davidaulloa/AmericanStories huggingface dataset:
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29
ACKNOWLEDGEMENTS KING.
Trusts are = Menace To the security aud
wsii.bsing Of the People.

Hon. W. n. King, cx-conRrcraman Of
Utah. said Various cuuuun may be
ngcfibcd for the organization u trusts,
hut certain II II that the advocates %
this congestion Of capital cannot give
any reason that In morals warrants the
maintenance u these nonNtfoaiticr
existing upon the political and indus
trial organism. II II be- conceded that
they cheaper production. still the great
advancement In Industrial development
and In the instrumentaliiies utilized In
labor productions. ~ nccsHlltatc result
IN chcnpcning the products OF hand and
brain.
No refinement Of argument can con
vince the people that trusts arc bcnc-
fciai. They ara organized chiefly for
the purpose Of crushing out compcti.
tion. In this agc everything tends To
larrcncnH, There h congestion every
whcrv. The spirit ~ concentration
human cndenvor. To be dcfpOts and
monnrehs In Industrial circles IL the
ambition OF some persons. They de-
sire TO place the industrial world under
their control nn Caesar aud Napoleon
sought 10 cnnlnvc nations and empires.
That their existence II Injurious 10 the
people Il but 10 state IA Heif-cvidcnt
fact. The small manufacturer In the
small town and tho larger mnnufhc-
turcr IN the Htill larger town nrc forced
10 the wall. the firld for tho employ
ment Of rural communities n injured
the home market ccuHcH TO exist. the
advantage which accruoH from the dlf-
fusion OF business IN lost, iiy con-
trolling the avenues 81 production the
trusts can regulate tho supply. and as a
consequence. determine the price. Their
gains are proportioned TO their con-
science, They can make trade GER
tain or uncertain.
The results VIII he the same In trade
circles, as are found In financial circles.
where the control of the currency II
placed IN the hands ~ private persons
The desire fof speculation. and Ia make
enormous profits, VIII prompt the trust
producers To keep the market fiuctuat.
Ink 10 the great dctriment OF the buyer
and the permanent evil OF the connum.
~. The condition of France and other
European nations In the fourteenth
century will md somewhat Of parallel
In this age " the growth OF trusts
continues They create such a mono.
poly as 10 be n positive menace To the
security and well being OF the people
The national Congress and the
state legislatures should give this mat.
ter immediate attention. Stringent
laws should be passed and faithfully
enforced. having for their object the
destruction 81 trusts. or course with
IN. present Senate, and many Of the
| Federal courta constituted by and ful
| the benefit Of capital only, some time
must elapae before this remedial legia,
latlon viii accomplish the desired no
| suit"
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29
nnyrnxon WrLLss yIrws.
Al Ira Of rru.,s. Combines tndns'r'a' ~
,ehpmsnt aud Prosperity

There Ia no question hut that INC
,,--gut Il an era 81 trusts ana com
iIner II IL also AN eta OF steat w,
dustfiai development ana ha,ions
prosperity. Both nrc the nasu," who
growth Of flush times People WI
haye been saving their money since W.
panic 81 1893 are Willing 70 pai' WI
u no,y They are iooHening thclr purse
rtfings lust as they frightened mem W
nc panic. The result II abnormal punl,
ness confidence ana plethora "'
money seeking Investment. -.
I'm order TO make greater chrWnhs
nm their Investments and incrranc the
value OF their plants. owners OF pt"p-
efticn are anxious to combine ihelr ln-
terrsts 20 M to control cofnpcution' ".
duce expenHeH and advance prices ~
All such combines were made UPON
l..itmate basis with solid lndustf'es
.rAind them. there would NOT p' ~
much TO fear; hut o. 'uuirs a.
hope for such a condition would pc NJ
itideacent dream. 40 long aA sucker
continues TO be born every inilut''
therp will continue 10 be promoters VINO
wW mari them from their money, :"
long az there continues 70 De csolthnlv.
SPECTATORS with pots OF money, uere
VIII continue TO be gigantic cnterprlss,..
raated under the guine Of 'lndus'riNus
with little or no merit behinh theih, "
T. Inevitable that sooner or later u
COLLAPSE will come, II " not question
81 NJ hut when Speaking IN a ma
tiounl sense, We ate running AZ hish
pressure. and the dangers OF panic az
some time In the future are very sr.A,.
80 far as Legislation N concetn'n, "
cannot avail much against pubic ncn-
ument, but certainly II can prove help-
fui In preventing frauds, riFnunk eNih
of public nature and In shielding INC
wiak and unwnry. Congress Hhpuld ret
the example In shaping and providins
neceasary laws and the States should
follow lis example. iiut laws 10 pre-
vent pools and trusts have heretofore
proven lnmentAbly impotent' Tine DC.
sired ends are usually accomplished
through unwritten eontrivarcea OF
'gentlemen's agreements ana uhe
POOLS and trusts continue 10 do business
at tho old stand.
I'm regard 10 local conditions. much
M the ciosing OF some OF our rmoltcIr
u 10 be deprecated. ! SEQ no lhmeula,r
cause for alarm. II II be true. as "
currently reported, thai the hmel,oI
combine In determined TO advance we
price of silver at least To reNeny-hNe
cents an ounce, and II II shall prove
tucccaHful the benefits TO our lnbofinh
men IN the now fields Of labor TO be
furnished by the opening " our silver
mines. 10 long dormant. viii more than
compensate for the closing OF few
shelters. And n the combine can keef
the price Of silver up, II may also keel
the price Of lead and copper up, ana "
such shall prove To be the case, thr
attendant advantages to Utah In every
department. OF Industry VIII OF course
be very great"
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29
JAMES ~. MOxLr.

