Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1906-10-04

DRYDEN AND LA TOILETTE.

LES MONIES Cap1tal-SenatOr Rob-
ert M. La Toilette. who has Just been
cleaned out In his own state, has been
IN New jersey for the past few days
doing little missionary work in the
interest of reform. AS in Iowa and
other states, La Toilette attacked the
public men Of the commonwealth with
freedom and vindictiveness surpris-
ing even for one of his spleen. He
charged the United States senators
from New Jersey with being wholly
Enthusiastically and corrupt, and based
his attack upon the failure of those
senators to support La Toilette S
amendments to the railroad rate bill,
which is proof enough to the Wiscon-
sin man that they are venal. Sena-
tor Dryden, in an interview given out
at Newark one day last week, makes
an effective reply to Senator La Fol
lette's attack. After characterizing the
reformer from the Badger state as a
political schoolmaster who consorts
with and acts with the democrats in
congress Senator Dryden discusses
the La Toilette amendment to the rate
bill, over the defeat of which the Wis
consin senator has made such a fuss.
: ~ ANSW oSLoVS oC1cIOl ouyo.
Now let us see how much in the
interest OF the people this boosted
amendment of La Follette's to the rail-
way rate bill was. He himself has
stated that the railway securities
which would be affected by his propo-
sition would amount to about S13 ,000,-
100000; that of this amount he ex-
pected to squeeze out about $1,000
100000. These $13,OO0,00O of railway
securities, as is known by every intel
ligent man,have been sold at homo
and abroad. There isn't financial
market on earth where they may not
be found. They have been bought by
investors of all classes and in every
condition Of life. To destroy $1,000
100000 Of these securities by legisla-
tive enactment would constitute the
most gigantic scheme of public rob-
berry ever conceived by the mind Of
man. If it would stand the test OF che
supreme court it would constitute con
fiseatlon by act of the government
and enforce reputation by the rail
ways themselves 1t would bankrupt
life insurance companies and savings
banks. 1t would cripple banks of de-
post and trust companies. 1t would
destroy estates held in trust for wild
ows and orphans. 1t would beggar
rich and poor alike who have invest
ed their money in these securities.
1t would paralyze business. 1t would
destroy American credit in every finan-
cial center Of the world"
Senator Dryden is one Of the best
informed men in financial circles IN
the east He has lived an honorable
life, and is in the enjoyment of the
confidence and esteem of his business
and legislative associates. In common
with majority of the republican mem
bers of the senate, he voted against
the La Toilette amendment, causing
the defeat of measure which he bold
ly declares to be Infamous. The New
Jersey senator's temerity in punctur-
ing the assumptions of his colleague
from Wisconsin may not check the
flow of SANDER which emanates from
that gentleman whenever his republi-
can associates in the senate are NEIL
toned, but 1t will serve to convince
thoughtful people that in defeating the
amendment the senate majority
struck no blow at American honor or
the interests Of the plain people.