The San Francisco call., 1904-06-23
DISCUSSES PHILIPPINES.

Well under the constitution Of the United
States he has right to. Let them ask what
we have peace; at least we have growing civil
government. and as our $4,000. 600 in this
twentieth century shall Increase to 300, coo. 900,
shall 20 with production and com
/ merce in the fulness of time that territory
Will be useful to the United states, whereas
in the meantime We will be like benedlction
The United states is great in production
and wealth-how great is our wealth. In
1850 $500 in round numbers was the per capita
wealth. In 1900 S1235 was the per capita
wealth. In 1860 the wealth was measured
bv sixteen billion dollars in 1900 ninety-four
billions hundred billions. Great Britain
has only an aggregate of wealth OF sixty BILL
I lions and she has been living and gathering
II for the last FIVE hundred years yet In a
generation We sprang from sixteen to one
hundred billions. The worlds wealth is four
hundred billions OF dollars. The United States
has one-fourth of Il.
But our friends the enemy. some Of them
little politicians vex the air crying Trusts.
trusts Oh they come out strong with good
lungs as trust busters Since 1890 have they
no Jericho now. and IL there was it would
never happen again that people would march
about the walls blowing ramshorns seven
times until the walls fell down. That is what
the Democrats are trying to do Trusts ?
Yes. Great combinations of capital against
public policy? Yes. But the Republican party.
always true to the people and Its traditions,
made haste to provide under the constitution
legislation that would prohibit these COM
The do-something party, 1t slept under
Cleveland. Mckinley had the war with Spain
and the restoration of prosperity, but that
Young enthusiastic true man took an oath
10 see to IT that the laws were executed and
has executed the law. And in his opinion
that is the difference between the Democrats
and Republicans. One bursts by wind. the
other by law.
NO COUNTRY so RICH.
nudb mere wealth Is h0 Du"T as OURS Why interest is
cheaper and cheapening until the credit OF
the United States to-day commands money at
a premium at per cent, which Is per cent
lower than any other nation on earth can COM
Foreign combinations? Yes. But all the
while these great wealth seeking individuals,
desiring favorable investments month by month
and year by year. enterprising citizens desiring
sus of 1900 The figures are correctly tabu-
lated and made according TO the facts and the
census of 1900 shows that from the establish
ments of the so-called trnsts in the United
States only IA per cent Of the factory product
came whereas Sc per cent Of the factory prod
uct came from their OBSERVATION-DISCLOSURES
and small ownerships. And It is bound to be
that way If you will stop and think.
There are eighty millions of our people II
some man conceives the idea that when he
dies wisdom will have departed and that
he can corner the air and the water and the
sunlight he will find eighty millions of people
who make our civilization that will not only
make a law and put 1t into force. but by
competition and enterprise VIII swear that the
hood. Can you prove 1t? Yes. Just minute.
In the last two years the wind and the water
that came from oVercapitalzation In forming
the so-called trusts have been squeeZed-and
there are people who make the mouth bets
about the price of water companies and com
panies that have gas on top of the water.
made by printing press certificates. Oh, they
stand around and say;
There is the most extraordinary shrinkage
in values that was ever known"
How much" ?"
''Oh a good many hundreds of millions: the
wall Street Journal says over billion. six
hundred millions"
And yet every dollar of property. every par
overcapitalization two years ago is yet with
us Now all the fools that bet 1t to go down
and the fools that bet IL to go up can fight II
out II doesn't make one particle OF difference
TO the eighty millions of people who live by
the sweat of their faces and do a legitimate
business
COMPETITION ALWAYS.
oh gentlemen. the law. public opinion,
public sentiIeent, the desire for good invest
ments-dollar for dollar in the factory where
a dollar costs one hundred cents-goes into
competition against the factory that cost a
hundred cents and is burdened with another
hundred cents common and another hundred
cents gas and another hundred cents moon
shire Work IL out II is all right.
''Oh, but, says our enemy, my God look
at the strikes you are having in this country"
This is their strong suit-strikes strikes!
Now what is a strike? The strike is an effort
by the employer and the employe to agree