The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1904-06-22
Cannon Fears TO Haze
T" WOLVES Protect Sheep"
Speaker of the House, as Permanent Chair
man, Scents Grave Danger in IntruSting
Manufactures to Democratic Care.

that IL the Democratic party is clothed
with power IL will not destroy the sys-
tenn overnight. yet, they each and an
recuon Of a tariff for revenue only and
Of free trade.
In other words, If they are given pow
er, the American manufactures and lab
orer Will be gradually starved to
death instead Of being destroyed at one
stroke. II reminds me Of one of Aesop's
fables, where the wolves proposed to
the sheep that they should discharge
the dogs, their natural protectors, and
place themselves under the protection
Of the wolves. Does capital on the one
hand, and labor on the other. desire such
protection?
Profits, Not Deficits Produce Strikes.
But the little politician cries out that
strikes abound here and there in the
country Yes, they do, but contests that
lead to strikes, where an adjustment is
not made and where arbitration fails.
are Quarrels between organized labor
and organized capital about the division
of the profits. As has been we'll said by
another many years ago. there were
not many strikes when the Democracy
had full power under Grover Cleveland,
because there were no 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
WIS ever ptilQ DeIOTe IN the history
the human race for a similar amount
or work, they viii not be led into de-
stroying that policy which renders
these things possible because of a local
trouble here and there touching a di-
vision of the profits.
But it is alleged that great industrial
combinations have been formed and
overcapitaliZed and that they Cypress
their employees on the one hand and the
consumer upon the other. 1t is true
that extraordinary combinations have
been formed. That they have been, in
the main. capitalized TO their full value.
and by the aid of the printer and en-
grayer securities have been issued in
many instances to many times the
value OF the properties combining, Is
also true
No Man Above the Law.
The Republican party. ever ready to
keep pace with the Industrial develop
ment Of the country. has enacted legIs-
lation within the Constitution, prohibit
ing such combinations. and President
Roosevelt, our President, and our Presi-
dent-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 sus-
tanned. 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
ed, 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. un-
der the leadership Of Theodore Roose-
welt, feeling that We have made prog
ress, and marked progress. along the
line OF law and order, contemporary
lion Of fol
| interests.
Shrinkages of wind and Water"
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
/ decreasing. and capital seeks invest
ment. And while the law prohibits un-
/ lawful combinations. great blocks Of
competitive private capital have been
and are being invested in all the in
dustries OF the country.
| II can be easily foreseen that when
| a legitimate plant comes into competi-
ton with a plant that Is capitalized for
/ two or three times it's value the over
| capitalized plant will go 20 the wall
\ Il Is an open secret that within the last
! two years the shrinkage from overcapi-
/ talization has been many. many hundreds
/ OF millions Of dollars. The property IS
All there now, as IL was two years ago;
| but the wind and the water and the gas
/ have disappeared, greatly 70 the advan-
/ tage OF the people Of the country.
And yet on the average, I say again,
our people are better employed. and at
a better wage. and have been for the
last twelve months, than ever before.
And Notwithstanding this great shrink
age OF fictitious values, the millions OF
! people throughout the country who live
! in the sweat OF their faces, do not
/ thereby.
Competition the Great Trust Buster
The trust-buster who is always bust
ing" the trusts by word. but never by
action, would lead the people TO be-
lieve that all the production Of the coun-
try IS under the direction Of unlawful
combinations. Behold, how plain a tale
shall put that down, The statistics care
fully and honestly gathered by the Gov
eminent show that competition IS after
all. the great force that regulates pro.
duction and the price. II you take al
the alleged trust properties engaged IN
production IN the year 1900 thew urO.
duced IA per cent, while the independeut
factories produced So per cent of the
factory product Of the country II Is
impossible TO permanently corner capi.
tai ana muscle ana the raw mateTia
which nature has produced IN sucl
abundance.
But why multiply words? The his
tory OF the country from 1893 10 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 dissen,
sion and disaster. not only 70 his party
but to the people, and that Of McKinleJ
and Roosevelt with harmony and pros
perity unparalleled.
The Blight of Anarchy.
The last work Of a Republican ma
tional convention, held at Philadelphi.
in the year 1900. was overwhelmingly IN
dorsed by the American people, and III.
remarkably successful Administration o
President Mckinley was continued; bu
In an hour of universal peace. when par
tisan criticism WAS stilled by the sprea,
Of prosperity. the blight of anarchy, I'm
ported from another shore, struck down
our Chief Magistrate. and brought tn
whole world 10 his bier as mourners.
Universal sorrow stopped the pulse o
Industry, not Ia fear, but in profound re
spect for the memory OF the man ant
the President who died breathing 9TH,
| will not mine. be done" for in that hou
1 a vigorous, energetic and enthusiasts
| young man stood beside that deathbe1