New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-26
CONFERENCE ON TRUSTS.
INVITATIONS TO LEADING MEN TO MEET
AND TALK IN CHICAGO.
,,,,v HAVE AccEPrED-J. STERLING MORTON
THINKS THE EVIL OF COMBINATIONS
HAS BEEN EXAGGERATED.


THINKS THE EVIL OF COMBINATIONS
HAS DEEM EXAGGERATED.
Chicago. June 25.-secretary Easley' OF 'he IVY
Federation of Chicago under whose AUSPICES
conference will be held In Chicago on Septehoe,
1916 TO consider trusts and combinations a','
legislation for their control. has received hundreds
Of letters from prominent men all over the cou"-
try accepting Invitations TO be present at 'n'
meeting. ,-..,o,
Among those who have signihed their Intention
of attending the conference in person or VINO WI"
be represented are Governors Pingree OF M'on-
igan. Roosevelt Of New-York Stanley OF Kansas
Sayres of Texas Mount OF Indiana. Fancher OF
North Dakota Thomas OF Colorado, Tanner OIL
Illinois McI.aurin OF Mississippi, McMilln OF leu
nessee Pointer OF Nebraska. and Lee OF sou'h
Dakota John B. Clark, professor OF poh'lca eco"-
omy Columbia University, New-York; J. b. JenHS
professor OF political economy, Cornel' T. Il. Do"V
president of the Commercial Travellers Natlonal
League: Francis B. Thurber president OF the Ma
tional Exporters Association; Max Adler. presi-
dent OF the Board OF Trade OF New Haven conn.,
Henry c. Adams, statistcian OF the Interstate
Commerce Commission; members OF the interstate
Commerce Commission. members Of the Industrial
Commission; Willis Young. president OF the North-
western Travelling Mems Association and James
O'Donnell, president of the Internatiohai hsS"''"
ton OF Machnists.
Acknowledgement Davies of New-York, Rucke.
OF South Carolina, Hicks OF Wisconsin. Monnett Oh
Ohio Douglass OF Minnesota, Remley OF iowa.
Davis OF Arkansas, Bellinger OF South Carolha,
Bishop OF Utah. Taylor OF Indiana and Goddard OF
Kansas are expected to be present, as are Commls-
sioner OF Labor Thomas p. Rxey OF Missouri;
George Preston secretary and treasurer OF the In
ternationa Society of Machnists; Ex-Governor
Hoard of Wisconsin, president OF the Farmers Ma
tional Congress; John b. Connor Chief OF the In
diana Bureau OF Statistics; Richard T. Ely. pro-
TTNt cift Of
sin. and John p Jones. Ohios Commissioner Of
Labor Statistics
In acknowledging the receipt of an invitation to
attend J. Sterling Morton. of Nebraska, ex-secre-
tary of Agriculture. says
Trusts which are overcapitallzed are born Of the
They will fall and no Will be harmed except those
whose creduty led them to invest In their securi-
corporated capital In the United States Oratorcal
vagarists have endeavored to make common people
believe that interpretations are not subject 10 eco
nomlc laws Of competition, and that the relation
Of supply to demand Is not the sole regulator ot
invested in manufactures or In railroads oelongng
no more exempt from the operation OF commercial
laws than the money which Is owned by indl-
prehenslon as to the trusts crushing out all com.
petition. With the exception Of the OH Trust ana
universal The Whisky Trust the Tobacco Trust
and all the other trusts Of any Importance up TO
pa have beer been Complete failures These faf
ures have come firstly. from overca pit lization,
and. secondly, from Encouragement. 1ntelIgent'
competition can enter the field against any trust
on earth. except one which has natural monopoly
(by this | mean one which, like the Standard OH
Company. owns the only oil-producing lands m
the country. and successfully puts its products
upon the market with the sympathy OF the con-
sumner all on its side
BY this / mean that. outside of the trusts. co;
partnerships aud stock companies may be formed
with capital energy and ability to successfully
take the market against any and all trusts prod;
ucts except those which are the result OF natural
monopoly ,,, - -,
enaoments for remedy of any evils that may
Is epidemic, to denounce all large aggregauons OF
capital az trusts" This mania VIII at last ex-
who have been damaged by trusts were those who
bought their securities for more than they were
worth.
DR.. Lyman Abbott, OF New-York says
think what we most need on the subject OF In
dustrial CONNER cill labor and transportation com
bnations is just what your letter indicates this
~ Need to- 9 and Sh nT only
perence teach us. Is the relation between com
the other the centripetal force Of society. He who
believes only in combination will logically be led TO
@Sca he ne c Th8 % Sss hep Of these T re
suits possibly furnish the solution Of the pyob-
to- secure the adv9nages Of combination without
destroying the individuals to maintain brotherhood
in practical forms without sinking, obscuring or be-
Hitting personality
Hundreds Of other letters have been received, the
writer's in nearly every case expressing sympathy
with the purposes OF the conference.
Attorney General Monnett OF Ohio fears he may
not be able to be present, on account of having 10
attend the Ohio courts but he says he will try to
be present and participate I'm such way as |
may be able along the lines that l am especially
interested in"
Frank S. Gardner. secretary OF the Board of
Trade and Transportation, New-York writes con-
corning the appointment OF three members Of the
Board which the President has been authorized TO
make:
l beg to say. however. that this Board has never
taken any action the subject OF trusts and
combinations and the fact that send three
delegates cannot. nor the views that may be
expressed by our delegates, commit this Board In
fny way.