davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1904-01-01
ECONOMISTS HEARD
DISCUSSION OF TRUSTS

ton persists as a controlling force in
industry notwithstanding the consolida-
ton of competing companies into q
single organization presents itself I'M
der two forms, he says; first, that
competition between commodities Of
fered for sale tends to keep down
price, and second, that the substitu-
tion of latent for active. competition
may safely be relied upon. OF the
first phase of the argument. that a
high price of one commodity will
check its consumption in favor of others
and so necessitate a reduction in the
price of the first commodity, Prof
Adams observes that:
"Of the suggestions that, active COM
petition having been suppressed, the
public may still place reliance upon
PRUDENTIAL competition as a guarantee
of fair treatment on the part of the
monopolist, the abuse of power invit-
ing competition, he says:
II have no desire to deny that po-
tential competition exists, nor that it
is capable of eXerting a certain degree
OF influence upon the manner in which
a monopoly is administered. That,
however, is not the question. The point
at issue is whether the public is justi-
fed in placing sole reliance upon po-
tential competition, active competition
pearance of the activie independent
producer.
Talking up the third argument, Prof.
Adams continues:
"There is another class of writer's
who rest their apology for trusts upon
the claim that organization is a pro-
ductive principle. and that trusts,
which represents the application of this
principle to manufacture, are bona fide
producers. This means that the con-
solidation of competing industries is a
step in industrial betterment the same
in kind, and to We followed by the same
advantages, as the substitution Of
machinery for tools, or the introduction
of any method or process by which
for a given amount of labor a relative
ly larger amount Of wealth may be
produced. We of course cannot ac-
cept the fact that men have found 1t
advantageous TO consolidate competing
industries as proof that such CONSOLE
dations are productive, for such a con-
clusion oVerlooks the distinction that
exists between product and profit. y
Neither the paucity Of business tai
ent nor the adjustment Of railway
schedules to meet the requirements Of
social needs" he concluded, lis ade-
The Savannah morning news., 1904-01-01
WHITNEY'S SELECTION.
He Does Not Agree With Walter
Camp as to AII-Americn Team.

He Does Not Agree With Walter
Camp as to A1I-America Team.
MrCasper Whitney, the veteran foot
ball writer, in the current issue of the
Outing, gives the teams of the coun-
try the following rank. All teams that
have played so-called Ineligible players
are left off the list.
/. Princeton.
2. Dartmouth.
8. Yale.
4. Minnesota
5. Michigan.
6. Harvard.
Z. Carlisle.
8. West Point.
9. Columbia.
10. Pennsylvania.
IL. Lehigh.
u. Dickinson.
10. Pennsylvania State.
IA. Lafayette.
rs. Wisconsin.
16. Annapolis.
II. Haskell.
IS. Cornell.
10. Amherst.
20. Brown.
81. Wesleyan.
%. Kansas,
%. Exeter.
"a. Andover.
%. Northwestern.
26. Iowa.
q. Notre Dame.
%. Vanderbilt.
29. Missouri
30. Texas.
81. Colorado.
He picks the following team as his
All-America team
Ends, Rafferty, CYale) and Henry
Princeton).
Tackles, Shact (Minnesota) and
| Knowlton (Harvard).
Guards, Bloomer (Yale) and Dewitt
| (Princeton).
Center, Hooper (Dartmouth).
Quarter back Witham (Dartmouth) q.
Half backs, Heston (Michigan) and
| Kafer (Princeton).
Full back, Mitchell (Yale).
The Savannah morning news., 1904-01-01
FIRE AT DOUGLAS.
Relieved That One Was the Work of
an Incendiary.

