The daily journal. (Salem, Or.) 1899-1903, 1899-09-27
TRUST TALK
Attic Chicago Conisyna--Bryl1 and
Burke Cochran LEX Horns.
Suprr-1t C51Tt Dec Sons Trusts OF Sc
eain- Plenty q Rene
ci-s SoW

ship than one might have expected. Ex-
pansion Was not discussed a. connected
with trusts, though many sound think
err believe there il distinct connec-
iiOn. The tariff il most directly con.
nected with the trust. when man
builds house and finds that he il pay.
ing the trusts from 500 tn 81 600 addi.
tional, he begins to discuss this ques-
ton with his neighbor,. The farmer
believes in the theory Of high prices
producing prosperity until it applies 10
what he has to buy.
THE MoyororY THEORY
B0urke Cochran 81 New York spoke
Friday evening in approval Of trusts
from a politico-cconomic standpoint.
lie is no doubt the most witty, polished
and elnquent spciker-but not orator
in our country. The vast audience
ch red him to the echo and believed
not word that he said. 4, was
whispered privately by many able men
with whom ! conyer-cd that hc un.
doubtedly recciyel large fee from the |
sugar trusts and other trusts. His argu-
mcnt was in substance that trusts de- /
yelop competition that there can b. no
competition without competitors; that
one Of these will develop the greatest
excellence; the one accomplishing this
will posse-- the the field the compcti-
tive system means the survival oi the
iittesi when the iittest owns the field,
competition cease the dttcsi has the
monopoly.
TIN WESTERN yIEw
was prr-cntel clearly most fully, hut
alone and almost s'1glc.handcd by VIM
y. Bryan Of Nebraska. Nearly an the
speakers and readers uf papers were
eastern men, or rch ted the eastern
views and theories. Bryan practically
wound up the discussion aud carried on
the laurcls of the conference. lie spoke
at 20 O'Clock Of the last LAY, was IN fine
voice, spoke with great moderation, and
devoid oi partisanship. llc came very /
much nearer expressing the actual pub :
lic sentiment Of opposition Ia trusts in
the west and oi the people al large than
any other speaker, lie dcclarrl ia sub I
stance that the only gool monopoly Z,
was the dead monopoly. Hut MS \
witty saying h no solution. The
question was not treated thoroughly
from legal ur historical s'endpo' It by
Cochran or Bryan.
LEADING EErUHuCANs
a. the conference frankly expressed the y
lear that the trust evil, before solu.
ion il found, will hurt the Republican
PARTY. They fear il will disrupt the
prot tive tariff system, break doNa the
gold standard, cause panic or in some y
'thor way put the Democratic party IN q
bower. Their solicitudc Tor the party al
urpasses their anxiety for the Ieuplc, OF II
'our-e, justified boy their theory that o. ~
nisluterrupt,d. Republican success D,
'lone produces prosperity. "
Republican leaders like Allison eN. ~
'rcssed the hops that the conference y" ~
would bring out some feasible plan of cr
icaling With the trusts, but had notl ing gt
% offer as a remedy. One thing seems 10
q hc sure, that the Republican congrcss ~ y
hat meets la ncccmher will have Ia NJ
meet the industrial and political cmer- DE
rncy and pass some Kind oi stringent 10
nti-trust legislation 10 save the clec. n,
Ion Ia leoO. AN
Law ENuuOu VOW. pr
Ia conversation with one of the most sh
rom'ncut United States supn,me court nv nv
,vycrs IA our country, hc stated the hu
Igal status Of trusts ~ plainly that Il to
seine 20 me a duty % state il to the ~
-adcrs OF nlG JoUH>Al. ltNill be To- ~, W..
illci that under the Iowa Prohibitory ss
IA, the lEs Moincs distillcy claimed ut
he Tight a. manufacture alcohol Tor eN. =
nTt and interstate traffic. ltWas car. ~. ""
al 10 the supreme court, which held loa
'at Manufacture Was not commenre
ld hat the state alone could control ma
within it, own borlrrs. chi
VAS held that under a state Law Iowa nal
lthorities could not sieze liquor in la
ansii OF IN original packages, and con. ~
css passed laN % give staios such M,
.Ners, The constitutionality OF that anc
Of oongrcss Was upheld In the su- ha'
eme court, aud il Is arsued that con- 49,
'ss can give 10 states the same power a
deal with trust prodncts, II that the
ne done, ard states couh sicre trus. not
,ducts in transit or ia original pack. y
70, trusts conh not 10 business, and n,S,
npetition could hc maintained. Com. lay
iilon and iud, dualism are one. oFgs
flE SHERMAN LAN NJ