Historical Newspapers of South Carolina

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MR. BRYAN'S SPEECH. The Democratic Doctrine Preached .By The Great Nebraskan In His New York Speech. iI his great speech in New York on Jast Thursday iiight, Wmti. .J. Bryan, -who had just returned from a trip !around the world, said among other lbings Outlines a Peace Policy. I venture to suggest that we may -not. Oily -promote peace but also al Va11c4e oIrI Commi1iercial interests by an notmeig ats a nitional policy that our navy will Inot be used for the collee. bioii of private debts. Whilo proteet inlg tle lives .f our. citizels every wlere an1d guranteeiig the persoial zsaftey ol' all whio mwe allegiance to ,oir flag, we should, in my judgment, -ann1olice that persons engaging inl business anid bolding property in otlier lands for business purposes must be mubject to the law of the countries in whili they eaa.ge inl busiiess enter prise". MNiiy prolitable f'ields of inl Vest.ment are now Closed heeaise tlie people of, ift simalletr natiolls 'are a.fn1id I that nll inlvestillelt of' foreign -capital will be ima,le ani exeitse for a 0 1ur Ilationl lias lost pI'stige ratlier 'hlan g-ainled it by mllr experimlenlt inl colonia lisi. We have given ihe mon archist a chanc4iev 1t ridieule our I)e lirat.ini of Idepedii(ence, and the scoffer. has t witted us with ineonsist tecy. A tour tirougli the Philipine I i.slands has deepened the conviction that we slouhil loseI no time in an 1o11nil".ig ou lim 1pose to deal with the 'VilipinlWS Is we dealt with thie Cliubans. I 11v"N ry vonlsidenationl, (101.1nerVcial and4 ( political, letads to this conleusion. 1 Snthi grIond as we may need for coaliig station or for a naval base I will le glaIlV c.4,needed by the iFili- 1 pilo-. who simply desire an ilIpporlltuill ity to w(Irk (lilt their own destinly, in- I spir,ed bY 1ur1 v.xamph10. anld lidvd by i our :1i,vice. In su1 far as 'or 4'1ur1ts I hae11 1 14 bvtn din.e toi wl the \.ar 1 edu 'u ea' li eii 5(iltC' i li i ef~ itI | a lt r id I i , !IIt ' I''4 - II iti I I v I - n I . Isva I I~ Ila I , I,i I I I ' li i l "I CI Ii IIppIi . So s-o as 44.. h l l nl' e a it sl i n .Ii rlis e at n tit w e an- d1 4i 1t olnailism im pos;1ble. Ift' we iite d it, lihol tli i ts subhjocts we wioi lot diare toi du 'eate ilhell; l v n wihll dt li-. A A ilreelablence mu1t h assmed t . f we 4cmilemplatv iniversal educa- s titnl inl thle PIilippin es. .\s somn ats i .ppiltila tity lels I Sha111l discul ss thle t Plillippineles l i morti l il loe ai t len-th -an I Shall alsol refer to Enlish rlie < in 1t1iln , for it throws light uoll lons f1 1u mvwn problems inl 0he Phllilippinles, bilt I Ulese slibjets nanist hie reserved uitil ;i eni speak lia in t detail. I Arbitrate Labor Troublest i soeiety, mIlorrs il somietthitg at. t tialike as we(.) as hela employer aind emil- t ployees for- dhere -anl bie nil eonsidera- I11 blii strike wi(lhout emnsiderable loss to hepublic. Society, therefore, is, ustiilled in delianlding. thlat the sha,llt he set tled'vi eacfutmensiI a 'GermentB jn ctilori Wreat-. m('hto i etepnt of anhu skiti i indusn -eti o3fit' own mtio, in' s titue ani aptnp 1t' enohrtie~ t filutling.( If there i tIA, iopus sbisi n tll ~itintiga-11 1 t'n,j itis noV5 t til ecessaryll .'h tht there(1 decisin ra li fui~'ll ind fai anvstiga *.:to wvil of' ha'lst' e vtl iveaebing .1 ant a settleen otl nvg Ilt h .il iornmentay Injut1itn atron.I sIi'g refern e s sio tlaor estdin m'iaon of that ~viskn byi (oven mein. bylte ttinunctiCn A the mo-ain pur acl,e thewi ito eade rial dn uiheity.ll rTet prolng ais te .