The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-09-15
PINGREE
CONTINUED from First Page,

service of the great combinations, where
their identity would be lost and where
they become mere cogs and little wheels
in a complicated machine. Ambition and
perhaps inventive genius would be dead
ened and killed. independence would ne
lost and a sort of industrial slavery
would follow. Commercial feudalism, he
said, is the logical outcome OF the trust.
the trust manager becoming the feudal
boran. Commercial advantages and di5-
advantages might be argued, he said, but
it would not be honest 70 the people,
either in this conference or in legislative
assemblies, if the effect Of the trusts
upon our national life was not consid-
cred. Governor Pingree believed that II
would be better 10 be poor but independ-
ent and happy as individuals, than 70 lay
the foundations for industrial slavery
and tyranny Equality Of opportunity 70
all men would be better than the control
Of the worlds trade.
81 favor complete and prompt anrEhila-
ton of the trust" declared Governor
Pfngree. with due regard for property
rights. OF course
Ex-Governor Foster Of Ohio was the
next speaker. He said: DE nounce' trusts
as we may, they have come 20 stay.
Why? Because the gigantic business op-
erations OF the present and future can
not be carried on without them. Through
the trust the enormous waste that Is en-
tailed upon business operations by compo-
titfon IS soved. The product and the SER
vice performed Is cheapened. Labor will
have the better opportunity TO enhance
wages and shorten the hours OF toll. as IL
so signaIly illustrated in the railway ser
vice Of the country When the trusts
shall have been properly safeguarded b.
law, their securities win furnish means
OF safe investment at a somewhat higher
rate OF interest than will be paid by gov
eminent. state or municipal bonds thus
a1ording an opportunity FOR inves meat
by people OF moderate means. A bureau
of government, or a board similar 20 the
Interstate Commerce Commission. should
ne established. to whom all trusts shall
apply for license after being incorporated
and 10 whom reports. a. required q na-
tionaI banks, should be made. The terms
Of the license should provide against
over-capitalizatton. All profits beyond six
per cent should be taxed for the benefit o
the government Il seems 20 ne that It
Is the duty of this conference % request
congress 70 submit amendments 20 the
constitution giving Il necessary power 20
control the trusts and to tax their pro
fits"
When Governor Foster concluded the
following committee on resolutions wHs
adopted Ohio. J. 2. Mack Nebraska. Z.
Rosewater. Arizona. ". c. Campbell: Ar
kansas B. J. Brown. Montana. n. II.
Swain; New Jersey. Edward 7. Keasay
North Dakota William r Perkins IlA-
nols, ". r. Jsweu. Iowa. George =.
Clarke: Wisconsin, Hon. John Magic
Florida, Or. John r. Forces; National
Grange. Patrons % Husbandry. 8. II r
lis. Ohio. Illinois Commercial News asso-
cation. Samuel 2. Bonneliy. American
Federation q Labor. Samuel G0mpsrs.
National Alliance Theatrical Sage I'm
uIoyes Union. Lee II Hsrt: United Gar
rnsnt Workers. Henry white. Natienal
Association II Manufacturers Theofers
r Sears Kansas. Job1 y. Hessi1. Ten
uazsee. C. Z s1o3grzss: &cw Hampshire.
Henry Blair. Minnesota. y. g. Douglas
National Grain Growers sTsoCia'ign. s
Greedy. National Farmers Alliance ari
Industrial Union. JOAN 1874 r. Missouri
General F. G. Crow. Traveller Pro.e@-
tive Aaso<la-t5u u Amerzca -. s. ESaa-
len. Sez 1Isxico. q. :. Gavin. E1igets ~
Laser. J. e. EeaonGarbsr- Ss-igrsl strrls
Tax Leaxss LoUs p. Pos. BFiek.zgera
T7tsruaslonal Teton. y y Grady Asss-
cation % Western Manufacturer TFai-
ser Fgetlh01as: TTonsirz. ] Daaa A.
ans. TnfteJ states Arrf--sitE-af re5a~t-
rrsat vTsHAs1Efo-. =. q pro- y ?
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