New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-03-25
SENATORS DISCUSS TRUSTS.
MR.. SHERMAN DEFENDS HIS BILL.
SOME OF THE OBJECTIONS URGED AGAINST IT
A DAY WITHOUT ACTION.

"A DAY WITHOUT AtI4CN.
| Washington March 24.-In the senate to-day the
bill to declare unlawful trusts and combinations In
restraint of trade and production was taken up.
Mr.. Turple discussed the constitutional points In
| VOWED. He believed that Congress had the same
power to regulate interstate commerce that the
states had to regulate commerce within their own
| lines. Mr. Pugh said he had no doubt that Con
gress had the power to make trusts and combhia-
tons criminal and punishable. The amendment
offered by Mr. Reagan In the shape OF his Anti Trust
iii was the first question to he voted on. Mr.
george said that he regarded the amendment. as he did
the bill. utterly without warrant in the Constitution
Mr. Teller said that he in full sympathy with the
object Of The bill. The only question was how 'r'sfs
and combinations could be controlled. Ills own jung
ment was that the most proper agents
10 control them. The bill, he said would apply 10
the Farmers Alliance and the National Farmers
League which were organized with the avowed pur
pose of increasing the prices for farm produce was
If possible he said that the bill would put II In the
power of some people TO force the abandonment "l
those organizationsl Did not everybody know that
unless the prices Of farm products In this country
could be increased great many of the farmers wonh
soon be in bankruptcy and turned ont Of their homes
Mr. George said that he thought that that was goou
point not only against Mr.. Rcagans amendment but
against the original bill Mr.. Teller admitted that 10
be the case lie did not want. however, TO go I" III"
extent Of interfering with organizations when nc
thought were absolutely justified by the remaTkaoe
condition of things II. the country MI Ieer thoush.
that the Knights Of Labor and all the rdes-unlohS Oh
the country practically included III the Dill anu
suggested 10 the committee which reported II whether
II could not be 80 worcd conhnc IL to trusts that
were offensive TO good morals.
Mr. Reagan remarked that the first necessity was TO
strike down trusts and combinations when gave I'o
10 Knights Of Labor and trade, unions. The discus
sion drifted from Mr. Rcasans amendment to that
| and MIN nf
and Options.l
Mr. sherman opposed II as n6r in harmony with INC
BILL As referring to entirely different matter "
proposing tax. which could not originate !" '"o
senate and az not having been considered 10y " com
| mittee lie also opposed Mr.. Reagan amendment
and pleaded for Tie passage of the bill ~ icpor'c"
| from the Finance Committee.
| vr blair opposcd Mr. Ingalls, amendment as being
| really a lccalzaton or licensing Of the crime OF
gambling in futures condition of paying hlsh
| tax. H. -,
Mfr. Hoar criticised the bill in some Of It's legal
aspects and claimed that Il failed TO aNorn any
adequate remedy lie did not believe that every
time, The. price Of wheat went down every 'hlc ''AV
| there was a bad year In agriculture, or that the
manufacturers were pinchcd. that tho mines were
| improbable It good policy for Congress 70 ho''
out to the people quick remedies or pctond" cu"'.
| Mr. sherman replied to Mr. lIoar aud said That II
the duty on cotton cloths or woollen CLOTHS Wa Il
little 100 low 70 protect ilc nahum 'u'ci' Va "
| chu,cft- not a month a day would be allowed u"
BASS hcfor, he Mr. Toar would demand remedy
IN the Of raising the duty. Here wa icli',1,
for A greater wrong than any that result fTOil a H'"
| tariff Combinations had been made involving a
| capital Of eighty one hundred million dollar, ana
| some state courts had been cndcaVg.lns To- VIZ ~
| with them He in.tanc'd th' sugar lru-t 'vWp'' ~
| IF seventeen corpofau'n, and asked WiA N't''f
had the people "f Ncw lorh against tHi' 'oIniNt
| riJu. None Al ALL hc said except h-tN-t CIV ~
the corporaflOns uclud'd lu It. Ma- t" u' rcn'lF
! Ice a-hed for %" evils ~ such com'inafipit' ma
4 Congress wa impot,uf 10 deal with that EVIL. u
! would prove Itself utterly untitled - perform IT,
dui.-. The farmers a-o'aions throughout ih" ''un
iry could not the SOME" 81 th" evil hni u.f ',
| mandcd remedy, and their demand lad 20 be heard
The power II Congfc-- Wis the Only power iht 'fu q
| deal with these corporations. II wa, the orly power
| that could BRING an The parcs to combination b"
fore court T., proceedings not of Il criminal hut -
a Civl character.
Mr George asked Mr. sherman whether tie standard
oil Company was NOT corporation under -" Law =
Ohio and whether the Lcsi-nturc Of That state could
Mr. sherman replied that the standard o Com
pany had been originally gained with ih" modest
capital Of S.oO.oUo. int that there "'ie i"r' or
had been In favor II general law dec lhfInr certain
contracts null and void bat he hai modified h.f
proposition to meet tho VieEr OF other. WHO Thought
he going too for.
Nh vest objected 10 the ill because in Dbl. iuis
mcnt. IL would effect noihinr. hc'au.". a- k,Nt"s.
he believed that the supreme" Court would not "ni.r
IDEAS 81 the lmtafon, Il tie Constitution h"'aui"
il was against The letter and spirit Il the ud,iat
Act Of 1853. and because IL va. sound and fury.
>glifyiug nothing VT. Ii-cork spnh" against Tire
+ iill a, not promising auf relief NJ. Teller I'D vol
believe either. that the bid would abort r-i'f
r.aiu-t N" evil ~" ihol-h' ihat u would ir vel
20 remit the hill 70 the judiciary Committee. The
/ lill vent over til &" MORO" without action.
conference" wa. agreed 20 the IrE NOV Der
cheney iii and senator Hale ALLISON and Cochgcll
were appointed confcn'c' on the part Of The : n'i'