| Show bibryan TO MEET BOURKE great interest in To nights event at trust conference cockran will attempt to put combines out of the domain of Hol itic and bryan will take the opposite view sterling modon reviews the economic side of trusts chicago sept 15 the record today says the announcement that W bourke cockran of new york and wm J bryan of lincoln neb would discuss trusts from the same platform in central music hall tonight for a while yesterday threatened to bring about an open rupture in the conference reports that had their inception when it first became known that both orators would address the con terence crystallized zed during the day in a rumor that each would insist on abi right to speak last just the tammany orator took his seat in the new york delegation at the opening of the afternoon session he was called out by john W ela of the civic federation an d dr albert shaw of new york they engaged him in earnest conversation over the priority of the issue the pow pow terminated with the adjournment of the trio to a long distance telephone station where connection with lincoln neb was promptly secured mr ela did the talking he told bryan cockran wanted to know his bews about their joint appearance inasmuch as the committee had decided to play them at the same time mr ela said it was the desire to last mr bryan said that was his sentiment and mr ela left in doubt that the nebraskans Nebra wish was dangerously near an ultimatum then mr cockran assuming ano magnanimous said he would deter to mr bryans wishes and would be governed by the committees decision the official pro gramme as finally arranged and given out announces that the tammany orator will be heard before the democratic leader from nebraska Is given the floor congressman john weeley balnes of tennessee said he had no comment to make beyond the announced program there Is no issue between the orators the nashville representative explained mr cockran in his address tonight will it ie eald bring to bear all the persuasiveness of tongue and profundity of argument at his command to prove that the question of trusts as a national political issue has no place in the platform of any political party in 1900 according to a prominent new york delegate mr cockrane cockrans Coc krans mission in chicago at this time is to create sentiment against making trusts an issue next year the delegate in question made the above statement last night immediately after a conference with the new york orator and gleaned the information during that conference chicago sept 15 the pro announced for sessions of the trust conference follows address by louis P post of the national single tax league the trust from a socialist point of view by thomas J morgan of chicago trades unions and trusts by henry white of new york general secretary of the united garment workers of america an iron and steel workers view of combination by M M garland ex of the amalgamated association of iron and steel workers addresses by I 1 D chamberlain of the knights of labor dark grand chief conductor of the order of railroad conductors john W bayee secretary knights of babor and samuel gompers Gom pors Preel dent of the american federation of labor afternoon session property rights and human rights by L M lockwood president of the american antitrust anti trust league new jersey and trusts by edward keaghey Ke ashey of new jersey address by prof edw W bern Is Nece salty of suppressing monopolies while retaining trusts by prof john B dark of new york the problem of trusts and some proposed remedies by wm dudley of indianapolis limitations of practicable remedies against trusts and combines by robert stay or of indiana address bf edward rosewater of nebraska the tendency of the present industrial du system to operation cooperation co rather than competition by W P potter the limits of competition by rev washington gladden of ohio evening session address by W bourke cockran of new york address by wm J bryan of nebraska chicago sept 15 working men trust adherents advocates of single tax theories and students of political economy were heard today at the third days soe slona of the conference kem here more than an hour was spent in discussing plane for work r JS W W inowe of louisiana moved the appointment of a subcommittee sub committee of five to receive and consider resolutions and report to a general committee the motion was carried and chairman luce was authorized to name the subcommittee sub committee The committee adjourned to meet again at 2 p m the events on the pro for the sessions were overshadowed by the announcement that col W J bryan of nebraska and bounce cockran head of the new york delegation would I 1 speak from tho came platform the prominence of the two orator gave rise to a general opinion that the i speeches would take on more of a political than economic tone samuel gompers president of the american federation of labor tollow ed secretary hayes he said la part it has been said that organized labor Is a trust and I 1 want to say la connection with this that to our minds this Is an absolute misnomer organized labor throws open its doors to all who work for wages and asks them to come in and share in the benefits it cannot break into a trust we have seen the enactment of the law known the interstate inter state commerce law supposed to be enacted for the benefit of the people and yet the only practical use of laws haa been to steal away from us the right ot trial by jury and to imprison the wor conspiracy As a matter of fact wherever the workers are organized and have maintained their organizations their wages have been higher and hours lower in spite of combines and capital mr gompers was loudly applauded the convention then recessed until 3 of clock resolutions denouncing the chiste bavo been drafted by the antitrust delegates ifor presentation at the afternoon cession the resolutions set forth unalterable opposition to all trusts and monopolies demand of the several states and clues that they take such action as will lead to the public ownership of all public utilities demand that the federal and state KOV enact legislation for the control of railroads demand that congress and the legislatures of the several states abolish all special and balte action to destroy monopoly assert that no candidate for public office Is entitled to the suffrage of his fellow does not decharo bis hostility to combinations declare that it Is the duty of the people to make organized effort to secure the nomination by the political parties of the opponents of trusts recommend that the several states take immediate action to limit tor which private industrial be formed and discourage the former tor mallon 1 the resolutions were signed by the 1 following relegates who are all members of the delegations of the states j L M grogan texas chairman V L lockwood of pennsylvania cecil smith texas lawson purdy new york II 11 V johnson colorado W J R idaho and W liscom as maryland the lion J sterling morton of nebraska said there is no reason for apprehension there can be no monopoly it trade and commerce are tree the combination of millions of dollars in any special manufacture can do no more