Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1904-06-23


on earth. Capital is abundant; inter
est rates are decreasing and capital
seeks investment. And while the law
prohibits unlawful combinations great
blocks Of competitive private capital
have been and are being invested in ;
all the industries of the country. IL
can easily be foreseen that when a le-
Ultimate plant comes in to competition
with plant that is capitalized for two
or three times it's value, the overcapi-
talized plant will go to the wall. 1t is
an open sercet that within the last two
years the shrinkage from oyercapitali-
cation has been many many hundreds
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 people Of the coun-
try. And yet on the average, say
again. our people are better employ
ed and at better wage and have been
for the last twelve months, Than ever
before. And Notwithstanding this
great shrinkage OF fictitious 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.
A Plain Tale.
THE trust buster who is always
busting the trusts by word but never
by action, would lead the people to
believe that all the production of the
country is Under the direction OF unlaw-
full combinations. Behold how plain a
tale shall put that down. The statist-
les carefully and honestly gathered by
the government show that competition
is after all the great force that regu-
lates production and the price. If you
take all the alleged trust properties en-
gagged in production in the year 1900
they produced IA per cent, while the
independent factories produced Sc per
cent Of the factory product of the coun-
| try. 1t is impossible to permanently
corner capital, and muscle and the raw
material which nature has produced in
such abundance.
But why multiply words? The his
tory of the country from 1893 to 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 to his party
but TO the people, and that Of Mckinley
and Roosevelt with harmony and pros
perity unparalleled.
| Death of Mckinley.
'The last word of q republican ma
tional convention, held at Philadelphia,
in the year 1900, was Overwhelmingly
endorsed by the American people. and
the remarkably successful administra-
ton of President Mckinley was contin-
I ued; but in an hour of universal peace
when partisan criticism was stilled by
the spread of prosperity, the blight OF
, anarchy imported from another shore
struck down our chief magistrate and
, brought the whole world to his bier as
, mourners Universal sorrow stopped
, the pulse Of industry, not in fear but IN
! profound respect for the memory OF the
man and the president who died breath
] ing Thy will not mine be done;' fol
1 in that hour a vigorous, energetic ant
Y enthusiastic young man stood beside
t that deathbed, pledgng his life to thu
i policies of his predecessor. We hat
q confidence in that pledge; and nobl.
e has it been kept. The new presiden
took up the burden of Office with eau
ton but without fear. for he had tn
s. republican party behind him and tn
d success Of it's policies everywhere il
J. evidence The last three years
d the administration have beef
It marked by the same success as thos
4 that preceded and today as in Phila
y delphia, four years ago, there is no q
o vision in the republican councils as t
o the standard bearer of the republlca
y. party.
y 1.-THE history of civilized government
4 is record of peaceful adminlstratlo
under established policies, nos OF ne
" laws or new Interpretation. IN the OF
= world a new law or new poilcy,
s.. 3 fecting the general welfare OF the pc.
y pie, is an event of generation. IN TN
81, country new laws come more trequen
~ ly; but those of general characte
" rarely oftener than once in an admin
10. tration. The Mckinley administratlo
Sc was marked by new tariff law whlc
as restored prosperity; gold standal
'e- act. which gave stability to our Gu
ne rency; the annexation of Hawai-;
ne short and triumphant war With Saal
40 which brought freedom to Cu1a al
Is placed Porto Rico and the Philippine
nd under our flag. The administration
Dr. Roosevelt has brought an END 10 u
st cry Of imperialism with growing civ
VI government in the Philippines, and
he free and independent government
Cuba; the purchase and authorlzatlc
gn of the Panama canal, the arbitration
AZ the coal strike and the decision TIL
re trusts are amenable to the authority
de law. These are some OF the acts
ng the republican party under the ADM
Or istration of President Roosevelt; al
Ia there is not responsible America
citizen who dares deny that they nav
one and all, been for the general go'
Ter of the whole people; and that they al
IN one and all endorsed by the people.
he "Let us make our nominations IN
ed der and appeal to the people OF :,
It'll country for a renewal of power 10 u