<ormoesy utipfied hnrUil acty,a but Jury a tjury owuh' o t lie mdehnie has 'areefe's Itowemc, of th rae andt ~te lsaore tnoke lin Thse who 01)-ik 'othe eihftho ubjr wduyd bet covenry mnhof udb the stiadwithilac of a oyseml of abtation, bromnse hrbitre 'onth fwodvry nms epared. teve is Jast frothir wife and tregatothe laor i chian, he thge grorwan eihour dayis is lan ineaseona f~aor bete theerkn meanscnten bio ..Tebnft ftelbrsv wiorksliop. Then, too, llore is (e aidiled of the laboring man now than l'oriierly. Ile is a citizen as well as it lablorer, and must have time for tle stilIy of public questions, if le is to be an intelligent sovereign. To irive him from his bed to his task iii(1 front his task back to his bed is to reprive the family of his compan ionlship, society of his service and politics of his influence. Trust Question Is Paramount. While men niay differ as to the re lative imnportance of issues, and while the liext Congress will 'lgely shape the lines upomn whicli tle coining Pres ileitial caipaign will be fought, I thing it ia fe ti sa.y that at the Ies ant the paramount issie in the minds fi a large majority of the people is thie trust issue. I congratulate Presi lent Roozevelt upon the steps which lie has taken to en rorce the anti-trust law and fny gratifleation is not lessened )y tihe fact that lie has followIed the I)emoerat ic, rather than the lepubli 14an, plafformn, inl ever-y adlvance hie is made. It has been a great em 'arrassmient to him that the platform Ipon which lie was electe(d was filled viti praise of the Republican party's 'eord rather than with promises to 'eforiim, even tile enit ihulastic support ,iven himi by the Demiociats has en ible(d the chIamipions of tile trusts to aunt him with following Denocratic cadershlip. He has probably gone as ar as Ie could without incurring the iostility of leaders of his own party. I'he tirouble is that the Republican lady is nlow inl a position to apply ltYeetive an(I thorough going reforms, >ealnse it. has built up, through spe iIl legislation, the very abuses which iwied to b)e eradicate(. Before any iintelligent action cani be aiken against the trusts we must have I defiiition of i trust. Bevatnse no1) cor-poritionl hais tili abso uWe and1( complete mlonlopoly of anly ilpolrt1n11 prohiet, the apol;g.ists for lie tr uis st-eeim to insist I hat Iher ir1e il reality no trusts. Oters inl i-4 that it is ilip ssible tI le isla e tnlillst such t rists as may exist witlh lint doin., in.ijuryf to legitiiate hiusi ess. F"or the puurpose of this discuis ion it is SutTicieit to diraw tle linie 1i 11 point wheiv e vomipetition censes She e'ective and to designate as a rust aly corporation which controls ) miiuch11i of the product of, any article tIat it cai Ilix the teiims mid condi ions ot, a sale. Legislation which pievents a imoin pl)()Y not only d(oqs nlot injure legiti ante business, but actually protects M'gitiiate bisiness froni injury. We te indebted to the younger lockefel nr for ani illustration which makes his (list ilction cleatr. In defending te trust system he is pioted tas saying tat as the American Beauty rose can ot he hought to perfection without. inching ot iinet y buds, so that the ne-hundredith bud cn-il receive the hill sit rength of the brush, so great *ilustiali organiizatiolns are impos ible wiithbout the elimination of the ma1ll1er uones. It is a eirnel accuiirate escriipt ionii of trunst meti Ihiods. '['le )emo'ra tie lparty chiaiimpions thle aus ofSt uthe ii liine tty'-nh i enterprises ~l chi ar inieniaced, t hey miust inot be aeri fired that oneuit great comb)inat ion any flourish. There must be no miisfakiing of the ~Sue' an td noi confuisiing of t he line of aille. 'Te pllicy ol1' the t rast miag ia Ies will be to inis~it upon)1 'reaison ble legislat ion, '' anid thlen they wiill ely' upon their powei%r to coirrup)t Leg sloatures and init imidate executives to wuevenit the a ppl icat tin otfii any eme lies which will interfeire with the rnst s. Our imotto miiiust lie a private noniopolyv is inudeteiisihle an id in tolera de, '' and1 our pl ani of at tak mutst con empijlaite tlie total and compillete overi iid tist u*y. Harsh Measures arc Needed. WXe iieed not qhuarrel over' remefdies. We' miust. show onurselves wvilling to aipproiit anyl~ reimedyv wVlhih prlomTises abhstaunial ad vantage ;lAto thle peoplte ni heir wa rfare againtst miontopo(ly. someiuth1ingi is to be1 expected frioml thle nforai(Qi'cemet of' thle criminal claulse of lie Sherman anuti-t rust lnaw, hut t his awi must he enf oiced, not algatins~ta ~ew trunsts~ as at present, hut against i trusts and thle aim must be to im rison1 the guilty, lnt meely to reo over a fine. If