Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1903-01-08
.HOAR MAKES NOTABLE
SPEECH ON TRUSTS
Says All Thoughtful Men Are
Agreed as to the Necessity
for Their Control.
SOCIALISM is NO REMEDY
Interstate Commerce Act and Sherman
Law hrc Steps in Right Direction,
but Further Legislation Is
Needed.
SOCIALISM is NO REMEDY

tsis.s Il,,S. a n
,uese,,.s o,' Ms pii'' Mlieh
~ - -. ~
seh'seof iioai speech was ucNolea
entllfly 70 'he qleslioh OF trusts ana
i'a'tis 70 an explanation OF ms recently
iiilf9dueea amt trust pm. re began
nus aap.NsS WIN lhe assumption lhat
siii ''tpuSasltn men are Z gftee' as 10 lhe
hteASstly ol LEGISLATION, state OF ma
''oii'ti. iol the control OF trusts, He
ss.iu teat rs vel thcre mad been only APP
ptet-e-ssl'i and alaIm but no serious in
jury, t.cept IN the case OF the recent
c"ai stt}Ne, on account OF trusts. On the
e"'tfary- lhe Progress on our material
PtosPsl!ty haa been greater IN the past
rev Years IMAM ever heiofe mad been
Known snd our @ofkmea We're better
ON, on, ,siil .i.eiN ~ ne s'!a, a@.uai PERI
Involves a,,Iv me r,,t,,ras an,, NOT the
nfss.,,t
m. ss,,,ta. ,ba, t,,ol, ~ ~. d;s.s
sion All, t{,,, .ffa,, ar ~, <.,,,,,.S, ~ IN
vast ,,s.s,it, t, in,,i,.i,l,,.ls s,,.i,,,, ,b,t
in sn@h = e,,st,,,, ,,,e,s ,,. ,,,,1 -
,t,,..a,.., ,.,,,,,f,,i.a, ,;,o,,,, NJ, 80
,hn v.,st fortunes ne ',ba i,,,.ss..,t d,
baa ha1.n a,,,,,,,,,,,,.t.f ,,.i,,,i, thi.t
years y
"Is 1tb.ra .,nvtbiny ia ,.,,le, II ,,n,il.o
IL H., a,,,,1 '..,b.,t ,,f ,bas e.,
fn,t,,,,.as Ne s,,n,,sy fra,, h,,,drod
tho,lsand IN :, hi,r,,sa ,nil,inn -. -
,hn,,s.,rg ,ailtinn in t,,i,,, ,.as,.s ~ :,
in ire i,nds ~ mo 49,, ,,'ssss.a,. i'm
arotbe,s ,l,;,.,y or Gr,,. -, t,,,,
,i,aS n.illien n,,,, l,1,,,,,1. hu,arla
ho,s.,,, :, , gu
lion - ,,,a,,s,,,l ,,,,,,s,,', ,,,i1,;,,,i, '''l
tbas s,n,,tJ,in.l st,,, ~,
Nan NJ ttss,. snn,,.hails.a ,,,,,,,lt ~, >
s;.,ne mower and husiness .,hilitv an,l
ea,5itaj tI,at 80, .,,t,a, ~, ~
le,,m ro,ntrv Nv ana Nv cnn,rol an ,,,s,
co.,lo ,,o,, 4, ,,,t,I
M, ',,,.,,i,,., t,...,,9 ~, :, ny,
hl,v mn and hnla I'm ONE MANS ,as,,
,ba ,t,1,,lt,,ral ava ,,,.,;,,o ,,,3s. pf
new ana ,rre.,t st.,tos Nd No ,.na1 ,,i,as
and silyeT mines and ,.o,,na,. n,inasa
n,.
,,,,t "ass = oo'po'ase eo''.ro'
of Inc Standardization Of
Nv in5iiyi,,,ale No ala mat r,,a ~, s,eh
ny '',qnsa1 tn ,'e a'n "' ll,a y, seh
rnnnn IL, ..''..
wealth This vas t,,e bn sai,, I,a.
sa,,e. M ,,,+,,,.ai 49,, az, .,, ~,
800, ,;''.'.:iI.. .''n n'ss ,''i'' ms
sS.ft.e - alStilpu'ca uhuef the law.
While the corporation lives forever. it
never goes through the probate court =
he said "InIernatIop:il tr,ns,ctions
are kept seerot. II is NOT zealous for its
-, l, - - -. "''i''"' - no
own honor except so far as its honor
't iSluthli'h Is esselltial 10 Us ScltlhS
money. u has no soul and no con-
science. In general, the men Who are
most powerful in it's management. can
If they see fit avoid nersonal ,i,hilitv
for obIisations.a : y ''9''''' ''''D''''s
liie senator sala t'lat now the great
corporations are in good hands, but
| suppose some Napoleon of finance
| should come into the control of a tlcn,-
sand n,i,iion l,ll.,,,. ,,,,,,, ~. ~
nnssi,,ili,,, w., , ,,,|,; ~. .'i'i .
| l 20, ''e ~ rear puplic DANGER !.
hueh q power can make wars or it can
prevent wars. 1t can threaten COM
munity With n coal famine n wheat
famine and if con execute ~, thra.,te
'.is' a. - W. ~, e'ii w..
l'so'ie Souia meet sueh emergencies but
IL We're BETTER To folestall them.
Tho ct,;ef Euile
49,.
nv, ,, ,s"..' n.y. ~ 'ns l"es'lon OF
out what NE ,.o,,c,9,?sa 10 NO t,,'.i,. ,.,,iif
ayiIs .,s fnllnyvs.
D,..,,,l,;a, =, ,;,,
M, ,n,,9.,,.,,,n.,,, n, NV I,i.I ,,....,
by ;hseuteys in mo inier.s, of aj,,nnt,,.
| capital
3. Destruction of local public spirit
!. filudNicnt capitalization.
D ns'ieeN,
- ~ ioi '"e Piisa.e ptheh'
mo newer, Ia ,.orr,,n, ,.,notio,,e am, i,
some eases 10 rorrll,,t 1ho ro,1,Ne
9. Tho absence of personal liability for
,,,ortnain il, az, ..,a,i ,a,, r. r. , y,