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VOLUME 10, NUMBER,!
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Administration In Amorican history; no matter
that thoHo insurgents could point In justification
of tholr courtto, If Indood tuich justification bo
lioconHary, to tho explicit or Implied pledges of
tholr party platform and to tho roltorated prom
Iboh of party candidates. Those aro not mattors
worth considering. Tho all Important point Is .
that tho republican party sold itself to tho rep
resentatives of special Interests and now tho re
publican administration must becomo tho obe
dlont instrument through which Uiobo Interests
rlvot chains upon tho people.
According to tho president's spokesman tho
prosidont Is withholding patronago from theso
republican Insurgents moroly to "impross them
of their obligation." Tholr obligation to whom?
To tho peoplo of tholr districts and to tho people
of tholr states to whom they gavo tho promise
that they would voto In accordanco with tho
public wolfaro, or to tho cotorlo of mon who
providod tho republican party with campaign
funds?
Party prcssuro Is strong and bocauso of tho
ropubllcan party's thorough discipline It has been
dllllcult for mombors of that party to rebel. But
tho difforoncos botweon theso insurgents and
tho ropubllcan leadership is fundamental to tho
porpotuity of popular government. It may bo,
ab Mr. ItoBOwater says, that many of them havo
already surrendered In tho faco of tho threat to
withdraw patronago from them. It may bo that
others will surronder. It can not bo that among
all that numbor thero will not bo mon who aro
bravo onough to carry on their flght against
tho poworful systom that has already captured
tho ropubllcan party and seeks to uso it in tho
offort to capture tho American govornmont.
TIiobo who will romain faithful will havo no
ofilcos to bestow but they will havo tho ap
proval of tholr own conscience. They will find
also that whon tho oyos of tho Amorican peoplo
shall havo opened to tho gigantic schemo of
plundor that Is boing concoctod under tho au
thority of tho republican party, tho pooplo will
soo to it that tho men who now withhold and
distrlbuto public ofilces as a' roturn for private
favor will havo no patronage to givo and no fa
vors to deny.
ffHR PKRSIUENT'S MESSAGE
A foW wooks ago tho press dispatches In
formed tho Amorican peoplo that' six of tho
prosidonts of tho leading railroad companies had
called at tho Whito Houso and had discussed
with tho prosidont tho special message then in
tho courso of preparation, rolating to railways
and trusts. Tho pooplo were told that when
theso railway presidents loft tho Whito Houso
thoy woro dojectod, tho inference boing that they
had encountered a man who had a well devised
plan of giving to tho Amorican peoplo relief
from long continued Imposition and that they
had beon unable to swerve him from his high
purpose.
Who was it that said "oternal vigllanco is tho
price of liborty?" And who, of a later period,
quoting that warning, doclared that it ought to
bo posted in ovory counting room and in every
school houso and workshop of tho land? It is
safe to say tho average newspaper reader really
bollovod that those railway presidents wore de
jected aftor thoy had learnod tho purport of the
president's special message. Had they but
learnod tho importance of "eternal vigilance"
on tho frooman's part, they would havo accepted
that nowspapor story with several grains of al
lowance, particularly in view of tho record this
administration has made and the views its lead
ors havo oxpressed upon matters affecting tho
control Of groat corporato interests
Tho special message has been delivered and
it may now bo seen that instead of giving theso
railway presidents cause for dejection the presi
dent gavo them practically everything they could
wish for in tho way of presidential recommenda
tion. Ho recommends tho creation of a court
of commerce to bo composed of five judges
designated for such purpose from among tho
circuit judges of tho United States. This court
In t0Q ln oxclusivo original jurisdiction of all
cases that have to deal with any order made by
tho interstate commerco commission: all cases
that como up under tho Elklns act and all man
damus proceedings rolating to railroads Tho
?tr0wm0,hnPnintS 0Ut th,ttt if th,B plnn bG adopted
It will bo necessary for congress to authorize
him to appoint flvo additional circuit Judgw
So anxious is tho president to centralize ali
power with respect to railroad companies that
while advising that all judicial power bo vested
In his proposed court of commerce, ho recom
mends that all litigation should bo under the
direct control of tho department of justice, thus
The Commonerr
depriving tho Interstate commerco commission
of tho right of initiative. Then ho recommends
that railroads bo given tho privilege of "pooling
arrangements." Ho thinks that tho railroads
ought to havo tho privilege of making agree
ments subject to tho provisions of tho inter
state commerco act and providing that copies
of such agreomonts bo filed with tho interstate
commerco commission and providing also that
any railroad party to tho agreement may cancel
tho agreement by giving, thirty days notice in
writing to the other parties to the agreement
and to tho commission.