Believed That One Was the Work of
an Incendiary.
Douglas, Ga, Dec. S1.-B. Paterson
again suffers by the incendfary's torch.
Sometime last night the dwelling house
on his John Carer farm, three miles
from the city, was entirely consumed
by fire. The house had been unoccu-
pied since Monday, showing evidently
to be the work of an incendiary. The
loss is about $500, with no insurance.
In addition, he has lost two of his best
mules this week, presumably by poison.
Evidently some secret enemy is hitting
him with a heavy hand.
To-day Simon Lott, a liveryman of
this city, ran over William Brantley
Terrell, the 4-year-old son of DR.. and
Mrs. w. w. Terrell, causing severe
cuts and bruises about the little fell
lows head, face and shoulders.
The little daughter OF Mr. and Mrs.
P. G.. Butts, reported in these dis
patches yesterday as being badly
burned, died after suffering eleven
hours of untold agony.
At 1880 o'clock this morning the resi-
dence owned by Michael Thomas, a
Greek, formerly of Savannah, and oc-
cupied by w. N. Cook and family, was
entirely destroyed by fire, together with
nearly all Mr.. Cooks household goods.
the loss is $500. The fire originated in
the stove room. Mrs. Cook had been
from home a month. Mr.. Cook, who is
carpenter, just made enough fire to
warm his coffee, and was away at his
work. Only by heroic work of the
bucket brigade was Mrs. Kings dwell
ing opposite saved.
The Savannah morning news., 1904-01-01
CASWELL'S MILL BURNS.
Fire on Cat Creek-News and Notes
from ValdOsta.

from ValdOsta.
Valdosta, Ga. Dec. 31.-News came
in from Cat creek this morning of the
destruction of L. M. Caswell's mill
and gin house by fire this morning at
an early hour. The building contain
ed a grist mill outfit. several gins, en-
gines, and other machinery. The mill
was running late yesterday afternoon,
and it is thought that the fire caught
from the boiler. The loss is about 49,,
500, with no insurance, the insurance
having lapsed about three weeks ago.
Coroner Solomon returned to the city
last night from Mineola, where he
went to hold an inquest over Lonnie
Melton, a negro woman, who died on
Dec. Is. Some of the woman's neigh
bors suspected her husband, Will Mel
ton, of numbering her, and he was
placed under arrest. The coroner
jury made a thorough investigation,
but could not find enough evidence to
justify them in holding Melton, so he
was released.
Mr.. Glenn Kerr. the treasurer of the
Harris Nickel Plate Shows. return
ed to the city this morning from Gin
cinnati. On Dec. 2S. he was married
to Miss Mary B. Steffen. of Xenia,
O., the ceremony being performed by
Rev. A. c. Terrell at the home of the
brides parents. The bride is a very
popular and attractive young woman,
while Mr.. Kerr Is known. and has
plenty of friends all over the country
Owing to the illness of the brides
mother, she remained in Ohio, but will
join her husband here about the mid
die of February.
The Savannah morning news., 1904-01-01
GOLF AT PINEHURST.


Pinehurst, N. c., Dec. 31.-Close
matches were features in the first
round of match play in the inagura-
ton tournament to-day, and a general
surprise developed in the defeat of
John F. Ward, a runner-up in last
years United North and South cham
pionship tournament, by E. A. Free
man, of the Montclair Golf, Club in
the first round of match play of the
first division, by a score of up and one
to play.
W. j. Jarvis, the amateur cham
pion, and John Moller, Jr, runner-up
in the Metropolitan championship, won
both their matches, but the afternoon
matches between Travis and E. A.
Freeman and Moller ana F. o. Horst
man, of the Chevy Chase Club of Wash
ington, were close contests 10 holes
being necessary for the latter.
The Savannah morning news., 1904-01-01
c,A1 TRAIN WILL LEAVE THIS
MORNING CARRYING MANY
RIOTERS.
WHITE AND BLUE
READY FOR THE FRAY.
. soUAD OF TWENTY MEN WILL
BE CARRIED ALONG FOR
EMERGENCIES.

