New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-10-22
BRYAN HAS NEW CROSS.
GOT TRUSTS THIS TINE.
Federal License Vii Curb En-
Railroad Rates Too High.

RQ2lrOU0 macs 4 90 I19SH.
Combating the idea OF federal incorporation Of
corr1orations William Jennings Bryan, In an ad-
dress IN Cooper Union last night, came out strongly
In favor Of a federal license for corporations. lie
spoke Of II as an original plan although It was
strongly advocated by Secretary Garfield when ne
was Fl the head Of the Bureau Of Corporations.
NJ Bryan, who spoke under the auspices Of the
Progressive Democratic League, also advocated the
advertisement of all railroads and the fixing CT a
rate which should bring a reasonable return on an
honest capitalization. such rate being. 10 ms
naiaC. one that would keep the stock at par.
Returning to his attack on some newspapers, not
AL which he made in Richmond recently. he de-
clared me had Information that many proprletors
hi,ed brilliant editors 10 chlor0form the readers
while tie latter's pockets We're picked Mr.. Bryan
discussed states rights I'm the Light of the North
Carolina incidents and the California public school
controversy. He spoke Of swollen fortunes and
said that while an income tax and an inheritance
tax would be all right so far as they went the
only Ray 10 keep down such fortunes was by tax
ing away the monopolies hy which they We're made
on the subject of a federal license for corpora
lions Mr. Bryan said:
believe the time has come for the federal gov
eminent. acting within its present powers 10 C9r9
whenever any corporation in interstate commerce
wants 10 control as much as - PEI cent q an.
interfere with The powers Of any STATE 10 create
o control corporatlonS- Inc HGr's ladi IND II thai
conditioned as 70 prevent stock watering anu '! IA.
when the corporation controls ~ per cent OF me
reasonable plan? VIII YOU discourage industry II
you confine the sales OF any one corporation 10 one
half the people OF The United StateSE
Leading up 10 this. Mr.. Bryan said that trusts
were not new, that he had learned Of a man named
John who had monopoly Of olive oil in Palestine
seventeen hundred years ago 4 wonder If our
John ever heard of the John Of PALESTINE said
Mr.. Bryan
The audience seemed amused when Mr. Bryan
gaia that Secretary Taft had reached the point
where he thought it might be well TO put one or
two trust magnetes in the penitenuary. Don [
laugh my friends" said the speaker 1T repre-
eents great concession. I believe the time has
come "a enforce the law against trusts and trust
magnates. Nothing makes anarchy so rapidly as
the severe enforcement of law against small Offend
the refusal TO enforce the law against large
offenders"
Again declaring that he had never meant to ad-
vocate immediate only ultimate ownership OF
railroads in his Madison Square Garden speech OF
q year ago, Mr. Bryan said the issue now was
effective regulation" on this he said:
Is It not time 10 ascertain what railroads are
worth-to find out through state ana ntilohn
bodies just what they WORTH Ihey claim 10
be so much OF a public institution as to borrow a
right of eminent domain from the state: We want
a reasonable rate; we want TO stop the ISSUANCE
tion. I used to be called a dangerous man a man
trying to destroy property rights -EoW II Is i ,
that the destroyers OF propertZ are me lsiIlllu
Iators who rob stockholders. These are the men
honest wealth. In the interest of the widow and
the orphan demand that the stock of railroads be
1s first and nropertv ifterUarl You can't
protect property rights by destroying human rights
i is time for the small business man TO come out
fight against predatory wealth
Railroad rates should be reduced as TO give q
reasonable return on honest contemplation sl.lll
define such a rate that would keep the stock
ei1oS local business conditions to determine how
large the should be The time has come When
the innocent purchaser OF stock-he can find out
1F1 Low al
rigIt of the stockholder 70 a reasonable dividend
Starting out with talk on the average man."
the one who makes up the common people Mr.
Isrvan took up one class after another which he
said should De ranked with the common people
fla farmer the mechanic, the merchant, the physi-
clan and the lawyer. When he mentioned the lat
Ter the audience laughed.
Don't laugh my friends" said Mr.. Bryan. why
IS it that some people always laugh when you say
anything about the lawyers? am going to defend
the lawyers right TO be IN this class. for he is the
champion OF ideas all over the world"
OF the Oklahoma constitution Mr.. Bryan said
that it was the best constitution in the country,
not excepting the Constitution Of the United States.
Then 1t was that Mr.. Bryan brought UP the news
papers. he said:
reasons. one is because caS't fnd ON, ON b o Nv
OF them are. It IS OF the calamIties Of the
day that so many-not all-of great metropoli-
not known. II IS calamity that so many-not
Hll-aI6 run NOT as newspapers business
lTlses. but as adJuncts 10 exploiting enterprises.
i is a calamity that so many-not all-are owned
by men who hire brilliant editors 10 chloroforrn
their readers while the pockets the readers are
picked have been quite definite in my statement
because when made somewhat similar statements
was quoted as saying all metropolitan papers
one OF your papers has asked me for proof.
shau rot give It. first because q self-eyideut fact
Goes not need any proof, ana, secondly, ] do not
want 10 enter into a newspaper controversy
have received information that many Of theea
papers are owned by men who own them 70 de-
ceive NE publc, while the public is being ey-
plotted by the owners OF the papers. I have re-
le1G ma to he1fc
columns Of some papers here and IN other cities
cooper Union was filed. and several thousand
could not get IN. James J. IIagan, Tamuanv lead
az OF the 10Th District Bryan admirer who intro
ouced Augustus Thomas as the presiding officer
said that the Democracy of the city and state was
true 10 Bryan. despite all prOtestations Of Demo
cratic poItcans and editors from Buffalo and Call
1orIla. NO other Tammany men of prominence
We're in evidence Charles +. NUrphv and Navor
Mcclellan declined invitations the plea OF 'pro-
eugagements." i
BRYAN NOT TO ADDRESS NEGROES.
Macon. Ga, Oct civilian J. BRYAN. who wa