New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-23
4 PARTY OF PROGRESS.

plauseS WShv Gentlemen. why multiply words
about ancient recent conditions aa S w
country under the administration or Grover
Cleveland and compare IL with the country
under the administration OF William MchiilTS
and under Theodore Roosevelt (AppIauSe1 II
a will dweH on comparison for a nloule il
and make fair comparison. II ne would hot ~ ~
dorse the policies of the Republican party ne
would not believe one though ne were IdIseN
from the dead 0.aughter0 Mckinley Roose-
welt! The Dingley act, that restored Us 80.
nOmic prosperity! The gold standard act, thaI
settled for all time the matter OF sound cur
rency! The short, triumphant war Win SpSiill.
The Philippines and Porto Rico eOiIlIils ui -.
our flag and freedom to Cuba, Is a record that
will stand in the future second only 10 the fec-
ord made by George Washington and Aorahaih
Lincoln. (Appause)
ROOSEvELT'S PLEDGES KEPT.
Imported anarchy struck down our great Pres
ident when partisan strife had alino5t ceAsed
The world paused in wonder and IN lhdishdtIuIl,
not In fearb because, life went from our great
leader and our great President there w .S .
ing by the bedside, who. under the Constitution
was his successor, and he there said I am "
be President, to carry out the poIcies OF VIZ
Republican party and will journey In the foot
steps of William Mckinley and or AOraham LIN
To yoTr coming President great things have
happened In the last three years In the Ola
World a single great policy IN a genersloii -
the exception. We have more thcn that IN V o.!
progressive country 1 have given you the
great achievements under Mckinley Unaer ms
worthy great successor we have had the con-
summation OF freedom to Cuba wrought out by
superior statesmanship. imperialism talheu
about under Mckinley. has disappeared NTH
growing civil government and peace In the Knit
ippines. Aye II has disappeared from the face
OF tho earth Did say from the face or the
earth? I will stick 10 II, because tne 0Oc-
trinaire here and the doctrinaire there. whether
In Nev-YOrS or in Boston, draws his toga ABOUT
ni saying am ,ss %isTr - asttsS nv the con-
science and the intelligence OF all the people.
cries Wolf! wolf'' Well, under the Consul
ton of the United States he has right TO-
O4aughter)
Let them ask what is going to become of the
Philippines! At last we have peace. at last we
have growing civil government. and. as our
eighty millions In this twentieth century shall
increase TO two hundred and fifty millions as
in the fulness OF time. that territory viii De
useful to the United States. whereas. IN the
mean time. we will be like benedictson TO them.
(Applause)
INCREASE OF WEALTH
The United States is great in production and
wealth. How great In wealth? In 1850 $500 In
round numbers was the per capita wealth. In
1900 s.. 235 was the per capita wealth. In 1860
the wealth was measured by S16O0OODoOoO;
in 1900 S94 O0O 100000: now $l0oOOO.OO0O00
Great Britain has an aggregate wealth Of only
gathering IL for the last five hundred years; yet
In generation we sprans from S16voOOoOoO
S40OOcOODOOO0 The United States has
fourth OF Il.
But our friends the enemy some OF them lit
tie politicians, yex tho air, crying. Trusts.
trusts. trusts oh. they come out strong with
good lungs trust busters. Since $500 have
they ever done any bustiugc Uaughter1 oh.
There Ia no Jericho now and. II there was
it would never happen again that people would
march about the walls blowing rams horns
seven times until the walls fell down That is
what the Democrats are trying TO do.
"Trust?" Yes. Great combinations OF capt.
tal against public policy? Yes. But the Repub-
Iican party, always true TO the people and its
traditions. made haste provide under the Con-
stitution legislation that would prohibit these
combinations.
TWO KINDS OF TRUST BUSTERS"
The do something party. 1t slept under
Cleveland. Mckinley had the war with Spain
and the restoration Of prosperity. but that
young, enthusiastic. true took an oath TO
see TO IT that the laws were executed, and has
executed them. and In his opinion trusts are
unlawful and should be dissolved. That "a the
difference between the Democrats and Roosevelt
one bursts by wiHd. the other bursts by law.
daughter and applause)
There is no country on earth that has so much
wealth as ours. Why, interest rates are cheap
ening and cheapening until to-day the credit OF
the United states commands money at pre-
MUM OF per cent. which is 1 per cent lower
than any nation on earth can command IT.
Foreign combinations? Yes. But all the
while these great wealth seeking individuals. de-
string favorable Investments month by month
and year by year enterprisng citizens destr-
Ing gain. found additional industries. Take the
census OF 1900. The figures correctly tabu-
lated and made according TO the facts. and tho
census OF 1900 shows that from the establish
ments OF the sO-caled trusts I'm the United States
only IA per cent OF the factory product came
whereas 80 per cent or the factory product
from their competitor individuals and small
ownershipS.
And IT IS bound TO be that way. ic you will
stop and think. There are eighty millions OF our
people II some man COnceiveS the idea that
when he dies wisdom will have departed and
that he can corner the air and the water and
the sunlight. he will find eighty millions OF
people who make our civilization that will not
only make law and put It into force but by
competition and enterprise will swear that the
admitted declaration OF the enemy Is q false
hood. Can you prove it2 Yes. Just a minute.
In the last two years the wind and the water
the so-called trusts have been squeezed out,
and there are people who make mouth BETS
about the price OF wStered companies and COM
panteS that have gas on top OF the water. made
by the printing press certificates. Oh they stand
around and say:
why. there is the most extraordinary shrink
age in values that was ever known"
How much?'
"Oh, good many hundreds OF millions The
Wall Street Journal says over billion six hun
dred million" daughter and applause(
And yet every dollar OF property, every par
ticle OF property that was represented by this
overcapitalization two years ago Is yet with US.
daughter and applause.) Now. all the fools that
bet il to go down and the fools that bet IL to
ticle OF difference to the eighty billions of people
who live the sweat OF their faces and do a
legitimate business. (Applause)
oh. gentlemen. the law. public opinion. public
sentiment. the desire for good investments. dol
lar for dollar I'm the factory where dollar costs
one hundred cents. goes into competition against
the factory that cost one hundred cents and Is
burdened with another hundred cents and an
other hundred cents gas and another hundred
cents mOonshine Work It out II Is all right.
daughter and applause9
THE CAUSE OF STRIKES.
Oh but says our enemy. MY goodness look
at the strikes you having In this country"
That is their strong suit. strikes. strikes.
Il V1Iott,