New-York tribune., 1903-01-07
.SEN4 TOR HO4R'S SPEECH
He Explains and Defends HIS 4Hfi-
Trust Bill
IBr TELEGRAPH To TIE TRIBUNE. I

Trust Bill
IBT TELEGRAPH To THE rRIsUxEJ
Washington. Jan. 6.-with vigor and FIRE
which at once astonshed his coilea CUES and
secured their undivided attention and interest
Senator Hoar to-day delivered his promised ad-
dress in explanation and defence of his Anti
Trust bill. The transcendent note Of the ven
cradle Senator from Massachusetts was a con-
fdent and answering optimism. far at vari-
with the general impression Of pessimisra
his antf-imperiaIistic utterances have created.
of the future prospects and greatness Of this
country he drew glowing picture Th=oughout
the entire address. which consumed nearly tVo
hours. Senator Hoar time and again reiterated
the declaration that he regarded the problem OF
trusts of future rather than present
urgency. declaring that trust legislation now
was necessary rather to avert future evils than
to remedy conditions now existing As IL
answering future charges OF having drafted a
measure too sweeping and drastic in it's pro-
visions. Senator Hoar frequently repeated his
conservative views Throughout the speech the
galleries were crowded \ large number Of Sen
ators followed the words Of the Massachusetts
Senator with the closest attention. and many
personally congratulated him at the close.
WHAT MR.. HOAR SAID
Senator Hoar spoke in part as follows:
I suppose that nearly all thoughtful men in this
national ought to be had for the regulation and
masses Of capital whether that term ~tTust nsT
be properly applicable to them or not accumulated
erty and conducting business without individual la
r1ss ,by SPPse @ IN general weF % s7'c eb speak %
tons, commonly with each other. although some
trolling some manufacture or some carrying trade
the ed f is possbl tbat Sg nav Is e1 91 ~
pished however BY single Individual or 4 SINCE
be wholly effectuaI must 70 a eonsdersbe ~xtent
be De appheaple 70 trusts technically 50 called %
vsts copartners.hpss OF individuais.
FRs e9sI syif on {9e ~ c55st3e1 6TgSS f5
secGnd-The en- ma9nager9entt ut ql local industries 0y
Third 6Dsestr1iseti,on Of l2eal pubic spirit
Management for the private benefit Of the
seventh-The power @ corrupt elections and
Eighth-The want Of personal responsibility TO
Nnth-The absence Of personal liability for corr
tracts or wrongdoing-
main-in the dead hand; il We may use the an
enough for ali ,urposas Of mower m serve the win
that wields il; 1t Is dead only to the Influence o.
the people
FREE TRADE NOT a REMEDY
1t is said that the tariff fosters these trusts and
aRufsstursd an ot BY og trust upon The free 2 Ies
taniv IL would not reach carriers or dealers in the
natural product Of the country Ike the Standard
the owners Of mines The railroad and the stears-
boat companies would thrive oy nFInslns 1 n re re
other day. think by my colleague ~ you put tne
trust have absolute monopoly OF the article
i u Tn - tE XII 51 GI1 an ~ l ne ~ ot aIS- snd 1oT
give advantage 70 the foreign trust over u
There may be some weight and value 70 the sus-
gsstion IL and the remedy may % worth :, thi1kng
controlled and mOnOpOlized by a trust can
Of the gentlemen who hav made this proposition
w4eR they J9nk a of an an Ics a1ha d PENS ~SH an
out all domestic competition by an adrott and
market So do not wonder that fh9t remedy nas
occurred 10 some good men, but do not believe
can ind better @ One and Is believe ',s that MI
The great railroad or the great manufacturing
and Of States. II MASSACHUSETTS undertake. to
curb or regulate corporation I- At Lowell or Fall
ike it, he can move it to Indianapolis or Chicago.
the hours Of Ia bor or the sanitary conditions or
the employment Of children in the factory in
moves its factory to Rhode Island-that is an
Now. what IS the IIe9n,sequence? -, The ~orkIen
the spirit OF monopoly and unlawful cem5inatIon-
wofkman Gali Who vi does n5t submit his ndivdsl viii
70 the edict Of the trade union can neither work
manufacture Of the country in any branch on one
manufacture on the other are 70 De controlled 5y
two great corporations. by which; as between the
individual. which has made alike the glory and
the strength OF the republic. is gone
THE OWNER AND THE STATE
But the owner says: Have I not a right 70 DO
what I will with mine OEn2 You have not the
right 20 do what you viii with your own when you
get wealth in such masses that IL becomes men
ace the State You have not that right when
you a corporation deriving all your powers
from the State nation. While you srtf-
fetal being created by the State nation. into
whom the State nation has put the breath or
and given the law 10 its being. Sbso-
Iuteiy subject to the State nation The state
nation has the right to impose "A law upon your
hurtfuI to the community The State created you.
u gave you your immunity from personal response
billty for debts. II commits 70 you. II you are
railroad II "A manufacturing corpora
tion using water power. its own great right Of emil
nent domain. Congress has the right 70 say that
such artiiCi iaI being shall engage in interstate
commerce sept certain conditions One %
these conditions will be she personal liability 81
your Individual members Tor contracts and for
unless you comply with its commands
have power from the public. Your
property would be valueissS but for the agencies
and powers which have been committed 10 You By
the State The State has delegated 20 you its
power Of eminent domain. the right TO take private
lands and to cross highways and nstvigsble
and Law your track In some cases along
fhe highways The State has much right 70
compel your powers that Won shall
not he injury 10 the individual engaged tn law
mi commerce as il has require You
age YOUR locomotive that You shall not be danger
10 men lawfully travelling the highway 20
the passenger whom yOu carry
NovT Mr. President do not let me be misunder-
Not even sounding a note or alarm not
aFrafd The American people afraid. The
suirt Of American liberty. and the strength q
k,-..-fca, Tau he af American
N-1ar ~