Show COLONEL RECIES RECITES j j POLITICAL CREED re Delegates Listen to Opinions 9 T Party Pary Must Adopt if He HeIs HeIs HeIs Is to Lead it it MANY ECONOMIC CHANGES I Long Speech Before Convention Convention Conven Conven- I tion Leaves Many Still Sti Puzzled Puzzled i as to His Meaning Continued from Page Eight that are indispensable to the highest InE In- In r E productivity and efficiency Quotes QUote Dr Yon Van JI HUe An important volume entitled Concentration Concen and Control has Just been issued b ty by President Charles R. R Van HI of tho the University of Wisconsin ln The University of Wisconsin has been more mor Influential 4 than tha any am other agency in making Wisconsin Wiscon- Wiscon sin what it has become a 1 laboratory for wise social and Industrial experiment In Inthe wis the betterment of ot conditions President Van IliSe Hir is la one of tho those e thoroughgoing but sane and intelligent radicals fromI from flom I whom much muc of or leadership Is to be expected expect expect- ed In such a a matter mater The title sub sub tto of his book bok e shows that his endeavor or is to turn the attention of his countrymen towardS toward S practically solving the trust problem of or the United States In his preface he states that his aim aim Is to suggest a wa way to gain tho the economic anta ad advantages es of or the concentration of or Industry and at the I same me time to guard gard the Interests ts of tho T. T public and to assist In the rule of enlightenment en en- reason rason fair play mutual I consideration and ad toleration tolerton In sum tum he heI I shows that unrestrained competition as nn M economic principle has become too destructive e to bo be b permitted to exist an and that the small men must be allowed to operate co-operate under penalty of or succumbing before co their big competitors and yet ruch uch operation co-operation c vitally necessary to the small smal man map Is la criminal under the te present law He e Ea says Law Much Violated d. d With the alternative before the tho busIness business bus bus- Wit iness mess men of or operation co-operation co or failure wo we may bo be sure euro that the they will wi op co crate erate Since the law is violated b by practically every group of or men engaged engaged en en- In trade trado from one ono end of of the country to tho the other they do not flOt feel that count In combining te they are doing a amoral amoral amoral tat moral wrong The selection o of the In Individual tn- tn or corporation for depends upon the tho arbitrary choice of ot ton the general attorney perhaps somer somewhat some some- what by the tho tho odium which 1 r attaches to some of the violators of or tho the law They all al take their chance hoping that tho the blow will wi tall fall fal elset else- else t where here With Wih gen general ral violation and andt sporadic enforcement of or an Impracticable t law we cannot hope hop that our people will wi gain respect for ItIn It i. i In conclusion there Is presented as tho the solution of ot the difficulties of tho the present Industrial situation concentration concentration concen concen- coo operation co-operation raton and control Through concentration we c may have havethe the economic advantages coming from 1 magnitude of or operations Through co cooperation cooperation cooperton co- co operation we may limit the wastes of or orthe the competitive system Through control control control con con- by br commission we oe may secure freedom fredom for fair competition tion of unfair practices conservation ton ot of our out natural resources fair wages good social Bodal conditions and reasonable prices Concentration and operation co-operation co In In Industry Industry industry In- In In order to secure efficiency are area a world wide movement movement The United United Unit Unit- ed States cannot resist It i If U we Isola isolate isolate iso Iso- la late ee ourselves and Insist upon the tho subdivision subdivIsIon subdivision sub sub- division t of Industry below blow tho the highest economic efficiency and do not allow alow operation co-operation co we wo shall bo be b defeated Inthe Inthe in inthe the worlds world's markets We Vc cannot adopt an economic system less lesa efficient than our great competitors Germany German England Eng Eng- land Franco France Fanco and Austria Either Ether we must modify our present obsolete laws rc regarding concentration and cooperation opera co tion ao 80 o far as to conform with tho ton world movement or else fall fal behind In the race r for tor the tho worlds world's markets Concentration and operation co-operation co are aro conditions Imperatively essential for industrial advance nd ance but If It we oe allow alow there concentration and o co-o operation co-operation raton ther must be control In order to protect the people and adequate control is 19 only possible through h the administrative commission Hence Henc concentration co cooperation cooperation co- co operation and ad control pro ire the ke key keywords keywords l words for a 1 scientific solution of th the mighty Industrial problem which now confronts confront this naton nation Criticize Demo Democratic Platform In his main thesis theIs President Van Hise Is unquestionably right Tho Tue Democratic platform offers nothing In the tho