Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-10-03

First Public Speech BY Natlona1
Leader Of the Party.
Rusrs THAT HAVE FAILED.
The Evidence Accumulatins from

CHICAGO. October 2.-The iowa Mea's
came to the surface tonight at
mass-meeting under the auspices of the
which met in annual convention here TO-
day. United States Senator j. p. Doilf-
yer. of Iowa, was responsible.
Interest became intense when It was
realized by the delegates to the conven-
tfon and the spectators that they were
being treated to the first public speech
on the subject by a national leader OF.
the party since the Iowa Republican
State Convention. Mr.. Ddliver said. IN
part:
Let us look at the Iowa idea for .
minute, and I select that only because
1 am more familiar with It, ana be-
cause circumstances have arisen to give
it universal advertisement. It has
been presented to the country as the
sudden impulse of dissatisfied mischtef-
makers within the Republican party. On
the other hand, it is the mature judg-
ment of a man whose wisdom has never
failed the Republican party in the forty
years Of his uninterrupted public seryices
To XIII tho Trusts.
.It is evident that. even II It were de-
sirabIe to kill the trusts. IL could not
be done by merely renlitting the duties
which their foreign competitors pay at
our custom houses Even MI Bryan.
who talks of putting the captains OF In
dustry into chain-gang. and sending
]. P. Morgan first to the poor-house ana
then to the penitentiary, admits publicly
that the free-trade fumeoy rails very
far short OF the object he has In view.
Nearly every sober student OF the sub
ject admits that it was the pressure OF
competition which has drawn some o.
our Industries. first into groups. and then
into gigantic combinations. under single
corporate management. A successful
attempt TO repeal the law of competition
in the American market-place. would be
speedily fatal to the protective tariff
system, because the whole design OF that
system rests upon the unimpalred vitality
of that law.
"Before anybody makes up his mind
that the so-called American trust is =
permanent institution. let him consider
the long list of ambitious combinations
which have already had their affairs
wound up by the courts OF Justice. The
alcohol trust. the linseed-oil trust. the
ailsali trust. the asphal. trust. the bicycle
trust and scores of others whose
What was the matter with these aston
ishing creations of the promoters art2
Nine out Of ten OF them were bogus. and.
without stretching the law very much.
could have been denied the use OF She
mails on an ordinary fraud order. Only
yesterday one of the mammoth estab-
Iishments-the National Salt Company
had little business before a court OF
equity in New Jersey. The organizations
- 0hn1
everywhere as step in the direction OF
monopolizing the necessariss OF life.
Doom OF All Trusts.
..The more I examine the old law OF
competition the better it looks to me.
II the day of settlement has already
come to Sc many of these once formid-
able institutions, how has It Jared with
those which have so far survived the
test? Already the evidence Is accumu-
lating, from which the doom OF the
trusts can be foretolds even the most SOL
vent and best managed Of them all.
The figures OF the census show that
neither in the mercantile nor In the
manufacturing world, has the small
dealer. who owns his business and gives
1t his personal attention. anything to
fear In competition with the oversrown
and top-heavy investments OF capital
that surround him.
'There is no room In this direction Tor
vain exclamations OF alarm and despair,
Up to this time the tariff policy TO which
we owe the prosperous conditions whlc1
now surround us, has been the ally oil
independent capital. In it's grappIe with
the modern trust system; but IL the day
should ever come when the productive
energies of the American people are Inn
potent in the presence OF monopoly. the
protection which for more than a gene
ration our laws have given to all ous
industries alike. Is not likely to remain
to enrich such a conspiracy OF avarico
and greed y,