Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1899-01-14

my article, commodity or merchandise |
10 be manufactured, mined, produced |
Or sold In this State, such corporation, |
partnership or Individual or other as
ISOLATION Of persons shall be deemed !
and adjudgcd guilty Of n conspiracy
to defrnud. and be subject to indict-
mcnt, and punished as provided In this
act. Provided, however. that In the
mining, manufacture or production of
articles Of merchandise. the cost Of
which IL mainly made up Of wages. 1t
shall not he unlawful for persons, firms
or corporations doing business In this
State to enter into joint arrangements
Of any sort, the principal object or eff
feet Of which IL to maintain or increase
wages. (Approved June 10. 1907
Sec. 2. 1t shall not be lawful for any
corporation to issue or to own trust
certificates, or for any corporation,
agent, officer or employees. or the direc.
tors or stockholders Of any corporation
to enter into my combination, contract
or agreement with any person or per-
sons, corporation or corporations, or
with any stakeholder or director there.
Of, the purpose and effect Of which
combination, contract or agreement
shall he to place the management or
control Of such combination or CON-
binatlons, or the manufactured product
thereof, In the hands Of any trustee or
trustees, with the intent to limit or fix
the price, or lessen the production and
sale Of nm article Of commerce, use or
consumption, or to prevent. restrict or
diminish the manufacture or output of
any such article.
O. ANY PURCHASER OF ANY
ARTICLE OR COMMODITY FROM
ANY INDIVIDUAL. COMPANY OR
CORPORATION TR ANSACTIN q
BUSINESS CONTRARY TO ANY
PROVISION OF THE PREVIOUS
SECTIONS OF THIS ACT. SHALL
NOT BE LIABLE FOR THE PRICE
OR PAYMENT OF SUCH ARTICLE
OR COMMODITY. AND MAY PLEAD
THIS ACT AS A DEFENSE IN ANY
SUIT FOR SUCH PRICE OR PAY.
MENT.
A number Of trusts that are eating
the lives out Of the people have been
set inside for disclplining;
But the trust which the farmers are
after. and in fact nm Of the grain deal.
crs Of the State, IL the infamous Ele.
vutor and Warehouse Trust, created by
the last Legislature.
Methods Of public warehouse men In
dealing In grain were seathingly de-
nOunccd ut the recent meeting OF the
Grain Dealers National Association In
the Chicago Beach Hotel, and the
speaker who presented the arrange
mont, Samuel II. Greeley Of the Chi.
cago Board Of Trade. threatened that
II legislation did not soon relieve the
aggravated condition, It's abolition
would be made the substance Of pop.
ular demand backed by force Of arms.
The speaker laid the responsibility for
the condition he deplOred ut the Govs
Of tho railroads. accusing then. 81 fos.
tering monopoly by granting special
privileges to the warehouse men. He
said In part: '.rhe grain trust In Chi
cago, NJ represented In the public ware.
house men, II one OF the most gigantic
and harmful trusts In the world. The
great public warehouses are now under
the management OF men who derive
their power from the railroads. Prior
to 1885. before these men obtained their
power. there WINS free competition on
the floor Of tho Board of Trade. AT
that time the public warehouse men en-.
tered the grain business In competition
with dealers who were forced to pay
threc-fourths Of cent a month for
storage In the warehouses. The public
warehouse man Is q licensed servant
OF the State. and owing to the advan'
tage no derives frsm not having to pay
this storage toll, he Is enabled to con
troll prices. The warehouse man car
also sort the grain stored in his ele
vator. remove the best and obtain II
cents bushel more fer It, Great guam
titles Of grain stored by dealers In these
warehouses are boarded for storage
charges. The market Is 'beared' until
prices are such that the warehouse
man can buy the grain at a low price
besides rcaplng the storage profit. The
present methods are nm encOura cement
to bucket shops, and bucket-shOp galn
bling serves the purposes of the ware
house men In bringing the price Of
grain down below the cost OF prOdue
ton. The warehouse men IRE virtually
the railroads. who reap the profits"
The Ice trust, menace to everybody
will come In for dose that will shake
1t to the foundations.
There arc several other trusts Just as
bad that win receive much attention.
&eA
Time Is most important element in
uncarthing the criminal proceedings OF
'LegislatIvc B00diers." But 1t will
take but short time to bring to Justice
the warehouse bOodlers of 1907. VIVA,
will the Saagumon County Grand jury
do regarding the matter?
| The man Of the hour I'm the Forty
first General Assembly will he the man
who IL possessed OF the courage of a
Judge Waterman, and one who will In
troincc n resolution for an investiga,
| ton or Gas. Railroad Consolidation
aud the Infamous warehouse" legisla
ton, aud fight for the resolution to a
successful finish.