The Montgomery advertiser., 1908-03-25

SPEAKS lSAIN
Is Opposed = Aldrich
III
DOMINATyS OF INDUSTRIES
Names Wealthy Men Who Control
the Country.
Mr.. LaFoiIette Made strong Appeal TO
Progressive Men In. Senate to
stand Tcgethcr and Beat
the Bni.

conclusion of Senator LaFollette's
speech on the Aldrich currency bill, in
the Senate today. a plan was decided
upon by which Senator Aldrich will
tomorrow move to take up the bill and
continue its consideration until 1t has
been disposed Of
Mr.. Aldrich also asked for unanl-
nous consent to take up the bill to-
morrow and to dispose OF 1t before adj
journment Thursday, but to that prop
osition Senator LaFoilette objected on
the ground that ha feared debates
would be curtailed by such . proceed
ure.
The coIioquy which resulted in this
announcement. followed the conclusion
of the third and last installment of
Senator LaFoliette's speech In. opposi-
tion to the Aldrich bill. He spoke for
two hours. ResunfdnE his speech Mr..
LaFoliette declared that his statement
that the industries Of this country
were controlled by less than one hun
dred men, had been attacked as sensa-
tional. Declaring that such was not
the case, he said that he had been too
conservative and that in fact much
smaller number Of mon dominate the
industries.
along with this enormous increase
In trust power has gone a steady pro-
cess Of Capitalization in the control of
that power. Until now the entire sit
uation is dominated by the Standard Oil
and Morgan combination he declared.
the old fights between these two
great powers have been laid aside. Mr..
Morgan's picture adorns the wall of the
inner room OF the Rockefeliers at 2s
Broadway. In combination today they
are working together TO gather In the
smaller powers. Mr.. Hill has been
taught that he must not oppose the big
ones. Standard OIL got on In the great
Northern ore deal. The. Gould inter-
ests are being swailowsd up BY the
coinhtne. Morse and Hainza werb neat
~ pocketed during the recent panic.
The smaller trust. was given a dub
bling and started In the same direction.
3 The Xanderbilts can M longer 4ratalr,
their independent control and them
selves ses the handwriting on the wall.
Growth In Trusts.
The Senator quoted John Moody to
SHOW an enormous growth In trust
combination and capitalization in four
years. In 1904 Mr.. Moody placed the
capitalization OF the industrial fran
chises and railroad trusts at over 500
100000, 600; that amount had Increased
more than sill, 900.0OO,00 or more than
So per cent. The $4,000. 900, 600, he
combinations, banks. trust and insu-
rance companies
Mr.. LaFollette read several lists OF
eminent anancters to whom he accord
"a various degrees of power In the con-
troll OF Industries. lie included Sena-
tor Depew of New York, as among
those who exercised large power and
held many directorships In the form Of
delegated power exercised by them in
q mere representative capacity. Mr..
Depew was in hist seat and general
laughter followed.
Mr.. LaFollette named as next after
Morgan and the RockefelIers, a sroun
of fourteen men whom he said We're
big operators and men Of large power
and interests in their own rights"
These men, he said, find their best in
terests ain working in harmony with
Morgan and Standard OIL" No combI-
nation which they could form among
themselves or others could cope with
that power, he declared. In the list OF
fourteen he placed the following:
w. X. Vanderbilt, August Belmont,
Frederick Weyer. Henry C. Frick, J.
Ogden Armour, George J. Gould. Jacob
Schih, E. II. Hartman, Thomas +.
Ryan, Louis S. Swift. John Jacob As
tor. James Speyer. James ]. Hill and
W. H. Moore.
A second class of men in the list |
were the stars of lesser magnitude"
but men of wealth and power VINO |
work in the combine and a few of the |
higher rank of attorneys and bank |
presidents Of the system This group |
follows:
c. H. Dodge. c. H. Mccormick.
Stephen S. Palmer. Braytop Ives, q. A. |
Peabody, G. F. Baker, J. r. Dryden, |
j. S. Post. H. Taylor Pyne. r. H. Hub |
bard. @. G. Haven, w. ]. Oakman. +. |
]. Berwind. j. B. Duke, r. A. Valen-
tine. w. D. Sloan, Adrian Iselin. Jr.. |
Frederick Cromwell @. w. Young, C.
Ledyard Blair, d. Guggenheim. v. p. |
snyder. A. H. Brady, Edwin Hawley, |
D. o. Mills. Charles Steele. John J.
Waterbury, Oliver AHnes, Nathaniel
e. H. Gary. John Clifton, John
r. Hagenan. c. II. Mckay, F. w. Van
derbilt, ]. ]. mitchell. T. J. Jefferson
Thomas Dolan. Samuel Lea,
Charles Lanier. James c. Fargo. D. ..
Reid Henry Walters, Norman ID.
Ream, H I. Higginsson. p A. y.
Weidner. and F. B. Morris.
OF the third group including the
balance of the lists Senator Lafollette
said:
Delegated Power.
while some Of them exercise large
power and held many directorships, IL
was q delegated power exercised by
them in a more representative capae-
Ity."
Mr.. LaFollette argued that the Al
drich bill would serve to strengthen
this great money power of Wall street
He criticised the failure of committee
on finance in not keeping bank re-
serves in the vaults of the banks
the country.
Mr.. LaFollette concluded his speech
with a strong appeal to the progress
sive men," in the Senate to stand to-
gether and beat the bill. He spoke of
The activities of the President and MIR.
Bryan in combating with wrong do
Ing among high financiers.
Whatever difference there may be
in party politics or personality be-
tween the President and Mr.: Bryan.
they are striving, each in his own
way, for certain fundamental truths.
Whatever mistakes MFR. Bryan may
nave made in policy. whatever mis-
lakes the President may have made in
legislation, they are
in by the people because they
- d~hftnbv 20 Vreeerya 4