the criminal clause s not going to lbe eniforced it ought o bie r'epealed. If imprisonment is 00 severe a p)unishlment for the enm neatly respectable gent lemon who rob) 'ighity millions of people of' hundreds >f millions of dollars annually, tile anguage of the statute ought to he hlan1ged1, for nothing is more calculat di to breed anuarchy than the failure' o enforce the law against rich crimi mis, while it is rigidly enforced gamnst petty3 olTfenders. But it is not' suificient to enforce ex sting laws. Tf toln colrportionls, Colt pining togot her ini restraint of trade en threatenel with punishment, all they have to do now is to dissolve their separate corporations a.id turn their property over to a now corpora tion. The new corporation can piro ceed to do the same thing that the sep arate corporations attempted and yet not violate the law. We need, there fore, new legislation and the Republi can party not only fails to enact such legislation, but fails even to promise it. The Deiocratic party must be prepared to propose new and eflicient legislation. Recent investigations 'have brought to light the fact that nearly all the crookedness revealed in the manage ment of our large corporations has beenl (lire to the duplication of direc torates. A group of men organized Or Obtained control of several cor porations doing business with each other and then proceeded to swindle the stockholders of the various corpor ations for which they acteo. Many of the trusts control prices by the same methods, the same group of meii secure control of several com pting corporations and the manage ment is thus consolidated. It is worth while to consider whether a blow may not be struck at the trusts by a law making it illegal for the same person to net. as director or officer of two corporations, which deal with each other or are engaged in the same gen (-rl business. Urges a Federal License. A still more far-reaching remedy was proposed by the democratic plat form of 1900, namely, the requiring of corporations to take out a Federal license before engaging in Inter--state t Commei1r'Ce. This remedy is simple, easily applied and comprehensive. If corlorations were required to take out a Federal license, tihe Federal govern ment could then issue a license upon terms and conlditions w1hlch would protect the public. A corporation dif rers from a human being in that it has no natural rights, and as all (if its riglts are derived from the statutes it cII be limited or restrained accord in. as I the Ipubli.c welfare nmay reqIuire. 'Ihe c ol-41 whicb v- cIgess hails ove. in te r-sttv cmm e r1(ev is ComIIIple Ie. No j In C lonl.g he eedited with sin- t eerity it it oideilis the trusts With I words only and thlen permits the rusts to employ all the instrumentali- I ties of Inter-state commerce in the carrying out of their nefarious plans. It is far easier to prevent a monopo- r ly than to watch it. and punish it, and 1) this prevention can he accomplished I in au practical way by refusing a Ii- T cense to any corporation which con- n trols more than a certain proportion a of the total product-this proportion a to he arbitrarily fixed at a point which a will give free operation to competi- t tionl. Tariff and Trusts Allied. The Tarift qtue-tion is very closely ( allied to tire trust question and the re- f duction of the tariff furnishes an easy c mneanis of limiting the extort ion which r tire trusts can practice. While absolute free trade would not niece'ssaril mvirake ai trust impossible, I still it is probable that few mnanurfac- m uring est ablishmrenrts would dare to cnter inito a trust if' thre president were emporcwer'ed to put. upon0 thre free list I articles competing with those eon tr'olled by a trust. I cannot permit i this opportunity to pass without ex pr'essinrg thre op)inion that tIhe princi- I piles embrlodied ini the pr'otective tariff 1 havi e beenr thle fruritful sorce of a i great deal of political corruption as well ars the supjport of niany of our< rmost inicinitous trusts. It is dil1cuilt to conudenn thle mnaniufac'turris for uunit ing to take advl~ant age oif a high iariff schetduile whecn tIre schedule