Tho president makes several suggestions tend
ing to the protection of tho public, such as em
powering the commission to pass upon freight
classifications and to hold up new rates until
an inquiry as. to their reasonableness can be
made. But the important point iB that the
president would place all litigation respecting
the enforcement of federal law concerning tho
railroads under tho direct control of the depart
ment of justice, such litigation to be passed
upon by a court designated for that purpose
by tho president. The suggestion is in perfect
harmony with tho policy of centralization to
which tho republican party so strongly leans.
It is in perfect harmony with the policy of this
administration whoso particular business seems
to bo tho placing of all control over corporations
in some central power that shall be either too
busy or too indifferent to give to the subject
the attontion demanded for it by the public
welfare.
AND NOW HE WANTS THE CENTRAL BANK
Tho acquirement by J. Plerpont Morgan of
Levi P. Morton's trust company has directed
public attention to Morgan's power in the finan
cial world. This company has a total capitali
zation of $5,000,000 with resources of $170,
000,000. -Tho United Press is authority for
this statement:
Morgan has time and again been referred to
as the money king of America, but he never de
served the title more than he does now. Here
aro the banks, and trust companies and insur
ance concerns that he either owns or controls:'
' 'Equitable Life, NfSoYtfOS. " ' ' "' '- '
Equitable Trust company, $63,821,500. '
Mercantile Trust company'," $68,474,700.
Guaranty Trust company, $170,000,000;
National Bank of Commerco, $226,549,095.
First National Bank, $139,621,689.
Chaso National Bank, $107,285,710.
Mechanics' National Bank, $51,346,368; "'
National Copper Bank, $40,307;764. ;-
Liberty National Bank, $24,705,014. ''' '
Bankers' Trust, $53,926, 900. "ir '
Astor Trust company, $15,205, 90Q.
New York Life, $494,408,807.' ' -
National City Bank (Standard Oil control)
$280,447,971. '
New York Trust, $66,145,300
Standard Trust, $18,450,100.
The railroad and industrial corporations, of
which Morgan either Owns the giant share of the
securities or dictates the policies are:
Southern Railway, $466,609,877.
Pero Marquette, $96,348,000.
Cincinnati, Hamilton & Dayton, $82,369,000.
Chicago Great Western, $104,766,015.
International Harvester Co., $120,000,000.
International Merchant Marine, $180,265.
361. United States Steel corporation, $1,497,001
500. Erie Railway, $414,256,417.
Pullman company, $100,000,000.
General Electric Co., $80,101,600.
American Telephone and Western
$515,073,200.
United Dry Goods Co., $20,000,000.
Public Service corporation, New Jersey, $66 -500,000.
'
Interborough Rapid Transit, $169,192,000
Hudson-Manhattan Co., $57,374000.
Brooklyn Rapid Transit, $125,000,000.
