The Butte inter mountain. [volume] (Butte, Mont.) 1901-1912, 1901-10-17
LECTURER TELLS HOW HE CAME
TO STUDY ECONOMICS.
LOOKS FOR CHANGE on COAST
Pessimistic Ideas ON Free Gov
ernments-Leaves For
Salt Lake.

Henry D. Lloyd of Chicago, who lee
tured last evening at the Auditorium on
New Zealand" talked entertainingly
today ON some of the causes which
led him to pursue the Investigations
which have brought him into the field
as lecturer on the subjects which now
engage his attention.
Mr.. Lloyd, who was for many years
one of the editors of the Chicago Trib-
une. Is q cultured man. who is devoting
his life to the study OF questions which
pertain to economical matters.
In 1881, in an article in the Atlantic
Monthly, he dealt with the "Story of a
Great Monopoly" This article Is said
to have been the one that really initiated
the antitrust movement in this country.
Book on the Trusts.
Later he wrote Wealth Against Com
monwealth." a book on the trusts. After
finishing that book Mr.. Lloyd concluded
to leave aggressive measures against the
trusts behind and work to solve the
problem Of monopoly in other ways. Let
him tell the story himself from this
point:
after writing Wealth Against Com
monwealth.' turned my attention from
the evils Of the situation to constructive e
work. think the people will learn soon
enough the evils of the situation, and
they should prepare to study positive
and constructive things.
I'm order to inform myself along
the line I was working I went to En-
gland and there studied the cooperative
movement. The result of my observa-
tions there is shown in a book entitled
Labor Co-Partnership.'
Sees Promising Field.
after finishing that book thought
the most promising field for further
study was in New Zealand and Aus
tralia.
II spent considerable time in those
countries, and what I saw led me to
write Newest England and A Country
Without Strikes The latter book deals
with compulsory arbitration system.
people in these times are becoming
pessimistic about free government. My
work is to report to them as the result
of my observations ana study, that there
is no occasion for the existing pessimis-
tic tendencies-that the world is prepar-
ing for a cooperative system. The
change is not to come through the work
of theorists and idealists. 1t will be
worked out by the common sense of the
people, when the pressure upon them be-
comes heavy, SO heavy that they can not
bear it.
II might observe in passing that 1t
seems to be quite probable that the ini-
tial movement in this country looking
towards the change, will come on the
Pacific coast on account of the new
monopoly of the railways.
Destined to Grow.
1.-The great western slope Is destined to
grow rapidly, and the pressure Is likely
to be felt sooner here than elsewhere.
/ believe in government ownership of the
railways"
Mr.. Lloyd expressed himself in enthu-
s;astic terms of the state Of Montana and
the prosperity of Butte. This is not Mr..
Lloyd's first visit to Montana. He was
a guest of Henry Willard in the famous
Information picnic, which that man or
ganized to witness his driving of the
Golden Spike, completing the Northern
Pacific. Mr.. Lloyd has been lecturing to
large audiences in San Francisco, Port
land, Seattle and other principal cities OF
the Pacific coast. He left here this
afternoon for Salt Lake City, Denver
and Omaha.