The Providence news. (Providence [R.I.]) 1891-1906, 1902-10-29
HAS SOLVED THE
TRUST PROBLEM.
So Secretary Moody Said Of The Re-
publican Party in His PawtuCket
Speech Last Nigh.

1 statesmanship ~ to find these evils and
| are always the creation OF some state.
THE government here IL not like the
| governments OF other countries. There
is the national government which Is
itself a power, but national power Is
| limited The states in which these
| combinations are organized the state of
| New Jersey being prominent as regards
them have the power. but do not care
! TO exercise IL for various reasons. and
herein lies the difficulty.
Both parties profess a willingness 10
AFFORD a remedy. We must look at the
record OF both parties In dealing with
| problems OF this kind 10 learn which
| party IL more likely 10 fulfill it's promise.
| One OF the parties Is. OF course. absolute
| ly without power Nothing but national
power itself IL competent 10 deal with
them by the instrument OF the govern
| ment itself.
"Only national power. as is found In the
condition. which. think. can quote to
| you in the exact words OF Theodore
| Roosevelt. In several states which con-
tain trusts all the power which the ma
tional government has must be brought
| out to eliminate them
when you are dealing with promises
| II Is a wise and prudent thing 10 look at
the records and see from the records
which Is likely. which Is more likely. to
fulfil the promises they are making. Let
me very particularly review them with
YOU II Is many years since we began to
consider the question of trusts. The Dem
ocratic party In the Fifty-second con-
gress did absolutely nothing on trusts.
They did have time 10 pass the Wilson
German tariff bill. which they are now
talking much about amending and maxi
ing IL one OF their paramount issues
ANTI-sHERMAN LAW.
''The Anti-ShermaH- -tfustf law Is the
only law on the statute books upon the
subject of trusts, and the Republican
party Is entitled to credit for all the
good effects there are In that law"
Continuing Mr.. Moody spoke OF the ac-
ton OF the government in disolving the
big railroad combinations running out OF
Chicago in which 81 roads were involved.
| and also of the IA coal mines In West vir-
ginia The present crusade OF the attor-
ney general against the beef trust was
also dwelt on.
You hear them talk now, but you do
| not see new combinations coming" said
| Mr.. Moody, You are not seeing these
| great railroad combinations, which are IL
| legal not only those which the present
| attorney general has attacked, but those
| In prospect materializing.
First he has attacked the monopoly
| which grows out OF combination, second,
| he has attacked monopoly which grows
| out Of direct combination to nx prices;
third. he has attacked q pooling Of in
| terests which grow out OF traffic arrange
ment; fourth, he has attacked the mer-
| gers growing out OF the combinations Of
competing railroad companies, and NTH.
he has attacked the monopoly growing
| out OF stock watering schemes.
''The Republican party has solved the
| problem OF the trusts, and while final
q.
| pie have the word OF President Roosevelt
that this administration will not be de-
feated In the end. Look back at the rec
ords OF both parties and see what they
have done in their national affairs.
"On one side you have nothing except
promises. On the other side you have a
measure OF performance II you want
promises the Democratic party can give
them. but II you want some action taken.
something done, you will find ft only in
the Republican party. This adpllnistra-
ton stands for two things. II stands for
equal administration as long as Theodore
Roosevelt Is president. There will not be
one law for the poor and weak and an
other for the rich and strong"
STRONG ADMINISTRATION
The financial administration OF the Re-
publican party was touched on, Mr.
Moody showing the decrease OF The debt
from year to year.. and the magnificent
showing OF the treasury at the present
time
The war with Spain has brought
great responsibilities on tho country. No
party can live on It's past, but a party
should be judged by It's past am
going TO ask you 10 follow me in deliver.
ing some OF the responsibilities OF the
Republican party In the war with Spain.
we have been charged by the Demo
cratic party with failure to keep our
promises TO our newly acquired posses
sions II was told us two years arc
that II would be impossible 70 suppress
the insurrection in the Philippines, yet
on the last birthday OF this nation. gen
eral and complete peace prevailed and
the reins OF government were turned over
to the Philippine commission.
The only mistake this country has
made Is its desire TO give the people the
means of progress too quickly. They
must necessarily 20 through the same
process as this country aid In its early
stages. When the people OF that land
show capacity for self-government this
country can be depended upon TO give 1,
TO them, as was the case with Cuba
We have given them personal liberty
, just laws, religion. freedom and last OF
all the American public schools They
say the constitution does not follow the
nag. Possibly 81 does not but the
American schoolhouse follows the nag
Mr.. Moody closed with an eulogy or
the American navy.
we are building ships" he said, "edu.
eating officers and training men, not for
the purposes of war, but because we love
peace and want TO he prepared 90 main.
, tain II"
We want more ships such as that
which IL going TO besr the name OF oui
state and which will be one OF the most
powerful battieships afioat We do no,
care for nghting. but We wish 10 be ready
for war. Let us then man navigable
ships and we shall find all the grandeur
which this nation can find. which car
, come only from tho hand OF the Father
OF all mankind"
At the conclusion of Mr.. Moody's speech
the meeting adjourned.