, that mas
much as the plain object of these COM
binations is to destroy competition
among themselves and thereby be-
come able to fix their own prices upon
whatever they produce, there is but
one remedy for the evils they threaten,
and that is to take down the wall that
shelters them and compel them to
compete with the world at large.
I'm this view I heartily concur, as I
do in the old revered Democratic doc
trine that tariff which is nothing
less than tax on consumers can
rightfully be laid for one purpose only,
and that to raise needed revenue for
the use of the government. But old as
that doctrine is, and firmly rooted in
Democratic faith as it has become, it
must always be interpreted in the light
Of conditions as they exist when it is
To he app1iedo