Mower County transcript., 1902-10-08


Ireferred % To nat tionaI bank Inv ~
which money ID scattered all over the
|country instead of being congested in
money centers. Today money is easy
everywhere: except in New York city.
The United States. is now the financial
and Industrial center Of the world. For.
eign bonds sell in this country today
and money is cheaper than ever be.
fore. AL this was brought about by
honest RepubH Hcan methods and pro.
tective tariff legislation. The govern.
ment cannot make us rich lit can only
give opportunities. Our government
furnishes the best opp ortunities Of any
There is no militarism5in this country,
he said. Turning to the discussio OF
trusts and com mbines, Senator Nelson
said that the Dem mocrats offer as q rem.
edy tariff reform and free trade. They
say that the only way to- reach trusts
and combinations is to repeal the tariff
law and destroy protection. The sena-
tor declared that he was not opposedsto
tariff revision. On many articles it can
we'll be reduced or abolished when the
tariff is not needed to protect, but he
does not believe in repeating all the
tariff. BY SO doing we would hit inde-
pendent Industries as we'll as trusts.
Then it would be fight between for
eign and home trusts. Foreign coun-
tries have more trusts than the United
States. The sugar trust in Germany
ships to America at loss and sells high
enough at home to make UP. If we
have to be swallowed by trusts better
by home trusts than foreign trusts. In
the American iron and steel industry
As per cent of the product fs by inde-
pendent concerns. Trusts cannot be
reached by repeating the protective tar
If and giving free trade. Monopolies
must be controlled and regulated by
proper legislation. The first federal
legislation was the interstate commerce
law Of 1887. The Democratic tariff
law contained provision against COM
binations of importers. The Republi-
cans passed the Sherman antitrust law
which covers all power given to con-
gress by the present Constitution. This
is the only real antitrust legislation.
The Constitution must be amended to
give congress more power. Antitrust
Legislation must be national. AT the
last session joint resolution was pre-
sented by the Republicans to submit to
the states an amendment giving con-
gress ampler power. One hundred and
forty eight Republicans and five Dem.
socrats supported the resolution, one
hundred and twenty Democrats and
two Republicans opposed it. The
Democrats voted against the resolution.
because by passing it they would elimi-
nate the trust issue from this cam
:paign. Roosevelt acted under the
sherman antitrust law in the suit
against the merger. The Republican
party has done everything that has
been accomplished, and is the only
antitrust party. He said that some
consultations were. based on honest
grounds. The state should have the
right to say whether corporation shall
water stock. Corporations can be con-
trolled through their charters. my
plan," said the senator, "is not to de-
stroy the protective system, but to give
congress more power to regulate and
control trusts" The address was a
most effective one and was listened to
with undivided interest. During Thurs
day afternoon many of the leading
Republicans of the county were in con-
ference with Mr.. Nelson. =