Show DESTINY OF THE TRUSTS Views at the New York Conference on Combinations 1 Some BenefIt fur for Yost Allt of Calli 1111 Opinion Now O York Tork Feb conference on trusts trust before the Institute In operation co with the Cooper Union was continued lut In the bali ot of the union when effects of Industrial formed d the topic of discussion i The first speaker on the economIc customs involved In Industrial lions WILlI W II Jr pros I dent of the Long Island railroad who elucidated the meaning of t time he town term trust In tile place h he saId n a trust Was IL ft combination of capital In order to raw material see sec to pay a high rate of wages and thirdly to sell at a lower price could be offered by MY any smaller smalle combi f That said Mr win as the kind vt of trust either or political that could our sur vive Ie opinion or the filial analysis of time the groat question ot of trusts Mr Baldwin drew a parallel between the rate of w wages Jes paid In thu times time of small railroads when the was wasCO ice CO a and amI the lr rate aB aa certified to b by Mr Ir Arthur or of ISO to 2 a month for tor engineers working from sewn seven to eight hours n a day which later result he said was on only I possible Under the combination of In and of operation that could be brought about under no other conditions Mr Baldwin gave ao It os as his opinion that the onward current toward combinations could not be and that the aim must be to control the Iha trust anti to guide ulde It along so ns as to tomake make It for the common good I Imf t J FlY W T u I of f Pa drew citOW Ill tze between Industries anti Industrial taking the ground In Ope op opposItIon posItIon to Cockran that there thero were much tuch things 8 as partIal monopolies lie Mild that It was fas characteristic of smaller combinations that the they were Under management under the watchful ete f of the lie man whose WAS affected b by th the methods method employed T Tie e test of the large combInations ho he said Mid was whether they could survive under hired InAn management and he con oon tended that some of the alleged cages of combinations on a lar large e scale were illusory III hi defended a 11 telephone and said that several compo tin systems would work as great Oat harm liS as If there were several postal systems lie Ho said that cities would reg regulate ulato such monopolies when franchises were to W be granted Taussig said that neither the protective tariff railway conditions that gave ao advantages to large shippers nor the tho reckless offering of corporate es In State to blame for tor present conditions but that nil all to together together gether were In a large measure pon f Mere Iere 1 prohibition lie he eald could accomplish nothing It led only to leg ler and yet lIt this wo WILlI the tbt path Ith that the United States and the State Blatt luul tol foi with conspicuous failure II lie quiet the hp In th time tte triumph of right al amid cv 11 cry Iron to Improve the machinery of government and ex as the tho remedies that would work out cot the gin gen genera era oral I oHa John Johll S Crosby the Inge said hI that the solo sole business of the government was wal to establish justice and not oot to lend Its overa for tor private In Wall ali street and stock alock pm gm hung Mr Ir Crosby said that the govern gotera was responsible n for tor the worst wont Corm ot of gambling that of tocks while It often otten sought to stop bo boys from flom shoot shootIng lag Ing craps |