Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1899-09-21


had been discovered n his state from
which great fortunes are now being made,
and he reported that many of the produc-
ers of phosphate had been thereby driven
from the market. l desire him to incorpo-
rate IN the bill, il he shall deem it ad-
yisable, such provisions as Will prohibit
capitalists of Tennessee from monopoliz-
ing the phosphate business.
1T Will be necessary 10 direct the
proposed bill with great accuracy; and,
like the Kentucky hunter. so to aim it
as to hit il. il it be deer and miss it
If 1t be q calf. - - =
The remedy suggested by Implication in
the two speeches OF the forenoon session
that Of the repeal of all tariff provisions
and through the free coinage of silver
would, in my opinion, cffecsually break the
back OF every trust in the United States.
II would accomplish this much in the
same way that fire in Il wheat field tenn
porarily destroys Canada thisties; but
have learned from observation that these
pests Will spring up again so soon as con-
ditions are favorable to the growth of
another crop of wheat had hoped that
this conference would evolve some method
of effectively dealing with the evil with
out resorting 10 prairie fire 50 soon upon
the heels of the last.
IF bill shall be formulated, ! shall give
IL most careful consideration, and II |
consider it feasible, recommend its adop-
ton in my state"
Governor Daniel w Jones OF Arkansas
being called on, arose ana. in vigorous
terms scored Governor Shaw for his face
uouSaess, saying this was no time and
place for remarks not tending to a further
ence of the business before the conference.
he then made a speech against the mon
sters termed trusts. he having felt their
power among his people. In his opinion
the trusts should be anaihilatcd. He said
in Part:
san politics in this discussion. No man
who loves his country can furnish any de-
tense OF these trusts. L cannot see how
any man who loves his country, when 1t
comes to taking care of himself and the
blessings of liberty, would make any de-
fensc OF the trusts And, stiIl more, when
we come TO the consideration of the great
est question now before the American
people. why any man should indulge in
anything like irony and sarcasm L would
as soon laugh over the grave of my friend; /;
as soon make merriment In the house Of
mourning.
When 1t IS proposed TO reduce men to
penury and want. IL is time To acknowl-
edge the condition of affairs. This is no
time for levity. 1t is I time for serious
consideration.
Governor Jones was followed by Attorney
General Edward c. Crow. of Missouri. who
spoke to the question from the view point
of a lawyer. He favored the enactipg of
law in every state so that when trusts
are organized the equality of the law shall
prevail.
L. ". Taylor. attorney general of In
diana, followed He said in part:
I'VE are here by invitation TO devise sucl,
laws and to suggest such legislation as
will control or prevent the combinations OF
capital TO the detriment of the people, and
that will preserve TO the people the bene-
fts of competition. We are not here TO ad-
vocate expansion or anti-expansion. pro-
lection or free trade the gold standard OF
the retiring issue of 1G to J.
This country of ours is not on the de-
. Cline; The prophets of eytl are false
of Swamps: they need clear, invigora ting
air of the mountains.
The people not in the swamps to-
day. Never IN the history of this country
has prosperity been so general or so gen.
erous. This has come not from trusts
but in spite of trusts-not from combina-
tions OF capital, but in spite of the com
binations. / am against the trusts because
trusts destroy the opportunity for individ,
ual effort and enterprise. The domestic
field Of competition. All these evils can be
and should be remedied by. legislation
Attorney General Oren. of Michigan. de-
voted the main part of his address In ex-
employing Michigans methods for con-
trolling corporations. He severely criticised
New Jersey and Delaware for their in
corporation laws Uniform laws, in his
opinion. should be enacted by the states
TO control corporations.
Attorney General Smith of Texas. then
took the floor and edited the conference
with recital of his experience in handling
trusts IN. the Lone Star state. He had
heard Ii said In certain quarters that IL
was the purpose of the originators Of this
conference to give TO il political COM
pleSion- This statement he refuted I'm Wig
orous terms. 1t was the conception of The
orisinators that this conference should b.
entirely Informal, simply for the purpose
OF discussing a remedy for controlling ''th.
trust eNll. lie urged the enaction of uni
form laws by the states To this end The
conference then Recessed TO $40 p. m.
AT the evening session Governor Haznr
.. Ilngrpe. MICHIGAN Ipl Il
dress, which was closely listened to anl
frequently applauded.
The Chicago trust conference" said
Governor Plngree, was of great value be-
cause ii separated the chafT from tn.
wheat 1t did much to clarity the sub
lect- IL was of educational value Ru'
lts principal benefit, to my mind. was Tho
revelation II gave us OF the position which
me-; ,ne adyScates OF the trust or rather. the
deformity. 1t orerthrows all the laws o.
of immense resources. 1t has no con
science.
I'm dealing with the trust. therefore
the trust are many: 1t raises prices arbi
trarfly. The quality of the product /.
poorer. 1t shuts up factories and throw,
guise of economy. -,ts @'
1T drives the small manufacturer ant
merchant out Of business. 1t compels tn,
grower or producer of raw material. tn,
farmer, TO sell at its own arbitrary prices
1t puts 'watered' securities on the ma r
ket ana prices go up and wages go dowr
IN order TO pay interest and dividends n,
excessive capitalization -
treats man as an Industrial sIay,
ana this saps the strength of our demor
Tacy and citizenship. 1t corrupts politics
legislatures. municipal councils. public of
Icers, the press, and even the courts Tbi
remedy is what We are now seeking IN
t-hcago trust conference did much 4,
Drlng us nearer to j remedy
me trust can be abolished by law Pub
10
therefore, shall that law take,
IL is complained thar If q, state. en,cts
prohibitive law, the trusts inmedIotc cTr 10
To another state. Seihshness thererora
cofnpeis n state TO be good 10 the fruct I,
order TO secure for ITS people the henafi
OF employment by the trust
therefore, in the absence of a ,lniforr
state law, federal law Is necass.ry I
should be n drastic law | havr mo synna
Thy with the sentiment for regulation rba
Us the remedy of the trusts IL would 70
suit ~ their regulating themselves as Tho
saw MT Their allies and newspapers ,,rg
1t Therefore. II is open 10 suspicion
Inc only way to cure the evil ia +,
stamp II ont effectively. A federal lau, nj,
do IT. II is a disease and the surgeon
knife Is the only remedy
AT the close of Governor PIneree's va
marks The committee on resolutions p,,ic,
had been in session during the eyenino
asked for moro time. and the cor,ferane
ADJOURNED until O'Clock Tomorrow morn
ing. when the committee will be ready =
report.
August Internal Revenue Rece,nt.
WASHINGTON. Sept. so-Tha mott,
statement OF the collections of jnta,,
revenue shows that for the ,nopsh iio =
August the receipts from ali same