The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-02-24
BELIEVES IN TRUSTS
REV. DAVID MORGAN SURPRISES
SOCIALISTS BY HIS
ADDRESS
THEY CANNOT BE ABOLISHED
Americas Industrial Supremacy Due
to Gigantic Corporations Reduce
ing Expenses of Production
Government Control Needed.

Rev. David Morgan delivered an ad-
dress yesterday afternoon before the So
claiists' club in Pfeifer's hall on the sub
Ject of Trusts" Mr. Morgans address
was something of a surprise to a great
many of the members of the club, for he
failed to condemn them
Mr.. Morgan took up the history of the
trusts from their earliest organization
and said they were the resul& of an ex-
animation started by a socialist of New
York. This man raised cry against
the number of drummers employed by
the different wholesale houses in the city.
saying the expenses of keeping these
men on the road must be paid by the
consumer. His cry against the drummer
was taken up by people all over the
country and by the manufacturers and
wholesalers as well. In order to save
this expense large commercial interests
were combined to save this expense.
1.-The first trust formed" said Mr. Nor
gan, was the whisky trust. The differ
ent d1stilleries were combined under one
management, and each one was assigned
certain territory into which it should
snip its products. All the drunmers
were taken from the road, and the ex
pense Of placing liquor on the market
was greatly reduced. While expenses
were reduced, the price of the product
was not in the least affected, and the
profits of the distiller was materially in
creased
The success Of the whisky trust was
SO satisfactory that the different
branches of commercial industry took up
the idea and formed trusts The Stand
ard Oil company was the next corpora
ton formed under the idea. 1t was per-
maps the most successful one that has
Deen organized, and introduced methods
that compelled those concerns which re-
fused to enter the combine to close IN
business. 1t started the idea among
viduals.
Since the formation of the Standard
the country has followed the idea. and
trusts have been formed in every branch
OF trade There is now a steel trust an
iron trust, a cracker tr11st and On m
embracing eVerv branch of trade
These, trusts are a good thing for the
country, and have resulted in making
PMS the greatest commercial nation in
the world, The trust simply means the
maximum production at the minimum
expense This enables the country to
take its place at the head of all the ma
t tna OF the earth, for it can produce
the goods needed at a lower expense than
can the other countries of the world
IL IS Iolly for us to talk of doing
away with the trust. One might as wei
tric car and use the mule again; or to
the FARMER: Throw away your seh-bind-
er end get out the old CRADLE Trust Is
but the idea of concentration in its high
est and most practical sense
BUT tine time is coming when the cap
ItaHSt VIII nave TO learn that this is a
country wherein it is better to be the
servant of the people and have their love
ana hOnor than to be the ruler Of them
ana suffer their hate. The government
VIII have to assume the control of ali
these large institutions such as the rail
roads. and not do away with the trusts
terest Of the people,"