The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-09-14
IRE TRUSTS GOOD OR BAD?
CONTINUED from First Page.)

t5tlefeIds. we believe that neither slav-
'-v nor involuntary servitude, except as
,a,ri,bment for crime, shall exist within
~ United States or any place subject
y, their Jurisdiction And We confident
y, assert that the commercial and indus
,r,l bondage being rapidly imposed on
,bs toll and talents of 100000 Ameri-
Cor citizens by the syndicated wealth of
a few great corporate monopolies. is more
Jra and dangerous than the slavery which
e9Wed the heads and burdened the backs
ri 100000 Southern black men.
and above and beyond these great writ
,sn guarantees of equality and justice, we
l,,,k to the lessons of history and appeal
n The authority of experience. When we
ore told that commercial combination
nromises golden rewards to the present
tendencies Of our economic system, we re-
member that no republic has ever survived
the mercenary despotism of merchants and
money changers
Talked of Regulation.
John Graham Brooks of Cambridge,
Mass. in sticking closely to facts" as
ne prefaced his address, was received
rifh considerable applause. Prof Brooks
devoted himself 10 the question Are the
New Combinations Socially Dangerous?"
He said in part:
The supreme question that confronts us
Is nat of possible regulation. I submit
sbat the time is at hand for some kind of
wide thorough and effective organization
Nor do I believe it open to doubt that the
immense pressure of this necessity is pro-
dncing the so-called trust. 1t makes it.
self far more than 1t is made. Men will
fight il as they fought Mckinley and with
precisely the same result. believe it to
h, The beginning of practical sense to I'M
derstaud that the new combinations can
| IN no sense be permanently smashed The
party which proposes to do this, in the
sense of absolutely checking them, will
have plenty of leisure to regret it. The
real problem, immediate and imperious,
is how TO regulate and guide the new force
thai stands merely for the latest stage
Of Industrial growth. If the combinations
arc to work for the public, as well as for
private good, three things, two of them
now largely under the voters control,
must be brought about
4 81 As absolute a publicity of methods
and account as the largest Massachusetts
corporation has to submit to.
4 80 Every artificial advantage given by
the tariff must be removed.
80 Railroad Determinations shall not be
. allowed to these com binations.
whatever the future may have in store,
we are not vet ready for state control
Of railways. For the immediate future "a
decade or sol the best intelligence must
elimination. The trust plus special rail-
4 road favOTs can never be other than a
4 danger because it makes directly for that
wider economic inequality that is already
peril enough.
Given an absolute publicity of fact and
the one dominating of danger-over-capI-
taGzation-is already half met. If the
trust movement spreads, as now seems
likely, by far the larger part will go to
the wall from sheer speculative bravado.
The people meanwhile will be rapidly ed
ucated, and, above all, the banks will be
swift TO learn the lesson, and refuse to
underwrite if the venture is too impudent
IN its risks. Only those trusts will sur
vive that are prudently organized and deal
with a product which lends itself to the
conditions imposed by the new combina-
/ ton"
William Fortune, president of the Indi-
ana State Board of Commerce, also spoke.
Committees and Officers.
The committee on permanent organiza-
lion met after the afternoon adjournment
Of the conference. The committee consist
ing OF one delegate from each state repre-
sented, aud each organization of general
scope was in part as follows: Texas, Hon.
a, B. Davidson; Florida John Franklin
Forbes; West Virginia, ]. B. Harris; South
carolina, A. C. Kaufmann; Mississippi, ].
", Culver; Louisiana, W. W. Howe.
William Writ Howe was selected chair
man fthe meeting and after hot discus
q sion was elected permanent chairman of the
& conference though three vice chairmen,
each TO preside during one day, were Sc
lecte5. 1t was happy solution of what,
al ore time, promised to be a split. No
one was willing to allow permanent
chairman to be appointed to preside at all
sessions lest he should favor some faction.
al.
gay Dudley Wooten, Texas; Friday. May
Or II. B. Johnson, Colorado Saturday, S.
F. Coriss, New York.
Ralph NJ. Easily was selected as perma-
nent secre larry.
subcommittee on programme and
ruits was also appointed. The committee
VIII make special rules 10 govern points
dispute but ordinary parliamentary
ruies VIII generally prevail
AFTER Vainly trying 10 solve the question
Of committee on resolutions the commit
ICE adjourned until evening.
Gov. AtkinsOn's Speech.
The opening of the evening session was
ueidyed for some time, pending the report
O. lhe committee on programme and or
sanHsHon. At $3.50 O'Clock President Head
Introduced Gov. George w. Atkinson of
lows
peheVe in progression. In this re-
slect am an evoiutionst. I believe that
we world ought 10 grow, and that men
ousIt TO grow with it,. Some sorts of
t'oupInes are, l think, economic necessi-
es which grow out Of our complex civil
.auoh as nation. The great manufac-
MiIhs Establishments of the world, COW
1lns all branches of industry, had very
Snan beginnings; and we, in large meas
Sie owe the progress we have made to
"eu OF means who combined or united
,b sgo what we call Corporations to make
's advancement possible. But there is
saSt difference between a corporation
and a trust.
assert here to-day that corporation
ans s".lled 10 as much sympathy, support
c cou respect as an individual because a
w. nj. poIduon' in law, is an individual.
hIn therefore, to be written down as
r nleua and hacker of corporations, because
'dle can be developed without them,
m Dn mere can be no growth and develop
rot "l' II they are inhibited by law, or are
~ Imported by the people. Without cor
rr,oiaallons' to-day we would be without
sr4 oads' coal and coke operations, silver
Soia producers, banks and other ac-
.t'NhltUge0 OaPaggfffac far t,s, 4, al