| Show OBJECTION TO TRUSTS President Hadlcy of Yale Tells Why So Many Oppose Combines Now York Jan 27 President AT Hadlcy of Yale university In an ad diess before the students of Princeton university at Princeton N T spoke upon Government by Public Opinion Among other things he sald There is a wrong tendency to revert re-vert to the old system special legislation legis-lation In modern democracies But the results by no means promise to solve the question roL properly ordering out political life Illdevised statutes passed sometimes under the Influence of this idea seldom produce the effect of coercing the wicked Sometimes they arc so syfitematically evaded as to become mockery Sometimes they are allowed to degenerate Into a means of blackmail A statute passed by a majority In the face of a reluctant minority mi-nority docs not represent the will of the people It Is legislation In favor of a class which happens at the moment to control the greater number of votes Most people objectto trusts Why Largely because they dont own them If a man really believes that a trust Is I a bad thing and would refuse to coun tenance Its proceedings it lie were I given a majority interest In Its stock he can fairly call his objection and that of men like himself by the name of public sentiment and not otherwise Most of the effective control of combinations com-binations of capital has been In facts brought about by Intelligent public opinion Our expeilence in liquor legislation I In railroad control anti In may other subjects of modern activity shows that under the present system public pub-lic opinion counts for more than any statute The essential mark of a gentleman distinct from accidents of birth and clothes of manners and speech Is his readiness to accept a trust even when I It is practically disadvantageous This readiness is characteristic of the American Amer-ican people and makes them capable of selfgovernment There Is much that is as yet defective I de-fective in our social and political code of honor but the fault Is in the code and noil In the men and therefore there-fore the task of the reformer is no r Insuperable one |
