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Show PARTY OF PLUTOCRACY So-Called on account of its Prosperity. Republican administration adminis-tration defended. (Hamilton's p, fill Coiillnuol.) , Because the Republican party Is the paity of protection and thice squaie meals a day, gentlemen on the other side have allowed themselves to get Into the habit of calling us the "party of plutocracy." and they have decorated decor-ated some of our leadeis with dollar maiks, and hoins, and hoofs, aud a smell of sulphur. There Is u good deal of political hjpocrlsy about tills custom of jours. So far as 1 have been able to observe, ob-serve, acquisitiveness Is Just about as acquisitive In the Democratic party as It Is in the Republican party. If there Is really any Impropiletj in prosperity, and any of jou are haul enough to cast the II rst stone, there ate several shining maiks in your own paityfrom whom according to the testimony of some of jour leadeis who have latch tinned Stales evidence, jou have actually collected campaign funds. It does not necessailly follow, It seems to me, that because Div es w ent to hell ever) body who Is well oil must go to hell; and It docs not necessarily follow fol-low that because Laat us went to Abraham's Ab-raham's bosom all poverty will congte-gate congte-gate in Abtahatn's bosom; and It does not necessarily follow that any political politi-cal party will be exclusively leprescnt-cd leprescnt-cd in either place. John Mitchell told the truth to the miners at Plttsbuig, Kansas, when he said: None of us Is poor because he wants to be. Theie is not one of us but woTild be willing toaccunitilato wealth and become a capitalist If lie could do so honoiably. And so far as the gentlemen on tho other side are concerned, 1 haven't the slightest doubt that if thej actually ac-tually believed what they talk-that to be a Republican is to have the Midas touch there wouldn't be a man left In tho Dcmociatic p a r t y in Iwentj-fourhouis. TIlfhTS. Another I li I n g, jou gentlemen chaige the Republican patty with being be-ing the paity with trusts, and jou say that more trusts wcie organized under un-der the Admlnlstiatlons of William MoKInley and Theodoic Roosevelt than ever befotc In the history of our government, and jou say that trusts so organized are protected under the Republican policy of protection, and that trusts so organized aro selling their goods cheaper abroad than at home. The only trouble with this Is that two-thhdsof It Is not true and the rest is incortect. No ttusts were otganled under the Administration of William McKlnloy or Theodore Roosevelt, and no trusts have ever been organized under any other Fedral Administration, und there has never been any Fedeial law under which any trust could be organized. organ-ized. The word "trust" hi its original commercial application was used to define an arrangement among stockholders stock-holders of various coipoiations vvheie-byshaies vvheie-byshaies of stock were assigned to trustees, who Issued trust certificates in lieu thereof und apportioned dividends divi-dends and losses thereon. Hut trusts so organized were never Incorpoiatcd, but vvctc driven fiom their ttust formation by statutes and com b decisions aud fotccd to tako refuge ref-uge by Incorporation under the laws of various States which have statutes especially fiamed to Invite their foi-matlon. foi-matlon. . These corpoiatlons so formed are generally composed of soveral merged industries, the merger Loing effected by tliooiganlzationof a corporation ano the conveyance to Hie corporation so organized of tho real and personal property of the meiged Industries and the issue of stock thereon. They may have their offices wheio they please and their factories where they please, and by virtue of "Statu comity," trade all over the rest of tho Union, .subject to the i emulations of tho various States, which aro them- selves in turn restrained by the fourteenth four-teenth amendment and subject to the power of Congress to regulato commerce com-merce among the States. When the Constitution was adopted, adopt-ed, "tho powers not delegated to the Federal Government by tho Constitution Constitu-tion or piohlbltcd by It to the States" were reserved to the States or tho people. peo-ple. Theso aro the so-called reserved rights of States. Hy the Constitution Congicss Is given giv-en power to regulate couimeice "among the scvetal States," not "In" thescvcial States. Therefoic Con-grevs Con-grevs must stop shot t at State boundaries bound-aries lu the regulation of commerce and can not icach over and Intcrfeic with tho so-called icserved rights of States, except that while it Is true that Congiess may not regulate and control the organization and internal management of corpoiatlons organized organiz-ed under the laws of States, still, as was lately held in the Northern Seoul Se-oul Ities Trust Companj case, "every corporation cicatcd by a State Is necessarily nec-essarily subject to the supreme law of the laud"-that Is, the Constitution and laws passed by Congress pursuant thereto and cannot Interfeie with the fice course of Hade and commcicc among the States. At the first session of the Fifty- Sixth Congress wo tried to submit a resolution to the people providing for and amendment to the Constitution permitting the Federal Government to follow, regulate and control corporations corpor-ations geneiallj, but as It takes two-thirds two-thirds of Congress to do that, our Democratic ft lends refused to vote for it and It failed. Failing In that, in thesecond session of tho Fifty-si venth Congress we passed pass-ed (1) a law ptovldlng for a Department Depart-ment of Commeicc and Labor, with a Commissioner of Corpoiatlonschargcd with the supervision of corporations engaged In interstate commerce, also providing for corpotato publicity. (2) Inasmuch as It Is no use to manufacture If jou cannot get jour product to the consumer, and Inasmuch Inas-much as It had been for some timetlic cause of Just complaint that railroad companies, endowed with the power of eminent domain, whose duty it is tosetvethe public impartially, had been giving prefcrcnthl height rates to preferred shippeis, whereby ship-petsso ship-petsso preferred were stiengtlicncd into monopolies, aibltrarlly fixing prices to buj et sand sellers and driving driv-ing competitors out of business, we passed the anti-rebate law, which prohibits pro-hibits under penalty the giving, demanding, de-manding, or lccelvlng of prefctcnccs and provides the preventive lemedy of Injunction. (3) We also passed a law to "expe dite the hearing and dctcim (nation of suits in equity" under the autl-tiust law, and under tills law to expedite licailngs the Northern Securities case "camo on to bo heard." The only anti-trust law on the Federal Fed-eral statute books bears tho name of a Republican Senator. Tho law creating creat-ing an Interstate Commerce Commission Commis-sion bears the name of another Republican Repub-lican Senator and all the law Is being enforced by a Republican President. |