The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-09-17
BRYAN TELLS HOW TRUST
Evil MAY Be OVERCOME
Exciting Scenes Characterize the Last Day of the
Trust Conference at Chicago.
Silver Orator Makes Two Speeches and is Followed Ii
Afternoon BY BOurke Cochran.

part of them and.turn out Of employ
ment the men who are engaged in
them, and if you will look over the
| country you will see where those enter
prises, having come under the control
of the trusts, have been closed UP and
stand now as silent monuments to the
wisdom of the trust system.
/, In case of local strikes and fires
the work goes on elsewhere, thus pre-
venting serious loss. What does it
| mean? 1t means that if the people en-
ployed in one factory are not satisfied
with the terms fixed by the employer,
and strike. they can close down that
factory and let the employees starve,
while they go on in other factories
without loss to the manufacturer.
When a branch of an Industry is entire
ly in the hands OF one great monopoly
so that every skilled man in that indus
try has to go to the one man for en-
ployment, then that one. man will fix
wages as he pleases, and the laboring
man will then share the suffering Of
the man who sells the ram material. Z
When Monopoly Has Control. :,
when the monopoly has absoIutei
control, brains will be at a discountt
and relatives will be necessary to fill
these positions.
There is no question about it. Al
trust, a monopoly, can lessen the cost
of distribution. There will be no need
for commercial travellers becausewhen
anybody wants goods all ne has to do
is to write to the one man who has
them for sale, and say what will YOU
let me have it for today
He cannot only fix the price of what
he sells, but he can fix the terms upon
which he sells. You have to trust to
that mans generosity and his decision
e..
the other. ,
What is the first thing to be exzz1
pected of a trust? That it viii cut down
expenses. What is the second? That it,
will raise prices. We have not had in
this country yet a taste of a complete
trust, a complete monopoly and we
cannot tell what will be the result of a
complete monopoly by looking at the
results we have followed from an at
tempt to secure a monopoly because in
the attempt to secure a monopoly, the
monopoly has been lowering prices in
order to rid itself of competitors, but
when it has rid itself of competitors,
what is going to be the result? My
friends all you havey to know is hui
man nature.
Men Are Selfish.
God made men selfish. Selfshness is
merely the outgrowth of an instinct Of
self preservation. 1t is the abnormal
development of mans desire to pro-
tect himself.
I'VE must recognize selfiShness and
we must so make our laws that people
shall not be permitted to treSpaSS upon
the rights of others in their efforts to
secure advantages for themselves. L
believe that society is. interested in the
independence of every citizen. Society
is interested in this because if a man
dies and leaves no provision for his
wife and children, the burden falls upon
society. 1 believe that the principle OF
monopoly finds its inspiration in the
desire of men to secure by monopoly
what they cannot secure in the open
field of competition.
Another thing that, to my Judgment
has aided monopoly is a high tariff.
Nobody can dispute that a tariff law.
import duty, enables a. trust to charge
for it's product the price of a similar
foreign product plus the tariff
Effect of the Tariff.
Now some have suggested that to
put everything on the free list that
trusts make would destroy the trusts.
l do not agree with this statement as
it is made so broadly. 1 believe that
the high tariff has aided the trust to
collect more than the trust otherwise
could collect. But do not believe that
you could destroy all trusts by putting
all trust made articles on the free list.
why? Because if an article can be
produced in this country as cheaply as
it can be produced abroad, the trust
could exist without the benefit of any
tariff at all although it could not ex-
tort so much as it could with the tar
iff and while some relief may come
with notifications of the tariff we can
not destroy monopoly until we lay the
ak at the root of the tree, and make
monopoly impossible by law.
1T has been suggested that diserimi-
nation by railroads has aided the
trusts. There is no question that dis
elimination and favoritism secured by
one corporation against another has
been largely instrumental in enabling
a desired monopoly to become practic-
ally complete monopoly. Now that
can be remedied by laws that will pre-
vent this discrimination. and when we
prevent the discrimination, still mo-
nopoly may exist.
Remedy Must Be Complete.
1.-THE remedy must be complete
enough to prevent the organization of
monopoly. Now, what can be done to
prevent this? We have a state govern
ment and a federal government, and
while this dual form of government has
It's advantages, DOLn the Sldle anu LEU
eraI should have concurrent remedies.
I'm the first place every state has or
should have the right to create any
private corporation which in the Justice
of the people of the state is conducive
to the welfare of the people of that
state 1 believe that we can safely en-
trust to the, people of state the set
tlement of a question which concerns
them. If they create a corporation and
it becomes destructive. of their best in
terests they can destroy that corpora
ton, and we can safely trust thern both
to create and. to annihilate if conditions
make humiliation necessary.
"In the second place the state has or
should have the right to prohibit any
foreign corporation from doing BUSH
ness in the state and. lit ought to have
or has the right to impose such re-
strictions and limitations as the people
of the state may think necessary upon
any foreign corporation doing business
in the state.
Duty of Federal Government.
"I believe, in addition to state REM
edy. there must be federal remedy.
and l believe that congress has the
power to place such restrictions and
limitations, even to the point of pre-
vention, upon any corporation organ
lied in one state that wants to do DuSi-
ness outside of the state.