is f'ramernd tin the t heory t hat thre induis tis neetd all thle pirotect ion given anti it is riot likely t hat thre lie 'eficiaries of thIese schedules will consent to their reduoct ion' so liong as thre pubrlic wa it.s for thle taii ff to be ireformedtc by its friemds. But toie of tire wourst fetu Ires of a tari If, hevied riot for revenue lbut for Ite arvowed puiirpose of pirotel.ctioni, is that it fosteris thle idea t hat men should rise their voct es to advance thei r own Iinianrcial inrtere't s. For a grenrtion tire " fart' ' has been fried out of the mnanufaeturrers by the Rie publicain campaign comomit tee, and theni thre manufarcturers haive been re iimbuirsed by legislation. With the pubrillic conscience edurcated to believe thiat this open puirchrase of legislation was entirely proper, no wondter that insurance companies have used tIhe money of their policy-holders to carry elections-no wonder that trusts have hastened to purchase immunity from puinishrment with liberal donations. How can we drawv a moral line be tween tire Senator or Congressman elected biy the trusts to prevent hnos tile legislation and tire Senator or Congr'essmian kept in congress biy thre ma nufactuurers to secure friendly leg islat ion?9 The party which justifles tire one form of bribery cannot be re hiedl upon0 to conidemni thre other. Now'B the Time for Tarifeform. The Smith We have opened up building just below ou We have made a su( giving good weight - ai We know that we will make a tem to wit: First class goods, ful dead dollar. We have a full line 4 Oliver 0. Smith and Mrs. Fred. We will continue our Grocery S Mr, Lawson Bobb will have charg Come where you can get what iere than any where else and kno, Your There never was a time when tarif eform could be more easily entere( ipon, for the inanifacturers by sell ng abroad cheaper than at home, az nany of them de, have not only showr heir ingratitude toward those wht( uilt the tariff wall for them, bul hey have demonstrated their abiliti o sell in competition with the world. Wants Public Ownership of Railways The railroad question is also in erwoven with the trust question iearly all the private moiiopolie, tave received rebates or secured othei dvantages over competitors. Abso ute equality of treatment at th( ands of the railroads would go fat oward the crippling of the trustc md I rejoice that the president hai iad the courage to press this question ipon congress. While the law as if vas finally distorted by the senate, is ot all that could be wished, it de. erves a fair trial. Rate regulation was absolutely no essary and it furnishes sonie relief rom the unbearable conditions which 11evioulsly existed: but we m11ust not orget tlat. the vesting of this enor, )MuS power ill Ile hadiis of a (coml lissionl app(pointed by tle presidenlt in rOduces a new danger. In an ap itive boai,) has the power to fix ates, and( can by the exercise of that ower increase or decrease by hun reds of millions of dollars the annual evenues from the roads, will not the ailroads feel that they have a large ecuniary interest in the election of a resident friendly to the railroads? .xperience has demonstrated that xunicipal corruption is largely trace ble to the fact that franchise corpor tions desire to control city council nd thus increase their dividends. If hie railroad managers adopt the same olicy the sentiment in favor of the wnership of the railroads by the gov rnment is likely to increase through ut the country as the sentiment in avor of municipal ownership has in reasod in the cities. I have already cached the conclusion that railroads artake som much of the nature of a lOnopoly that they must ultimately ecome pub)lic p)roperty and be man god( by public omeials in the interest I' the whole community in accordance w'ith the wvell defined theory that pub iC ownership is necessary wvhere comn et ition is impossible. I do not know hat the country is ready for this 'hange. I do not knoiv that a major ty of my own party favor it, but I ielieve that na increasing unumber of lie members of all parties see in the mblic owvnership tihe sure remedy for liscriminations bet ween