The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-16
MR. bryan. said No
WOULD NOT ADDRESS TRUST CON-
FERENCE ON SAME EVENING
AS DID MR.. COCHRAN
REFUSED TO TOSS A COIN
NEW YORKER SEEMED ANXIOUS. TO
HAVE AN ORATORICAL TILT
WITH NEBRASNAN
MR.. BRYAN TO SPEAK LATER

l
to MIR. Cockran's Addrcss-Mnny
sneeches Made for and Against
tl,e Trusts-Spcake Encouraged
nv ADnIause of the Audience,
which Is Daily Growing Larger.
CHICAGO, Sept. 15.-The exciting de-
bate looked for tonight between William
7 Brvan and Bourke Cochran on trusts
did not take place. Central Music hall
was packed with an enthusiastic audi
ence. but the people present had TO con-
tent themselves wlthou, he oratory OF
the famous Nebraskan, who, however oc-
cuuied a seat on the platform. Mr.. Bryan
reached the city early in the evening. lie
went direct to a room upstairs, where ne
was greeted by Chairman Franklin Head,
CONGRESSMAN Gaines, Ralph NJ. Easl7y
and other members of the programme
committee of the Civic Federation con-
ference on trusts. Mr.. Bryan surprised
the committee by declining to speak at
the night session with w. Bourke Cock
ran, in accordance with the programme
previously arranged. Mr.. Bryan explain
ed that he did not wish to let the i'm
preston go out that he was to enter into
a debate with Mr.. Cochran. For that
reason he said he would not speak with
Mr. Cochran at the same session. Mr..
Cochran was sent for, and he and Mr..
Bryan discussed the situation. The COM
mittee withdrew to allow the two orators
to settle the dispute among themselves.
Mr.. Bryan asserted that he never said
he would follow Mr.. Cochran with an
address on the same evening. If the
committee got that impression from the
conversation he had with them over the
ng-dtstance telephone yesterday he said
they misunderstood him.
MIR Cochran wanted to talk at the same
session with the distinguished Nebraskan,
and offered to flip coin to decide who
should deliver the closing address. Mr.
Bryan would not agree to this PROPOSE
ton. Mr.. Cochran then agreed to appear
at any time the committee decided.
The programme was then changed to
meet Mr.. Bryan's wishes. Mr.. Bryan
said he was anxious to address the con-
ference, and repeated that his only rea-
son for changing the programme was to
avoid any indication of public debate
with Mir. Cochran Mr.. BrS an will speak
at tomorrow's session.
While disappointed at not seeing Mr..
Bryan and Mr.. Cochran pitted against
each other, the audience nevertheless en-
joyed d rare treat, as Mr. Cochran was
at his best, and the speech was punctuat-
cd with frequent and prolonged applause
When Mr. Bryan made his appearance
at the entrance it was the signal for
tulnultuous cheering, which lasted until
the Nebraskan had taken his seat on the
Speakers stand. Mr.. Foulke, of Indiana
who was in the middle of an address
when the outburst occurred, put the au-
dience in good humor by saying:
i guess you came here tonight to hear
somebody else speak.
GRAVE PROBLEMS.
Mr. FOulke was followed by Hon Ed
ward Rosewater, of Omaha whose ad-
dress drew notably close attention fro,,
MS hearers. Mr.. Rosewater said in rar+.
aannI Ivy e are confronted by grave problems
~ 49, i3ety 80 py the industrial revolution OF
tie tite HlIeleenlh century. The trust is h111
ne OutSIoWth OF natural conditions ,TLo
t otSitu % modern CIVILIZATION is towards
ten6na,lza iaIIZation and concentration. This
no
CCHSesIon of population in large ci+iar
u-e DI3ldlng OF mammoth hotels tenc,
HleHL men docks, sky-scraper office buildings
IHt department store and cOIoccoI ,1,a,sS3 -
idctG. ing plants. The mOnODolistic Co..
pl:1ati9h OF corporate capital known as
u uSls nave their origin in overprodI1rfi1I
itaIizl.d IIilous competition. Honestly cap
IaHZed' and managed with due rega Ri
Tor the Weli-being of their EMPLOYEES arc
oFei aIeu economically for the benefit of
Germs r-5 'iers ars IL & rhelr product, these con-
decade the trusts have however for IL a
most part, degenerated into combinat tionS
Ior stock Jobbing, Nearly every trust
recently organized had its incentive ~
the irresistible temptation held ont t 80
the professional promoter to canitali2e
ttoLnpeung plants at from five to ten
Cifs inetf actual value. This fictitious
CdpItaIz9tlon constitutes the most dan.
gerous element of the modern trust In
HedFly every instance overcapitaliZation
f ofcolnes t,iil. Ine basis for raising the price
toundat1on for bank failures, panics and
ali the Ills that follow in their train
,,oIio IT IS IS matter of history that every
panic that has ever occurred In this coun,
IIy was brought about by imitation. The
panic OF 1897 was caused by wild land
S1S SS1PSecqlaIion e and ID imitation of land values
enormous initiation of paper currencv tieo is
sued by wildcat banks and conseGuenr
of offePSsIpeGuIatlon dSI and imitation of values
3s79 % ail s,S cases OF property. The panic of
1o'9' dScrloed to the failure of Jaw Cook
ana the collapse of the Northern Pacific
was IN reality due to the imitation caused
py an almost unlimited issue of green
DdckS ana consequent reckless specule
uon IN railway stocks and other securi-
ties that had been fraudulentIv inflated
The panic of 1888 was again caused bt;
the enormous imitation of securities IS
sued by railroads and Industrial con
Germs OF every description, among which
the trust securities, such as the whisky
trust, the cordage trust and other wild
cat Watered stock concerns were quite
prominent. The imperative duty of this
conference is to devise measures that
VIII make trusts harmless With this
END IN view it should recommend
tlrst-Ihe creation by act of congress
peureau Of supervision and control of
@ @CorporatlQnls engaged in Interstate COM
70 those exercised by the COMPTROLLER of
'Second-Legislation to enforca sucb
publicity as will effectually prevent dis-
honest methods of accounting and restric+
traffic and competition within legitimate
channels.
'"Third-The abrogation of all patents
and copyrights held by trusts whenever
the fact is established before a judicial
tribunal that any branch Of industry has
been monopolized by the holders of such
patents or copyrights.
Fourth-The enactment by congress of
law that will compel every corporation
engaged in interstate commerce to oper-
ate under national charter that shall be
abrogated whenever such corporation yio-
lates it's provision.
Fifth he creation of an Interstate
commerce court, with exclusive jurisdic-
tIon in all cases arising out of the viola
tiOn Of Interstate commerce laws
Sixth-In order that the constitutional