Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-11-02
STEEL TRUST
Investigation Theme Of
McGi|IiCuddy's Speech
Al The Democratic Rally, Friday
Evening, al CiIy Hall.
Governor p'aisted and Congressman
Ansberry Also Among Speakers.

1
| Congressman Daniel j. McGilicuddv
| Of the 2nd Maine District. Congress
| man Timothy r. Ansberry of the 9Th
Ohio District and Governor Frederick
| w. Plaisted of Maine were the speak
! ers at the Democratic rally Friday
| evening, at City hall The first floor
of the hall WAS about half filed ana
! in addition a number of people were
seated in the gallery. Congressman
McGillieuddy was the chief speaker
and he devoted the greater part Of his
| speech to the Steel Trust.
City Clerk Elmer +. Newbert call
ed the meeting to order and introduce
! ed as the presiding officer Governor
| Plaisted. Among those seated on the
platform in addition to the speakers
We're Thomas j. Lynch, Alderman
| Eugene c. Carl City Treasurer Niles
| L. Perkins, kingsbury b. Piper. County
Treasurer John L. Cunningham, May
| or Reuel j. Noyes and Alderman Ward
| e.. Holmes. Music was furnished by
| the Augusta Cadet Band.
Governor Plaisted in opening al
luded TO the Democratic defeat in
| September which he said was ac-
complished by IAN unprincipled all-
ance.n He predicted that Woodrow
| Wilson would carry 40 of the AS states
| and declared that Wilson represented
| the principles believed in by so per
cent. of the people, while Taft rep
| resented those of the other 10 per cent
Roosevelt was an opportunist, who
would have stood on Taft's platform
| had he received the nomination. Gov
ernor Plaisted concluded by reading
| the published appeal of Woodrow Will
son for support.
Governor Plaisted introduced Con-
| gresham Timothy r. Ansberry of the
5th Ohio district, who spoke briefly.
relating several amusing stories, which
| kept the audience III good humor. He
| alluded To the operation which COM
| PEELED him to remain in Maine for two
| months and said that he was glad To
| have this opportunity of passing two
| months in 50 beautiful a State. lie
| paid a tribute to Names great states
| men, Hannibal Hamlin and James G.
| Blaine lie predicted that Woodrow
| Wilson would carry more than ma
| iority of the states of the Union. lie
| admitted that he had been making
| similai, predictions in many other
/ campaigns but this time it was really.
/ The Governor introduced Congress
| man McGillicuddy as Dan Mac, whom
| we ali love- The audience applaudee
| Justify as the Lewiston man arose to
| speak and then stood up and gave MIN
three cheers and tiger.
The speaker said at the outset that
| no previous campaign had ever pre-
| sented questions that so vitality al
| fected the welfare of the average PEG
| ole. 1t was a time when patriotism
| should be placed above partisanship.
1 He quoted the slogan of the old JET
| fersonian Democracy: Equal right to
| all special privileges to none.
| He Diverted a portion of his speech
ia the struggle between Taft ana
| Roosevelt for the Republican nomina-
| lion. In which he declared that the
| president and ex-President of the
| country so far forgot their dignity as
To get down into the smallest kind OF
| noIitical scrapping" He said that all
| the progressives had done to make
themselves Progressives was 10 find
ont what the Democrats have known
| fer % yehrs about the Repupilcah
party. ,,a,u,
| PASSING on to the matter of distrl-
| hutton of wealth in the country. CON
| eressman McGillicuddy declared that
| the question was not so much now
much wealth the country has as VINO
| has got it. "Fifty-one multl-mlllloh-
| airas in this country own one-forteth
| of all the wealth of the country oooo
| man own one-siXth of all the wealth.
| Of the country. and 100000 men owned
/ 70 ner cent. of all the wealth OF me
country, leaving but 90 per cent 600 20 o ',e
| aiyiaad between the other 95'OOV'oVo
| people of the country
| The principal part of the address was
| eiyen over TO the congressman III
| tieation of the Steel Trust lie st''
| cd that the steel Trust was capltailzeo
!, Anru 1901, ut 81 tG2, OO0,0oo, an
amou,t equal in value TO all the prop,
| orty in Maine. New Hampshire anu
| Vermont. j. Pierpont Morgan q -
| ,acaived a commission of $6SOoo,Voo lol
| organizing the company, an aiiiouii.
| aa1,al IN the total valuation of the Guy
| Of Portland. The speaker quoted iie
| bert Knox Smith, United states ooii-
| missioner of corporations, as say me
| that the capitalization OF the oii.s -
| ctotes steel Trust was "one-hah puie
water" THAT is, 100000 900, the 'ota,
,'aIn,tion of the state of Maine a'a
| not represent single cent OF leai
,,onev. when the Steel Trust 20.
nontrnl of the Industry and me iron
ore which they did, they could cha mar.
| anauah on their products to pay nv
aande an the $70O,0oo,ooo of watereo
stock and they did it, he asserte Gu,
| The speaker declared that the s'eel
rr,st sold it's product from IS to 40 per
cent cheaper abroad than at nome Silia
reaped the benefit of the protective .af.ii
besides He declared that the atutuo9
of the Steel Trust had been unaiterapN
onnosed to organized labor and that aiter
crushing out the trades unions IN 'hei'
business they gave their preference 10
| Poles and Roumanians
.orhe attorney general is the ohiy ON.
Ger that can prosecute the trusts ana II
the trusts hire the attorney general 1t ~
| inst as easy for them as for Maihe
liauor dealer to do business with sher-
iff !" Congressman McGillicuddy went on
amid laughter. "The best evidence tlat
Mr. Roosevelt will not do anything TO
the trusts is that he did not when ne
| was President