The daily morning journal and courier., 1899-11-10
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if a man could give good and accu.
 rate definition he would be of real ser. | vice to the country,
 | MT. Platt said that his definition fol trusts is the combination of different | corporations doing the same business | and whereby the stockholders put their | interests together, regulate prices and decide the amount of business to be car ried on by the combination. He said
 the manufacturers agreement was no new thing, for when he was studying law he drew up many papers by which
 manufacturers joined with one another
 and shared the profits from their com
 bination. MT. Patt said that of all those he
 drew thirty or more years ago not one, as far as he knew, was in existence to- day, as the laws were broken and vio- lated and the penalty threatened was
 insufficient to compel the movers to hold
 to their original agreement.
 Some of the great combinations of the
 present day MT. Platt mentioned as ex-
 captions to this rule, among which were
 the Standard Oil company and the Su-
 gar trust.
 MT. Platt said he considered the trusts
 inevitable and that they were the nat
 ural and logical results of the changed
 condition of trade in the world. The
 senator spoke of the old fable of the two knights who went up to the beau- tiful shield, and when they reached it one declared it was of gold and the oth- CT silver. They got into an argument, and finally ended in a fight; and after both were nearly killed they came to a conclusion that there were two sides to the shield--one of silver and the other of gold. He said it was just that way with trusts-there is the good side and there is the bad side. Both benefits and injuries may be the results of trusts. If treated in an honest light they will cause a change for the good; if formed for a dishonest and crooked business there can be no greater factor in the downfall of not only the people, but the business, in the long run.
 The increase of capital and the won- derful development of the times, MT. Platt said, made the great combinations inevita ble, and they must be treated as the laws of nature and of gravitation
 
 and hope to be successful.
 The whole face of the earth" MT. Platt said, "has changed since I was a boy. Then the competition between the farmers was confined to the neighbor- ing towns, but later the field opened and the farmers in the east, with their rocky were obliged to compete with the farmers of the west, whose soil only needed to be titled in order to produce the needed results. Now the farmers are obliged to compete with the whole those of Europe, Africa, South America and every country. The wonderful advancement of steam and has made competition what it is, and there is nobody but what has a competitor in some line. Competition is the great encourager of combinations and the foreigners were the first to form them to any extent.''
 The speaker said 1t was once a dream among people now here that the time would come when this country would be the first country on earth Tt Is more than dream now" the speaker said. Tit Is an actual fact. France, England and Germany were quick to see that it was a matter of economy to form large corpora tiong, If done honestly. Either we had to follow or get out of the race Well, we followed intelli- gently and not overriding the matter, until we are now doing business with arger capital than either of our leaders Business has outgrown its infant 'lothes. It was once an infant and now | t is giant. The giant can't put on | he infants clothes. We can't go back