Hon. James N. Moyle, prominent at
tornry and chairman 81 the state DEM
ocrntic committee. said
THE purposes ana effects OF trust
IL 10 destroy competition. 70 make
money for their owners. by determine
ing the buylnF and selling prices of the
commodity In which they deal or which
they manufacture, A. 10 the cause 81
the organization ~ trusts, l believe y
10 be the increasing aecumulniiona OF
capital In the hands Of the few who
constitute tho money power ~ the
world The great controlling power ~
the world II the money power. con
troll Of the Industries ~ country sig
Mines the control 81 the politlcn NJ tho
country and 81 governmental policies.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29

end corporations and trusts are organ
lied under the forms u law 60 control
commodities and the necessities Of life.
They close down factories. mills and
other Industries at their plcasufc. 10
lessen production and raise prices. and
with their combined capital whole COM
munitlca are made aubrcrvicnt 10 their
viii aa to how they shall vote and what
laws shall be enacted FOR their protcc-
tion.
THE main cause contributing TO the
support " trusts and monopolics ARE;
"FirSt-The control ~ money by pri-
vnto banks and corporations.
"Sccond-Ownerfhip Of public utilities
by franchises given away to private
corporations by the peoples representa-
tivcs.
Thlrd--Raliroads and transportation
companies discriminating on frclghtr
against the public and In favor OF
trusts and monopulieH.
''Fourth-Corrupt legislation favorlng
monopoiics.
"IeClalatlon needed; Firt-MOncy
being creation of law and a power for
good or evil should only be- iesued and
distributed by the governmont-fuii
legal tcndcr--ln such quantities NJ shall
meet the demands Of business ON a
cash basis.
''sccond-Thc necessities ~ life
fhould DC oWncu anu cphN"il'n ny th'
people.
''Third-Tnnsporint being ne
ccssity and controlling the value ~
commodities. thu railroads should h.
owned aud controlled by the govern
ment--thc pcople-whu have the same
right TO condemn roads for tho public
good that the railroads now have 20
condemn riTht ~ way through pri-
waite lands: corrupt legislation can h.
remcdlcd by direct legislation. the poo
pic demanding that all laws
shall b. subject 10 accept
nnce or rejection By majority
vote. Under our form ~ government
the people are the source NJ all power
and tho only authority that our gov
eminent Inns for existing " that ~
laws shall b. enacted and administered
In the interest Of all the people instead
81 n favored few. Az property II under
the control ~ law and no man or com
bination ~ men should be- allowed &
use their wealth 60 the injury ~ thi
community. who's. support makes u
available. The people by their vote
can correct the evils that aflict them
VIII they do sof or cnniinur the sup
port 81 political parties that mistVp
resent their true interests"
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29

Espresso. Himself In Characteristic style
aud Fore. on Aggregation OF wealth.

Hon. Henry w. Lawrence expressed
himself la this wisei
u am asked my views In regard to
trusts, their effects ON trade and what
legislation. II any, Is needed 10 check
their operations,
I'm the early days OF our history the
American people IN the free States
prlded themselves that they We're living
In a land where labor had free cDmpcu-
tion aud equal opportunities In the
struggle OF life, The farmer. artisan and
tradeaman, with the rudcst implements
o. husbandry and machinery, were able
10 earn respectable living for them-
selves and families and receive the full
worth OF the product OF their labor,
While today with all OF the labor-aiv-
ing machinery and che Inventions "
tho age which were Intended as a bless
ing 10 nanity. labor. the creator 81
wealth. can only purchase with It's
wnges one-fourth of what II produces,
ths rest going Tor the capitalist. trans
portntion companies and the manipula-
tors OF iabor's products; and to this
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29

shoaid Not ne n Parry Question Any More
Than Grand i.rceny.

