The Birmingham age-herald., 1903-04-01
SHAW DISCUSSES
 TARIFF REVISION
Secretary of Treasury Speaks
 at kickapoo Banquet
ROOSEVELT IS CHEERED
MT. Shaw Says Competition Would Be Just as Likely Under Protection as Free Trade-Sees No
 Need of Change.

Peoria, Ill, March 31-The seventh an- nual banquet of the Kickapoo club was held in the coliseum here tonight. Gov CTS were laid for 5So guests. The decor ations were very elaborate and the list of speakers included Hon. Leslie M Shaw, secretary of the treasury, and Hon. Charles Emory Smith of Philadelphia. Commissioner General Frank P. Sargent was also present,
 A large oil painting of President Roose- velt illuminated by incandescent lights caused spontaneous outburst of ap- plause which lasted for some minutes Both Secretary Shaw and Mr. Smith were given ovations.
 In his address, "The Republican Par ty," MT. Shaw said:
 Democratic demand for 8 revision of the tariff as a remedy for monopolies Is not a new invention, or a recent discov- cry. Bills, amendments to bills, and reso- lutions embodying this thought have been offered almost without number by demo- crats standing high and democrats stand ing low in the councils of that party. Another Question to Settle.
 'gThe remedy, however. Is on a par with many others. The all-important dues- tion whether a given industry Is con- troled by monopoly must needs be estab- lshed before the proposed remedy can be applied. The present prohibitory law against trusts has generally been found adequate whenever the evidence attain able has been found sufficient to estab- fish the ultimate fact. Recent legisla- tion does not provide new remedies so much as new methods of discovering and establishing facts and expediting judicial Investigations. The Sherman law contains quite drastic provisions applicable to both persons and corporations when once proven to have combined. l would like to have our democratic friends explain whether they would remove protection temporarily or permanently from monop- oly-produeed goods. Shall the protection be removed while the alleged monopoly goes into bankruptcy ana then be re- stored, or shall it be removed permanent ly, and our industries one by one turned over to foreign competitors? And If the removal of protection is to be temporary, who is to say when 1t shall be restored?
 If in point of fact the iron, the steel, the glass, the paper, or any other indus try, has been monopolized as Is claimed, and if the producers are now robbing the American people by extortionate prices, and if no one dares build factories in competition with these octopi will Amer lean courage be excited by the removal of the tariff so as to invite these pro- ducts from abroad?
 Can Compete Under Protection.
 Tt seems to me, but I may be wrong, thaf An1nriraO he as likely to build a factory and compete in the American market under protec- tion as under free trade In point of fact, 1 happen to know of independent steel plants, glass factories and paper mills, not simply projected, but actually in pro- cess of construction, but believe no one of them would be completed if it were known these products were to be placed on the free list.
 Domestic competition Is sure to arise in time. but we became impatient. After the enactment of the Dingley bill our democratic friends tried to make sport of us because the effects were not notice able instanter It took some time to ad- just conditions to the new law, and 1t will also take time to counteract attempts that are sometimes made to thwart the natural operations of the law The fact remains there Is no industry, no class of lHcil, nO iitcIeSl lIlell is HOl HlOIb pros porous more thriving, more hopeful and more sure of success than ever before in the history of our country.
 Combined capital Is not an unmixed evil, but like every other possible good, Is capable of evil. Individual wealth has seldom built railroad or erected fac tory, or opened mine, or constructed steamship. We have reached a point in our civilization where the things we un- dertake require associated capital. It Is. therefore the province of the statesman to so legislate as to encourage associated capital. and at the same time guard against the evils that frequently ensuen