The Roanoke times. (Roanoke, Va.) 1897-1977, 1897-06-30
SHERMAN ON TRUSTS.
He Declares That They Sap the
Life Of Trade.


nounced by all peoples.
ga combination Of capital seems ON the
face of it fair enough, but it breaks down
competition and destroys small establish
ments. favor making unlawful all
combinations and restraint of trade In
the post direct manner possible. Trusts
put few men in control of industries.
in which many should compete John
Sherman, Secretary of State, to the Jour
nal in an interview.
The Republican Secretary of State ar.
rived in this city from Washington at
O'Clock last evening. He registered MT
the Fifth Avenue Hotel.
"I am here said Mr.. Sherman. to n
Journal reporter, ito attend meeting
OF the board of directors Of the Pittsbure,
Fort Wayne and Chicago railroad. /
have no business to transact except this.
and shall return to Washington as soon
as it is finished. u
In the course of the conversation in re-
gard to the popular condemnation of
trusts and oropolies, Secretary Sher-
man said
Trusts are altogether the most i'm
portant question of the day. 1t is
claimed by those who form them that the
effect of their operation is to lower
prices, but don't think so. In my opin-
ion trusts should be vigorously re-
strained. The present tendency of bust.
ness is toward combination, to conrol
prices and OUTPUT.
1.-The Western Union Company is q case
in point. 1t virtually controls all of one
kind Of business. In like manner combi-
naions are made in nil kinds OF Industries.
TRUSTS are wrong in--principle, even
though they may lower prices, for they
prevent hcalthful competition. People
have an inalienahle right to compete on
! just basis in every line OF industry.
1.-The restraint Of trusts will become
effective when we can get the proper kind
of Il law. Against tremendous opposition
the supreme court of the United STAGES
upheld the present anti trust law, but
pointed defects in it. The law is not
strong enough 1 wrote the present law,
but the judiciary committee, to which it
was referred in the Senate, made changes
in it that greatly weakened it..
~ favor making unlawful all combina-
tions in restraint Of trade in the most
direct manner. They put into the hands
of Il few men the control Of all indus
tries. Combinations seem on the face of
them fair enough, but there is no doubt
that they break competition and destroy
small establishments.
ut is said That protective tariff fos
tiers trusts controvert this statement.
whenever trusts combine to control
prices the tariff law is made to defeat
the attempt. The people have n right to
the competition of all the--world. There
is justice in the prejudice in which trusts
are regarded. When man makes money
on fair basis TO man envits him his
wealth, but when man makes a fortune
by the operation of a trust it has always
been denounced by all PEOPLE -
when Is the prosperity which the Re-
publican party promised to the people
last fall tc dawn" Secretary Sherman
was asked
The tariff bill will become law some
time between July and 10, in.my opin-
ion. 1t will raise enough money to meet
the expenses of the Government, restore
confidence and cause the employment of
all the idle
""What do people think of the Greater
New York election:''
THAT is of great Importance in it's
be uing Oh national politics. If New York
s'ould 90 back on the gold standard it
would he u serious matter. Who liz leing
talked of fol mayor!' Secretary Shcr.
man asked
''St tn Low is the candidate most dis
cussed on the Republican side, although
the Republican machine seems to be
against him.
II know Mr.. Low very we'll He is
very bright man and would make an ex.
cellent mayor
you have an important election in
Ohio also."
eyes: and believe Mr.. Hanna will he
chosen Senator. The campaign will be
waged on the money issue, and I think
on this the Democrats will divide. But
ohio is peculiar State. The people
take things into their own hands there
and vote rs they may please. We have
no bosses in Ohio. We do not need to
In
because the people vote rs they think
they should. In all my Senatorial cleo
tions did not need, and did not do. any
manipulating.
II doubt whether the Haw allan annexa-
ton treaty is acted upon ut this session
of Congress. A treaty is ACCOMPLISHED
by two thirds vote in the Senate:annex.
alton ny vote of the majority of the
Senate and the House. I do not think
that the annexation of Hawaii would be o
detriment to the Japanese; on the con-
trary, it would help them In nv op,n.
ion n majority of the Senate is favorable
to the annexation of Hawaii but many
OF this majority do not hol the annexa-
ton of Cuba III similar favor
"Will the matter of finance be taken
up" ''>
mo, it will not. There is no one pre-
pared to decide the currency question. 1t
Will, however. tie the chief issue in 1900.
is 1t true that new arbitration with
England is being prera ~
81 must decline to discuss the matter.
1t is very delicate one and am not nre-
pared to say anything about it. New
York Journal
Hundreds of thousands have been in.
duced to try Chamberlain's Cough Rem
edy by reading what it has done for 9TH