Arizona republican., 1908-03-25
WARNING BY WILLIAMS
 TO THE REPUBLICANS
Continued from page 1O

He declared that such was not the case. He said he had been too con servative. and that in fact a much smaller number of men dominate the industries Along with the enormous increase of trust power had gone steady process of standardization of control and power, until now the entire situation is dominated by the Stand ard Oil and the Morgan combination he declared.
 Said he: The old fights between the two powers have been laid aside. Mir Morgan's picture adOrns a wall of the inner room of Rockefeller at 26 Broadway. In combination today they are working together to gather small powers. Hill has been taught that he must not oppose the big ones. Stand ard oil got in on the Great Northern ore deal the Gould interests being swallowed up by the combine, and Morse and Heinze were neatly pOck- eted during the recent panic. The smel-
 ter trust was given a drubbing and started in that direction. The Wander bilts can no longer retain their New York Central control and they see the handwriting on the wall"
 The senator quoted John Moody to
 show the enormous growth of trust consolidation and capitalization in
 four years. Tn 1904 MT. Moody placed the capitalization of industrial fran ! chises aRd railroad trusts at over s2O.- OOO 900 900. That amount had increas- ed more than eleven billions. or more | than 55 per cent Eighty-One billions | be said did not represent financial combinations of banks, trusts and in surance companies.
 LaFollette said there were several 1 lists of eminent financiers to whom | he accorded various degrees of power,
 the control of industries. He includ- | ed Senator Depew. as among those
 who exercised large power and held many directorships. form of delegat- | ed power exercised by them in a mere representative capacity. MT. Depew
 was in his seat and general laughter | followed the member of his name. | LaFoIlette named as next after Nor gan and Rockefeller q group of four
 teen men who he said were big oper- lators. men of large power and inter- ests in their own rights" These men
 he said. Find their best interests in working in harmony with Morgan and i Standard Oil" No combination which
 they could form among themselves or with others could cope with that pow | CT he declared.
 In the list of fourteen he placed w | K. Vanderbilt, August Belmont, Fred
 erick Weyerhauser, Henry C. Erich, J. ogden Armour, George Gould, Jacob Schiff F.. H. Hartman, Thomas F,
 Ryan. Louis $. Swift, John J. Astor
 James Sheyer, J. J. Hill and w. H. 1 Moore.
 The second class men in the list are
 stars of lesser magnitude" but were
 men of wealth and power who work | in the combine. and are attorneys and 1 bank presidents of the system. Of
 the third group. including the re-
 mainder of the list, Senator Lafollettc ! said: While some of them exercise 1 large power and hold many director ! ships, it is a delegated power exercis- 1 ed by them in mere representative capacity" Mir. LaFollette argued that
 the Aldrich bill would only serve tC l strengthen the money power of Wal street. He concluded his speech with
 strong appeal to progressive men 1 of the senate" to stand together and ! beat the bill.