xSonarer MicheIs Went Over Yester-
d,x to Make Arrangements for the
Canning of the Team-Savannah
eleven Will Breakfast at the
Union station This MOrning-FOOt-
hall Enthusiasts over the Entire
south AnxiOusIy Await the Result
of the Game.
over 200 SaVannahians will leave this
morning over the Atlantic Coast Line
on the special train of the Savannah
Athletic Association for Charleston to
witness the annual game of football
between Charleston and Savannah. The
train of four passenger coaches, with
two special cars for ladies, will leave
the Union Station at o'clock, city
time.
Never before in the history of the
sport has so much enthusiasm been
worked up over a game. The people
not alone of the two cities, but of the
entire South, are watching the game,
and evincing much interest in the out
come.
The Savannah sports have rolls of
the long green which would exert a
circus dog to jump over which they
wish to back their opinion of the Sa-
yannah team with. Rumor has it
that there was a run on the banks
"over home" yesterday by anxious de-
positors-not anxious because of the
financial condition of the particular
institution in which was deposited their
rhino dino, but anxious to cover the
long green which the Savannah root
ers will f1aunt in the hotel Hobbies
and on the side lines.
Twenty members of the Savannah
squad will make the trip. These are
Cope, Futch, Black. ROssiter, Smith.
Hicks, F. McIntire, Landsburgh, Sulli-
van, Harmon and Mcneil, who COM
pose the regular team, and Mitchell,
Colquitt, Savarase, ]. McIntire, Cub
hedge, Simon, Goette, Levy and Mon
sees.
The line up, which has already been
given in the Morning News, will be
the same as that against the Georgia
team. The regular team will be kept
in the game until some of its mem
bers are incapacitated from putting up
their best game.
The team will sit down to breakfast
together at z o'clock. AS the mer
are not allowed to eat more
than a crust for dinner, it is very i'm
portant that all of them have a sub
stantial breakfast. Capt. Cope has
asked that every member of the team
be on hand promptly at the appointed
hour. The train will leave the Union
Station on the hour, and those who DO
not put in their appearance will miss
seeing the game. The trip will be
The Savannah morning news., 1904-01-01

