New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-09-16
BRYAN ON TRUSTS
HE AnnRFssrs AN AUDIENCE IN ST
LOUIS - WEBSTER DAVIS'S
WEAK DEFENCE.


tee Of Commercial Travellers The hall is said
H. seat fourteen thousand people. Not only
vas every seat occupied. but every available
foot Of standing room was also covered
.fr Bryan was late in arriving al the hall,
having been detained by his attendance upon a
meeting Of the knights and Ladies Of Honor
at Concordia Park where ne also made a brief
address Mr.. Bryan arrived IN the city about
o'clock coming here from East St Louis He
,.os escorted across the Mississippi by com
inittee Of the commercial travellers, who met
hin IN the Illinois city. They brought him into
tbs city IN a carriage drawn by four white
horses and followed by twenty other carriages.
all drawn by white horses, and accompanied by
a mounted guard and large squad OF police
The meeting at the Coliseum was presided over
by J. W Jump. chairman of the Commercial
Travellers Committee, and the time previous 10
Mr. Bryar's arrival was filled by other speakers.
The first Of these was John A Lee, Democratic
candidate for Lieutenant-GOvernor of this State
and himself a commercial traveller, and Web
ster Davis also spoke.
Mr. Davis took occasion to reply TO the recent
charge that he had received money from Presl-
dent Kruger for taking a position in favor or the
Democratic ticket i'll the present campaign he
said that he had gone to South Africa to visit
a personal friend of his who Consul there.
He then referred to his career as Assistant Sec
rotary Of the Interior under the present Ad-
ministration, saying that he had worked day
and night for the Government for three years
In addition he had fought the battles Of the
Republican party for four years, having given
several weeks of his time to secure the election
of Mr.. Hanna TO the Senatorship from Ohio.
He then said: I have been accused of an in
famous crime by men I do not know and who, I
have no doubt, are getting big pay for what they
are doing. I challenge them to produce a single
letter that have written or TO bring for
ward any other legitimate proof to substantiate
their charge"
Mr.. Davis said that since he had changed his
views his crippled brother who had held the
place Of Assistant Postmaster at Kansas City
had been deprived of his office.
Mr. Bryan read his speech from manuscript
Ills address in part was as follows:
desire to call special attention TO the growth Of
under the reign OF private monopoly? II you
mol leave him fortune, you car leave him some
thing more valuable than money. VIZ, the lIeeu0Il
sdTance Ga Of his own Welfare When there is
tndnstral independent each eItzeR Is S9bia'gG
profit by his own genius, MS own energy. ms own
Of industry will be Controlled BIZ one or men.
and the fruits OF monopoly ike the divine Ilght OF
rule, viii be kept within The possession OF few
ncers OF Res1h vii be eondemhsd 70 perpetual
eerksnP or seTtude Mhen n so viii 6ny the
finished product at the price which monopoly nxes;
Oily fixes. and. if ne works for wages, he Will work
for such compensation and upon such conditions as
During the present Administration no honest
these monopoes The RepUbliean party controls
the executive and me eg5a can e6fdEce b Jaws
which now exist II can propose and enact new
the con nav Of the Republican, PARTY and read The
speeches OF Republican leaders and stu believe me
Republican party sincere IN Its declarations against
The Republican platform on this question and the
Presidents letter OF acceptance, taken IN Coilie-
ton with the party's record prove c9ncIuSiEe,y
mat no relief can be hoped Tor from that parry.
Instead % pointing out the evils OF trusts me he
present conditions The trust Is a part of present
Conditions. ii Republican leaders really regarded
private monopoly eyll, il they realy IN
tended TO apply effective remedy. they would
ior their determination but they express far more
sOlcitudc for the corporation than ior me people
corporation which, their opinion. is getting
;ialosSo ~ go lrGIa Tbpee sessions of Congress
have convened and adjourned since the PRESIDENTS
specific measure looking toward the overthrow of
me opening Of the last session Of Congress P91ss
and Senate a bill creating paper money rus
banks complete control Of the National currency
Just as Congress was closing farcical and hippo
by the introduction Of an antitrust amendment
necessary and was Intended 10 deprive the States
of the power which they now possess. rather than
vicious amendment was defeated in the House by
Democrats.
ian antitrust bill, which was supported by the
n TS Segafe referred the bill to- The Judiciary
Committee against the protests OF the Democrats
who urged its immediate passage. The Republican
Ing the campaign, and pays back It's OBLIGATIONS by
tween campaigns.
THE EFFECTS OF TRUSTS.
The small manufacturer IS constantly menaced
by He does know AT what moment
some large corporation Will attempt to monopohZe
me business ~ @lSl3 ne Is dt tf nm in
an industrial conspiracy against the rest OF the
organization By The larger corporations engaged
IN the same business, or Dy trusts formed 10 con
trol iron. steel. tin plate, some other product
used as a basis for further manufacture In what
6qs ae 16 G9yF Sf he Starts m any S ndePen9en
business he VIII find il difficult II not impossible
TO undersen him IN his territory because it can
Objections and takes stock in monopoly ne does
freeze cut the smaller stoekhoiders -
trust fixes the terms upon which he shall SELL and
often binds him by contract 10 sell a competing
be shortened, and fhe merchant viii be compelled
bear all the risks Of trade. When the trust
the advance with his customers. so far stock on
the market and then lets the price fall the mer-
chant must the loss accumulated stock.
Company closed Several OF its factories few
months ago and threw some six thousand employees
out OF work; II dropped the price Of nails and
bSEbed wire in order e work on surplus stock
lad iessened the demand Every merchant LOST
money on the nails and wire on hand.
The supply Of common chairs IS now considerably
q excess OF the demand. but lest the Republicans
people too busy sit down may add that there
recent issue pointed out that the production Of
IN was falling on. the decrease amounting to
i'rort OF July stated that the woollen mills