New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-08-04
Parker on TRUSTS.
Yie7cs He Expressed at kingston
Subject for Careful Consideration.


Kingston. \. Y. Aug. 3.-The copy of an ad-
dress delivered hy chief Judge Parker deal
ing with the problem of the development of the
trusts, to-day came 10 light This speech was
delivered in this city at a banquet of the local
Board of Trade, and is remarkable not merely
because il is believed 10 be the sole expression
Of the opinion of the Democratic Presidential
nominee on this subject on record, but also
because of the unusual views it sets forth.
After talking on local subjects Judge Parker
IN this address plunged into the discussion OF
trusts. prophesied that within brief time the
steel business OF the country would be under
one head like the oil business, declared that
nothing could stay the growth of trL7ts and
then referred to the ideas expressed by Ed
ward Bellamy in his novel Looking Backward"
Without drawing any final conclusion, the can
didate dwelt at the close Of his address on the
growth OF the idea Of the ownership by munich
patty and State OF industries, and referred d.
rectly 10 the Belmont tunnel, then just author
lied
The portion Of his address referring to trusts,
as reported at the time, was as follows:
w Within the next few years there will arise cues
ence OF opinion IN the commereiai world whether
it IS wise to have great combinations Of capital in
the control OF business.
some see IN them great menace Others are Of
the opinion that they but the natural order Of
ceye-opuent- and thac no great harm will be done.
successfully when they get prices down such
T 6o 200 s55 e08as42n F Is De tho 5oF te u
business. but Il settled in England that what
its people was Illegal. The common law there be-
came the common law here
IN al article by laboring man which read the
other day was struck by The ideas advanced
That man reasons that IN spite OF all the people
can DO when you set IN motion a principle II VIII
II buSs ess thu fact that people ara In the same
WoIH c@1ss1 GoLnpetlt-on A partnership TOOK ne
Pee OF tle movie Ia Later Sun more cilL44
was needed 70 reach a higher plane and the cor
cation OF the work OF the individuals After time
TO still higher state Of perfection, still
there came into existence a pa-re-siD Of corpora
lions known as trusts and now We cannot stop il
ESghr or ten years ago a man Who undertook 10
support position that the government could do
could be done under head would have been
laughed OUT Of the business world. L was thought
idle 10 talk OF the possibilities of the future
Edward Bella11y talked OF the government con-
ward where every man shared the work Of the
government OF which he was a distinct part
business could he conducted by one person ri less
cost Per. gallon than when there was competition
demonstrated that the steel business can be carried
under one management This business must De
cersed Or else other Combinations OF capital viii
be- formed and when some party arises which VIII
s---r,- ~ ~<-ra --7 49, 80 ,-,1ro--,1-,+- ~
- b f,,5- n. Is,v-o,,, r. ,-sa-e 20 r. ras -l,-
-ts.-f.-- ,5a - ,,r+ ~ -r4bit, c,,-ff-{,-- a~.
They VIII - for an ~ ms questions % interest
not only 70 7ur-elv. hut 90 Dur descendants. and
when The time comes The ru be they VIII
ways for the greater good or TIE greatest number
{ IN ClTNs county ana STATE