Trusts and combinations TO control
prices. the wages OF labor. the cost OF
transportation. and the opportunities TO
gain the means Of living are not only
detrimental 10 the general wclfarc ana
a menace to human liberty, but thcy
are mgds Illegal and criminal both ny
tho national and state laws, This
ought not 10 be n political question any
more thar grand larceny. II 10 OF vital
intcr,at 10 every citizen that these laws
should be enforced aud these criminal
Institutions suppressed. They survive
and spread themselves like an octopus
over the land by reason OF the failure
60 execute the law. Public prosecutors
ought 10 be apurred on by public sent.
fnent TO do their duty and Furnished Az
noes snary aid 10 enable them 10 per
form II.
"our state laws seem quite adequate
N tigidly put Into operation To rid the
State at least % this evil"
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29

II think the protective tarln had
much 60 do with the origin % trusts
but since rich men have found out ~
observation what trusts can DO. udnth
are bclng organized TO cover Industries
that are not nov and never wcre pro-
tocted by the tariff. Monopoly " the
hurtful feature. for monopoly always
makes the etnrfomcfs pay more. ana
fofcsa out the smaller competitors,
trust might b. organised IN thinks
which are not protected by tarin. but
In which a monopoly Il possible. While
the trust II forming. IL RESULTS may
bc beneficial by lowering W. prices 70
drive out competitors hut the mai re-
suit l. higher prices for the people 70
nay. IL tr,iats go on forming. IN"
whole business 0f the country VIII Dc
controlled by few mon ana INC
rrcat bulk o. fho p-opie VIII be de-
pendcnt upon the particular trust they
happen Go b. working fpr,
sNorre. however. than the induntrih
nrc the political and other cNilai Tor th1
politieni control 81 the country VIII tcrt
with the employers ~ men. Men VIII
entirely ioae their political independ-
enc. when their political action u
dictated by thcir employers. When We
nnaliy come 10 the place toward whieh
We seem a. b. rapidly drifting, whvrc
Few men DO the thinking and the ON.
srs do A. they are told. We VIII hnd
that q republican form ~ Eovernm.n,,
can exist without the substance OF ".
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29

'arhe object Of trust Is to raise
prices and thereby o. tax consumers,
They arr enabled 20 raise prices, rs
soon as they strangle domestic compo-
tition. by reason of the protective tar.
IN. In my opinion the operation OF
trade In the articles covered by the
trust combination, II places the Indus
try Involved upon "a purely fictitious
basis So FAR as legislation II con-
cerned. / may say that whenever a
trust N formed and put Into operation.
il l. conclusive evidence that the tarir
on articles affected y hlsher ihhii ~
required for any legitimate protection.
ana legislation should be exercised 20
reduce the tariff to a basis that Will not
permit, much less protect and shelter
such combinations"
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29

Talk. Of IN. weaiisn NH Combine ana
say. Trusts are Preferable Ia Death.


Provo. April el.-"in annwcr 10 maui.
~ for my opinion regarding trusts. I
prefer not 20 give an opinion on any
auhjoct that I am not positive OF ana
therefore l will combine my HtRleinents
10 the question ~ the formation "
gooien mills into what n called trusts.
FOR I know the cause of their orEanitt-
lin and briefly told II as follows
sin the United states there arc
enough wooden mills TO produce IN
eight months all tho WOODEN Eoodh
required for twelve months, anu hcnsr
there are four months, on an ayerage.
81 each year. the wooden mills ~ Amer
len should be closed or, " not there
must BE- an over production,
's'ro clore min four months each
wear. and have the machinery dccnyins
by ldicncaa ana the hands scattered,
causes not only great loss ~ IN. CONF
many and employees, but breaks tho
inillis connection with the cloth buy-
er,, either with tholr spring or fall
line and also adds greatly 20 the cost
OF production, Az tnNos, Interest, nxed
expenses and the wages of heads OF
departments are Just the same II run.
ming eight months or twelve, Any mlll
wand prefer to run steady, even II u
only obtained actual cost Tor Us goods.
than slose the mill. This condition of
nffairs has driven the wooden mills into
such rulnouH competition, ana with tho
Que idea always betptr ln"m' We lhuA'
Keen our mill running that ninety
nine out " every one hundred mills In
Tho United states are making goods.
when they do run, az virtually cost. and
il mas resolved itself into this one quea-
,ioni who can stand the strain tho
"puring the years 1899 to 1896 the
wooden mills ~ America did not run
on an average Of one-halt time ana
great maturity OF them existed on their
capital, as bear does
on ITS FAT.
during a long winter; but beginning
with The year 1891. after our new tariff
law was passed, every mill al once
opened up and many ran night times,
and the production was something en-
ormous, aud over production was felt
(cohtlnued on page sikh
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29

