The evening Republican., 1902-09-20
THE EVENING REPUBLICAN
The Republican Printing
and Publishing Go.
PUBLISHED DAILY, EXCEPT SUNDAY
S,E, COR, THIRD AND KING STREETS.
Entered at the Post Office at Wilmington
Del, as second class mail natter
SATURDAY. SEPTEMBER 20, 1922.

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VIM. J. BRYAN in a speech at To,
1edo, Ohio, September 18th, said
that had he been elected President
in 1900, some of the Trust magnates
would now be wearing stripes in
the Penitentiary. 1t would see m
that Mr.. Bryan has gained courage
since his defeat, and he can now
predict what he would have done as
President more clearly than he
could promise when a candidate.
i Mr.. Bryan discussed the Trusts in
the campaign of 1900 and before
that date. He did not then agree
with what the Democrats now as
sert, that the tariff is responsible
for the trusts. In his speech before
the Antitrust conference in Chi
cago in 1899 he said:
''Now, some have suggested that
Co put everything on the free list
that trusts would destroy the
trusts. l do not agree with this
statement as it is made SO broadly
Mr.. Bryan at that time, when
Acandidate for President, did not
regard the Sherman Act sufficient
" broad to punish the trust mag
mates. He said:
1--WE have dual form of govern
ment-a state government and a
Federal government. This dual
form Of government has advant-
ages which can hardly be overesti-
mated, yet it has its disadvantages.
"When you prosecute trust in
the United States Court it hides be-
hind State Sovereignty and when
you prosecute it in the State Court
1t rushes to seek Federal jurisiic
tion-and we have some difficulty
In finding prison for it"
Bryan was more honest then than
now. He saw the difficulties anu
he pointed them out. so that in the
event of his election as President
he would not have an ironclaa
pledge to inprison the trusts He
then believed that Congress ought
to have the power to legislate and
if ho had not, he said, II am in ia
vor of all amendment to the Con-
stitution that will give Congress
power to destroy every trust lnsthe
country" But when Republican
House brought forward such an
amendment to the Constitution
every Democratic member voted
against it, thereby defeating it. 1t
would be interesting to know just
where the Democrats stand Oh this
question and what remedy they
>. propose. Mr.. Bryan's PIE lctiOn as
to what he would bave done as
President is not enough III view OF
the difficulties he found in the way
of making promises III $500.
The official statement that there
is in the United States Treasury
$574, 600, 900 il gold and that it is
accommodating at the rate Of $500, coo
a day is accepted i'll Europe as the
most convincing evidence Of Ameri-
can prosperity that has been pre-
sentsd. This IS q greater amount
of gold than is possessed by any
other government treasury, and it
is in spite OF the fact that European
financiers have been sending home
our American securities hrld abroad
and they have been promptly taken
up without apparent embarrassment.
The credit Of the ln!trl states
never stood 50 high in Europe and
throughout the world u, il does to.
day. The financial Vur,1 now rccog.
nizes the financial Independence Of
the United States, \ large part Of
our bonded indebtedness has been rc-
funded into . per cent. DuLdS that are
quoted at $40 above par In al his
tory this is without pAlailaa Tho
credit Of Great Britain has always
been considered the best in the TuItt
and yet her - per cent coMSu,S are
quoted at only ~. whine the German
Imperial 3 per cenla are below par,
the recent quotations being 9Ui
This financial record Has bccnmadc
since 1896 ard by tie Republican
Congress III its financial legislation.
In the last DAYS of the C.cyr,dnd adj
minlstratIOn Sccrctar' Carlisle WAS
on the point Of proc aiming 10 The
world that the InIlcd States Govern
ment must pay is Obligations in sill
yer. He was relieved Of that neCcS-
Bity by turning to a Wall street svn-
dicate, and his operations with that
syndicate amounted TO il scandal. The
Democrats are disturbed by TINS grcut
accumulation OF gOId in the 'Ireasuly
as they were disturbed by somewhat
similar condition in lSJ4 when they
complained u the surplus. But since
that date the American people have
had u practical Illustration Of the
force Of Gen Fred b. Grant ) UbScr-
walton that it IS easier to take care Of
surplus than u deficit,
THE fact that the universal type
of stove used III NiImingtOn is con