ernment
was supreme over the big corporation, but that by itself, or that law
did not do--did not accomplish any of the things that we ought to have
accomplished, and so I began to fight for the amendment of the law
along the lines of the interstate commerce, and now we propose, we
progressives, to establish an interstate commission having the same
power over industrial concerns that the interstate commerce commission
has over railroads, so that whenever there is in the future a decision
rendered in such important matters as the recent suits against the
Standard Oil, the sugar--no, not that--tobacco--the tobacco trust--we
will have a commission which will see that the decree of the court is
really made effective; that it is not made a merely nominal decree.

"Our opponents have said that we intend to legalize monopoly. Nonsense.
They have legalized monopoly. At this moment the Standard Oil and
Tobacco trust monopolies are legalized; they are being carried on under
the decree of the Supreme Court. (Applause.)

"Our proposal is really to break up monopoly. Our proposal is to put in
the law--to lay down certain requirements and then require the commerce
commission--the industrial commission to see that the trusts live up to
those requirements. Our opponents have spoken as if we were going to
let the commission declare what the requirements should be. Not at all.
We are going to put the requirements in the law and then see that the
commission makes the trust. (Interruption.) You see they don't trust
me. (Laughter.) That the commission requires them to obey that law.

"And now, friends, as Mr. Wilson has invited the comparison I only want
to say this: Mr. Wilson has said that the states are the proper
authorities to deal with the trusts. Well, about 80 per cent of the
trusts are organized in New Jersey. The Standard Oil, the tobacco, the
sugar, the beef, all those trusts are organized in New Jersey and Mr.
Wilson--and the laws of New Jersey say that their charters can at any
time be amended or repealed if they misbehave themselves and it gives
the government--the laws give the government ample power to act about
those laws and Mr. Wilson has been governor a year and nine months and
he has not opened his lips. (Applause and cheers.) The chapter
describing of what Mr. Wilson has done about the trusts in New Jersey
would read precisely like a chapter describing the snakes in Ireland,
which ran: 'There are no snakes in Ireland