Tho burning question OF the day. the
,,es,lon which bids fair to overshadcw
and blot out Of sight silver. the LABOR
.t,.m. the rice conflict and every
M issue great or small. until u
somes TO be grapplcd with and disposed
80 the question Of Trusts.
rn,n now the people Of Utah have
o,iy had a dimiy realizing sense OF
whn, the term Trusts comprehenhei'
Tn.y have seen the theme discussed IN
A.. EASTERN press and the dispatches
~, nav, heard Of the enormous com
hlnatlons of capital formed to absorb
,h,. ar that industry. but up TO the
pr~en, tlmo they have never come ~
actual contact with the thing ITSELF nor
haa IL brought home 10 them how the
operatlons of Trust reach down into
,he lives OF the business mon ana
working men u n community ana put
a stop 10 their energies and Industry as
suddenly and A. effectively ~ ,h'ush
they we're all stricken with par'hysh'
nat the vanguard of the gruat army
nj trusts il herr, and from all indica-
lions IL IL TO be closely followed Ny
others. Though IL has been In opera
,lon only a few weeks. the net result TO
aai. IL two great smelling plants dls-
mantici. 900 to $50 men turned adrii,
10 seek for other employment sso'VOV
40 AZ. 600 a month In cash taken out OF
circulation. Ocss the small amount thA'
may have been added to the pay roll o'
the one plant TO be kept In operation
store keepers In dismay. credits smut
d,en. landlords threatening and gloom
settling over several hundred house.
holds.
IN arrive at the feeling Of the punue
N, me great question. the New ma
vsauested opinions from lca1iik CIV
.Sra Of all parties. classes and Occur
lions. both In and out OF the cliy, Th'
,nauiry put 10 each was ar follows
I'm View OF the entry Into TINS S,a',
Of the Great Eastern Trusts WIZ ~.
Kindly favor the " News WIN y"u'
opinion. within two hundfrl Mvtus' ~ ~
10 causes Of the organization ~
r,,,.,. their .ffcctn on trade. aud what
isEislaiion. IL any. Ii needed to ehee'
TT" The Views oppressed are those Of IN
sentismen Who have rcsponle1' ah.
must not be taken for the u,t.,ano.'
al Inc pcacrct News. Nor Nhoulh " y,
Understood that this paper " oppur.,
10 the rights of capital. or 70 Tue .INa
mower for good that results Nou
foneycd combinations to promote vas
Industrial and other bcn"heiai on's'
prlssa.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29
ing laws limiting the capital stock Of
corporations"
TO SAVE AND PROTECT BUSINESS.
The natural os'ssowth Of the Fierce In
du.trInIIsm Of the Age.

Hon. w. w. Ritter, banker and bust
mesa man. said. II cannot intelligently
answer your question within the limit
you desire, because. like all questions
OF moment. there In much TO be said fOr
and against In my opinion trusts arc
not altogether the result of the
ncheming o. interruptions men TO place
shnckies on the community Tor personal
greed, regardless OF the rights ana well
being OF tho citizens. but are rather the
result Of the fierce industrialism OF the
''The rapld increase and Improvement
OF machinery. coupled with the Increase
Of capital. has caused such a RELENTLESS
competition In all lines % Industry that
only those most fortunately situated
can survive, or nj least the profits of
business ate reduced to a minimum. 20
that capital becoming ifnpcrllcd by
competition reaches out It's hands IN
any direction that promises protection.
ut II lust as natural for n man who
secs his capital In peril TO hold out his
hands to cushion the blow as u " FOR
him TO do no to avert physical harm.
hence trusts are largely formed to save
and protect business from bankruptcy
or disaster. for human nature u about
the same In all men whether In Or out
u the trust.
Though the creation Of trusts IL but
the natural outgrowth u surrounding
conditions. yet I believe them o. be
detrimental to the best Interests N the
state In that they stlne individual en-
terpriac aud lessen the opportunities
for men 20 get living ana consequent
ly. / think, the evils growing out "
them should be lcsscned 10 the greatest
possible extent by wise and Just legis.
iation. I regard the qucatlon one Of
the most momcntuoua We have 10 deal
with. for II effects our civilization and
the safety OF the homo and State aud
demands the application Of best Wis
dom and patriotism Of our best states.
mem
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29

