Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1904-06-24

in the same practical way, not to talk |
about the trust. but to proceed against |
the trusts by law for their regulation.
In separate suits fourteen of the great
railroads of the country have been re.
strained by injunction from giving il.
legal rebates to the favored shippers,
who by means Of them were driving
out smaller shippers and monopolizing
the grain and meat business Of the \
country. ....
The beef trust was put under in.
junction. The officers of the railroads
engaged in the cotton carrying pool,
affecting all that great industry of the
South, were indicted and have aban-
doned their combination.
The Northern Securities Company,
which undertook by combining in one
ownership the capital stocks of the
Northern Pacific and Great Northern
Railroads to end traffic competition In
the Northwest has been destroyed by
a. vigorous prosecution expedited and
brought to speedy and effective con-
clusion in the Supreme Court.
The right of the Interstate Com.
merce Commission to compel the pro-
duction of books and papers has been
established by the judgment of the
Supreme Court in suit against the
coal-carrying roads.
Other suits have been brought and
other indictments have been found
and other trusts have been driven
back within legal bounds.
No investment in lawful business
has been jeopardized, no fair and hon
est enterprise has been injured; but
it is certain that wherever the consti-
tutional power of the national govern
ment reaches, trusts are being prac-
tically regulated and curbed within
lawful bounds as they never have
been before, and the men of small
capital are finding in the efficiency
and skill of the national Department
of Justice a protection they never
had before against the crushing effect
of unlawful combinations.
We have at last reached point
where the public wealth of farm land,
which has seemd 50 inexhaustible, is
nearly gone, and the problem of util-
iZing the remainder for the building OF
new homes has become of vital i'm
portance.
The present administration has
dealt with this problem vigorously
and effectively. Great areas had been
unlawfully fenced in by men of large
means, and the home-builders had
been excluded. Many of, these I'm
lawful aggressors have been compelled
to relinquish their booty, and more
than 100000 acres of land have been
restored to the public,
The reclamation by irrigation Of the
vast arid regions forming the chief
| part of our remaining public domain
has been provided for by the national
| reclamation law. @s~ ~
The Department Of Agriculture has
been brought to a point of efficiency
and practical benefit never before
known.
When the last national convention
| met the Philippines were under mill
tary rule. The last vestige of insur-
rection has been swept away.
In 1900 the project Of an Isthmian
Canal stood where it was left by the
Clayton-Bulwer treaty Of 1850. On the
18th of November, 1901, the Hay
| Pauncefote treaty with Great Britain
relieved the enterprise of the right Of
| British control and left that right ex.
clusively in the United States.
Then followed swiftly the negotia.
| tons with Nicaragua; the Isthmian
Canal act of June %, 1902; the just
, agreement with the French Canal
Company to pay them the value Of
the work they had done; the negotia-
ton and ratification Of the 'trtSty
with Columbia; the rejection of that
| treaty by Colombia in violation of our
rights and the worlds right to the
passage of the isthmus; the seizure
! by Panama of the opportunity to re-
new her oft-repeated effort to throw
| off the hateful and oppressive yoke OF
! Colombia and resume the independ-
| ence which once had been hers, and Of
| which she had been deprived by fraud
| and force; the success of the revolu.
| ton; our recognition of the new re-
public followed by recognition from
substantially all the civilized powers
| of the world; the treaty with Panama
recognizing and confirming our right
| to construct the canal; the ratification
of the treaty by Congress; the pay.
ment of $50,00000O to the French
Company and to Panama; the appoint
! ment of the Canal Commission in ~
cordance with law, and it's orE.<aiza.
| ton to begin the work.
| Following the speec1- s:3 the tempo
rary chairman tbs Standing commit
| tees of the coa'ention were appointed,
and tkv 1eeung adjourned for the
| d., .
At night mass meeting at the
| Auditorium was addressed by Sena-
tors Depew and Lodge, Representative
Dalzell and other prominent men.
! .