Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-09-16


cause their stock is owned by private
1t is almost impossible TO
describe the process. II is surrounded by
secrets. The remedy he said, was not
in municipal ownership. but in defining
a practical penalty. serious one, and
tn IN providing for publicity. Ii the proper
statute is provided for publicity. there
VIII be no occasion TO enforce the pen
atty \ corporation granting a spe-
cial favor TO any person who has right
TO use that possession otherwise than
on equal terms with everybody else ought
to be held guilty OF an offence.
The speaker devoted some time 10 ar
guing that there was some justification
FOR corporations. He believed also in APP
plying the rule Of publicity to these. That
would be a sure way to prevent fraud.
Touching the subject Of government by
injunction, Mr.. Cochran said:
GOVERNMENT BY INJUNCTION.
at has always been 10 me a source OF
profound regret that the courts should
show so much ingenuity In devising IN
functions TO prevent corporations from
being disturbed by their employees They
have not shown one half that ingenuity
I'm devising methods to prevent their be
ing robbed by their directors. For all
TINS. my friends, the remedy, ] repeat,
is publicity"
A statute which would modify but
slightly. II at all. the existing laws Of
every State, would make this species Of
fraud impossible.
Touching another branch of the sub
icct, Mr.. Cochran devoted some time TO
arguing in favor of organizations which
dominated the market without any aid
from the government
Il must say that any industrial or
ganization that cheapens to me the cost
of something / need l regard as a benefit,
and | cannot possibly bring myself to
quarrel with it. l cannot, even If you
call IL a monopoly"
THROWING OUT OF EMPLOYMENT.
He did not believe the great industrial
trusts had thrown anybody out Of en-
ployment who deserves employment. Mr..
Cochran said one of the most hopeful
signs of prosperity is the movement OF
wages upward. In his judgment there Is
but one test of prosperity which is abso-
luteIv infallible and that is the rate OF
wages paid to labor. Continuing. he said:
LABOR UNIONS.
Labor unions do not affect the rate OF
wages much. if at all | think, perhaps.
l am the first person who has advanced
enormous beneiit to the whole body of the
communicable as much to the en-
plovers as 20 the laborers-and it is 10
their protection and in their develop
ment that we must find and hope for tnat
industry Of peace, which means the great
industrial prosperity to which this repuD-
lie Is destined. and which. / believe. IS
to affect the Industrial cost and condi-
lions of the whole world.
THE GREAT STRIKES.
He thought a close study and careful
examination would satisfy everybody that
the great strikes of this country have
arisen from the refusal of the employers
TO discuss the questions at issue between
them and their employees with the
agents that the employees select.
William Dudley Foulke, Of Indiana
spoke I'm the early part Of the evening,
and he was followed by Hon. EDWARD
Rosewater.
MAJORITY ANTITRUST.
Workingmen. Socialists, advocates OF
the single-tax theory and students Of po-
Itical economy. were heard to-day at the
conference. a majority Of the speakers
vigorously opposed industrial, financial
and transportation combinations. The
trust problem. in it's relation to tho work
ingman, was discussed in all its phases.
The Committee on Resolutions held It's
first meeting, and organized by electing
Ex-Governor Luce, of Michigan, chalr-
man. ana Ralph NJ. Easley secretary. 1t
was decided to name a subcommittee OF
five TO receive and consider resolutions
that might be presented, and report TO a
general committee.
The morning session drew large au-
dience. but the programme was over
Swallowed by the announcement that III
the evening W. j. Bryan, of Nebraska,
and W. Rourke Cochran, of New YORK.
would speak from the same platform.
The political prominence of the two ora
tors gaze rise to a general feeling that
the night session would be more of po-
litical than of economic interest.
MORNING ADDRESSES.
Louis f. Post, the New York advocate
of the single tax, was the first speaker
to-day. His address was enthusiastically
cheered.
Thomas ]. Morgan, of Chicago, follow,
ed, on the Trust from the Sociahs'
Point of View"
Henry White, secretary Of the Unlteu
Garment Workers of America. followed
his subject being The Attitude of the
Trades Unions Towards the Great Indus
trial Combinations"
NJ NJ. Garland, billed to speak on IAN
IRON and Stockholders View Of Com
binations," and +. T. Clark, Grand Chief
Of the Order of Railway Conductors, were
not present when Chairman Howe called
their names. and John w. Hayes, secre-
tarv of the knights Of Labor, was called
He said:
TRUSTS "ENEMIES OF SOCIETY"
81 maintain that those great combina-
tjons are an assault upon the inherent
and constitutional rights OF the citizens
that the real and vital advantage to be
gained IS the 1espotic control over labor
evidence IS not the only means Of
making conquests and enslaving the peo-
pie. and It can be proved beyond any
question that the methods OF trusts are
the methods Of the invader and the enus
To be accomplished by the instigators ol
the trusts are exactly those intended &c
be accomplished by arms, directed by
military genius.
Taking this view of the trusts, ] as
sert that they are the enemies OF society
and as such should be destroyed.
strong resolutions were drafted TO-DAY
for the presentation at future sessions OIL
the conference They were signed by th'
following delegates w. L. Grogah
Texas (chairman); NJ l.. LOCKWOOD
Pennsylvania; c. =. Smith, Texas; Law
SON Purdy. New York; H. V. Johnson
colorado; w. II. Claggett, Idaho; W. Z
McComas. Maryland.
ANTITRUST RESOLUTIONS.
II is claimed that the resolutions rep
resent the sentiment of the ant-trds
delegates TO the conference, VINO, ac
cording to their own claims pTepOnderdt'
in numbers over the conservatives am
nro-trust men. The resolutions will b'
referred to the Committee on Rcsolu
tions without reading or debate. IneN
follow =,