The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1899-09-21

would be quoted at 80, ~ would make no
dineFenge whethcr I rawtaiiscd u at floa,
cslstallEed al Es9b,9 90. the shares would
sell Rt 81, and that would not make very
much difference,
Now, my friends. the remedy for all
evils, IN my Judgment, Is the original rem
ely which ] suggcsted-Pubiicity. .pnblici'
". The hatred of corporations which, az
! say. N not wholly justified, II not dis
cyeditahio 10 the pahlss otiinlan af Amrri
ca. Ia fact, ! lay doNH as cardinal rule.
which ] thinh any nersan can follow with
perfect safety thai whenever you md a
general opinion or ans ssbinrt In America
there ~ always 4retsy good ground to'
tiona aris-s nut IN ny opinion from any
weli-constderod dislike 60 corporate an
tiilcs.
'BHt the management ~ corporations
has hcoa the biackcsi iaEe IN all our MS
terry, tAppiausal Aaa the Pssblio IN.
digmatt0n. unfortunately, witch ought 70
he extended on Tho enrpufatc management
wnich f. Responsible tor !b's shame; has
10 often bscn visited on the aioehholderA
an0 the corporations themselves who
aave been the viciisaa ni hat lnfamY,
CaIRriss unnuuiHbrd.
''Now. nil tine history ss ....=;.:s saA ~
wrong and Of perfidy and o. fraud has not
brought onc hour Of sht OF humhin
ilun tu those who have tierpetFated H.
ThxS are walking tho streets to-day, theft
headA high ~ the world ~ innuee. To the
hort Informed the stofy ~ oniy partially
known. 60 the vast mass OF the people q
~ a scaled book
These frauds are pcrpc,ratei in In
slsIous inTthHds. The pthlic are fooled a.
70 the value % the stocks. with specific
statements; interest ls paid on bonds
v hich has never been earned. and the
public believe 3hsm solvent: Il pays ita
nxcd charges and the public buys the
stock even though M Nvlieuds have
hccn paid believing that dividends ara
soon 10 be- paid because thn fzed charges
are met; interest n tnid IN the preferred
stock which never has 0men earned, w
order that the common stock may hg
tinAted, nui when the collapse coricE,
whom thr T,iin is eorapis'e W nine cnses
out Of ten thr engineerH ot this ruin ara
appointed tho srceivers by 'he courts g.
order TO conduct the plan OF reerEanisa'
tins.
Against the monopoly nat depends on
government favor n my ghnpc % form.
am m truly opposed NJ any Eeutleman--
even from Texaa ii.auEh.erl Hut. my
friends. when vc come ~ consider the or
sanitation which lominHieE the uarSe,
without any aid from government. why
then WE are face tp face Gl.h forced In
Production which is of radically opposite
character.
Nov. Iet us sec what tho objection tq
that ls We are told that Il defeats com
petition: but my friends. that II an ob'
viOus MISTAKE. ! must fas 10 begin VIII
that any Industrial br,fG -iEatian that
ch,apsns 60 me the cos, " somethihg I.
possibly hring myself t. .lphrrci with u.
,t.aughterl I chn not quarrel with Il.
even II you call II a ,nannoC'y.
Competitions Resnits.
"If yun have competition you viii hav'
excellence. is not every form Of eompoti-
gion certain To- produce excellence where
ever Il ocrursg ! nednd my friend. a so
ciaiirl this morning. vh'Ec name ! be-
.icve ought to become fnaiH'ts ~ over the
United States after Tat most interesting
address which he dcii SuFcd. declare that
competition was warftrr let me pro-
test 60 that.
