Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1899-01-21


and adjudged guilty Of conspiracy
to defraud, and be subject to indict.
ment, and punished as provided In this
act. Provided. however, that In the
mining, manufacture or production Of
articles Of merchandise, the cost Of
which Is mainly made up Of wages, 1t
shall not be unlawful for persons, firms
or corporations doing business In this
State to enter into Joint arrangements
Of any sort, the principal object or eff.
feet Of which 10 to maintain or increase
wages. approved June 10. 1917
Sec. 2. 1t shall not be lawful for any
corporation to issue or to own trust
certificates, or for any corporation,
agent, oficer or employees, or the dlrec.
tors or stockholders Of any corporation
to enter into any combination, contract
or agreement with any person or per.
sons, corporation or corporations, or
with any stakeholder or director there.
Of, the purpose and effect Of which
combination. contract or agreement
shall be to place the management or
control Of such combination or com.
blnations, or the manufactured product
thereof. In the hands OF any trustee or
trustees, with the intent to limit or fix
the price. or lessen the production and
sale Of an article Of commerce. use or
consumption, or to prevent. restrict or
diminish the manufacture or output of
any such article.
O. ANY PURCHASER OF ANY
ARTICLE OR COMMODITY FROM
ANY INDIVIDUAL. COMPANY OR
CORPORATION TRAN ACTIN G
BUSINESS CONTRARY TO ANY
PROVISION OF THE PREVIOUS
SECTIONS OF THIS ACT, SHALL
NOT BE LIABLE FOR THE PRICE
OR PAYMENT OF SUCH ARTICLE
OR COMMODITY. AND MAY PLEAD
THIS ACT AS A DEFENSE IN ANY
SUIT FOR SUCH PRICE OR PAY.
MENT. o.
A number Of trusts that are eating
the lives out Of the people have been
set aside for disciplining;
But the trust which the farmers are
after, and In fact all of the grain deal.
ers Of the State, Is the infamous Ele.
vatOr and Warehouse Trust, created by
the last Legislature.
Methods Of public warehouse men In
dealing In grain We're scathlngly de.
nounced mt the recent meeting Of the
Grain Dealers National Association in
the Chicago Beach Hotel, and the
speaker who presented the arrange
ment, Samuel II. Greeley Of the Chi
cagO Board of Trade. threatened that
IL legislation did not soon relieve the
aggravated condition, Its abolition
would be made the substance of pop
ular demand backed by a force of arms.
The speaker laid the responsibility for
the condition he deplored ut the c5or
Of the railroads, accusing them OF fos-
tering monopoly by granting special
privileges to the warehouse men. He
said in part: "The grain trust In Chi
cagO, as represented in the public ware
house men, Is one of the most gigantic
and harmful trusts in the world. The
| great public warehouses are now under
| the management of men who derive
their power from the railroads. Prior
to 1885, before these men obtained their
power; there was free competition on
the floor of the Board of Trade. Al
that time the public warehouse men en-
tered the grain business In competition
with dealers who We're forced to pay
three-fOurths of cent a month fol
storage in the warehouses. The public
warehouse man Is a licensed servant
Of the State, and owing to the advan
tage he derives from not having to pay
this storage toll, he Is enabled to con
troll prices. The warehouse man car
also sort the grain stored In his ele
vator, remove the best and obtain 1;
cents 6ushel more for 1t. Great guam
titles Of grain stored by dealers in these
warehouses are boarded for storage
charges. The market is beared unit
prices are such that the warehous,
man can buy the grain &C low price
besides reaping the storage profit. TIL,
present methods are an encouragement
to bucket shops, and bIcket.shOp gam
bling serves the purposes of the ware
house men In bringing the price o.
grain down below the cost of prOduc
ton. The warehouse men are virtual.
the railroads, who reap the profits"
The Ice trust, a menace to everybody
will come in for dose that will shak,
1t to the foundations.
There are several other trusts Just al
bad that will receive much attention.
One Of the many reasons why thu
lpeopie of Chicago demand . repeal 0l