The Oskaloosa herald., 1904-06-23

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tai about the division Of the profits
AS has been well said by another
many years ago, there We're not many
strikes when the democracy had full
power under Grover Cleveland, be-
cause there we're no profits to divide
There are profits to divide now, and
with people who work shorter
hours and who are on the average
more fully employed and with a larg-
er wage than was ever paid before in
the history of the human race for a
similar amount of work, they will not
be led into destroying that policy
which renders these things possible
because of local trouble here and
there touching a division Of the prof
its.
But 1t is alleged that great indus
trial combinations nave been formed
and oyercapitalized, and that they
oppres their employees on the one
hand and the consumer upon the 9TH
er. 1t is true that extraordinary COM
binations have been formed. That
they nave been, in the main, capitaf.
lied to their fun value, and by the aid
Of the printer and engrayer securities
have been issued in many instances
to many times the value Of the prop
critics combining, is also true.
No Man Above the Law.
The republican party, ever ready
to KEEP pace with the industrial de-
velopment of the country, has en-
acted legislation within the constitu-
ton, prohibiting such combinations,
and President Roosevelt, our presi.
dent and orr president-to-be, has kept
his oath to see to it that the laws are
executed, And by the decisions OF
the highest courts, the republican
legislation has been sustained, ana
the laws are being enforced. All are
equal before the law--the high ana
the mighty. the meek and the lowly,
the capitalist and the laborer, whose
capital is his muscle intelligently d.
rected, 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 Theo-
dore Roosevelt, feeling that we have
made progress, and marked progress,
along the line of law and order, con-
temporary with the development OF
our material interests.
shrinkaees of Wind and Water.
In addition to this, and as a 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 abund
ant; interest rates are decreasing
and capital seeks investment. And
while the law prohibits unlawful com
binations, great blocks of competitive
private capital have been and are be
ing invested in all the industries OF
the country. 1t can be easily fore
, seen that when a legitimate plant
, comes into competition with a plant
that is capitalized for two or three
times it's value, the over-capitalized
plant will go to the wall. 1t is an
open secret that within the last two
years the shrinkage from over-capi'
talization has been many, many hun
dreds of millions of dollars. The
property is all there now, as it was
two years ago; but the wind and the
water and the gas have disappeared,
greatly to the advantage of the peo-
pie of the country. And yet on the
average, l say again, our people are
better employed and at better wage,
and have been for the last twelve
months, than ever before. And not
withstanding this great shrinkage of
fictitious values, the millions OF peo-
pie 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 peo-
pie to believe that all the production
of the country is under the direction
of unlawful combinations. Behold,
how plain tale shall put that down!
The statistics carefully and honestly
gathered by the government show
that competition is, after all, the
great force that regulates production
and the price. If you take all the al
legged trust properties engaged in pro-
duction in the year 1900, they pro-
duced IA per cent, while the independ-
ent factories produced SO per cent OF
the factory product of the country. It
is impossible to permanently corner
capital, and muscle and the raw ma
terial which nature has produced IN
such abundance.
But why multiply words? The his
f0rv IF fhn 0of,pfyxy fro,,, 1000 - 7oas