The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-04-28
SAYS, IN SPEECH AT GRANT AN.
NIvERsARY, THAT HE Is
LiNcoLN'S SUCCESSOR.
SAME QUESTIONS TODAY
Confront Nation as in Period Durinu
War, Namely States Rights,
Backed BY Interests, De.
clares U. S. Senator.

custom inaugurated many years ago
Galena today hcll q notable celebra.
ton of the elghty-ffth anniversary of
IN birthday of Gen. e. S. Grant A
large delegation from Chicago attend
ed the exercises. The orator of the
day was Senator Albert J. Bever-
idge, OF Indiana, who spoke eloquently
OF th3 services rendered the nation
by the famous soldier whose home
was In Galena. In addition to the
anniversary exercises Sena or Bever-
idge and the othef distinguished
guests ATTENDED the laying OF the
corner stone of the new Felt-Carne gle
library.
Beveridge, in part, said:
You soldiers who followed Grant
when the great national commonder
reviewed your final parade down |
Pennsylvania avenue in Washington |
and you disbanded TO your homes,
thought that Calhouns states rights |
were dead. But the old argument is
on again and this fact compels new
discussion of This question. And /;
of the birthday of General Grant, the
meaning of whose life work was the
ever increasing unity of the American
people into an eyer-stronger growing
nation.
As to States Rights"
To-day, we behold RI crudeseence
of Calhoun states rights AS had
been the case from the beginning. 1t II
is caused by selfish interests which
fatten by doing wrong to the whole
American people, resisting the
thought and conscience fthe whole
American people seeking to stop this
wrong.doing. AS always from the be.
ginning. Calhoun states rights de-
fcnds itself upon the high ground VI i
local self-government. Local self-gov.
einment is sacred and the use of that v
term to defend Calhoun states rights
Is sacrileg 1t is said that the will
and wisdom of the whole American
people trying to stop national evils by
national laws would destroy local self
government; whereas, ii would pre-
serve local self-government pure and
unadulterated by interference with
general government.
The Danger of Overcapitalization.
Still another advance in national
ity is necessary. Another step in
safe guarding the welfare and pro
noting the prosperity of the American
people through ghe government of
the American people is inevitable
step which the states do not take and
can not take. Most large business
is now carried on by corporations Our y
business Is so big that no single man
or partnership Is big enough to do It. !,
Therefore corporations which combine
the capital Of hundreds and thousands !,
and ven hundreds of thousands of :
stockholders are Indispensable But !,
these vast corporations which are
great only because the business of the -
American people is SO great. is great. =
ly serving the American people also II,
greatly wrongs them. One form nf
this wrong Is in over-capitaliZation. :.
Men create these corporations: charge :,
the people too much for their ser -
vice; sell The ople stock based on -
this overcharge: and therefore con :,
tinue and increase this overcharge =
upon the plea and excuse that the r,,
people who have bought this over
capitalized stock must be paid diyi
dends upon It. n
Compulsory Publicity Necessary "
"All these largest corporations do
business throughout the entire nation
Therefore their problem of over-cspi- r;
upcn which they tax the
people of the entire nation. must be
solved by the government of the en-
tire nation. We must have a national
law compelling all large corporations IN
hat do a natisn-wide business to pub 60
ish TO the whole country the exact =,
ruth concerning every possible ele- a.,
nent OF their assets. liabilities and no
business which would influence any I,
purchaser of stock. This will end
capitalization: for. IL any man sa
who would like to buy stock. knows 90
hat IL is "watered." he will not buy Do
T. And. Of course. If thy can nor NO
'ell this -watered" stock they will ws
iOt issue e.. and that means the end Al,
# over-capi'alization and the rubber bo
'harges based upon It. shall intro IN,
luce such a bill at the next session 80,
4 congress.
The Infsmy Of Child Labor.
And yet another reform which the
Iation must work: Thousands OF 1T
le children this very hour are being ~,
naimed and murdered in coal min 5. ,,' %
oiton mills. glass factories and sweat
hops. Hundreds Of thousands of the -
80 SEE
'e'' '"'o 80 P'''''' - tin
fConcludsd on Fifth Pags) rec