The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-06-22

ton fails. are ouarreIs between organ
lied labor and organized capital about
the division of the profits. As has
been well said by another many years
ago. there We're not many strikes when
the Dem ocracy had full power under
Grover Cleveland because there We're
not profits to divide There are profits
to divide now, and with a people who
work shorter hours and who are on
the average more fully employed and
with a larger wage than was ever
paid before in the history of the hu-
man race for a similar amount OF work
they will not be led into destroying
that policy which renders these things
possible because of a local trouble
here and there touching division
of the profits
But it is alleged that great indus
trial combinations have been formed
and er-capitalized. and that they
Cypress their employees on the one
hand and the consumer on the other.
1t is true that extraordinary combi-
nations have been formed. That they
have been, in the main, capitalized to
their full value and by the aid of the
printer and engraver securities have
been issued in many instances to many
times the value of the properties COM
bining, is also true.
No Man Above the Law.
The Republican party ever ready to
keep pace with the industrial deVel-
opment of the country has enacted
hibiting such combinations; and Pres
ident Roosevelt. our president and our
president to be, has kept his oath to
see to it that the laws are enacted
And bv~the decisions of the highest
courts. the Republican legislation has
been sustained, and the laws are being
enforced. All are equal before the
law, both the high and the mighty.
the meek and lowly. the capitalist and
the laborer. whose capital is his mus
Gle intelligently directed the rich and
the poor-an. all have equality of OPP
portunfty before the law. and all, all
must abide by and obey the law Our
civilization is built upon obedience to
the law. by this sign we conquer
We enter the coming campaign with
the record of the Republican party,
under the leadership of Theodore
Roosevelt, feeling that we have made
progress and marked progress along
the line of law and order, contempt
rary with the development of our ma
terial interests
ShrinIkage of Wind and Water.
In addition to this, and as fur
Their illustration of the condition OF
the country, let me call your atten-
ton to the fact that the people of the
United States now have far greater
wealth than the people of any other
country on earth. Capital is album
dant, interest rates are decreasing and
pital seeks investment. And while
the law prohibits unlawful combina-
vate capital have been and are being
invested in all the industries of the
country. It can be easily foreseen
that when a legitimate plant comes
into competition with Il plant that is
capitalized for two or three times its
value. the over-ca pitalized plant will
go to the wall. It is an open secret
that within the last two years the
shrinkage from over-ca pitalizatton has
been many, many hundreds of millions
of dollars. The property is all there
now. as it was two years ago: but the
wind and water and the gas have dis
appeared greatly to the advantage of
the people of the country And yet
on the average, I say again, our peo-
pie are better employed and at a bet
ter wage, and have been for the last
twelve months, than ever before. And
Notwithstanding this great Shrinkage
of fictitious values, the millions of
people throughout the country who
live in the sweat of their faces, do not
know thereof and are not affected
thereby.
Competition the Great Trust Buster"
The trust buster who is always
busting" the trusts by word but never
by action. would lead the people to
believe that all the production of the
country is under the direction of IN
lawful combinations Behold how
plain a tale shall put that down The
statistics carefully and honestly gath
cred by the government show that
competition is after all the great force
that regulates production and the
price. If you take all the alleged
trust properties engaged in production
in the year 1900 they produced IA
per cent, while the independent fac
tories produced Sc per cent of the fac
tory product of the country. It is i'm
possible TO permanently corner CAPT
tai. and muscle and the raw material
which nature has produced in such
abundance
But why multiply words2 The his
tory of the country from 1893 to 1897
for the four years under Cleveland
and Democracy as compared with
what we have today, tells the whole
story. That of Cleveland was marked
with dissension and disaster, not only
TO his party but to the people, and
that Of Mckinley and Roosevelt with
harmony and prosperity unparalleled.
The Plight of Anarchy.
The last work of a Republican ma
tionaI convention, held at Philadel-
phia in the year 1900 was overwhelm-
ingly endorsed by the American peo-
pie and remarkably successful admin