New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-10-27

persons saw the parade steady pour OF nfe-
works lighted up the line of march. Juose
Taft was seated in automobile with r. n. L"
Ebstein the grand marshal He was forceo 10
stand I'M and wave his hat almost all the way.
while the crowd shouted 1.-The next President
CLERMONT RINK SPEECH
When Mr.. Taft entered the Clermont Avenue
Rink the pent-up expectancy of nearly an houi
broke loose in a ringing wave Of applause from
more than four thousand men and women, ana
the candidate. looking warm but vigorous
smiled with pleasure then shook his head and
said that 1t was surely strenuous life they
lived in Brooklyn When he made terse COM
harrison between the work done by the Repub-
Iican party since the election of Mckinley with
the nostrums put forth by the Democratic party
from time to time. there was another prolonged
cheer. Mr. Taft said:
I believe that upon the issue of this election
viii depend the question of whether we are to
recover the prosperity which we had more than
a year ago and which lasted for ten full years,
or whether to have four years more Oh
financial depression.
MIR Bryan calls the panic which we had in
October a Republican panic. Be 1t so IT oc-
CURED in a Republican administration As
p2niCS go, am willing to compare II win the
panic that had from 1893 to 1891. when
occurred in a Democratic administration ana
was a Democratic panic They nave not hao
panic west OF the Mississippi River yet. spoke
of it in a campaign / have been making but
they did not know exactly what [ was taking
about. Therefore / did not enlarge upon 1t, but
there were some places in the country where
found il; 1t was q panic IN spots but IL was d
panic
That financial depression will spread unless
there is restored the confidence of the investing
community Of Europe and this country IN our
business future And the question winch we
have 10 solve is whether it is going 10 cohouce
TO that confidence, whether it IS going to Ieaa
people of ordinary business sense TO believe that
business will be better and more assured IL we
put into power Mr.. Bryan and the Democratic
party Now, is it possible that party and a
leader who have advocated everything that Is
economically wrong for twelve years can be IN
troduced into power as a means of inducing
the confidence Of business men in our business
future Well, then. what is the use OF rea-
soning with you on the subject
CORPORATE ABUSES.
There came out in the prosperity that attended
US evidence Of corporate abuses. evidence of the
laWlessness Of railroads. all of which tended to
the increasing Of illegal monop0es This caused
a moral awakening among the people The ex-
ponent of that moral awakening Theodore
Roosevelt he called upon Congress to assist
him with legislation. and Congress responded.
and thing that I want to emphasize, because
it is not emphasized enough, is fact that in
the four years of this administration we nave
made d stride toward the stamping out Of abuses
that it is hard to OyerState.
Railroads have ceased to have rebates, have
ceased TO discriminate unlawfully, and thereby
has been killed the nstrumentaIity by which
illegal nonopoIies were built up. To say that
possible in the Of one or two or three
years feeling that it could be stamped out
through the exercise and self-restraint on the
part Of the people themselves in so short time.
IS TO state something OF which the government
and the people OF the United States have reason
to be proud The independent competitors Of
these trusts formerly engaged in illegal attempts
at monopoly have grown in number and do bust
ness better and freer basis than ever before.
do not mean to say that this work has been
completed. Vigilance is always necessary, lest
fall back into old practices. We must give
the Executive a stronger arm We must give
i'm six QF1I placvN
bureaus, but the way that we can avoid these
abuses is by hard work. by attention to them
and constant prosecution Of them There is no
royal road to virtue, and when man comes
forward and suggests a remedy by which the
evil which has grown up with years and finds
us 1oundatlon IN the weakness OF human nat
ure, IS to be wiped out overnight, may count
upon it that the remedy is quack one.
Governor Woodruff tells that l have got
another meeting and 1 have got to 60 but
am going TO enforce this point, whether I have
got TO go or not and that is that Mr.. Bryan
says that the way to get rid of the trust evil is
twofold One is to take off the tariff on trust
made articles. Well, that will destroy the trusts
all right that depend those articles and also
VIII destroy every independent competitor. Will
drive them out Of business. and out Of a liveli-
hood, and the millions of workmen that depend
on the trusts and depend on independent COM
petition.
REGULATE, NOT KILL, EVILS.
Now. our theory is that that evil is TO be
stamped out by hitting at the evil. not at the
business in which the evil has grown M In
Their words. that we are to regulate them and
not To kill them. On the other hand he proposes
that We should cut of with an axe all those
plants that produce than 30 per cent of
the article Well. plant will produce 20 per
cent Of one article and 40 per cent of another
and 80 per cent of another, and it would seem
If he thought you could put an axe in and
cut off l. Of a factory here and an I,
OF q factory there and part Of a main build
ing there.
Well, that is not the way things can be done
and il does not strike at me real evil, for YOU
can have \ factory that produces only 20 nor
cent that VIII violate the anti-monopoly statute
whereas factory that produces 90 per cent may
be conducted on strictly legal lines. In other
words, he is flying at something that is not the
evil and he has adopted arbitrary and i'm
practicable method.
Now. l wish enforce the argument ] all
ready made that. with his impracticabIe ideas
and with the ideas heretofore shown to be i'm
practicable, it IS impossible TO expect that good
business. that prosperity. will follow Bryans in
stailation in Office. Therefore he ought not 20
be elected.
Senator Depew spoke just before Judge Taft
arrived. He said:
I will not now discuss the question of govern
nent ownership OF railroads and the farreaching
effects Of such policy upon Civil Service and
the efficiency OF our transportation system While
| MI Bryan says that matter wait awhile it
we known he gives a theory but
in TO possible