Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1908-03-19
). THURSDAY. MARCH 10. 1908.

40 not SJanQ 1OT some people VINO
call themselves Democrats. Gap
plause.) Whether the revision that I
stand for is considered radical or not
is a question of opinion. | stand for
immediate revision. will have 1t
tomorrow If l can't get it to-day.
(Laughter) / would rather have had 1t
yesterday than to-day. Great laugh
ter.) Now as to that word radical, it
is a matter of opinion. / used to be
radical. Now am very conservative.
(Laughter.) What people thought was
radical few years ago is now regard
ed as not only conservative but neces-
sary. (Applause.) l believe in the i'm
mediate revision of the tariff, down
ward not upward, and | would COM
mence by putting upon the free list
the articles that come into direct COM
petition with the articles controlled by
the trusts. Great applause.) I would
give these men certain length of
time-not too long, (aughter)
few months, and would say to them:
IF you don't stop conspiring behind
this tariff wall we will take the wall
away and maheSyou compete with the
world" (Great applause.) l would then
proceed to make material reductions
in the necessaries of life, and l would
pick out the fraudulent paragraphs
that were put in by stealth for the
purpose of securing advantages that
even the trainers of the law did not
understand, and one of them would be
the duty of 150 per cent that was put
in for the protection of oil, after it had
been put upon the free list II you
read the statute. you will find 1t says
that If oil comes from a country that
puts tariff on oil, then we shall put
a similar tariff Oh oil from that coun-
try, and 1t happens that our only COM
petitor in oil is Russia; she puts tar
iff on oil, and therefore while on its
face we have free trade in oil, yet
really we have not got it at all. Cap
plause.) l would then proceed to make
such other reductions as were pos
sible-and when I say possible, I
mean that the laws are made by the
representatives of the entire country,
and In the making Of the law you
have to consult the opinions of these
people who represent all sections of
the country-and l would proceed as
rapidly as possible to make such re-
ductions as would be necessary to put
our tariff upon revenue basis, so that
our tax laws would be made for the
purpose of securing revenue for the
government and not for the purpose of
enabling few people to get rich at
the expense Of the rest of the people.
(Applause.)
@. You said that the proposed as.
set currency would give us a no-cent
dollar. Is this fair statement, in
view of the facts that assets worth
dollar for dollar and guaranteed by
national banks will be held as secur-
ity for it?
A. I am permitted to use the Ian
guage of my opponents and they
talked about the silver dollar as So
cent dollar; they said that if you melt
ed it it was worth only so cents. Let
them apply the melting test to their
dollar and find out how much it is
worth. (Applause.) The silver dol
lar was never 50-cent dollar. 1t was
a 1O0-cent dollar, because the law de-
clared that you could use it to dis.
charge your debts at 100 cents on the
dollar. People were quite indiscrim-
mate few years ago. (Applause.)
@. Has not President Roosevelt
taken the wind out of the sails OF
, everybody except socialists? Then,
where is the room for Bryanism-De-
mocracy?
A. l am not sure that l can answer
| this question to the satisfaction OF
7 the man who asked the question, for
: he evidently believes that the pTesi-
r dent has done everything that can
be done by anybody or any party eX-
: cept the Socialist party. I DO not
agree with him at ALL The president
5 has tried to do some things. He has
: not tried to do everything that ig
+ necessary. For instance, he has not
i
t tors by direct vote of the people, and
t that is very important reform. And
he has done some things that | do
not think he ought to have done. But,
t my friends, the leaders of his party
t have not assisted him to do even
D what he tried to DO. (Applause.) And
, so far most of his recommendations
have not been acted upon.
b @. When you speak of "watered
. stock" as not representing property,
g do you or do you not recognize good
! will as being as valuable a property
as Is mere tangible property? Would
S you confine stock issues to actual
n tangible property?
y A. | think the question a fair one.
t There is such q thing as good will.
y If man has built up;a business
d and established trade and wen the
= confidence of people, his business has
/ a value larger than the mere tangible
t property would indicate. But you
: will find that good will is not large
;, factor in the monopoles that have
n been established. That good will
l. is preserved under competition. What
a we complain of is not the capitalizing
o Of little good will, but It is the cap
n italizing of the power to rob the pub.
= lic--the good will of the public is q
Il thing that trusts have not yet cap.
J italized.
S @. You have condemned the stock
e exchange in toto. Don't you recognize
e the fact that millions of securities
d that are gilt edged and solid are
e bought and sold there every week on