The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-03
CITY NEWS.
CO. P. GATHERS
At nth W Ard HALL
JUDGE GROSSCUP CAREFULLY
ANALYZES TRUST SITUATION.
Various GubernatOrial Candidates Are
on View and Their Followers Vie
with Each Other in Showing En-
thusiasm-Fealty Pledged to Roose-

Minneapolis republicans to the NUM-
Der of nearly four hundred gathered
at the Fourth Ward wigwam last
night for the annual banquet, and en-
loved an intellectual treat. The ad-
dress of Judge Peter S. Grosscup of
Chicago, on Reform of Our Corpora
ton Policy" was one of the ablest
and soundest discussions heard in
Minneapolis in recent years. and It's
teachings sank deep in the hearts Of
those who heard it. For the dis
tinguished jurst not only arraigned
the present system, but he proposed
practical remedy, and he presented
1t so clearly that it could not fall to
be appreciated.
The banquet was not without it's
dramatic features. Three candidates
for governor were on dress parade,
and the friends Of each one wed with
each other to see which could make
the most noise. Tho an organized et-
fort was made to turn the occasion
into a Dunn demonstration, the
Princeton man only got his share.
The gathering was representative, and
unprecedented observers declared that
fudge Collins had the best OF the ap-
p1auSe. ,
Judge Grosscup spoke first, but be-
fore his address w. P. Roberts pre-
scented resolutions indorsing President
Roosevelt, and they We're carried with
a whoop. Later in the evening Tim
Pyrnes sounded a note of alarm, de-
claring that an organized effort was
being made to undermine Roosevelt
in Minnesota. He urged that the con-
vention instruct for Roosevelt, and
not only that, but put only well-known
Roosevelt men on guard. Judge Col
Inns seconded that, and declared that
defeat of Roosevelt would mean the
ruin of the republican party.
: The Roosevelt resolutions. which
were engrossed and sent to the pres1-
dent to-day, were as follows:
Pledge to President Roosevelt
Three hundred and fifty active, every
day working republicans, gathered from
all parts Of Minnesota, at the fifth annual
dinner of the Fourth Ward Republican
club Of Minneapolis, this February 2 1904,
send hearty greetings to President Theo-
dore Roosevelt, with their sincere COM
mendation Of, and congratulations upon,
his able, nnanly, honest, faithful patriotic
and straightforward administration Of the
affairs Of nation, since the lamented
death Of President Mckinley.
We believe that he has earned and de-
serves the nomination of the national re-
publican convention, next June, for a full
term Of his own. as president or the
United States, and hereby pledge our
selves from this day forward to do all
in our power to secure for him delegations
from Minnesota to that convention, in
structed to- use all honorable means to So
cure such n1erited nomination.
& Resolved that a copy Of the foregoing
expression be sent to President Roosevelt
Judge Grosscup was the first speak
er, having to leave on a late evening
train. He spoke for about an hour
earnestly and without Oratorical flour
ishes, but every one in the hall listened
with intense interest to this man with
a message" He declared that the
subject Of corporations must be made
q party issue in the future. It would
be taken UP and solved by the repub
lican party, if that party still had the
courage of it's convictions, as he be
ieved 1t had. The party was born a.
q, protest for individual freedom, ant
it's measures had always stood TO
.'peopleizing" the ownership Of tn
country. He said further:
Reform Of the Corporations.
I speak not as an enemy, but as Il frien
OF corporations. They are here to stay
The corporations called trusts are here t
stay, as the needs Of our modern civiliza
ton require great corporations to w1el
our vast enterprises. But am opposed t
our present corporation policy, whlc
gives the corporations license they ar
--ound to abuse. I would make the cor
porLtiom the agency and servant of tn
Hannle in distributing the ownership c
wealth, rather than one for promotin
~
Il T know of corporations SO dishonesty OF
ganized that the minute they received tn
great seal Of their mother state, the
We're launched as banllrupts and criminals
The original policy was to create all COZ
uoratiOns by special legislative charte
We outgrew that and now we have ger
eral laws, under which five men can NEE
in "a room, lay down a dollar, adopt al
ticles and file them, and when they receiI
their certificate, repocket the dollar an
HaI1 1nr9fi
of their schemes look like charts in gee
logy, with successive strata of bonds an
stock. Expectations are capitalize
dreams are capitalized.
Z Organizations such as that will last tn,
successful times but when the hard TIM
come they fade away. know of corpors
tions issuing stock to their employees tn,
Tonight is worth little more than ha
what they paid.
1 have heard the theory that countr
are more prosperous when the wealth
In the hands of the few. If by that v
mean the enjoyment of luxury, it mig
be better for one man to own it all, al
the rest to be his servants and helper
But that is not America.
Conditions Lead to Speculation.
There has never been time wht
speculation among wage earners has RI
to such a fever heat as 1t has in the pa
few years. Unable to invest their savin
TO advance in legitimate business, tn
have gone Into the side channels OF gar
Bling and speculation. They have learn
by example to regard dishonest mon
getting praiseworthy.
Among the ordinary people has be-
aroused a resentment against the corpor
fion, which if carried out means confsc
tion, unjust reprisals. against wealth.
our large cities has come q spirit of S
cialisnl, which will lead to the state cea
Ing to go into partnership with disho
esty, or will lead to public ownership
everything. This growth Of socialism,
Senator Hanna says, is marvellous T
feeling against corporate wealth is
coming bitter AS a friend of corpor
lions protest against policy viii
drags them into the gutter with dishe
est swindlers.
Our new department of commerce
all right as far as it goes, but if it ste
at gathering data and promoting pr
Hcity it will fail Of its purpose. It shol
A Bad Stomach
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