The evening times., 1899-06-26
ANTITRUST CONFERENCE
Many Prominent Men to Be- Pres.
ent at the Chicago Meeting.
The Governors of Several States
Among Those Who Have Accepted
state COmWerce and Ipdustrial
Commissions to He In Attendance.

Chicago. June 26.-Secretary Easley. OF
| the Civic Federation of Chicago undeI
whose auspices a conference will be held
| here September 13 to 16 to. consider trusts
and combinations and legislation for theiI
| control. has received hundreds of letters
from prominent men all over the country
accepting invitations to be present.
Among the governors who have agreed
to attend are Pingree. of Michigan; Roose-
welt. New York: Stanley. Kansas; Sayers
Texas: Mount. Indiana; Fancher, North
Dakota: Thomas, Colorado: Tanner. ILL
nois: McLaurin. Mississippi; McMillin.
Tennessee; Poynter, Nebraska, and Lee.
South Dakota.
Attorneys general OF States who will be
present include Davis. OF New York;
Hicks. Wisconsin: Monnett, Ohio: Doug
lass. Minnesota: Remley. Iowa; Davis.
Arkansas; Bellinger, South Carolina;
Bishop, Utah; Taylor, Indiana, and God
dard. Kansas.
Other attendants will include members
OF the Interstate Commerce Commission,
members Of the Industrial Commission.
p. E. Dove. President of the Commercial
Travellers National League: Willis Young.
President of the Northwestern Travelling
Mems Association: Francis B. Thurber,
President National Exporters Association.
John B. Clark Professor of Political Econ
omy, Columbia University; former Cover
nor Hoard. of Wisconsin. President of
Farmers National Congress. and many
representatives of labor organizations.
Acknowledging the invitation to attend
former Secretary OF Agriculture j. Sterling
Morton, of Nebraska. says. -
Trusts which are overcapitalized are
born of the Vaccinations OF shallow and
impractical men. They will fail and no
one be harmed except those whose ere
dulity led them, to invest in their secu-
rites.
There need be, in my judgment. no
apprehension as to the trusts crushing out
all competition. With the exc option Of the
Oil Trust and the Sugar Trust failure
among trusts has been universal. The
Whisky Trust the Tobacco Trust and all
the other trusts OF any importance Ut to
date, except those that have been formed
very recently have been complete failures.
These failures have come, frstly. from
overcapitalization. and secondly. from
Encouragement. Intelligent competition
can enter the field against any trust on
ear.h except one which has a natural mo-
rclol, fby this ! mean one when. like The
Standard Oil Company, owns the only oil
producing lands in the country and su6-
cessfuliy nut its products upon the market
with the sympathy o; the consumer all on
its side.
What can be accomplished by legisla-
tion or regulatory laws ! cannot see, nor
do look TO such enactments for a remedy
of any evils that may grow out OF trusts"
DR.. Lyman Abbott. of New York, writes:
He who believes only In combination
will logically be led TO socialism: he who
believes only in competition will logically
be led 10 nihilsm. Neither of these results
can possibly furnish the solution OF the
problems which now confront us.
We must learn how 10 secure the ad
vantages of combination without destroy
ing the individuals. 10 maintain brother
hood in practical forms without sinking.
obScuring or belittling personality"
Hundreds of other letters have been Ie-
ce.ved, the writer's IN nearly every case
eXLrssing synpathy with the purpose OF
the conference.
New York's BOIri of Trade and Trans
po-tation will seid ti,ree del gates but
this action does not commit TIE board in
any way.