New Orleans. Dec. 31.-At the third
days session of the American Econo-
mic Association, the trust problem was
treated in an elaborate paper by Prof.
Henry c. Adams. of the University Of
Michigan.
Prof. Adams in his paper on Trusts
declared that the trust is not so much
an evil to be remedies as the symp-
Ion of disorganized industry, and
that whatever else may properly be
included in a programme of reform,
attention must be paid to our sys-
TENS of education, transportation, and
labor organization. He said in part:
"A trust may be defined as an in
dustry which. on account of its size
or of it's form of organization, exer-
clses dominating influence on the
production or the sale of the goods in
which it deals. This definition renders
TWO important services. In the first
place. it draws a clear line between
great industry, and a trust organ
zation of a great industry; in the
second place, it provides a test for de-
teimining what Industries have attain
ca the trust organization.
!. -Four lines of argument are bound
Al current discussions, designed to rec
ohclle us with the existence of exclu-
elFe industries. The first is that trusts
are the result of natural law, and are,
tueretore healthful industrial evolu
tIoh; the second, that the economic law
oI competition persists, no matter what
me form of industrial organization;
ohlrd, that trusts are productive, and
should receive our approval for the
same reason that we grant approval
labor-saving machine, and,
fourth. that common law principles
aIready provide adequate remedy for
contract"
laking UP the first argument.
rsalnst interference that trusts are the
st sult OF natural law, and normal
sep IN Industrial evolution, Prof. Ad-
sa ,ls declares that it overlooks the es-
Illal point that with every previous
n,5tp. IN the modification of the business
pr NJ IL has been found necessary to
drsiI,loe new legal conditions for the
Ths'on and control OF industry.
second argument, that COMPETE
The Savannah morning news., 1904-01-01
TURPENTINE LOCATIONS.

~~~~-~~~~~~~~~~~~~-~~~-~
FOR SALE, DESIRABLE TUR-
pentine and mercantile location. First
class old turpentine place, we'll equip
ped, convenient to transportation; low
freight rates and plenty of labor.
Healthy place and plenty of timber
for good many years. lot of new
boxes already cut this season. First
glass store and stock of goods and
good trade established; LAG acres of
good farming and timber land on
which above property is located. VIII
sell cheap as we have another place
which demands more attention. This
offer remains open only a few days.
Write or come at once if interested.
w. ]. Walker e. Co., Boyd, Ga.
The Savannah morning news., 1904-01-01
EMPLOYMENT WANTED.


TRAVELLING MAN, EXPERIENCE
ed, and acquainted with retail trade
of South Carolina, Georgia. Florida
and North Carolina: desires change;
will give trial; can furnish best refer
ence. Answer, IN" care News.
PRACTICAL MANUFACTURER,
first class salesman, buyer and corre-
spondent and thorough lumberman,
generally, is open for engagement;
highest references. W.. Morning News.
COMPETENT BUSINESS MAN,
having spare hours during the day,
wants bookkeeping and collecting,
either or both; can give satisfactory
service and best references. Address
Bookkeeper. Box 49, this office.
GENERAL OFFICE MAN, UNDER
stands stenography, shipping, railway
Office work. wants position. Address
Alpha. this office.
The Savannah morning news., 1904-01-01
FOR Observation-Disclosures.


FOR SALE, LAMBERT TIMBER
skidder, in first-class condition: has
one loading and two pulling drums:
with all machinery, wire cables guy
lines tongs etc. Mill-Haven Co.
FOR SALE, CHEAP, LOT AS
sorted pine scantling and rough
boards; also cypress shingles. Vale
Royal Mills, Savannah. Ga.
FOR SALE, GROCERY AND BAR;
good stand; good reason for selling. Ap-
ply 419 Jefferson street.
FOR SALE. WELL EQUIPPED
planning mill; can dress timbers up to
16x30 inches; machinery in first-class
condition; sickness reason for selling
Address, Roberts Lumber Co., Jack
'sonville, Fla.
FOR SALE. 80, 50 AND 6O-POUND
steel relaying rails, locomotive tires.
carbolineum, creosote oil, shafting and
pulleys, track fastenings spot cash
paid for scrap iron. +. W. storer &
Co., serap Hon dealers. Lamar wharf.
The Savannah morning news., 1904-01-01

The entries will be as published in the
Morning News yesterday.
Manager Hull has received the as
surances of Manager Kidder of the
Savannah Electric Railway that a
convenient schedule will be put on for
all of those who desire to attend the
races, and those who desire to go out
and see the ponies run and trot will
have to experience no delay in getting
to and from the track.
The Savannah morning news., 1904-01-01

HELP wANTED-FEMALE.

WANTED, COMPETENT WOMAN
to cook and do house work, at 41O
Abercorn street.
WANTED, A FIRST-C CLASS COLOR
ed servant; good pay to right party.
Apply 11S East Duffy street.
WANTED, LADY sTENOGRAPH
err who can play piano also; lady who
is beginner in stenography and is good
penman. Youmans e. Leete, 1856 West
Broad street.
WHITE GIRL, TO ATTEND OLD
lady and assist in household; good
home and good salary to right party.
Call, between IL and 2, 1856 Ogletnorpe
east; top fiat.
The Savannah morning news., 1904-01-01
WERE ANXIOUS TO SELL.
Liquidation Kept the Cotton Market
Down Again.

New York, Dec. S1.-The recent heavy
Liquidation was continued in the cot
ton market to-day, with trading ac-
tive. First prices were 1902 points
lower with August showing the great
est decline, while the active months
were 1926 points lower. March sold
at 1901 cents and May and July at
1906 cents. The market rallied slight
ly after the opening. but continued ir-
