Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-10-13

| what is true or steel rails is TRUE III IL
greater or less degree of the whole SER
| les. What explanation can am honest
| man make to the people whose money
| has thus been exacted in order to ac-
cumulate the fabulous and unprece-
denied fortunes that have grown ous
the opportunity SO presented? l have
heard it said that if the statement
| have made be true, why do not the
railways who buy these rails protest
against the outrage? The answer Is
plain There Is bond of sympathy,
ay, bond of actual community, be-
| tween the directories of the railways
and the directory of such corporation
as the United States Steel Company
which compels the one to stand by the
other. Together they hope to control
| legislation and Illustrate every al
tempt to diminish the profits of the
manufacturer or regulate the practices
of the railway. There is. however, an
other answer SO long as railway
| company can maintain a rate of trans
portation which compensates it for its
| investment, it is little concerned witt,
the amount of that Investment. At
ter all, the people-that is the users Of
the railway-pay the excessive price.
| have been often asked in what way
are we interested in the cost of rail-
ways? Mark you what / have said is
not limited to the construction of these
properties alone. Iron and steel enter
into all kinds of construction. But we
are virtually concerned in the cost of
railways. For years, with every pur-
chase of sixteen tons of rails, the In
vest1nert in the property has been at
least 800 more than it should have
| been. and the railway expects the peo-
! pie to pay six, eight. or ten dollars per
year upon that additional Investment
! IT will require but moments conpu-
! tation to indicate the immense tribute
which we are yearly rendering to them
i simply because we have tariff duty
| upon steel rails that excludes foreign
competition until our domestic manu-
! facturers have raised the price of iron
and steel from SO to $40 per ton higher
than the foreign price.
Is it any wonder, then, that day by
day those who have the welfare of all
/ the people at heart grow more and
more earnest in their demand for re-
duction of these schedules, and they
will win unless all sense of justice has
been driven from the heart of the
| American voter.
Refers Shaw to Young.
in making a speech upon this sub
| ject in Chicago the other day, l re-
fewed to an address made by the sec
retary of the treasury in Des Moines
in which he attempted to defend the
senate for its inaction. accepted the
report of his address as published in
4 the editorial columns Of a friendly
newspaper. Relying upon that, Inn
sentiment that the senate found the
treaty to be Objectionable because II
gave everything to France and nothing
to the United States. The secretary
Of the treasury now denies that he
made the statement. He must settle
this controversy with the editor OF the
newspaper. and I look forward to the
adjustment OF that dispute with lively
interest. have no right to pass upon
the question of veracity between two
such distinguished men, but may say
in passing that since made my speech
in Chicago and since the secretary OF
! the treasury called upon me for my
authority for the statement made
there, a dozen men who heard the
Speech have offered me their affidavits
attesting the accuracy Of the report
i made by the editor.
In calling me to account, however
the secretary of the treasury declared
in substance that what he wanted the
people to understand was that the real
reason for the failure Of the senate to
ratify the treaty was an unwiNingness
| to do an unfriendly thing toward
| England, a country (which opens her
| markets to all our products without
duty, and to which we sell very large
amount Of our exports, and in this