The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1907-08-20
REPLY TO BRYAN
is MADE BY TAFT
Favors Tariff Revision on Pro.
tective Lines.
swollen Fortunes and Trusts, OF Mo
nopoiistic Tendencies. Require
Surgery.
OPENING OF HIS CAMPAIGN

Columbus. o.. Aug. 20.-secretar
= OF War Taft had an ovation las
hlght on the occasion Of his address
r before the Buckeye Republican club
! ana ne spoke nearly two hours, dis
cussing very fully nearly all the i'm
) portrait questions which have beei
, before the people Of the country o.
are likely TO come before them in tn,
next campaign.
After referring to some of tn,
good ELECTS Of the rate bill, the attl
tnde OF the country toward IL. de.
caring thst Mr.. Bryan erred i'm say.
ing mat the court review feature was
a restraint upon the commission. the
'secfetary pointed out that amend.
ments were needed to make the bill
more effective. notably one relating
to classification. another to prevent
over capitalization, against the pur-
chase of stock in competing lines and
joint directors and others Tho law
aud the proposed amendments were
not sOclalistic.
io'i'''lohS 10 Government ownership
am opposed to government own
'ership-
First, because existing government
railway are not managed with either
the efficiency or economy OF private
ly managed roads and the rates
charged are not as low and therefore
not as beneficial to the public:
Second, because It would involve
an expenditure Of certainly twelve
billion of dollars to acquire the in
terstaie always and the creation OF
an enormous national debt.
Third, because it would place in
The hands of a reckless executive a
power OF control over business and
poliucn that the imagination can
hardly conceive. and would expose
our popular institutions to danger.
The speaker favors railroad agree
mont II submitted to and approved
by the commission: frightful loss Of
life among employ es-i. 900 Killed
and $4,000 injured In one yearf call
4, ed for stricter government superyi-
SION. The new Law made a uniform
rule for liability Of railways to en-
lp.oyes abollnhing the fellow servant
Laws. aud Will lead 70 a settlement Of
claims without lawsuits.
A. 20 Trusts.
II pass now from railway regula-
ton and the abuses arising In the
discharge OF a public function to the
evils which have grown out of the
combinations existing in private bus
lncss. and 50 come TO the subject OF
Trusts. The combination OF capital
In large plants to manufacture goods
with the greatest economy Is just as
necessary as the assembling OF the
parts OF the machine to the econom-
Teal and more rapid manufacture OF
what In old times was made By hand
Tho government should not lnterfereI
with the one ny more than the other.
In the proper operation OF eompeti-
ton the public will soon share with
the manufacturer the advantage inI
lowered prices. When. however, such
combinations not only lower the cost
TO themselves. but are able to control
the market and maintain or raise the
old prices the public derives no bene-
At and is. helpless In the hands of a
monopoly"
The speaker held that a mere ag-I
gregation OF all plants in one owner
ship does not suppress competition |
secret rebates were most effective toI
maintain monopoly.
Replies To Mr.. Bryan.
"Mr. Bryan asks me what | would
do with the trusts. | answer that II
would restrain unlawful trusts with
all the efficiency Of injunctive pro-
cess aud would punish with all the
severity of criminal prosecution EVIL
cry attempt on the part of aggregated
capital through the illegal means
have described to suppress competi-
ton.
''Mr. Bryan Is continually asking
why have some of the managers Of
unlawful trusts have not been con-
vlcted and sent to the penitentiary =.
| sympathize with him in his wish
that this may be done, because
think that the Imprisonment of one
49,. t.rn v.,,,fd haVp a nact hpa1th.-