The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-09-15
CHICAGO
CONFERENCE
ON TRUSTS.
The Morning and Afternoon sss.
sions Were Listless and ofa
somnoIent Character.
LIVELY NIGHT SESSIONS.
Governor Pingree the Star Attrac.
hon..Ex.GoyernOr Foster on
the Benefits OF Trusts.

CHICAGO, Sept. Il. = Enthusiastic
interest and crowded hall put to-
nights session of the conference on
trusts sharply in contrast with the
forenoon and afternoon gatherings.
central Music Hi was packed with an
audience that represented nearly ev-
e7y class of people. Governor Pingree,
OF Michigan, was the star attraction.
The governor was received with ap-
pluuse so fervent that 1t was several
minutes before he could proceed with
his address. He was obliged to rise
several times after taking his seat and
bow his Acknowledgements before the
audience would allow the chairman to
introduce the next speaker.
The house was divided against itself
during the address OF the next speaker,
ex-secretary OF the Treasury Charles
Foster. The audience finally became
so demonstrative in interruptlng the
speaker with questions and remarks
that delegate asked the chair to clear
galleries unless the interruption
ceased.
The afternoon session was devoted to
the papers on the Relation of Agricul-
ture to Trusts" Dudley wooten act
ed as chairman for the session, but pre-
sided over delegations even thinner
than they were during the forenoon.
An eastern delegate slept through the
entire session, a pronounced example
OF an ennut which affected many others
to a less degree.
Samuel h. Greeley, Of the Chicago
Board OF Trade, spoke on "The Protec-
ton of American Grain Markets From
Railroad and Warehouse Monopoly"
He was followed by j. c. Hanley, of
st. Paul, delegate from the National
Farmers Alliance and Industrial Union.
Aaron Jones, Of South Bend. Ind, mas
ter Of the National Grange. declared
that the farmer was opposed to no
other branch of industry, including
trusts.
The last speaker of the afternoon was
Major Benjamin r. Tucker, OF New
York, editor at an anarchIstic paper.
He gave his view of trusts from the
standpoint OF the anarchist. The
speakers, with one accord, over-stepped
the twenty minutes allowed to each
speech.
At the close an opportunity for dis
cusslon was offered, but motion to
adjourn was overwhelmingly favored,
and was carried.
Vice President CorlIss, of New York,
presided at the evening session.
Trusts Como 10 Stay.
Ex-Governor Foster. of Ohio, in his
address. said:
"Denounce trusts as we may. they
have come to stay. why? Because
the gigantic business operations of the
present and future cannot be carried
on without them. Through the trust,
the enormous waste that is entaiied
upon business operations by competi-
hpU 10 bhNGu' A4uuOE Will nave luG
better opportunity to enhance wages
and shorten the hours of toll, as is so
signally illustrated in the railroad ser
vice Of the country"
when the trusts shall have been
properly safeguarded by law their Sc
eurIsIes win furnish a means OF safe In
vestment at a somewhat higher rate OF
interest than viii be paid by govern
ment, state or municipal bonds. thus
affording an opportunity for investment
by people OF moderate means.
"a bureau Of government or a board,
similar to the Interstate commerce
commission, should be established, to
whom all trusts shall npply for license
after being Incorporated, and to whom
reports, as required OF national banks,
should be made. The terms of the
license should provide against over
capitalization.
IAN profits beyond per cent should
be taxed for the benefit of the govern
ment 1t seems to me that It is the
duty Of this conference to request Con-
gress to submit amendments to the
constitution, giving 1t necessary pow
er to control the trusts and to tax their
profits"
The next speaker after ex-secretnry
Foster was Attorney General Davis, of
Arkansas.
When Mr.. Davis concluded he Intro
duead Prot. George Gunston, Of New
York.
Attorney General Gather. of Mary.
land, was the next speaker.
a Warm Fight.
At tho morning session Chairman
Howe put before the house reyolu-
ton introduced by F. C. Farr. OF Mis-.
souri,, for the appointment OF the i'm
portant committee on resolutions.
lie called for committee OF fifteen
10 be selected by Chairman Howe. To
this committee, all tho resolutions, nc.
cordIng to Mr.. Farr. were to be referred
without reading or debate. The mo-
ton instantly developed the undercur-
rent OF strife between the factions for
and against trusts. which yesterday
threatened the convention harmony.
An amendment vas Immediately
proposed, various speakers vigorously
urgns that the resolution be amended
to alIow the appointments to the COM
@!tteo to bo made by the delegates