New-York tribune., 1901-11-04
TRUSTS NAY BE 4 MENACE.
ADDRESS OF NEW PROFESSOR OF YALE LAW
SCHOOL. CAUSES A FLUTTER.

New-Haven. Nov. (speclaD.-rhe lrst lecture Of
Professor Henry Wade Rogers, the new incumbent
~ ,ba cbafr IN the Yale Law School made vacant
by the death OF Z. J. Phelps delivered on FRIDAY
night IN Hendrie Hall, has caused a futter among
the Yale faculties and those who heard him. RIO
fessor Rogers handled trusts and city governments
without gloves in his address. HIS address. which
has been briefly reported IN the newspapers. was
In part follows:
The subject Of corporations, both public and pri-
vate. is to-day commanding profound attention lion
from the lawyer and the statesman alike. The
power which private corporations possess Is so
great and their capacity for mischief Is so bound
necessity which exists in this country deyisng
resraRts for the OF cSgporatios 1t Is
within theft power to reconstruct the industrial
decree at what pafes ANY ANY xnrssed IT.: "Rairosd
rates have become the air which Industries
The railroads by the rates they make pa can de de,
City shall be produced IN New l9Tk state Sp IN
Who buy their goods IN New-York city shall haze a
G tdn or Phiisdeipha The time was if it is not
sl. when tie railroads could dictate t not merely merely
they could be carried on. Take the case OF the
m 9 t that hat m nG pd
sesses was built up by discrimination in freight
of the Standard oil Company. In order to crush
out independent reineries. in the course OF year
and half the company received all i l. Was wa SOS said
to have received from the rairoads-$l9G'Wb IN
Commerce Commission with view to regulating
but M The c2mmissiGn s no power 0
studying this problem and an industrial commis-
months is expected TO report at the next session
That trusts may result in saving in the waste
of competition is doubt true Against that
fude-the evil of stock watering Of high prices
for consumers. because of monopoistic powers
the continuation as being the largest buyer.
@ ae above m s m n
corrupting influence which may be exerted over
Of government-the executive legislative and even
judicial 1t is within the recollection of some who
are here present that it was openly charged in the
public press that the influence of a great corpora
ton secured the apP9i1tttmenmt 1T o. ~, gentleman
Of the United States The Judiciary COMMITTEES
favoraby. although after much delay and con
siderable feeling. he finally confirmed by
There may have been no truth in the charge then
made & and it Is I now mentioned Simply to show how
the highest court. and that without corrupt meth
ods a few nights since it was. openly charged in
the corporations were conspiring to elect certain
o2 @ not Me- y snS sre an
direct attention to certain problems about Which, 10
| the people are thinking. and which concern us as
! Territories have passed laws to destroy existinp
o Fifteen 10 ses haR the
| constitutional provisions for like purpose In
| known as the Sherman act. So far as industriai
development is concerned think IT is quite gen ir
had little practical effect There are not esa few Mb
@ Of h 2d 2e sdrs cities d b the shs
Of American cities gives occasion for deep concern
city government in the United States is extrava-
is the and bro6aD that Gw N
| connection it becomes necessary TO consider
h the paP Of Of a or
the the esds 9 ,e Il is Ggesen or Of rule
| theory of city rule. The question Of municipal