The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1903-09-02
TO Whip The TRUSTS.
Report on Combines Read 10 Aneri-
can Bar association.
Committee on Commerce of the
Bar Association Makes a Re-
port, DenouneIng Trusts
AS an Evil and Suggesting Remedies to
Suppress Them.

Hot Spr;nes. Va., Aug. 2L-At the
naorniae session of the American Bar
Association today the annual address
was delivered by LeBaren B. Colt, OF
Rhode Island. United States Judge
from the 1st circuit. Judge Cots
sn biect was the Reasonableness OF the
Law.
ssThe common law is nothing but
yeason. Wss an opening sentence,
SSh;cb WAS the keynote Of the paper.
s. Wsitar Logan, Of New York, made
- varhal - ~ raport from the committees
on commercial law. ne comlneaSea LLIs' aslss
the national bankrupt law ana tnen
discussed the trust quest1on. ae salo
IS would have TO be seTtleo Dy she
LAWYERS If they did not demagogues
would. f combinations contlnae
eompetition will cease, and commercial
;nrisprudenee will eventually be en-
firsIy changed. The committee, he
said. had reached the unanimous con-.
eIns;on that the modern Industrial
combinations should be stayed.
The Hon. Charles T. MaEderson, or
Nebrska. said the report OF the COM
: ra;fsga had filed him with amazement,
s,7rnrise an indignation. He said the
renors Was calculated TO rend the As
SocSation asunder, and he resented the
sttempt to turn the body into poll
zeal hussings. He asked that the re-
nort he read. There was opposition to
Fhe motion and considerable confusion.
The Convention agreed 20 nsars sae 1s ~
port at once. is was leau py Slait- =
man Logan and was s Inlly oissasssu:
On the subject OF trusss tue iepois
says this ia the important quess1on 4,
now before the American Bar. Ine
report adds:
The modern conblnataonss pT1maEy
object is te contsoL TRACE laat;a,, aha soa,-
mercs IN pisIn aFsacies oi e.seeoa.
aRd sups5lJuGe HUE ~ 5ieso -. -.
monopoly In the place OF Moie Soi
less free competition. IL changes en-
tirely the basic principle OF CONNIE rcla,
rslations between man ano man, aaa
Il they are TO commune 20 gIoW Nl anu
develop n the fusnre as s. - wy e-ts.s+ psss
viii render aecessa!y nloss 80 ~ anl o1 oon, s.,,
changes IN Sne primer piss u GU
nercial laws. I uiDihasion % tai-a ia
economic force is fasI coming 20 saAe
5ae place OF eompetlslon. we are 800 aoM
haying eomplnatlons o. c0f1plaassena, mane t;an
The United Ssases ssssa ~ ba..a+asore ~. as.e
lsa comolnaslon o. 2 aobsn oba +penossIyes beeIys
eoAlpesllk s; ps9,f pgaf;onsa a. sill other pro
eiS .,.ssa :, tn-n often COM
nnceIs, anss lii atEa-S It;s estimated
s,s s5ons ~. $500 ~ ssiL. Ri comnany has
ssnl e, = ao,,troI .ss-ss or force the bust
= Aens asse ~ ~ S,o1 Sbonsand cornorations and
.ss.. :. ,1 ali I,arts Of the Union.
NJ ,,,ssa1,t ereat railroad lines of
Fsa sl,ss conntrv 81 have been made up by the
.,.,,, .,.n b;nation OF hundreds Of smaller
oano sa,,s au,e.- ayfensions Of one another
s-aS s-..ss. tSa-s Ss,.ss cononet;np lines.
~ psl's.s s ,osSs slt that within the
o. o1e 1e.,.s Ss-ssso a-oreater than j. Pier
s - sSe,.,s-, NJ. r;;I arise. who will COM
,o..s ~ ,sa 20. one arganization r all the in
.3lt.s tsso e.Is 4ba ss5S so that the work
Z osils. 9. o.. Fer WAGES ran find bat
man Wig .9 Isls,,, r,niavar ,I, and the pur-
one poss.Dss buf one n, nossible seller.
senaseE q Ns.sss g1-s sba ~ formafion Of one
Inc sss's tom, ea-no.a4;on = s.4G ~ which shall
llaa1ssItas III pi,ssrse otSs- ,.ornarations and
80 oss - ;+saIf siI al fha Industries of
sssl assasns y oas 80 bsan aI-eadv more than
siis isslo, ne =. s.,. fsr 1000 from
nail sahsn, y y - aov wa % had to 90 10
nov g ,.asa,9 .aas elg Ts nssrial conditions.
Eeacn present -. -ss..s.. aas.as1ir ss sas;,
IA monopoly Is ecoa0nlaea,y soaano1,ss o:T The
able that IS. IoE sns 1onopse mon.pussio, can can
United States ssssi guspsss1 = sslls thorn ,,,
produce, no matter "aas ~ setls az 0aSen ~
for, its goods cheapel saaa aansieat;or sIe Gls
ments out OF Wnlcn sne comDinaS1pa snnL. T5a
IS composed ever prooncso snem. liz ane
Standard Oil COMPANY Is eeonoalcai.y l:
holy, for it pays 10 per cenG alv,aenos. 3s
The Sugar Trust Is econona,caiiy COZ
rect, for, whereas the lndly1aaaa ,, sugar 5s
rstlners iosS money sas+ on sa1n nevs y b;g aiyi.
tions, the sugar Lsuss tag;.st;on pass o % The
asnds On z laigs cgplsaa4ss,, saa sconomicalIy
raiiroad conaoisssi9bs ssa thea az nv @SM r MI
asnpregnaDiess, es,;aa;ns 1 saT irnst. and M.
crgan,s en- shiples pss;ld;ng Trnss are
ScnWao,s s,nip % nu.s aSosgl;ons to the
failures, shsy aLe $1,000 eAes, ,elv IN
rule. we Cannot I LeeiSao Saus of f synn1v
natural forces, On aaao sas .ams oo5s;dera - leps.
and demane OF ea on ssono oaUlh - ~ moSarn
EionS TO llnlJ Bne Sto"sn VI m0ee"