persons and )laces, anld for the extortionate raitem 'or the earrying (if freight and pas. engzers. Would Have Dual Ownership. li evinug, hiowever, that the opera. ion of all1 the railroads by the federal ro)vernmeflnt would result in a central. zat ion which would allI but obliteratt ;tate lines, I pre'fer to see only tbh runk lines operated by~ thle Federal ~overanent. and( the local lines by the st ate governmnnts. Some have oIpposedl this dual ow~ner hiip as impracticable, but investiga ion in 1Iuropse has convinced mec thai .1 is (entirely pralct icale. Nearly all he railroads of Germany are ownlei >y the several states, the empire' noi Wven owingli the trunk lines and yet the Inter--state, trame is inl no0 wis >bst1ructed. The ownership and oper i.tions of the local lines by the sever 1i state governments is not only fea. dible, but it suits itself to tihe condi Lions existing in the various states rin these states where people are rip( l'or a change, the local lines can be '3urchuased or new lines he built at mnee, while private owvnership can con inne in these states on which the peo. >10 still prefer p)rivate ownership. As to the right of the governments ~ederal and state, to own and operatc 'ailroads therie can be no doubt. If we anl1 deepenI the water in the lakes and mild( conn)Iecting canals in order tc ~hea pen t ransport at ion during half of he year, we can bulild a railroad and theCaponl rates the wvhole year'; if we on spend several hundrend millions on S.Co. Dry G( a stock of new Dry Goods r Grocery Store -on Mittli :cess out -of the Grocery E d measures and selling I uccess out of the Dry Goods business 1 measure and short,profits, for we ha >f Dry Goods, Notions, Shoes, Hlats-ar A. Smith will have charge of the Dr, tore where you will always find a fres e of the grocery store. rou want and save time, as you can c< v that you will not be overcharged for for business, TI W. E. PELHj Reliable Ph We sell Sure Remedic us is Reliable. We guai faction with every packa When your doctor wr bring or send it to us. preparing medicines. \ practices; we use pures make our highest aim t( wishes. Our prices are i Pelham Reliable Druggists, THE BANK OF PROSPERI Capital Stock - - Undivided profits Interest allowed at rate of 4 p Special attention to farmers small, none too large to enlist our to meet and greet you. Call in. A. G. Wise, President. J.. F. Browne, Cashier. Board of E N. L. Black. A. H. Hawki S. S. Birge. J. S. Wheek C. P. Boozer. C. Y. Hunte: N ewberr Capital stuick paid in Surplus . . . Deposits . . . . We do business an bu We extend every coa with safe and sound ba Four per cent. paid o Department. Fi Burglar Pr JAS. McINTOSH, President. H. C. MOSELEY, President. pM. A. CARLISLE, Vice-Pres THE PEOPLE'S N PROSPERI Stcholdrs Liblity, Protection to Deposit< DIRECTORS: Burglar I GEO. JOHNSON'E. Polt an JOS. H. HUNTER. We want R. L. LUTH ER. We invite JOHN B. FELLERS. ciples. W. P. PUGH. G. W.BBOWERS. We recei~ IH. C. MOSELEY. semi-annu )ods Stor in the Paysinger corner. lusiness. We d roods at a small as we expect to use the s d rather have a live dime th id Clothing. r Goods Store. h stock. E. Clifton Smith and >me nearer getting what you want anything. -IE SMITH CO. IM SON, armacists. ks. What you buy of rantee Absolute Satis ge sent out. :tes your prescription Dur main business is Ve allow no slip-shod t medicines only. We carry out the doctor's reasonable. & Son, Newberry, S. C. PROSPERITY, TY, S. C. - - $25,000,00 - - 12,60.'00 er cent. on time deposits. accounts. No account too best attention. It is a pleasure G. Y. Hunter, Vice-President. Hunt, Hunt & Hunter, Attys. irectors: ns. P. B. Warner er. J. F. Browne. r A. C. Wise. y, S.C. . . $ 50,000.00 . . 25,000.00 . . 235,000.00 siness pr inciples. 1sideration consistent nking. n deposits in Savings re Proof Vault. oof Safe. J. E. NORWO01), Cashier. W. W. WHEELER, Cashier. CEO. JOH-NSTONE,, Attorney. A TIONA L DANK, TY, S. C. ~rs . . $53,500 00 roof Safe. nd Fire Insurance. I prompt attention. your business. investigation. sonservative business on Lusiness p - SAVIlNGS DEPARTMENT. 4 der ocent interest allowed,entyfro ally..