A group of railroads in which Morgan control
is nominal, but which are manipulated through
his banking house, is capitalized at S3 559
104,646. ' '
With a total of more than ten billion dollars
in resources in the ahove companies, Morgan
it. is claimed in financial circles, can do about
as he pleases with the finances of the country
no matter what monetary legislation is enacted
ujr liuiigicsa jtuu mere is a general
ing of wonderment in Wrall Sfrot
Union,
feel-
today
as to where the aged financier is going to cet
off. It is known that his ,Wf h"T , sll
Burning control of the big banks, trust and it
surance companies is all part of one general
plan that. was decided on by Morgan and his ad
visors following the panic of 1907. -
Closer control of banks and stricter restric
tions for their management were the sugges
tions Morgan made when he was asked at that
time what remedy there was for the panic and,
judging from recent developments, he has set
out to secure the closer control at any rate.
And now ho wants the American people to
givo him tho central bank. . . .
Will they do it? . . : :
MR. BRYAN IN CUBA
From Havana News report: At a breakfast
given by Minister Morgan at the "Miramar"
(Havana) today, at which about eighty guests
participated, including Americans, Cubans and
Spaniards, among whom were Vice President
Zayas, Speaker Ferrera, Genera! Mario Menocal,
Mayor Cardenas, Governor Asbert, and several
members of the Cuban congress, Mr. Bryan made
a brief speech.
After expressing his regrets that he would
be unable to address the Y. M. C. A., and pay
ing a high tribute to that association and the,
work that it was doing, he referred to the
former visit he made to Cuba when' President
Palma was inaugurated, and added, in sub
stance: "I am glad to see the young republic, which,
our own government helped to put on its feet,
meeting successfully the problems, which come
before it. Do not be discouraged, because things
do not go as well as you would desire; you
must expect to make mistakes; we make mis
takes in the United States. Those who take
a superficial view of public affairs sometimes
cite civil war as an evidence of incapacity for
self-government. No American should take, this
view, for we had in the United States tho great
est civil war in the history of the world and!
no one uses that argument against our capacity:
to govern ourselves. ' ''
"Resort to violence is always deplorable "anct
will, I think, become less frequent, as civiliza
tion advances. As man rises in intelligence and
inorals,' reason will more and more be substi
tuted for force and violen'ce In the settlement
p'f difficulties. The day1 will dome when tfi
world will see the folly of the doctrine thatyopi
can justly settle a, difference of opinion by shoot
ing the man who may differ from you. Thero
is a growing acceptance of representative gov
ernment and the fundamental doctrine of rep
resentative government is acquiescence in
the will of the majority. That was the doc
trine taught by Jefferson, the greatest expo
nent of representative government who ever
lived; and it is necessary, to the existence of aft
republics. You will recognize my right to em
phasize this doctrine for I have three times met
defeat, ..when supported by more than six mil
lion voters, but I congratulated my successful
Opponent on each occasion, and had any at
tempt been made to deprive him of his victory,
no one would haye supported him more loyally
than I.
" "The doctrine that the people have a Tight
to govern themselves does not imply that they
will not make mistakes; it means that the many
have tho right to- make their own mistakes and
also the right to correct them. A few can not
claim a God-given right to make 'the mistakes
for the many. If we find ourselves in the mi
nority, our remedy is not to question the right
of a' majority to rule, but to make an effort to
convince the majority that we are right and to
await with patience the triumph of our ideas
co25nt that they wil1 triumph if we are right'
uJ1 Inthe people Is accompanied by
faith in the triumph of the right, we endure such
SvJ!s.f?e.cax? not Prevent- sustained by the
pelJeLthat in tIme every evil will be corrected
and that every righteous principle will be vin-mcatou.
MR. SHAW KNEW
Leslie M. Shaw, former secretary of the treas
lSf'loV snaGidfPaPer interview Printe August
"It is all nonsense to talk about a revision nf
the tariff. It can not be done. You mav it
well understand that at the outset. Republicans
hn1posrsTible.andinS reVl8i0n are dlng?!
Mr. Shaw knew. How did it happen that tha
rank and file of the republicans did not know?
Will they never learn that republicans demand
the impossible when they call for legislation hi
tho public welfare at the bands of a party that
teTes'tsV CamPaign UndS from -
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