way of remedy for present Industrial conditions except first the tho enforcement of the antitrust anti anti- ant ant- trust law law In a fashion which which if words mean anything means bringing business to a standstill and second the Insistence upon an archaic construction of the states states' rights In thus dealing with interstate commerce commerce-an an insistence which In the first place Is the most flagrant possible violation of the tho constitution constitution con con- I to which the members member of tho thoI Baltimore Ba convention assert their de devotion de- de voton and which in the next place nullifies and nd makes an empty pretense p of their first statement The proposals of tho the platform are so conflicting and BO so 10 absurd that It Is hard to 10 Imagine how an any attempt could bo be made mada made in good goor i faith to carry them thorn out but but if IC such attempt were sincerely made It could only produce Industrial chaos Were ere such euch an attempt made every man who nets acts ets honest honestly would have something to fear tear and yet no great eat adroit criminal i ablo blo to command th tho advice of the best corporation 10 lawyers would have havo much S. S to fear rear j. j Directly Direct the Che he What hat Is needed 8 s action acton directly r tho the reverse of that thus confusedly indi- indi t We 0 Pro Progressives eA stand for tho the F f f t rl rights of the people When rhen these rights can beet best be secured d by Insistence e upon I L states state's rS rights then thon we are for fOI stats states f tights when they thoy can best be he secured r r t b by insistence upon national rl rights Ms then L I wo are for national rights Interstate r commerce can be effectively controlled only by the nation The Tho s states ah R cannot naton control It I th the constitution and to amend tho the constitution h by giving th thin them m control of It would amount to u a dl dissolution of If f tho the government The worst of ot the tho big trusts have hav always S 'S en endeavored en- en to keep heel alive th the fe feeling in favor tavor of having tho thu states themselves ts and not the nation naton attempt to do this work because the they know that tha In thu the Ion long run such effort cHart would i be There Thre is ig no o surer wn to pro pro- vent all al successful effort to With the than titan to insist that they wih bo be dealt with wih by tho the states slates rather than han h by 13 the cation ton or to create a a. conf conflict be be- tween the states and th thin nation on the subject The well veIl wel meaning Ignorant man who advances such a proposition does as much damage as If t h he w Was 3 lured hired b by the tho trusts themselves for h he is playing the Jam garon of oC ever every big bis big corporation in the tho country Th The only effective way In which to regulate th the trusts is through the he exercise of or the collective power of our people u a as a whole hole through the tho governmental agen des cies ciet e established by tho the constitution for this ver very purpose Grave o injustice in 13 done by the Congress when it falls fails tc to give Alvo the national government ov complete power in this tills matter and still graver injustice b by the federal courts stI when the they endeavor In an any wa way to pare para down tho the right of the p people Ople collectively to act in this matter mater a as thc they deem wise tC I such conduct does J itself olf tend to cause the tho creation creaton of a twilight zone zono In which neither the nation nor the states have o po r. r For Fortunately the tho federal l courts ourt have more and more o of recent recen t years cars tended to adopt th truo doctrine which is that all aU these later matter are to b bo set set- tIed ted b by the people hems and that the con conscience clence of or the people and not tho the preferences o of an any servants of thin tho people Is to be bo the standard in deciding deciding ing what action acton shall shaH be taken by th the people As s Lincoln phrased It The question queston o of national power and stute rights as a principle is no other than tho the principle of generality and locality Whatever er concerns the whole should be confided to the whole whole whole-to to the gen gen- en- en oral government wl Ule lie whatever concerns concerns con con- on- on cerns only the state should bo be left ler ex exclusively exclusively ex- ex clu to the state stale Must Have c Something El thie It Is utterly hopeless to at attempt to control the trusts merely by the antitrust anti ant trust law or by Rn any law w the same in principle no matter mat r what th the modifications ca lons may b be in detail In th the tho first r t place these great corporations lannot posSibly be controlled merel merely bv r a succession of or law suits ul The branch of ot tho government so mu must t exercise such uch control control Tho The preposterous ous failure of the commerce court has hns shown that only oly damage conns from tho the effort cHort to substitute judicial for Cor administrative ad ad- control of oC great corpora corpora- tons In the next place a loosely drawn law which promises premises to ilo 10 everything every every- en c thing would r business to complete complete com coin ruin If It it i wore were not also o