The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-05-26
OPPOSITION TO THE TRUSTS.
KEY NOTE SOUNDED AT A BIG
DEMOCRATIC GATHERING.


should ObIiternte These Gigantic
CorpOratiOns-Repu Party
Cannot Do 1t Because the Trusts
Control 1t.
ST. Louis, May 25.-Promptly at 6:45
o'clock this evening the caterers direc-
ton bell rang, the band struck up THE
Stars and Stripes Forever" an army of
walters, laden with viands. appeared and
the mammoth Democratic antitrust
banquet was on, while the
1455 banqueters seated at the tables
broke into a tremendous cheer, rising in
o body and waving the small hand flags
that had been provided at each cover
The table of honor was placed on
raised platform at the north side of the
arena and at it were seated Hon. w. ].
Bryan, ex-Gov. John P Altgeld, o. H.
P. Belmont, NJ. c. Wetmore. Harry B.
Hawes, president of the Jefferson Club,
under whose auspices the dinner waSgiv-
en-; Hon. Champ Clark, Hon. David A.
DeArmond, and a number of other prom
ineut Democrats.
The Coliseum was decorated throughout
with flags, and in the center of these was
fixed a large silver shield.
The dinner was concluded at O'Clock 1t
was strictly a love feast. BY the time
the tables were cleared the 5000 seats OF
the ampitheater were filed with specta.
tors representing the society of St Louis
and the speaking began. The first speaker
Of the evening was Harry B. Hawes, pres
dent of the Jefferson Club who delivered
the address of welcome. Mr.. Hawes said,
in part
sentiment Against Trusts.
1T was not intended that this dinner
should be merely the means of affording
entertainment, but it was believed by its
promoters that the serious discussions TO
be held tonight will be the means of crys-
tallizns sentiment against the encroach-
ment upon the liberties of the peop.e by
the giant monopOlies and trusts. 1t is NOT
sought or desired to push to the back
ground the vital issues of 1885, nor to lessen
IN any particular the fight to be made
upon the greatest of all trusts the money
trust which, greater than all is more
dangerous than ALL and by its existence
renders possible many combinations OF
wealth, that, without it, could not sur
vive.
lne battle line must be drawn sharp
ana clear with democracy on one hand
and the trusts and the monopolies on the
other"
PRESIDENT Hawes was followed by Hon.
CAanp tI1rk Of Missouri, who presented
He STATE and district banners in the name
oL lne state committee. Mr.. Clark was
site'd with tremendous ovation
81. lfusts and Democracy" occupied Coz.
NJ. Z. Wetmore, of st. Louis, but a few
MINUTES His remarks were greeted with
cheers
fnlNOurb1 hxr H.
Armond of Missouri, who spoke upon
trusts and its Parents"
Cheers Drowned Music.
me applause which met Mr. Bryan was
ol the most fattering description. The
cheefs drowned The music which struck
op Hold the Fort" as he advanced to the
4Iont OF The rostrum.
M. bryan spoke as follows:
An actor who visited Nebraska recent
~ upon learning from a Republican that
Connoence had been restored, remarked
NAY ne mad examined Webster's dictionary
10 learn what confidence" meant. and
FOUND confidence defined as trust" and
taen he undertood that confidence had
heen really restored.
More trusts have been formed during
me Iast two years than existed at the
H D1s'"hlhs OF the present administration,
"'' Inc nominal capitalization of the
INs'S now IN existence approaches, if it
ooes not equal in amount, the worlds
".m @ supply of gold and silver
Inc influence of these trusts has be-
o'He so enormous that the people, with
CUT respect to party, are asking themselves
"o" the evil can be reniedied.
Purpose of the Trusts.
Ihe purpose Of the trusts is TO control
e He product of some article of merchan-
uS'' ana the methods employed are, first,
y"e union Of ali individual factories under
ong management or in one corporation,
V'1 second, The crushing out of new rivals.
oNopoly when once complete not only
-'"'es terms 10 those who buy the pro-
rI-T Dul IL also dictates terms to those
~ sen the raw material and to those
""0 iuinish the labor. If the trusts are
'"'lltd to continue we shall find an in
,s'i 'a' aflstocracy growing up in the
t"'e1 states which will prove as destruc-
would az
Inc principle of monopoly is incom-
l""oIe with our Institutions Mans neces-
compel him to become purchaser,
.U "nere there is but one seller the pur-
S7' IS completely al The mercy of the
SI' Where there is competition between
+ou0eers, the purchaser is sure 10 oblan
o-"' Ne wants at reasonable price. When
.. r, Nuon Is eliminated the price is con-
~, -,io1' not by reason, but by the greed
'e one who possesses the monopoly.
Have the Power to Tax.
:. mas been said that the power to tax
poWer to destroy. monopoly pos
ss Ine power to tax; it can levy such
ar3 .'Hents as 1t will upon the purchaser
WE can no more afford to permit such
dh.e", to be exercised by private in
04's than we could afford TO author
rf. t'Nate individuals 20 use the ma
IT, ct taxation in order to enrich
l6v.s selves al the expense of their fell
p,o'. soFernment would be guilty Of
neglect II it permitted an individual
'a4 monopoly even without legls-
rstI 'ssstance, but il is stIl more cul-
b. by legislative act il furnishes
clre5 na by which a monopoly is Sc
en- he corporation is the means now
yea by these who seek to secure
fo...,..lopoly. Since the corporation Is
ros.l- person. created by law. and the
an laat creates can regulate, restrain
t tNltate To saV that tho govern