Crawford avalanche. (Grayling, Mich.) 1879-19??, 1899-09-28
l<>>><<>>>>> S><>><>><<<>>
Points Made by Trust
Conference Speakers.

WM. J. BRYANT want to start with the
declaration that monopoly In private hands
Is indefensible from any standpoint ana In
tolerable. The entire defense OF the
trusts rests upon q wrong argument.
But | protest In the beginning against set
tling every question upon the money argu-
ment. protest against the attempt p 20 ., ufay dai
every question down to the low level OF DOL
lars and cents Money was made to
be the servant Of man, and protest against
m mat The rst Of
monopoly is TO lower the price OF the raw
material furnished by the people to 1nat
tition every employer has to get good man
to meet competition. / believe we
ought to have remedies In both State ana
nation, and that they should be coneurrent
remedies. What Is the hrst thing TO
be expected OF n trust? That 1t will cut
down expenses. What Is the seeondf That
1t will raise prices. When you pros
ecute a trust In the United States Court 1t
hides behind States sovereignty, and when
you prosecute 1t in the State court II rushes
to cover under Federal Jurisdiction.
Congress should pass a law providing that
no corporation organized in any State should
do business outside of the State In which IL
is organized until it receives from some pow
er created by Congress license anthoTizing
- If 1t is unconstitutional and so de-
clared by the Supreme Court, am In favor
of an amendment to the Constitution that
will give TO Congress power to destroy every
trust In the country.
w. BoURKE CoCKRAN-The remedy,
then, is simply to define practical penalty,
n serious one, and then provide for publicity,
and If you provide the proper statute Of pub
licity you need not enforce the penalty.
Our patience, our vanities, our hopes,
our ambitions are but the delusions which
bind us to the cause of human progress,
making each one of us discharge some tribute
which he owes TO all humanity.
Any Industrial system which operates to
swell the volume of production should be
commended; anything that operates to re.
strict 1t should be suppressed.
believe a close study and careful examina-
ton will satisfy everybody Of this fact, that
the great strikes of this country have arisen
from the refusal Of the employers to discuss
the question at issue between them and their
employees with the agents that the employees
select. An industry or q combina-
ton of capital. or anything you may choose
to call It, that dominates market through
restricted competition that delivers the con-
sumer to II on It's own terms necessarily de-
pends upon narrow output and large pSof-
Its, extorted, not from the excellency Of Its
service. but from the helplessness of those
with whom II deals. These are my
suggestions: Publicity for corporate mis-
management, prohibition under penalties for
special favors right of action against any
corporation whose service Is suspended ex-
cept an absolute defense proved that 1t was
at all times ready to discuss with its en-
ployes questions at Issue between them by
agencies of their selection.
GOV. PlNGhEE-lne Trust IL the 10rerun-
ner or rather the creator, of industrial sla-
very Increase Of wealth of the
country Is greatly to be considered, but II
the people are to he degraded to industrial
slaves wealth under such conditions Is q
curse. - favor complete and prompt
annihilation VI the trust-with due regard for
property rights, OF course. | care more for
American citizen than for all the gold and
silver in the world. IL Is better to cherish
the happiness Of the American home than to
- ~. AEN NIA nl,Iso
The degrading process of the trust means
much TO the future of q republic founded
upon, democratic principles. a democratic
Of democratic population.
GEN. G. r. GAITHER-The control, regu-
lntion and direction of all trusts, whose bus
mess is carried on In more than one State,
should be placed under the Jurisdiction Of
Congress. A similar Jurisdiction over such
combinations operating in a single State
should be reposed In the respective State
Legislatures.
JEFFERSON DAvIS-we have got to re-
construct our judiciary. ! am here to say
God grant we may not--it will be brought
about, In my Judgment, by judge-made law.
SAMUEL II. GREELEY-Railroads are
the mother Of trusts" special rates Of
freight the food that prolongs their exist
ence. When freight rates are as stable as
postage stamps monopoly will then receive
Its first blow.
JOHN w. HAYES-I further assert and
maintain that these great combinations are
an assault upon the Inherent and constitu-
tlonal rights of the citizens; that the real
and vital advantage to be gained Is the des-
potIc control over labor.
Ex-GOv. FOsTER-There should be e.
fo. "A M httro xvh foh nj
trusts must secure licenses and to which
they shall report.