regular with prices showing little
actual tendency.
The better tone noted soon after the
opening became more pronounced
later in the session, and prices were
net soils points higher, with March
selling at 1882 cents, May 1S.46 cents
and July 1S.47 cents. Following this
the market continued irregular but
less active. The closing, however, was
at about the best of the day. and
steady at a decline of point to an adj
vance OF 10 points. Sales were estimst-
ed at 100000 bales.
The Savannah morning news., 1904-01-01
New Officers Elected.

New Orleans, Dec. 31.-With a final
Joint session to discuss the relation of
sociology to history and economics, the
American Historical and American
Economic Associations concluded their
annual conventions here tonight. Both
elected officers. The historians de-
voted their final sessions to American
history, and elected the following Of
ficers.
President, Prof. Goodwin Smith, Of
Toronto: first vice president, John
Bacon McMaster, Pennsylvania; second
vice president, Simeon E. Baldwin, of
Connecticut; secretary, A. Howard
Clark; corresponding secretary, Charles
H. Haskins; treasurer, Clarence w.
Bowen.
New members of the Executive Coun-
Gill; Prof. Edward G. Bourne, of Con-
necticut, and Prof. Andrew c. Nc
Laughlin, of Michigan.
The Savannah morning news., 1904-01-01
cTRIIGGLE BETWEEN CHARLESTON
AND SAVANNAH TAKES PLACE TO-DAY

made in three hours, and those who
go VIII have All opportunity of seeing
Charleston before the game.
The rooters have composed a bunch
of parodies. which they Will practice
on the trip over, and with which they
expect to terrorize the cohorts of the
cover homes"
The Savannah morning news., 1904-01-01
FOUGHT THEIR FIGHT
WITH BOX AXES.

Aucilla, Fla, Dec. Slim Butler
and will Green, convicts. who are
working in the turpentine camp at
this place, and who had beez. taken in
to the woods to cut boxes this morn
ing. became involved in an alterca-
ton. which they settled by fighting
with box axes. Green was killed and
Butler was wounded. Butler is I'M
der arrest.
The Savannah morning news., 1904-01-01
MILLINERY.

MILLINERY. = OUR DECEMBER
sale of trimmed hats on now. We can
save you soc on every dollar purchase.
SIS hats $3.50; $12 mats Sc; $40 hats So
soc off on untrimmed hats. Baby caps
at half what others ask. Hemstitched
wells at ACC. Feathers cleaned, dyed
and curled. We will give away a fine
upright piano on Jan. 81. You get
a ticket with every cash soc purchase.
Kenner Britton. ZIG Broughton
street, west.
The Savannah morning news., 1904-01-01
ron sALE-sIA CHINERY.

MISCELLANEOUS LOT OF SAW
mill material; pulleys. shafting boxes,
mandrels, saw guides secondhand in
good condition. Lumbermen Supply
and Equipment Company Savannah.
ONE 7A@10 ATLAS CENTER
crank engine; twenty horsepower;
$3.50. I4umbermen Supply and Equip
ment Company, Savannah.
ONE FILLER AND STOWELL COM
bination bolter and stove machine, 5000.
Lumbermen Supply and Equipment
Company, Savannah.
The Savannah morning news., 1904-01-01
MATINEE RACES AT THE SAVANNAH
TRACK THIS AFTERNOON
Good Mixed Card Has Been Arranged for New
Years Amusement Seekers

The principal amusement offered for
idlers on New Years Day will be the
matinee races which will be run at
the race track this afternoon.
The card to-day will be made up Of
mixed events, two running and two
trotting races. The trotting races will
be contested in heats, the best two out
OF three being declared the winner.
The Savannah morning news., 1904-01-01
"WETSY WON A VICTORY.

women ana children Could Not
Carry Roanoke Their Way.
Roanoke, Va, Dec. 31,--In an election
here to-day on the questions of 'Ii-
cense," and no license" for the sa-
looms of this city, the license" ticket
was victorious, the total majority be-
ing 9S2. The ''wets" carried every
ward in the city.
Several hundred women and children.
headed by drum and fife band, march
ed through the streets all day, carry
ing large banners bearing texts advo-
eating the cause of "no license"
The Savannah morning news., 1904-01-01

quate FULLY to explain the tendency to-
ward monopoly among manufacturers.
Mention must be made of the third
cause equally potent and infinitely
more d1fhcult of adjustment, labor or
ganlzalons. The question as to
whether trades unions can raise wages
is a familiar one to economists, but
one feature involved in this contro-
Yersy seems to have been overlooked,
namely, that every step in the rise of
wages, traceable to the demand of
workmen for higher pay, results in the
disappearance of those employers who,
under the old rate of pay We're just
able to maintain a profitable existence.
Expressed in a sentence, this mean that
every successful strike sets in motion
those forces which result in the con-
centration of industry. Trades unions
may raise wages, but they do so at
the expense of the small employer. If
this be true, it is evident that the
solution Of the trust problem, or per-
haps it would be better to say the adj
iustment of industrial forces and con-
ditions by which the principle of COM
mercial competition will be placed
again in the seat of control, cannot be
attained without a final determination
of the relative rights and duties of en-
ployers and employees, and an organi-
cation, partly political, partly indus
trial. by which these rights and duties
may be expressed and through which
they may be realized"
The following officers were elected:
President, Frank w. Taussig, of Harv-
ard; first vice president, Irving Fisher
of Yale; second vice president, John
H. Cary, of Northwestern University;
third vice president, DR.. John Graham
Books of Cambridge, Mass; secre-
tary and treasurer, Frank A. Fetter
of Cornell.
The Savannah morning news., 1904-01-01
BOARDING.
sTRAYED.

