Pine Bluff daily graphic., 1912-10-09
OlVOHCES TRUSTS FROM GOVERNMENT Perry Belmont Declares Publicity Of Funds Weak
 ems Hold of Business.
< < r s Pn0GRE,SsIVEG
Success of Third Party Would Mean i ndoins oI sii That lias Been
 Bone For Reform.

Aahsas ely. Get, S.-Perry Bel mont he Washington society leader and rest5eu of the National Pub !ieirE Law Assoc atton took a rap at
 b ff-sr7ss5ye Party in speech 2e1e tonight before =the Knife X Fork Club. on ne subect of campaign fund publicity.
 Nz Belmont declared that the ri- um4a ot the Progressive Party thi. Fall would me the andoins of all the orE of the National Publicity Law Aszoefa5 on in bringing about a campaign fund reform and would re- suit in renewing the alliance between corp saeions ana politicians. lis al- liaree said the spsake@. reached S 2qimt4aCfoE in the campaign of 1901 aed= i tae Prog essive Party PreyaiI- d ta3 alliance would be pl4ced quite beHa}J Jhe reach of legislation.
 \ more reactfonary proposition, = affirmed Mir Be.meut .e5uId hardly 2e auvoeated by any folj ieal party unless il is tae still more resc5ionary -n1es za t:oa 5f tse unWritten law a2a .I=5 zls eard erm
 as E t were proposed, i'd ae, alA similar an4esira ing assar= aace and unfailiug inconsistency to coT=et the evils ot the corrnpting se- cEeeg of party funds in president al elections by having as few 9sesiden-
 tal e=oerions as possible or by abol- ing them altogether in .he interest ef President for fife
 NJ. Helmoh called attention to an a14essa delixered ar Gee4ge N. Per kins On Acgust 7th. 1910. Il winch Ae Ric5es the latter as saying, Our 1ers 6onstia0 ion. stas ts with the de- c=az~1!aa, NJ .9e people of the Unit ei States, iu orler to form more acrfee Union. The central thought. Of those men at that time, was to effect a consolidation. To trganize holding company. with tairreen sub $ dars companies 70 create a monop- ely in government in this country, and they did SO. to insure domestic ran6quility, pI0viie for the common defense ana promote the general well are. From that day 0 this when any ReW government ill this country set itself up as such, and grew strong enough to be recognized as such the original holding company took it oyer, absorbed il, and nut it out of business as aG independent government. After this tolding compsny had been in eNf5 snce for some time and had talk ell ever d great many subsidiary com ..aili9s, a difference arose, and some of Iae subsidiary companies declared lhat they hsd the right to withdraw and were going to withdraw, from the hOlding company and set up government of their own. The hold ing egmpany said they could not with lraW, and a mighty war followed, in which the subsidiary companies, who ,ried to withdraw from the holding company, were forced to surrender and remain in the hold ng company. Al most an eXac, parallel has occurred in the development of our great cor ,pcrali0ns.
 "TlGse who join ill entertaining such view of cur Constitution, common ell MT. Belmont, and our dual system of government, and, to whom what they (erm 'big business seems to be sort of fetish, should remember that ours is commercial country and something more, an :n- dustrial country and something more an agricultural country and some thing more. Neither do other wealth. producing agencies include all tae activities or all the aspirations aud ideals of the American people, nor do they represent all the elements cTe- ating the SD Tit of the Naton.'
 Despite the fact that the Belmonts were among those who were bitterly assailed by William ]. Bryan ill the National Democratic Convention of Baltimore, Mr. Belmont spoke in praise of the Democratic leader.
 Referring to the National Campaign of 1908, he said, The Democratic can didate for president in that campaign, Mr. Bryan, has been, since the incep- ton of the movement, one of it's strongest and most influential adVo- cates, has attended the meetings ot tne National Publicity Law Associa- tion, and has repeatedly appeared be- fore Congressional committee in sup port of campaign publicity legisla- tion.'
 Of his own persoual relation to this