The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-04-09
HER REPRESENTATIVES WIN THE INTER
COLLEGE DEBATE.
THE CONTEST WITH CAROLINA
Decided in Favor OF the Debaters from
the University OF Georgia, who Ar
gued the Affirmative side on the
Trust Questfon-This Makes Two
Victories for Georgia Against Three
for Carolina In These Annual De.
bates.

N@DS
the University of Georgia and the Uni
Versity of North Carolina was held to-
nisht and resulted in a victory for
Georgia.
This is the second debate won by
Georgia. out OF those already held.
Inc debate was held IN the college
chapel and vas holly contested from
the start. The auditorium was deco
rated in the colors of the two colleges.
red and black and white and blue. A
large audience was present and they
We're in thorough sympathy with the
~debaters. All of the speakers were per-
feet masters OF the subject and hey
showed excellent training, and a great
amount of study. The debate was
strictly won on it's merits and the re-
suit was greeted with great applause.
The query debated was:
Resolved. That the combinations of
capital, commonly called trusts are
more injurious than beneficial"
The affirmative was argued by Geor-
g1a, while the visitors champIoned the
negative.
A Georgia university student was
hAok SpSChCI. AlliOllS the
points brough out by him were the fol-
lowing: 1t is vital to know the differ
ence between a trust and a non-trust
and our purpose is to define that diff
ference. A trust is a combination of
capital sufficient to materially control
production and seriously effect prices
at will. There is no essential difference
between a trust and a pool. Their pur-
pose is the same. I tell you trusts are
an illegal combination of capital. Their
is a difference between corporations and
trusts. A great difference-of power,
strength. The corporation is the weak
ling. The trust. the giant; corporation
is dependent; trust is independent.
a corporation ceases to be
the servant and becomes the master of
society. then it is a trust. The obious
end of a trust is to control. The con-
test is now going on between the indi-
vidual. partnership and combination on
one side and giant trusts on the other.
Trusts are an economic evil because,
1. They demand of society interest
for money that does not exist. This IS
called watering the stock. This is a
practice of fraud, dishonesty and theft.
Over-capitalization is the very sinews
of the trust.
2. They destroy competition, which is
h life of trade and society's safe.
guar against exhorbitant prices.
3. Fear of potential competition.
Trusts have two ways of dealing with
competition. They buy it out or run it
out. Competition is the very life of So
ciety. 1t holds in education, politics,
religion. 1t is an essential essence of
life. Life itself mean contest and COM
petition. Competition does not mean
to the buyer or seller, complete destruc-
ton of profits, but a reduction of profits
to a fair and moderate basis. 1t means
t.
profits out of luXurieS of life, while
trusts make theirs out of the ~necessi-
ties. Trusts are q new thing with a
new nature. In The industrial world
it is nothing more than a revolution.
Trusts ideas are of monopoly which is
a dangerous principle.
| Mr.. d. F. Stern followed for the mega
tive. He told of greatness of our age
| caused by invention and perfection of
machinery, facilities for transportation
and communication. To supply the
worlds great demands organizations
are absolutely necessary. The business
man has found out thai his true inter-
est does not lie in opposition, but in
combination. He showed To- Unequal
ity of demand and supply either results
in a panic or in industriaY combination.
The trusts are caused by the demands
of u foreign trade. by the magnitude
of modern business, by Over-production
and by excessive competition. Trust
does not differ in character from the
corporations that "a preceded it. The
trust. owing to certain economics in
herent in it's nature produces and dis.
tributes cheapest. the consumer gets
the benefit of these economies in low
prices, the very life of the trust de-
ponds upon this fact. This increased
consumption means more labor and
that means increased wages.
Trust produces cheapest on account OF
great specialization. improved system,
employment of best scientific skill
manufacture Of best products, an ap-
proximate regulation of supply to meet
the demand. The economies in diStribu-
ton are: Doing away with unnecessary
selling force. saving of ~icrosS-country
freights, improved transportation IA
clltleS. conservatism in extension o.
credits. He shows why trust must
keep dow prices, and points out tht
benefits to the laborer, to the farmer
to the producer inc in tht
! prosperous condition of our people to
day. He points out the great impor
lance of wealth and pleads for the pool
man, that wealth may be placed in hi:
hands. not above him. Then we cal
turn u attention to using our effort:
n bending our energies toward tn.
uplifting of the human race. This il
the IDEAL cOnOlClOn anu We FAVOR III:
trust IA IL assists in accomplish
ing this ideal condition.
ui lxsu SEA- LslBqsp puooes s.eISIoeD
the affirmative. To destroy opposition
o have monopoly. Simple combina'
ton is a good thing. Certain amount!
Of combination is good, put when tn
idea of organization changes into mo
nopoly. it ceases to push civilization
forward and retards it's growth. A.
civilization progresses tendency is ava
from concentrated power and towart
stronger individual This fact i:
brought out by republican form of gov.
eminent and breaking away from s1av.
cry. In politics and religion we hav
turned towar the rights Of individuals
Trusts either stop or retard thosc
forces which nature intended SHOULD
work. Our commercial supremacy i:
not due to the trusts. but to the grea,
a Of laboring people who have suf.
fered from il. Trusts destroy the in