New-York tribune., 1900-01-27
THINKS TRUSTS NECESSARY
JOHN D. ARCHBOLD ADDRESSES THE
SYRACUSE UNIVERSITY ALUMNI

Trusts was the subject of interesting talk
last evening at the Einth annual dinner and re-
union of the New-York Association of Alumni OF
Syracuse University, at the Hotel st. Denis, by
John D. Archbold. president of the Board Of Trus-
tees and vice-president of the Standard Oil Com
pany Following address on University Ideals
by Dean Albert Leonard, of the College of Liberal
Arts, who received cordial welcome, Mr. Arch
bold said:
The discussion of trusts, as the term IS popG-
Iary used, is really becoming somewhat hackneyed-
All kinds of people and especially that very e3n- ;
cuss the popular subjects OF the hour are pre-
nauseam. Most of them know very little regard
ing this subject. but the less they know the more
As matter of fact, trusts. or, to speak correct
Iy. large corporations. are necessary evolution
Of the times. We are adopting them as a matter
sent a tremendous step OF progress. The year 1900
will be marked in the history of country for
tional life. but in no one respect with more pro-
nounced importance than IN tins commerce. req 9T cor
will alike be benefited by them The investor 6y
OF capital and the combination of talent in the var-
Gus Departments OF adminisraIioni me fonspmer
through improved processes resulting IN DeSteF
products at lower prices and rore efficient dtstri6u
wages and a better opportunity for Improvement
IN % Sond9n sPeeal t5as talent is does not
come from the great busy industrial classes; ouI
emagogues-from the latter perhaps. more than
any other. 1t is impossible TO imagine in our Ma
sented in in the conceded representative head OF one
OF the great political parties nndIng the prlnelpaI
our National thrift and financial stability.
doubtediy es in the direction Of National or Fed
eral corporations. II such corporations should be
made possible under such fair restrictions and
provisions should r1ghtfulIy attach 10 them, any
branch of business could be freely entered upon by
all comers and the talk of monopoly would be done
Our present system of State corporations. almost
as varied in their provisions as the number OF
States, is vexatious alike TO the business COM
munity and the authorities of the several States
Such Federal action need not take away from the
would make it possible for business Organizations
TO know the general terms on which they could
conduct their business in the country at large.
Miss Austiana E. Taylor talked about "Co-Edu-
cation and Professor George H. Bond on "Ath-
letics at Syracuse" and then, amid general en-
thusiasn Chancellor James r. Day discussed The
Future of Syracuse University He said the pres
ent year had been the most prosperous education
ally IN the history OF the institution The students
now number fourteen hundred. Valuable legaCies
have been received in the last three mOnths-one
from f. F. Holden. of Syracuse to establish pro-
fessorship OF astronomy, and another from Mrs.
chair English Bible A gift of SO 900 pre-
sented by friend, who withhOIds his name. for
purposes of expenditure and several schOl-
arships have also been given
Day, Ito secure the most magnificent opportunity
of any university in Americe is 81 100000 of endow
comparatively near future. We can do more with
81 100000 at Syracuse than be done with twice
State because OF superb location and the rigid
discipline economy OF the last twenty five years"
Dewey. Phi D., 'S5. president: j. Frank Tallman
'79 hTst vice-president; the Rev. E. L. Fox. 81
retary; Florence Heermans 80 corresponding Sec
retary and Frederick L. Lewis. A NJ, "a. treas
selections by Ward stephens contributed to the
| enjoyment OF the evening.