The Union times. [volume] (Union, S.C.) 1894-1918, 1900-02-16


by tho American tnti:rGSt league, MIR.
Edward u. Jennings Of New York spoke
in part as follows:
thc.g & p'tm!ist Speaks.
Mr. Samuel II GGee,y, member OF
tho the Chicago board CT trade. took as
his tonic the question 'Eatmers OF
America. Arc Ycu Slaves os Free Mehf
For Whom Are You to!..nS! =
he said ii part:
Il; Is not my puvT. 90 - discuss. cd
init or dcny the IlGLC oi Jus'icc oL pr
yate individuals or corporations 10 COM
',irc Issue to lGH.!Iy-, "a II tES inter
| ;st of LubIC poi'@y c'Educt thelE uU9i'
| ness Tor D:UrN r.0i; ~ srch COM olna'
rion; but 10 declare that when puo!lc
officials or corporations, licensed by the
| peopls for cvc.3:u sEcclhc purpose,
| violate the sacred purposes ana Dy
! which violation C2s.&IA the IaOor ora
! con tineut, it is tiuC mankind assumes
Godgivea right 10 hGcrty anc equity ia
! commercial suG social lie and insist
/ upon an enforcement or Such measures
Us shall effect rIulya! c-I2EsS.
"rhe Chicago pub 10 warehouse COM
bination Is made vp English, New
! York anu Chicago capi:ll, ara Is sup
ported Ivy the western rai.c0 IDS onter.
ing Chicago, and W.! in a measure IL
lustrato the operation O.: ':.,,'i ).
| 'Tho objaSts - th!S a.....LCA lre:
"i To act as agents Of railroad in
terests Co dr. W gram 20 Chicago, thu,
preventing: l;S d:vSr,:c3 20 .Hi iiierme'
u!ate lWn rUiuu point u sfi;;c or" nne
winch mirh CT: >ECr- mo fCi freight
fer tho longest r-&sl.-o N3C! ca the
original haul.
-. 10 mix, manipulate, sort and
man uiacture urtoli quantities of inte.
,,f ,tni,, i,,f. ~
grades which will apply on contract
under the rules OF tho board OF trade
puI sell tAam for azure delivery. This
grain il mInu:acrured as TO barely pass
inspection into such improved Eralos,
the object being to make them as unic-
SRA nie as possD to tho purchaser. III
order 20 force Its cOntinu uancc III the e.
evators, 10 accumulate storage charges,
r. :hmr han 10 seek shipment anu con.
sum ption.
10 b ocli the natural flow of coEl.
merce and hoard millions Of bushels at
market Ccu .ers to depIeSS prices; for bo.
ing carriers of grain for storage pend
, ing the Unlo OF future delivery Tor
which the products are sod, 1T 10 evi.
, ! .rr"v'S- tha lnyer they can get tho
: | interest and other Ch IccOs necessary To
hold them, consequently the larger the
profits 1t might b. stated also that
the storag1 charges always remain the
same, not denroclating IL proportion to
aIr decline III the va,ue OF the rrou uct
'Thc underl"irg primary cause OF
depression Ill prices IL u public official
actinS as private grain dealer in a
public warehouse with the permission
nna Co operation OF railroad companies.
Organ Ell EfTJrr the l. MY.
"Many of the cau;os OF hard times
! In recent years arl.e from this alliance,
anu TO sever it and demand change
| that vii! rcctity the evils will necessl-
| tate pubic Sentin mt as strongly or.
Eanized. influential and determined as
the com binatlOn.
''lt should not be overlooked that
pr plic warehouses are servants of the
people, licensed by the state created by
the Virtne OF the necessities of COM
merce. who. while authorized by law TO
act as custodIans only, uSurp lhsir du-
Ties, form II monopoly and year by year
XIII the interests Of producers VINO cre-
ate them
There is necessarily involved in this
problem moral as we'll as q CONNER.
f61 OF ourselves. We "Gan1f maS at be kksepghs.
elder our children.
he antocracy of the American rail.
way furnishes an issue as great os auv
Tor which our Iorefathers cousidor.i !,
necessary TO night. but lot Us hone tbot
'he "iSaom or modern high ideals Will
solve this problem on the lines OF n trna
Christian clvinzation."
ihe trust system as system bids
lar 10 ueS'roy TINS democracy. 1t has
GOT 10 point that we nust Gestrov thn
trusts or the trusts Will destroy us IL
Is EttlDg that con .erence of This LID
shouiu begin on the anniversary of T1n.
co!h 8 birthday. This is a free rneetino
OF Tree people. and Abraham L;nooln
niWays stood for the yeoDe If Abra.
nam itncoIn possessed one trait which
shone Ake star above all others that
trait was honesty. If the trust svstem
AGAINST winch the peonle are nrrayed
possesses one stain DI5cher Than 90
o'Her OH ITS record, that stain - diehn,
| esty. :" N.'i""'
LET any one familiar with Li,co,r
4n' MS mo try to imagine Abrsbam
! Lhcolh tho president OF the Standard
OL trust. ard the character of tLat
thTnst VIII lie almost self evident In
INC nature or things Abraham Lincoln
coaio not and would not have been q
" .eoerate ia any OF the crimes OF tho
Standard Oil trust." 'no
OF the Standard Oil trust, winch 6a
sain. was 'contessedly the paren, ="
ehe trusts stem. All other trusts ara
patterned after it. While StanSard 0;I !
iionrlshes they all flourish Conid Ia
standard Oh be destroy ed. they will ali
D1 destroyed. As Standard oil eyceads
all other trusts in its wealth and now:r
% DO 'he presldenr OF Standard excels ali !
o'nSr ..6rh lresidents in wealth and power.
ao- me me capital of the Standard Oil 10 !
$97, GOO 600, quoted at over 15O moL;n,
lts market va'ue over $500, 600. COO I,s
Gear profits are about $4o. coo 600 ner
year, mostly going TO o trustees Manu