Idaho news. (Blackfoot, Idaho) 1887-1891, 1888-08-11
INyEsr1oArroN or rRnsra.
"hat ne COMMITTEES oss Manufactures u
specifsiily Report.

WASHINGTON, July 30. The house
committee on manufactures to-day sub
mItted the iellOwiDg report concerning the
investigation Of trusts. which was ordered
printed
The committee on manufactures respect
fully report that, acting on the authority
aud resolutions OF this house, passed JAM
nary 20, hey have proc, eded 10 inyesti
gate aud inquire into the matters and
things referred TO in said resolution, and
having examined witnesses and papers in
relation thereto, they have been unable to
complete such inquiry aud investigation
and respectfully report the following reso-
luton, with Recommendation that IL pass.
Your committee further reports that the
names OF various trusts and combinations
have been furnished to your committee;
that the number Of such combinations is
very large, and that your committee in
calling witnesses and taking testimony,
proceeded upon the following plan of in-
ITesligation, !. O., 10 inquire:
FiFrt-With relation 70 trusts or COM
binatiOns In lines OF business which are
connected with, or use arii lies in which
there exists a competition in our markets
between the domestic product and foreign
product imported and dutiable under our
tariff laws.
Second With relation,to such combina-
lions dealing in articles which are not
imported into this country, or are not
subject 70 import duties.
| IhiTd-With relation to such combina-
lions dealing in articles which are subject
| 10 taxation under the internal revenue
| laws Of the United States,
Your committee has particularly directed
1 its inquiry into the methods and extent of
| this business done or controlled by the
sugar trust and the Standard
oil trust and respectfully submit
herewith the testimony taken before IL
in relation TO these two trusts. Both Of
them are organized upon substantially the
same plan. From the testimony il APP
pears there exists a certain number of cor
poEAtions, organized under the laws OF diff
fsrent states. aud subject 10 their control;
that these corporations have issued their
stock 10 various individuals, and that these
individual stockholders have surrendered
their agreement creating these trusts, and
accepting in lieu thereof certificates issued
hy the trustees named therein. The
agreements provide that the various corpo-
fations whose stock is surrendered 10
trustees shall preserve their identity and
carry on their business. Ia the sugar trust
the agreement provision is that
the several corporations shall main
tain their separate organizations and each
shall carry on and conduct its own
bu aness. Ia the Standard oil trust an
agreement is provided that all property,
real and personal. assets and business shall
be transferred TO and vested 10 said several
companies. The duties Of the trustees are
restricted 20 the reoe pt Of dividends de-
e,Ared hy the Ya.aons corporations, and dis
tribution Of the aggregate Of them 10 the
holders OF trust certificates pro rata, and 20
the holding and voting upon the stock Of
this corporation. The trustees in both
cases upon the stand as witnesses spec
ideally denied that the trustees, as such,
ever do any other business than to receive
and distribute these dividends and exercise
only the other functions given 10 them
by the trust agreements, that is TO hold the
stock Of the various corporations and exer.
else the right Of stock holders in such cor.
tuorationn The care with which trustees
avoid making any agreement relating to
commodities appears from the testimony
20 the arrangement with the oil producers
association ia the fall Of 1857. The officers
Of the producers association testified that
an agreement was then made with the
STANDARD oil trust by which 5000. 600 bar
rels Of oil belonging 10 the Standard oil
trust was SET apart for the benefit Of che
association upon its agreement 10 curiai
the production Of crude oil At least 1900
barrels per diem These witnesses IN
doub,sdly at deutsnd that arrangement
were made with the trustees Ol the stand
ara oil trust, but tho written agreement
nroduoed aud now In evidence shows that
I, was made with and is signed by Oh,
standard oil company Of New York, one o.
thr COMPANIES whose stock Is held by th'
trustees and that the Standard oil trust
or the trustees thereof as such are not par
lies 10 Il. nor is either OF them responsible
for thea 90 * out a that ayr emsnt
This form Of combination was obviously
desired for the purpose Of relieving th
trusts aud trustees from the charge OF an!
/. breach OF the conspiracy laws Of the yariou
, states, or OF being . combination TO regu
late or control the price or pro
, durtion Of any commodity; hence the,
, asser, that Corporations themselves whicl
control and regulate the price OF eommod
tile. and the extent Of production, ant
having tangible property, remain Will
7 | THAR organization cntact ana uisunct, huS
moi In combination with each other; tha
stockholders who owned only the stock
and by we'll settled legal rules had no lega
, title 10 property of Interpretations, entered
INTO agreements aud solN their stock II
corporations aud accepted in payment trus
, certificates. and that trustees re
reiye and hold only stock of th
cofrorations and have no lega
q right to any Of tho property Of the corpora
ton. and neither buy nor sell anything, o
n combine with any one TO fix prices or regu
Iatn the production Of any commodity
The report goes on to say that IL 10 plan
Q that combinations, the testimony concern
4 irr which is herewith submitted, hay
been intentionally formed so as TO avoid
: n possible, the charge that the trust, q
sush or the trustees in that capacity
: eiiher fixed the price or regulated the pr6
duction Of any article Of merchandise
J. commerce.
DOUBLE TRAGEDY
CHICAGO, July %. August Detlaf,
= bohemian, severely shot and Instant.
i k,lled John Phillips and skip" Larkins
. Iarkins and Phillips bad been playing has
v hall and started for home with numee
=