The Denison review. [volume] (Denison, Iowa) 1867-current, 1912-05-01

was able to keep down the price Of
oil and keep down the demand for
crude oil. Now it has lost control and
the market will follow the law of sup
ply and demand.
Defends Tobacco Decision.
an respect to the tobacco decree
which was entered by the circuit court
the effect of the division of the tobacco
company into several competing COM
panies is already seen. One of the
of Burley tobacco, by reason OF the
suppression OF all competition in its
purchase, had gone down so that no.
body could raise it with profit in
Kentucky. That gave rise to the night
riders and the forcible suppression of
the planting of Burley tobacco.
To-day. due to the presence of the
various companies into which the
trust has been divided, each seeking
supply, there is a greater competi-
ton for the purchase of tobacco than
ever before and prices bid are higher
than in years past.
"Mr. Roosevelt proposes to abOl-
ish the antitrust law and then to reg
ulate combinations and not to destroy
them. Mr.. Roosevelt's description of
what he is going to do is descrip-
ton, not of constructive plan,
of what he proposes to accomplish;
but it all comes down to this-that
by some sort of executive tribunal
he is going to decide as between diff
ferent trusts; that one is good trust
and another is bad one; and he is
going to smash the bad trusts and he
is going to protect the good trusts.
He gives no other guide than that of
Executive discretion, which really
amounts in the end to nothing but the
establishment of a benevolent despOt-
ism.
Denies Influence Of Interests.
40. With characteristic holiness
and lack of facts or evidence, and
resting on his false and distorted con.
struction Of my language as to gov
!ernment by a representative part of
the people, Mr.. Roosevelt charges that
| stand for the so-called interests and
special privileges. If nothing else
would serve, the record of my admin
listration as to suits against railways
to stop increase of rates and suits
against trusts of all kinds to dissolve
them and to punish their directors
must show to fair minded public
that this administration has no favor
ties among lawbreakers or those seek
ing special privileges.
Menace to Business Community.
| III. One of the real reasons why
Mr.. Roosevelt ought not to be select
ed as candidate of any party is the
natural distrust that the whole bust
ness community will have in respect
to the measures which Mr.. Roosevelt
will propose in order to effect revo-
luton in the interest of social justice
which he advocates so strongly and
defines so vaguely.
1T is true that under the inspira-
ton of the filing of the bill against
the steel trust he took such strong
ground against the antitrust law that
for a time some of the big business
community approved him; but when
he went to Columbus, while he used
these same expressions in order to
hold this element to his support, he
at the same time advanced such rad
llCdl views DIS " Vic SIldI6C VI tAS
fundamental principles of our govern
ment that the general business COM
munity lost sight of his promise to
avoid injury to big business and could
only contemplate the danger to the
security of all business by his threat
ened undermining of our constitution
al government and his attack upon
the independence of the judiciary.
Third Term Pledge Violated.
"My fellow cities, ! am here to
discharge one of the most painful
duties of my life. | am here in re-
spouse to an obligation that l owe to
the republican party which selected
me as it's candidate, and to the Amer
lean people who elected me president.
1t is of such a high and eXacting char
acter that cannot escape it. 1t grows
out of phase of national politics and
national life that I believe to be un-
|precedented in our history.
"Mr. Roosevelt ought not to be NOM
mated at Chicago, because in such
nomination the republican party will
violate our most useful and necessary
governmenta tradition-that no one
shall be permitted to hold a third pres.
idential term. Mr.. Roosevelt fully
recognized this tradition in Novem-
Der, 1904, when on the night of his
election he said:
"I am deeply sensible of the honor
done me by the American people in
thus expressing their confidence in
what l have done and tried to do.
Appreciate to the full the solemn re-
sponsibility this confidence imposes
upon me, and shall do all that in my
power lies not to forfeit it. On the
4th of March next shall have served
three and half years, and this three
and half years constitutes my first
term. This wise custom which limits
the president to two terms regards
the substance and not the form; and
under no circumstances will / be a
candidate for or accept another nomi-
nation.
Doubt on Other Pledges.
"He now says, although his Ian
guage does not bear such a construc-
ton, that he meant he would not ac-
cont a nomination for a consecutive