OCR Interpretation


The day book. (Chicago, Ill.) 1911-1917, January 05, 1912, Image 13

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1912-01-05/ed-1/seq-13/

What is OCR?


Thumbnail for

PORTION OF LAFOLLETTE'S CHICAGO SPEECH NEWS
PAPERS WITHHELD
On Wednesday night, January
3, Orchestra Hall was crowded
with about 3,000 people eager co
hear Senator LaFollette flay the
interests that practically ru'e the
country to suit themselves, with
out a thought or a care of how it
will effect the people.
He showed how the business of
the nation was divided into four
branches. There was the trans
portation business, meaning the
steam roads; there was the busi
ness conduced under franchises,
like the gas, electric light and
street railway facilities in our cit
ies ; there was the business listed
on the stock market in Wall
street as "industrials," like the
United States Steel Cornoration
and the big manufacturing con
cerns; and the financial business
run by the banks, trust compan
ies and insurance companies.
He took up the railroad and
showed that there are today six
systems in the United States, and
that these six systems are con
trolled by eight men.
La Follette told how he had
studied the directory of directors
of the corporations of the land,
finally coming to the discovery
that ninety-six men could control
all the important business in the
United States.
He then said that Ex-Senator
Chauncey Depew, teller of after
dinner speeches, appeared seventy-four
times as a member of dif
ferent boards of directors.
Then he continued, showing
that he worked his list of ninety-
six rulers down to fourteen really
important men, and later he re
duced even this number dowri to
two, Standard Oil and Morgan.
It is conceded that La Follette
sees the three per cent of the na
tion that now controls practically
all of the wealth of the nation.
He says that he is fighting this
three per cent.
The people who could not at
tend and were dependent upon
the newspapers for information
as to what the senator said, did
not get some of the best things
that were sprung notwithstand
ing that in the making of his
statement La Follette turned to
the press table and told the re
porter to get it down and get it
right.
He said that "any man or set
of men, any trust, corporation or
combination that combined to re
strain trade are doing nothing
more nor less than committing
treason to the country."
At this point he stopped and
turned to the press table, saying:
"Get this down. All newspapers
that supported such combina
tions were no better than the
combinations, and like them are
traitors to their country and
should have the support accorded
them confined to those whom
they serve."
Are department stores combin
ations? If they are that may be
the reason for the general news
paper silence on this portion of
La Follette's speech.
If the senator's suggestion was

xml | txt