~~~-~~~~~-~-~~~-~~~~>-~@
BURROUGHS, GA, DEC. %, 1909
Notice to the Public: 1 have at South
field Plantation of Mr. p. T. Haskell
one white mare horse, one dark white
mare, with three white feet, white star
streak round nose; one black mare mule
with spot on the back. Please call to
Southfield Plantation. I have them in
the stable for safekeeping. Lewis
Reglar, foreman for Mr.. p. T. Haskell.
Witnessed by j. C. .Legree, Mayor.
Call at once.
The Savannah morning news., 1904-01-01
ron RENT MISCELLANEOUS.

FOR RENT. FARMING LAND,
within short distance of the city on
paved road and electric car line. Very
favorable arrangements can be made.
Apply l.. Mohr &c Sons, 234 Broughton
street, west.
FOR RENT, ONE OR TWO NICE
halls, fit for society meetings; rent
very cheap. M. j. Doyle.
The Savannah morning news., 1904-01-01

DO you believe in Santa Claus,
Tommie?" wait till see wot he
brings me."-Cincinnati Commercial
Tribune.
The Savannah morning news., 1904-01-01
LOST AND FOUND.

~-~-~~~~~-~-~-~---~--~~
LOST, ON WEST BROAD OR
Liberty street last night, pocketbook,
with letters and papers of no value
to finder. Reward for return to c. w.
3, this ofnce1n .tne sai 81
LOST, BABY CARTHAGE PILLOW,
blue lined Reward IF returned to 314
State street. east. 1ea y9ni
The Savannah morning news., 1904-01-01
PROFESSIONAL.

~~-~-~~~~~-~~~-~-~---~-~
]. DE BRUYN KOPS, ARCHITECT
and Civil Engineer. Is Board Of Trade
building. Georgia Phone 1850.
The Savannah morning news., 1904-01-01
MEDICAL.
HELP wANTED-MALE.

~-~~~~~>~-~~~~~-~-~-~-~~~
WANTED, A MAN THAT CAN
milk. Apply at Sunny Side Farm, two
miles west on Bay street extension.
MED, STEM OGRAPIIER,
male stenographer and office clerk.
Prefer young man, willing to start at
low salary. One having had experience
in either merchandise brokerage or
drug business; must be rapid; efficient,
and furnish good refences. Addr sss
Postoffice Box 566, Tampa Fla.
WANTED, 25 WOOD CUTTERS,
man cook, 20 men, steady work, S1.25
per day; cooks, housegrls, men and
women to register for work at once
Wandells, 1853 West Broad.
WANTED, PARTNER WITH TWO
or three thousand to go into the wag-
on and buggy business. Address The
Florida Carriage Works, Live Oak,
Fla.
WANTED, A LIVE, HUSTLING
plumber, good lead worker; no loafer
or boozer wanted; a steady job to the
right man; non-union preferred; no
strike or trouble; state age, expert
ence, wages wanted and where last
employed; first letter Box IS, Jack
sonville. Fla.
The Savannah morning news., 1904-01-01
EMpLoYMENT WANTED.

e--~~-~-~~~->-~-~-~~--~--
COMPETENT SAW FILLER AND
position in large circular sawmill. Filler,
Register' Ga.
EXPERIENCED BOOKKEEPER
and accountant desires to change posi-
ton; will give trial to prove ability
and can furnish best city references;
married sober, ambitious. Answer, B,
care of News