The Providence news. (Providence [R.I.]) 1891-1906, 1904-06-22

who are on the average more fully en-
ployed. and with a larger wage than ws
ever paid before In the history OF III
human race for a similar amount OF wor
they will not be led into destroying ths
policy which renders these things pos
sible because of local trouble here an
there touching division OF the profits.
But IL In alleged that great industris
combination have been formed and over
capitalized. and that they oppress thei
employees on the one hand and the con
sumner upon the other. II IL true tha
extraordinary combinations have beer
formed. That they have been. In tn
main. capitalized 10 their full value. ant
by the aid OF the printer and engrave
securities have been issued in many In
stances 10 many times the value OF the
properties combining. is also true.
NO MAN ABOVE THE LAW.
The Republican party ever ready Ia
keep pace with the industrial develop
ment Of the country. has enacted legis-
lation within the constitution, prohibiting
such combinations and President Roose-
| welt. our president and our president 10
| he, has kept his oath TO see 10 II that
the laws are executed. and by the de-
cisions OF the highest courts. the Repub-
lican legislation has been sustained. and
! the laws are being enforced. All are
equal before the law-the high and the
mighty. the meek and the lowly. the
capitalist and the laborer. whose capital
Is his muscle intellgently directed. the
rich and the poor-all all have equality
OF opportunity 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 Roose-
Welt. feeling that we have made
progress and marked progress along
the line OF law and order contemporary
with the development OF our material
interests.
In addition TO this. and as a further
illustration Of the condition OF the coun-
try let me call your attention 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
abundant. interest rates are decrea sing
and capital seeks investment And while
the law prohibits unlawful combina tions.
great blocks OF competitive private capt.
Ia! have been and are being invested I'm
all the industries OF the country. IL can
he easily foreseen that when legitimate
plant comes into a competition with n
times its value. the over capitalized plant
will GO 10 the wall
II is an open secret that within the last
two years the shrinkage from over capt.
talization has been many, many hundreds
OF millions OF dollars. The property is
all there now. as II was two years ago;
but the wind and tho water and the gas
have disappeared. greatly to the advan-
tage OF the people Of the country. And
yet on the average. I say again. our peo-
people are better employed and at a better |
wage. and have been for the last IL |
months. than ever before And notwith- |
standing this great -Ahrinkage OF -nc-
titious 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 In always bust
ing the trusts by word but never by ac-
ton. would lead the people TO believe
that all the Production OF the country Is
under the direction OF unlawful combina-
tions. Behold how plain tale shall |
put that down. The statistics carefully
and honestly gathered by the govern |
ment show that competition In after all
the great force that regulates production
and the price. III you take an the
alleged trust properties engaged I'm pro-
duction in the year 1900 they produced
IA per cent, while the independent fac
tories produced S per cent. OF the fac
tory product OF the country II is i'm
possible to permanently corner capital.
and muscle and the raw material which
nature has produced in such abundance
But why multiply words? The history
OF the country from 1893 to 1897, for the
four years under Cleveland Democracy.
as compared with what we have today,
tells the whole story That of CIeve-
and was marked with dissention and
iiaster not only TO his party. but to the
people. and that OF Mckinley and Rooee-
1eit with harmony and prosperity un-
oaralleled.
THE PLIGHT OF ANARCHY
The last work OF Republican national
held at Philadelphia I'm the ;
'ear 1900. was Overwhelmingly endorsed ,
~ the American people. and the re-
narkably successful administration of
President Mckinley was continued, but
n an hour Of universal peace. when par
isan criticism was stilled by the spread
4 prosperity. the blight OF anarchy. i'm ,
orted from another shore, struck down
ur chief magistrate and brought the .
Whole world TO his bier as mourners !
Universal sorrow stopped the prlse OF
not In fear. but in profound 7
espect for the memory OF the man and
he President who died breathing Thy
VII, Not Mine. Be Done:' for In that
our a vigorous. energetic and enthusi-
stic young man stood beside that death
ed, pieaeing his life To the policies OF
Is predecessor. We had confidence in
hat pledge: and nobly has II been kept
he new President took up the burden OF
Tice with caution. but without fear for ,
2 had the Republican party behind him
nd the success OF its policies everywhere ,
evidence. The last three years OF the
have been marked by the
'me success as those that preceded and I
day. as in Philadelphia four years ago, 7
lere is not division In the Republican {
,uncil as TO the standard bearer Of the
epublican party.
The history OF civilized government is
record OF peaceful administration un-
n established policies. not OF new laws y
new Interpretation. In the old world Q
new law or a new policy. affecting the e
neral welfare OF the people. is an event q
n generation. In this country new y
ws come more frequently; but those OF c.
general character rarely oftener than | 4,