The evening times., 1898-12-14
THE QUESTION OF
TRUSTS Discussed
Second Days Session of the
National Board of Trade.
CONTROL OF M0N0P0LIES
The Report Severe and Logical
Arrangement.
Advocate National Trade Mark Reg
CONTROL OF MONOP0LIES
Advocate National Trnde-Nark Reg.
istratfon Law-Naval Niiitia
Urged.

annual meeting of the National Board OF
Trade was begun at the Shoreham this
morning.
On motion of G.. Waldo Smith, Represent
ing the New York Board of Trade and
Transportation, a resolution was adopted
that the National Board of Trade reiter-
ates its action on former occasions and
respectfully urges upon Congress the
grave importance of enactins a national
trademark registration law mt the earliest
moment possible.
On motion of Mr.. Smith a resolution was
passed that the National Board of Trade
earnestly favors the adoption of an Ameri-
can system of navigating naval reserves.
and urges upon Congress the passage of
j law providing for the creation OF naval
reserve
Mr. Smith made a speech in tehalf of the
II o.ution and read f ON he a! nu i re 1yt
OF the Secretary Of the Navy those parts
referring to the services of the Naval
Militia. Mr.. Patterson. of Pennsylvania.
moved that the board indorse House Bill
No. 634G This was done.
The next topic reached b. sha board
WAS that of mixed flour Mr.. Smi OF
-Ntsh VI n MI I-thiAol T. vi III Neito Ill
Thurber, OF New York: Mr.. Kl %
Philadelphia and Mr.. Smalley of Chi
caso. spoke on this subject The disc =
sion y suited in the adoption Of Il re o.u-
tioa proposing that mixed -four b 50 de
fined in the internal revenue bill as not
To include self-raising flour Ia be used
without further admiXturc of salt yesst
or baking powder.
Mr. Iialpcn presented the report CI 1 {
committee on control of mCnopgl os
This report set forth that truss W -
against the interests of the publ T. II
operated Ia drive competitors out of eX-
iStence. reduce wages and increase the
cost of its products e. cOnsum Is Tn"
report WAS severe and logical arraiGa-
meug Of trusts. One-fourth Of our clD.tal
was under the control of clmbinatio :.
The report recommended that all at Z
made by trusts should b. comp ID 20
submit To competition with for, ign
manufacturers. No tariff prots ct on
should be given to trusts. All uust, are
in restraint of trade The report quot al
the rules of common law and pointed Mt
many modern discuss -ons to emphas
the argument thai combinations Of ca i
tai are contracts ia restraint OF trace.
The report was applauded.
MIR. Smith made minority report from
the committee On control of moaopolies.
He held that there were no such things
in existence aS monopolies OF. trusts. He
admitted the existence of combinations
Of capital. but held that these combina-
lions are legitimate. To ask Congress 10
restrict business further than il already
had restricted il would be wrong and
would come with bad grace from an asso-
citation of business men. Goods could ne
furnished cheaper by great agsregationS
of capital
Mr. Berry of Chester. Pa. said that a
trust was a conspiracy and the proper
subject OF restriction laws But these
trusts were the result of conditions of IL
nance. Men had to organize themselves
into trusts because there was a toboggan
slide of falling prices, due to the fact that
the volume Of money did not increase in
the same ratio as did the volume of pros
pority which this money was called upon
10 measure.
Mr. Craig of California spoke against
trusts. He admitted the Legitimacy Of
combinations of capital within certain
limits These combinations often ex-
ceed legitimate limits
Mr., Thurber of New York defended
trusts and read statistics to maintain his
position.
Mr.. Stone of Chicago spoke in behalf
of the resolutions. He said that they
were conservative. He held that the law
permitted men to combine. but did not
permit men To make contracts in restraint
of trade
The resolution brought in by the com
mittee on control of monOpOies were put
to a vote and lost These resolutions fol-
low:
Resolved, That combinations of per-
sons and capital tending to the increase
or decrease of prices of articles required
for general public use, and which shall
stifle full and free competition. are To be
deprecated.
Resolved, That so far as it may be
consistent with full liberty of trade. Con-
sress is hereby requested to use it's power
10 prevent such combinations"
A two-thirdS vote was necessary 10
adopt The result was s. ayes and 10
nays