The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-09-15
DISCUSS TRUSTS
Governor Pin ee and Charles
Foster Argue the two
Sides.


Sides.
Chicago. Sept. A-Enthusla stic Interest
and a crowded hall put tonights saeslor
OF conference on trusts sharply in con.
trast with the forenoon and afternoon
gatherings. Central music hail was pack
ed with an audience that represented
Inearly every class Of people Governor
Pingree OF Michigan, was the star attrac-
ton. The governor was received with ap-
plause so fervent that It was several min.
utes before he could proceed with his ad
dress. He was obliged 30 rise several
times after taking his seat and bow his
7clnowledgments o before the audience
would allow the chairman TO introduce
the next speaker.
The house was divided against itself
during the address OF the next speaker
Secretary OF the Treasury Chas Fos-
ter The audience finally became so DEM
.onstradve in lnterrupting the speaker
with questions and remarks that a dele
cote asked the chair to clear the gale D..
les unlesa the Interruptions ceased
Vice President Corliss Of New York.
presided at the evening session. r r
Dove, OF New York. ma ie a motion that
the names OF persons who E6d been ad
mitted TO the floor since the organization
was effected. be stricken from the rolls.
e point Of order was raised and sustain.
ed by the chair, who then introduced
Governor Pingree. Of Michigan
PrNGREE'S SPEECH
Governor Pingree Of Michigan spoke
about "1he Effect of Trusts upon our
Natioral Life and Citizenship" lie said:
In all that has been said about trusts.
scarcely a word has been written OF spoks
en- from the standpoint Of heir effect on
society
'ln this busy. rushing feverish wocld,
everything is ruled by the commercial
spirit. The dollar seems to be the stand
ard for measuring all things
In gathering material for the use of
this conference the Civic Federation OF
Chicago, sent out circulars containing In
all slNty-nine questions Those inquiries
were addressed 20 Trusts wholesale
dealers commercial travellers, organiza
tions, railroads, lab.r associations. con
tractors. manufactuers. eoonomi-ts ar-
eiera and public rEn>N
Only one Of these s6tytuIrs questions
relat~in any way - se effect :, -
sa.s. 5sasioq 5s.Ll,.' to ,a,~.'N ~ the
" do % for purpose Of snoup
that in all the&s>-sx,ons of Trusts
there -s no indlSsJn That any thought
whatever has been given 20 their effect
upon our nalonal life, upon our citizen
ship. and upon the hves and characters
of the men and women who are the
real strength Of our Republic
Il think that this Is the most IMPORT
ant consideration Of all"
Everybody has been asking whether
more money can be made out Of trusts,
than by small corporations and indlvid-
uals-whether cost OF production Will be
increased or decreased-whether investors
VIII be benefited or injured-whether the
financial interest of the country endang-
cred whether we can compete for the
worlds trade with large combinations or
prices viii be raised or
men will be thrown out
or mployment-whether wages will be
higher or lower-whether atricter econ
omy can be enforced and so on.
I'm other words the only idea nova
days seems TO be to find out how bust
ness or commerce will be affected by
Trusts The Almighty dollar Is the
sole consideration.
'I believe that all these things are min
or considerations. I think Il Is of far
greater Importance % inquire whether
the control Of the worlds trade. or any
Of other commercial advantages claim
ed for the trust are worth the price we
pay for them
"Wil It pay us, either as individuals or
as nation 20 encourage 'trusts2
Instead OF discussing the question