The Providence news. (Providence [R.I.]) 1891-1906, 1905-04-14

Mr.. Parker was the first speaker and
he was enthusiastically received. Fre-
ouently he was interrupted by applause
from his hearers. The speech was on
the future OF the Democratic party. and
was replete with suggestions for har-
mony, and urgent appeals against sec
tionalism.
In part he said:
NY own recent experience in politics
does not incline me to favor overmuch
the management OF some great corpora
tions But no student or observer OF
economic conditions can question either
the logical development or the necessity
of corporations any more than he can
ignore their existence.
They are not the result OF some blind
chance cropping about In modern industry;
they are essential features in the growth
of that real cooperation which has done
so much to change conditions. Like all
things human, they have their evils, IN
deed. they have their perils.
But as we cannot be rid OF them II
we would and would not II we could. II
must be our part properly to enforce
the laws against them and their repre-
sentatives as we have done and must
continue TO do against the individual who
does wrong.
We have only 10 look about us, in our
separate communities, 20 see that the
great majority Of corporations are man
aged with az much honesty as we are ac-
customed 10 see in mundane affairs and
the punishment for offences against law
and morals--the punishment inseparable
from failure and loss-goes on In these
bodies as Il does among the individuals
who constitute them or the others who
compete with them.
GROWTH OF TRUSTS.
In the course of time we have seen
the growth OF bodies popularity called
trusts which may be defined as corpor-
ations Of corporations. These. too, have
been chartered under laws. taxes have
been levied upon them and control as
serted In states and smaller communi-
ties
The owners and officials find that they
are responsible for principles and laws
long IN operation among men That some
Of them have taken advantage Of par
tial and inequitable laws. while others
have either secretly or openly violated
statutes, in order 10 oppress the COM
munity. is beyond question.
Some attempt has been made even In
high places 10 distinguish between these
trusts AS an election was coming on
at the time II may be assumed, from the
course taken. that the "ad trusts" were
those against the party In power or
which might not be Influenced In its
favor. while the good trusts" were IA
vorabie 10 its interests. or amenable to In
ftience or pressure.
We have seen one department give a
charter 10 n great and far-reachlng COM
binaton before n Federal grand jury.
rs this the way OF the prosecutor who
is IN earnest7 In another instance. the
managers OF a great railroad. having ad-
nitted that they have paid rebates. the
government some years after the fact
has been avowed. appoints special counsel
20 prosecute.
Meanwhile the official In power at the
time and mainly responsible for this ad-
mitted infraction of the laws is now n
member of the presidents cabinet Must
we construe this 10 mean that the trust
which was once good" has now become
pad?
TRUE TO THESE POLICIES
when analyzed. the Democratic party
IN all It's past history. has been true 20 a
few general ideas and policies. They
may be enumerated as follows.
1 strict Interpretation of the con
sttution which implies resistance "a