drawn ne ns to accomplish almost g. As construed by the Democratic plat plat- form torm the tho trust anti ant law would woul If It it I cOU could be enforced abolish all al business I of or any am size or efficiency The promise i thus to apply appl and c construe n true trio law would undoubtedly be broken but th the mere mero fitful effort thus to apply apphy it would woul do no good whatever cr would accomplish widespread harm and nd would bring all ril trust Ic legislation into contempt Contrast Contrast Contrast Con Con- what has actual actually been under tho the Interstate commerce law han with wih what has hat actual actually been ac accomplished ac- ac under the an trust anti tru t-tru t law taw Tho The first has cm on the Mic whole worked wO ed In Ina Ina Ina a highly efficient manner and achieved r aChl real and great results and It promises to achieve even en greater reater results al although although al- al I though I firmly 1 believe that if the power pOWEr of or the tho commissioners grows gr greater fler it will wil be necessary to make them and their superior th tl the president president pres pros ident even cen more completely re- re possible to the people for their acts Tho The second ha ta has occasionally occasionally occasion occasion- ally done dono good has usually accomplished pUshed nothing has generally left lef the tho worst conditions wholly hol unchanged and has been responsible for a con considerable amount of or downright and positive evil C 1 For Industrial Commission What is needed Is the application to all Industrial concerns and all al cooperating cooperating op co Interests engaged In Interstate commerce In which there thero is either monopoly mon mon- opol or control of the market of or the principles on which we have o ha gone In InI regulating transportation concerns en engaged engaged engaged en- en I In such commerce The trust anti trust ant law should be kept on the statute books I and strengthened so n as to it I genuinely gen gen- gen and thoroughly effective against every big concern tending to monopoly or guilty guily of oC social anti ant practices At Atthe Atthe Atthe the same sara time a L national industrial commission should hould bo ho created which should have complete power to regulate regu late lato and control all al the great industrial concerns engaged In Interstate uusi- uusi l- l which ness which practically means all an of them in this country This his commission should exercise over o these Industrial concerns like powers to those exercised over tho the railways b by the Interstate commerce commission and over the na national national na- na tonal banks h by the comptroller of the currency an and additional powers if It found necessary The establishment of such a commission commiSsion commis commiS- sion would enable us to punish the Individual in individual individual In- In rather than titan morel merely tile the tle corporation corpor corpor- atlon aton Just as wo we now do with banks whore where the aim of or the thc government Is not to close chose the bank banle but but to bring to justice cose personal personally an any bank official who has gone wron wrong This commission slon should deal with wih all al the abuses of the tho trusts trusts all all the abuses such as those developed b by the government suit stilt against the Standard Oil 01 and anc tobacco trusts trusts trusts-as as the thc interstate commerce commission now deals with wih rebates It I should have complete completo power to make the capitalization absolutely honest and put a stop to all al stock watering Such supervision over the issuance of corporate corporale corpor corpor- ate ale securities would put a stop to exploitation ex ex- of or the people b by dishonest capitalists desiring to declare dividends on watered securities and would open this kind of oC Industrial property to ownership ownership ownership own own- by tho the people at large It I should have free tree access to the books of each euch corporation and and power to find out exactly how It treats Its Is Its is rivals and tho the general generl public It I should hould have power to compel compol tho the un unsparing publicity of all an the tho nets acts of any corporatiOn corporation corpor corpor- atOn which goes wrong The regulation regulation regula regula- tion ton should bo be primarily under the ad administrative administrative ad- ad branch of or the government o and not by lawsuit It I should prohibit and effectually punish h monopoly achieved through wrong wrong and als also actual actual actual act act- ual wrongs done b by Industrial corporations corpor corpor- which arc are not monopolies such uch ucha au as the thc artificial raising of prices price the artificial restrictions on productivity the elimination of competition b by unfair un un- fair Calr industrial organizations free within with with- wih- wih in the limits of ot fair and antI honest dealing to promote through the inherent efficiency effi etl- etl elenc of orAL organization the tho pow power r of I tho the United States as a competitive na nation nation na- na tion ton among nations and the greater grealer reater na-I na abundance at home that will vili wil come to our people from that power wisely ex ex- C rc d. d hat Trust to Prosecute under n Any the |