Competition ls not warfare In tho Scnsc
Of being destructive. 'nT1i'c utlon n thy
nNceFtainmcnt Of the piaca u greatest
utility for cech individual
These men are not thrown out Of en-
ploymeut permanently. like the cobhies
waE taken from his cellar where he waa
making ore pair OF shoes a day. into thu
factory tu make nifty ur sixty pairs q day
with The Increased mower - machinery
So the man VITO IL Displaced BY one eie.
ment of progress is 'ct absolutely retired
nom the neid Of indusJdy. but he h trans-
frrred from one field where he II no long
er most usefti to another where hts capA-
cities are Of greater development
''Ynu would no. destroy him. When you
defeat him In ccmpeut N you may
change hiA place, you ,n.lke him go from
the sphere where he can not excel 10 tha
sphere in which ho rin have "a chance.
and believe me. there iH no human being
that has not aptitude IN some department
"Now monopoly Is mada Just as all
other noHcpoites ~ lntsli.-t aud made by
tho same mean7. u any gentleman thinks
n w. cruel and wrong 10 puy 80 To- a trust
for good suit Of cloth - instead of pay
ing sia for q bad one tn - inc retail tftl1r.
30 ~ to keep him going tn preserve md
dc man IN an industrial capacity, way he
hnH a perfect right 10 dn H. There II no
law to prevent him. hat he has no righ:
to Impose a similar stcriilre upon me,
who don't share his Ftr'tnpiea. But don't
you see II u n wrong 10 encourage excel
icucy tn commodities {, II equally WRONG
20 discharge exccllenry I'm pTufessions7
Proof of Prosperity.
In my Judgment there Is but on test
Of prosperity, which g. absolutely tnfalii-
ble--that II, the rate Of wages paid to
labor
ment Of Mr.. Gompefs recognizing the
fact that the movement Ut Industry has
steadily been toward u higher rate ~
wages, II n very agreeable 20 me 10 COM
cur tn that statement. AMI ] consider II
one Of the most hopeful signs Of our fus
ture prusperity that the movement OF
wages is upward aud -lust be upward be-
cause there are two .uTcos working tn
that direction.
''But here ! desire 20 say what perhaps
may sound strange Ca HOmc Of you. and
may perhaps shock great many of those
who approve what ] have said before.
Labor unions do not affect the rate o.
wages much " al all. 7 think, perhaps.
am the iFat person Who has advanced
that proposition. And yet they arc OF
enormous benefit 30 The whole body OF the
community. quite as much 20 the employ
er aH to the lstorers, and u Il IN their
protection and their development that we
must tind and hope 'Dr that era OF peace
which means tho great industrtai pros
pcrity 20 which this reaub'ie is destined.
My friends. these IRE my suggestions;
Publicity for corporate misiuanaEement:
prohibition under penalties for special 81
yora: right Of action against any eorpora-
tion whoae service n suspended except an
ahNul Lutte dofenae proved that Il was NJ al
ttrne@ ready TO discuss with itE employees
questions nj issue between them BY agvn-
II an told that IL we promote this CO.
operation we WIN destroy individualiEm.
IndivIdnalisrn is another of the phrases
which have been apetieiiy Invented for
the perrlexity OF mankind. individuaitzm
o. itF last analysis " saYasery. The sav.
are depending on himself alone for his
shelter and hia food on the club from the
tree OF the Esono picked ~ by his unaided
hand from the eroun1 for his weapon. ts
ihe most eornpiete Instance OF Individual.
tSm conceivable"
At ;he close of his speech the New
Yorker won the hearts of his listeners
hy paying Mr.. Bryan few weIl-chosrn
fOItntfffftnt@s NHfth WV UffHUsNkAAhf
leader blushingly acknowledged. Mr..
Cochran likened Mr.. Bryan TO mon.
opoiy. and claimed he was bigger
monopoly as the leader of the demo
cratic party than any financial corpo-
ration In the world.
Mr.. Cochran spoke for about twe
hours. and when he finished. erica for
Mr.. Bryan came from all over the
house. Finally Mr.. Bryan arose, ard
sale that for the good of the confer.
ence, all partisan FEELING should be
eliminated from the gathering. and nj.
though he agreed with Mr.. Cocknn
in many Of his arguments, II was nee
essary thnt his side of the controversy
should be given io-mnrrow.
the CeHunbta Mt nristsi.
TlrIstoi, II. l.. Sept. is.--The Colurn.
hin came here yesterday afternoon un-
der furrrfny saIl. IN good southwest