Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1900-01-18
TRUSTS
Were Well Discussed
By Mr.. O. C. Barber and
Judge TibbaIs.
Both Sides Were Ably
Sustained.
First Entertainment Economic
League Series.
Audience Was Much Interested and
Well Entertained.

There was present Wednesday even
Ing at the meeting of the Akron
branch Of the Economic League, in the
City Council chamber, an audience of
100 people.
The main feature was the discussion
Of TRUSTS" by o. C.Barber, who up
held them, and Judge N. ID. Tibbnls,
who took the negative side. Both ad-
dresses were Interesting. Mr.. Barber
spoke first, and after the usual pre-
llmlnary remarks, in which he spoke
highly of the League, saying, mo
mind Is the exact duplicate of another
and none 80 poor, or great, that 1t will
not be benefited by IN interchange of
thought. however divergent our
thoughts may be-" He said in part as
follows:
"The subject that has been selected
for me at this opening meeting
'"rrusts"--is one that only master
mind. accustomed to concentrating
thought, can master In the short time
allotted to 1t. therefore apologize for
my poor presentation Of 1t.
.Vlt.n l,, h,
press. has become word Of "distrust"
rather than the definition given It by
tue authorities.
"lt seems to me that no word In the
English language is more expressive
than the word, trust II means to the
ordinary mind, honesty, stability, conf
dence. | trust you. You have my
confidence, and if do 80 fully with
those with whom / am associnted,I am
justly happy. The great commerce of
the world is done ON trust, Commerce
IL the interchange of confidence, as
well as commodities.
'In America, we trust the world will
want our surplus of cereals, cotton,
Iron and what-nOt, that we may have
surplus of, and the balance OF the
wOrltl who need these commodities,
with whom we have commercial rela-
tions, trust that they can get these mr.
tlcles Of MS for their wants, at reason
able prices, and vice versa.
Commerce Ia the great trust OF all,
and hence the great clvlllzer. If IL
could be told how much of the worlds
business Is done on trust, and whit a
smnll percentage Of that trust Is mis-
placed, we would all have greater con.
ildence in the honesty of man
kind.
"Thc prompting influence OF all effort
ls success, knowledge, profit, gain, in
some form, Is the goal sought for. Co
operation broadens the field for sue.
cess and lays tho foundation for great
and lasting results. A home minus the
trust principle, and cooperation In
thought nnd action, lacks the clements
necessary for hapl. ucss'
Mr.. Barber referred to tho elemen.
tary principles of trust, of the motives
which nctuate mankind to aspire unto
the attainment Of wealth, what true
wealth Is, and tho laws that control
and regulate II.
or modern trusts, the speaker said:
'"Tley are we'll thought ont cncrgles--
not to swindle the people, but are de-
vices of production and distribution
to effect savings, out of which wealth
Is created, If they do so without
fraud, nre those who manage these
trusts not justly entitled to temper.
AIRY trustceship of tho woulth-the ne
cumulatcd savings they create? 1t IL
Il great mistake to assume that all
hh'h k'hiS INV tIuNth, So-Cuiitt, no NO
with dishonest motives. They recog.
nize that the methods OF trust are
but cvolutions In business, productive
of the greatest good to the greatest
number. That they do SO.
| am here to sustain, and In
making this statement, | speak from
exact knowledge, and not from pre-
judlce or hcarsay,
~ have been connected with one Of
these combinations for 10 yenrs, and
have acted AZ president OF 1t for most
of that time. May II not be presumed,
therefore. that have some knowl-
edge of this particular combination
or trustS do not care what you call
II, for you cannot change It's qualities
by n name. "A rose by different
name would smell rs sweet"
Mr.. Barber then took his audience