81 do not think trusts are necessarily
an evil. But n they shall be carried
out as To their intent "a their ultimate
object, as i now appears. 90 monopolke
efforts OF all the citizens OF America
40 destroy their power, ! do not think
that the trusts have an understanding
with one another, nevertheless, when
they are being opposed ana prosecuted
they naturally become allies as against
the people. Unless the majority ot the
trusts that are formed and VIII b0
formed within the next few years are
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29

Undoubtedly the central idea with
trust promoters. ~ with civil, military
and social ufTaulzers. " that concerted.
united effort IL better and more sue
cessfui than single. disconnected or
hap-hazard action hut In the case OF
trusts the success j. the thrift - the
combination rather than help Of tho
people, from whom they directly and
Indirectly obtain their right Co cSirt.
As a rule tho effect ~ trusts and pools
In community. state oF nation, are
detrimental and negative In thcir influ-
cncea. no they tend TO brcak down and
discourage self entity. competition ana
genius which have always been ana
now are the hnnd-mnidens ~ proRrur-
alyc people. In the development OF
large resources and constructive enter
prlrcn an exception may fairly be made
In favor Of Htruug combinations, ~ ~
such cases they ere with. rather than
against. public policy.
''our present statute. under the Con-
ntliutionai provision, should be made
stronger and morc vnlutuh AGAINST
trust ururpatlona hy making n tho
duty, under penalty ~ immediate pun
ishmcnt. for the district attorneys OF
the State 90 ~ informntons and ptos-
ecutr diligently any formation. or CONF
hlnatlnn OF attempted combination IN
restraint 81 trade or the raising OF
prices % goods rates or commodities
against the people.
Clearly. Tie great questions for tho
present and future Ntntcemanfhlp are
The proper regulation and government
of trusts aud corporations ana A. =
coroilary ~ these. the development ol
reservoirs for our surplus waters aud
the reclamation ~ our aria lands. The
present law should also be- amended "a
a. 10 make any infrnction ~ the anil
iruH, law a felony IN place o. minhe-
mcnnor for the first ofsnsc."
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29
now TIM Law IL EvApEp.


Secretary OF State Hammond, THE
organization OF trusts | believe 10 be
the result of the commercial spirit Of
the times coupled with tho modern
means OF rapid transit. which permits
orders To be quickly given and products
quickly distributed from common Gem
terr, They could not have existed
ahead of the telegraph and railroad, 1
do not believe they ArV a result of any
legislation existing IN the United States
England was the first country where
trusts were organized TO conduct ana
monopoli1e nearly every line OF busi-
ness.
Every reader viii remember Mr..
liooley and the millions he made In or
ganizing the trusts In England. I do
not believe that the effect of trusts viii
be aH disastrous TO consumers ms "
generally asserted. The successful or
sanization of capital and production
VIII have the effect of reducing the
cost Of production and distribution ~
that, without Increasing the present
prices. capital VIII earn more than At
present, " any corporation that has
the control Of any line OF business or
manufacture, advances prices 10 that
the profit N large that fact viii Induce
the organization 81 other large corpor-
ationH to compete with the flrrt cor
poratinn for Its business and Instead OF
having large number OF small con-
Germs In given field ms now, we viii
have few giants competing for buFl-
ness. These trusts VIII have nm injuti-
Gus effect upon working men as they
win supply the demand FOR their pro-
ducts with less labor and THAI will
throw people out Of Employment. They
will also be prcludiCial 70 tho small cap
ltniist. who deHlrea To engage In busi-
ness or manufacture In competition
with the trusts.
1.-THE United States, and this state.
have laws to prevent the combination
OF capital 10 control prices, but these
laws are avoided by forming corpora
tlons with sufficient capital 10 buy 40
all competitors. This might be pre-
vented BY each state In the unlon pass
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-29

whether the trusts are an evil or not
depends aitoEcihvr upon how they nre
manipulated. NJ they wrru honestly
to them. Hut the outcome % most OF
them has been 60 make corners on the
product 30 restrict production and To-
raise prices. u n likely that the local
trust may result In the closing down %
our lower grade mines. The outcome of
the trust syHt"m u 10 Increase prices
and TO cut on competition.