New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-21

Policy Of Protection Defended by the
IOzCa Senator.
IRON THE TRIBUNE BUREAU


Washington, April 2O.-Mr. Dollver Of Iowa,
made one of the strongest speeches of this ses-
sion Of Congress in the Senate to-day, address,
ing himself to the subject of trusts and the
victory in popular favor Of the existing tariff
law. Mr. Dolliver referred to the attitude Of the
Democratic party toward the tariff. saying that
for the first time in national history since 1915
the policy of protection stands approved its
enemies themselves being the judges, by the
common consent Of the American people.
The attitude of Senator German and Repre-
sentative John S. Williams on the tariff was
ferred to at length. The Dingley BILL he said.
would be memorable because of 'the universal
employment Of the working forces Of the coun-
try. the general level of high wages, the multi
plcation Of new industries. the prosperity OF
the farm. the activity of domestic trade and the
volume and net results of foreign commerce."
under it
He defended Republican policies from the
charges that they fostered trusts. and commended
that all trusts circumscribed by natural
laws which 1t is impossible for them to over
ride. One OF these laws, for instance, was the
law of maximum consumption. He added:
Not even those which. like the American Sugar
Refining Company, have approached most near
ly TO a monopoly. are exempt from that law
The trusts watch more diligently than ever the
signs Of the market, for they know better than
anybody else that their profit is in the sale. and
not III the manufacture lneIT BOOOS
He also spoke OF the operation of the law of
competition and said that all. or nearly all. OF
these unwieldy creations of the corporation laws
Of the country would be worn out by the internal
resistance Of the marketplace, even If they
represented a legitimate investment OF bona
fide capital He denounced speculative trusts.
but expressed sympathy for business interests
which were forced to combine in order to live.
Continuing. he said:
There is only one sense in which the protective
tariff can be held responsible for the trusts and
that is that without the protective tariff there
would have been fewer Industries to combine
and. therefore. fewer Combina tons. So uni
formly has the approach OF our tariff law to
the basis OF free trade been accompanied by
national poverty that its acceptance now might
safely be relied upon to induce conditions which
would efectually discourage the trust move
ment-
He declared that the effect Of the abolition Of
the tariff would be to turn our markets and
our Industries over to other nations. Mr.. Doni-
yer referred 10 President Roosevelt saying that
he was the worthy leader Of a great cause. and
predicting his election on a platform that would
protect the interests and conserve the honor
OF the country.
In conclusion. Mr.. Dolver said:
We approach this Presidential campaign
united In the bonds OF our historic faith. We
did not originate IL: inherited II from our
fathers. When William Mckinley died he left
It as a rich legacy TO who followed him in
the great triumphs Of his public life. 1t was
discovery OF his. He got 1t from Abraham
Lincoln, who got II from Henry Clay who got
II from Alexander Hamilton. who got IL from
benjamin Franklin: that our title IS clear,
abstract perfect, without lien or tncum-
brance, running straight back to the original
sources Of American common sense.
II changes are required TO bring the Tarin
law Of 1897 into more perfect relation to the
Industrial progress Of the American people, we
propose to make them ourselves. whenever IN
our Judgment the work can be undertaken with
out doing more harm than good; but we shall
not consent to any change which surrenders the
rights of American labor or the advantage which
every man who makes bona flde investment or
his money I'm the United States ought TO have
over his competitors in other lands.
At the close of his speech Mr.. Delivers col
leagues crowded around him. congratulating
him on his able presentation OF the Republican