The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1906-04-14
SENATOR MccUMBERS SPEECH ON THE
RAILROAD RATE BILL IN u s SENATE

toward the ACKNOWLEDGEMENT. toward In
creasing the size and Importance and
c cne influence. Of these great Industrial
nave mentioned. simply because no
one yet has suggested any remedy for
, IN mr. l .,l refer TO our banking system.
companies. to the savings banks to
our great truct companies.
be Our ~ national to- banking system has
country count has ever enjoyed. It has been
able to keep a stable currency, which
ss Sc a ehd naes ef all
likewise been Of inestImabie value at to
banks and our trust companies. ins
vesting the savings OF men of small
Bnt as ny aay tsa also been Of great benefit
carried within them a seed which UNI
ger favorable conditions has grown and
d ,,, and brought forth its train Of
Mr.. President. the great increase in
the sold production of the United States
NTH In the d last ten years. the mighty bal
IN our favor during the last ten years,
nave given us quantity of available
that t hno S,s beyond anything
smith The ,s savings! ing Of the peoplc-for de-
h Is 1an aati that II ths fs. are
these prosperous times their SAVINGS
havs b been yrea;tter than ever before
aces and herePy ia sSbe asss reeep
nous sums Of money to the control of
G nanpa ann,a few persons. These i'm
the 6 H been n aays f been in
niative purposes in making and break
l In ed markets "a secS and have been manpu
made vast fortunes for comparativeiy
nloneS: looking for in vest s@@s go 90
and increase their power and thereby
decrease the opportunity for the small
CT rh ns'S! M pr lnaSss5y ia cr.a,n
if if, not checked. believe. viii in @h tse
nio th tins sS n
accumulation Of great fortunes ' by hone one
from ths dcy sIen as grow naturally
h nave sol been worth hundreds Of millions
are veil Worthy rG this he @iorys ana they
haps they have saved. So, too q man
n may protest gee, "a. IA. railway into a new
many times millionaire. but In doing
so he has made It possible for hum
rich to the n p senfort IS a Ind
blessings of life: and while he has
MAO, MADE on one million he has made it pos
and millions. The field Of Opportunity
should always be open to men Of that
elass They haze = been S Of he
But what the American people OBJ
1ect to, and what they have a right to
object to. is the vast sums that are be1
going into, the already immense ' In.
d tnn, Advance their power and con-
the field of opportunity for smaller
bu Sin, Interests They object, and
c eawe right ITO to object to the great in
ers as compared with the producing
population Of the country. for the for,
Directly vs upon ether ase ate or In
This. Mr.. President. Is very brief
statement state Of the conditions as they
through an evolutionary stage Which il
individual. and not without serious
and to my mind Very just Complaint.
It does not answer this to saw. as has
often been. said. that there Is oppor-
for advancement Within the epp limits 81
these great concerns. This does not
answer human aspirations. The ambi-
shall be a higll-salaried clerk, not that
he shall simply be an overseer or the
ne of department. but that he shall
a field Of opportunity in which may be
and the man: and nothing short Of that
Mr.. President, these are the condi-
tons the people are crying against
MoW are ,e you Answering their com
vision in the rate bill, the only i'm
p ISr mt. provisioa which is not now
making from ma RI
political board-will accomplish any
thing in changing those conditions: If
lief that this pro G viii viii answer
their prayer. then certainly the Sena-
tor from South Carolina spoke with in
bill was one Of the greatest farces ever
perpetrated on the public. OF course
he said this before he knew that he
was to become the stepfather of this
There is false suppesition that this
viii be new law affecting rebates,
add one syllable to the old law 1 upon pom
rebates. In my opinion that law is
neht e h. as now fands and 1t
it does not strike with sufficient and
effective force the principal party to
ae fsestf or e On $500. 70 be sure w #
as compared with, the entire amount
which may be received by one of these
year. II the meat trust or any other
ing these rebates out Of the railways
receive 100000 in a single year, and
II at the end Of the year you require 1t
to pay back 100000 in fines, the next
year, so far as that company is con-
cerned, rebates will have become a
matter Of past history.
The resolution which I offered fol-
lows the recommendation of the Presi-
dent. that both the giver and the taker
OF rebate should pay penalty equiv