nor no less than compete with alert industrial enterprises making the bame staple and the competition may make an article of equally good quality and it at an equally low price and have logically an equal share of the market small corporations even partner copartner co ehlis will be free to enter every field of competitive manufacture and commerce whenever demand makes high prices and give promise of profits smaller concerns will seldom be over capitalized they will seldom be extravagantly trava gantly managed many of the larger combinations however will be threatened and jeopardized by overcapitalization and extravagant menage continued on seventh page BRYAN TO MEET BOURKE continued from first page ment it will be impossible therefore to pay dividends upon their common stock that stock will then eoon have no value in the market and the trust will speedily go into bankruptcy the whiskey and other trusts that failed from these causes verify this prognosis there are however no trusts in the united states as trusts in their obnoxious sense are defined but lher are many very great corporations it ia impossible to prevent such great corporations unless such state repeals its general incorporation laws the west baa been opened up by combinations of capital the means ot production all the improved implements tor planting and tillage all the perfected machinery for the speedy harvesting and storing away of crops together with their accelerated cheap by rail make athla fertile west inhabitable and prosperous but if there had been no incorporation of money out of which to evolve manu factories fac tor improved and cheaper agricultural implements and machinery these crops which now astound tha world with their magnitude and money value would never have been grown west of the missouri river and even it they co uld have been grown without the direct power and influence of improved machinery they could never have been cheaply distributed to the markets of the world unless there had been further In corporations of capital to build and operate rail roade the state of nebraska is swiftly paying off all of its land mortgages these mortgages largely represent the purchase money originally prior to the alleged crime of 1873 mortgages upon these farms carried from 40 per bent down to 12 per cent interest per annum the latter figure was regarded exceedingly low and quite favorably favo rabla to the borrower but today upon the ame number of acres of land three times the amount of money can bs borrowed that would have been loaned on the same security in 1870 and 1871 and the rate of interest Is now 6 ani 5 per cent per annum by combinations of capital the railways have been doubled as lo 10 their mileage in the last fifteen years in of their mortgage bonds bearing 2 per cent they now carry only 4 per cent thus instead of seeing pos able evils in In corporations of capital for the future it la better to contemplate and verify the great good which has come to the country because of capitalistic combinations in the put the word trust as used by partisans particularly those who are endeavoring deavo ring to organize the discontent ot the united states against the courts and the laws as construed by the wurts Is given a eln lster significance without any attempt at analysis dafin atlon or explanation every combination for investment of capital of whatsoever kind is denounced as a trust this la merely and appeal to envy malice and the other meaner characteristics of humanity originally however the word trust was defined as a interest in land or other property the legal title to walck Is in another recognized and enforced by the courts of equity having observed individual capital carrying on business in nebraska prior to its invasion by a single corporation po ration and subsequently having experienced the change of coat ma in abo same business when taken up by corp orated capital and noted particularly ticul arly the reductions in transportation as charged by stage coached and ox and mule trains when compared to rates charged by passenger and freight trains on railways one la revoked at asaff ss aff the advent of the money power and the agents ot capital into this wilderness the cost ot carrying pounds ot freight from nebraska city to denver by mule or ox trains was from 5 to 12 freight between the bame points today la 50 cents per hundred weight passenger tare from nebraska city to denver by coach was by train to day it Is 17 for a seat in the coach from nebraska city to salt lake city one paid the rate by rail today Is 30 steamboat rates from st louif by the missouri river were on freight from 75 centa to 4 per hundred the steamboat however were n owned by passenger tare was 30 combinations ot capital for vast production and distribution while they may havo destroyed small dealers in great numbers haave aa a rule ultimately benefited the great majority ot mankind the present tendency towards large aggregations ot money for the purpose of carrying on manufacture commerce and transportation may therefore be not dangerous to the millions of consumers who may thus b furnished more bread and more cloth ins for less hours of labor the perfection ot civile bation will be realized in the lowest possible prices for all the staples of life the cheaper all staple commodities become the less hours of efforts and exertion will each member of the human family be obliged to put forth in order to maintain and clothe himself the more leisure the mass of mankind may have from bodily effort the more time they may bestow upon intellectual development and moral culture high prices are not a boon to mankind high prices always prevail in newly settled and crude settlements tle ments the lowest prices will be at hand when by combinations of belll and capital mankind shall have reached the ultima thule of cheap production combined with speedy and cheap distribution by protective tariff advocates paternalism ism has been reached in the united states for many years out at protection many monopolies have evolved when protection shall have been abolished many will die free trade will not compel to trade anywhere but will permit everybody to trade everywhere under free trade monopolies can not be long lived under tree trade the homeopathic maxim that like cures like may be verified by killing off one with another combine and by organizing syndicate against syndicate for intense competition thus keeping bricea and profits at a minimum enactments will not cure the tendency towards combines economic laws will rectify their errors and protect the people whenever legislatures invade the domains of economic laws with statute laws they merely show the power and majesty of the former and italicize the feebleness and littleness of the latter too much legislation begot all the real and all the possible evils which combination of capital even under a protective tariff arc capable of inflicting let alone trade manufacture and distribution are good servants to all tha people favored by special privileges they become servants to the few and master of the many the less legislation after repealing the protective tariff about restraining capital the better |
