The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1899-09-20

are SO few, it would be difficult to find
| them. Jay Gould used to grin. when
| the journalists denounced him as a
railroad wrecker, and quietly remark
ed, that the journalists were quite too
anxious to be given points, by which
they could make something out of rail-
road wrecks. Every man who has in
vested in trust securities approves of
| them. The men who have not invest
| ed, denounce them as dangerous 20 the
| Republic, but at the same time, they
| desire to provide for their families"
| and if an opportunity presents itself
| TO make money through a trust, it is
| not neglected.
| The honest farmers denounce trusts
| but promote them whenever they can
| see dollar in the business. The Cali
fornia Raisin Association is a trust
| owned by farmers. The walnut-grow-
| ers are united in a trust Over 1000
| orange growers are also in trust The
| grape-growers of New York and Ohio
| have formed a trust. There is a pow
erful milk trust in the Eastern States
| in which the farmers are the principal
owners. The honest sons of toll are
| more than willing to form trusts, pro-
vided there is an honest penny in it.
| Any law which controls such trusts
as the Sugar and the Cotton OIL and
the Steel trusts, must affect these
farmers trusts as well.
In spite of hostile legislation, public
sentiment is in favor of any form of
industrial combination out of which
| money can be made The persistent
hostility of the people to trusts in the
past, was due to the fact that only a
few persons We're interested in, and
controlled them. AS the people be-
come familiar with the methods of
trusts which apparently provide
royal road to fortune, the opposition to
trusts will be confined to scholars. and
those who are left out in the cold.
AS for the future of trusts, they will
be disposed of by economic laws
Water cannot rise above it's level, and
trust investments, in the long run, will
position of immutable economic laws
Trusts are the logical results of over
production. The enterprise of Amer
lean ingenuity and brain creates an
output of manufactured articles which
cannot be entirely sold. The trusts
relieve inevitable disaster.
The recent epidemic of trusts on the
Mainland is primarily due, however, to
another cause, the desire to make in
slant fortunes. The business man or
manufacturer reflects on the subject in
this way; why should toll from year
to year, worried by anxiety about labor
and markets, and competition, when
can sell out my interests to a trust
at sum which exceeds by three hun
dred per cent what l have invested in
it? l take so much stock, get rid of
it, and go a fishing for the rest of my
life. His neighbor says, But the in
experienced. the widows and the or
phans buy your stock, and will lose in
the business. Why should they buy
stock which you do not care to hold?'
The reply is, Il am not the guardian
of such people. Business is business,
and each one looks out for himself
This is the present state of CONNER
cial warfare.
Trusts will finally give place to CO.
operation, as the owners of trust
stock Will in the end be the employees
of the trusts. The change will not
take place for some years, but it will
undoubtedly come.