New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-08
1T MEANS DEATH 10 TRUSTS
WALL STREETS INTERPRETATION OF RE-
PUBLICAN SUCCESS.
CONSERVATIVE FINANCIERs ANXIOUS THAT SUCH
TOBACCO TRUSTS BE BROUGHT Up

WITH A SHARP TURN.
The wi lespre ading and unequivocal OF the
Republican party In the elections Is interpreted III
Wall Street sounding the death-knell OF trusts
The arbitrary action OF the Leather Trust In smut
ting down 100 tanneries and its declaration
when called to account BY the public press that 1t
merely ordered that mo hides shall be wetted'
is being commented upon by sound financial inter-
ests direct affront the spirit and intent OF
the Sherman law. which seeks to regulate trusts
The feeling against the Sugar Trust and against
the action OF the Governing Committee Of the Stock
Exchange in respectfully declining to insist tnat
this trust shall make a financial statement or It's
operations for the last two and a half years. has
taken earnest and emphatic tone within two days
The conviction is widespread that such an unscrupu-
lous combination the Sugar Trust. which Is
ding the market for its own private greed ana
gain. should be held to strict account by the STOCK
Exchange. since Its stock although unlisted consti-
tutes a daily and tremendously important FACTOR IN
the transactions OF the Street and hence that the
trust should not be allowed to enact the role or
hghwayman while seeking to cloak itself In the
Larb OF respectabty puroined from an affinity cool
~ and carefully cultivated with the legitimate func-
tons Of the Exchange
Another Trust whose manipuatons. tergiversa-
tons and alternate bull and bear oscillations have
incurred the adverse regard OF the Street Is the
Tobacco Trust The Street s now eagerly looking 10
Albany. confidently expecting action there on the
part OF the State to take this Trus, firmly In hand
The opinion o. Attorney-General Hancock on the
Whelan application for the Attorney General to
bring proceedings wind up the operations of the
Tobacco Trust In this State is looked for daily:
for Mr. Whean. that the business OF the
american Tobacco Company, commonly known as
the Tobacco Trust Is conducted in restraint or
trade. AMI Is organized conspiracy. whose pur,
poses and methods Involve arbitrary and tyrannlcal
action 10 coerce dealers to sell the goods OF the
Trust against those Of any other manufacturers;
The Trust. In its answer. has taken the ground
that the Attorney General IL 80 clrcumscribed by
statutes that he has authority 10 begin such an
action. Mr.. Whean's counsel contend that the
common law gives this right to. and imposes this
duty, upon the AttOrney-General and that no stat
ute inierferes with this prerogative.
The evidence OF the hgh-handed operations of the
Tobacco Trust Is regarded by Wall Street as over
whelming and the opinion Is freely expressed that
the day for such evasons of the spirit. as well as
the letter. OF the law, is about at an end The
opinion Is emphatic in the Street. especially among
conservative interests that trusts have too long
played devil nay-care role, that they nave been
constant factor Of uneasiness. and that the tri-
umph OF the Republican party means that con-
Certed and determined action VIII be taken 10 re-
move this financial Frankenstein from the power 10
do further evil 10 the great Interests which centre
in Wall Street whose welfare and prosperity. II
H. conceded. depend upon sound, conservative opera
tions. and most vially inerfered with by the
irresponsible operations Of trusts. which seek 70 use
Wall Street a come on In the great green
goods game Of milking the market and making
puppets OF legitimate interests.