Albuquerque citizen., 1907-10-25
PUBLIC IN GENERAL
MIGHT BENEFIT
Prof. sGore Tells Big Audience
That Trusts Are Not Ali Evil
But Should Be Con-
trolled BY Proper
Laws.

session OF the National CIVIC FEEDER
alton was given over to five minute
talks by business men who discussed
various topics introduced by various
speakers during the last three days.
The resolutions introduced demand
that the railroads be permitted to
agree upon reasonable freight and
passenger rates subject to the ap-
proval and supervision of the inter-
state commerce commission. They
urge congress to pass legislation pro-
viding for non-partisan commits
sion in which the interests of capi-
tai, labor, and the general public
shall be represented, this commission
to consider the entire subject Of
business and industrial combinations
and report such proposals as to the
formation, capitalization, manage
ment and regulation of corporations
as shall preverse the individual in
itiative, competition, and exercise of
free contract in all business and in
dustrial relations.
Nothing Evil I'm Trusts.
In his address this morning be-
fore the federation, Prof j. H.
Gore, of the George Washington uni
versity. spoke in part as follows:
There is pothing Inherently evil
in trusts. A disregard of the obli-
cations to the community in the at
tempt to lessen, because of the great
t.on and at the same time put up
the price of the product through a
control of the market, Is responsible
for the illrepute into which some of
the combinations have fallen and
the suspicion under which the others
rest Remove the railroad corpora
tions into their integral concerns
and we find ourselves in the midst
of conditions that prevailed 80 years
ago. Prohibit cooperative indus
tries and we will see the farmer
journey from woodworker to black
smith shop and then to the painter
to have made a plow which he can
not buy with the time these journeys
would cost. Restrict production to
single lines and we would find in
scrap-heaps waste materials that
now meet the cost of production.
In the Past.
I'm our country's youth surplus
capital was not available for the ere
alton of great enterprises and for
eign money was slow to come so far
for investment in precarious indus
tries, so man associated himself with
man, Joined his small means to that
of others and in cooperation achiev-
ed results which,in older countries,
might have rewarded individual eff
forts. They were democratic organi-
cations suited to our democratic in
velopment, greater concentration OF
capital was needed TO make possible
more minute differentiation of
talent and a higher integration of
industrial energy. until now we have
a precision that means accurate re-
lation of supply TO demand: orga-
nized employers treating with orga-
nized labor insuring permanency in
production, and elaborated means of
distribution reaching the uttermost
parts of the earth and making the
world our market.
Experts Demanded.
"As productive methods become
more and more specialized, expert
management IS more and more de-
manded and the purchaser of the
smallest fraction of the output reaps
| the benefits of this superior skill.
| When the market is worldwide we
have the highest example of business
! buyers; we have the most conserva-
| tive management, for recklessness
would be fatal when months inter-
vene between orders and settlement;
we have the closest study of econo-
mics OF production, for loss of trade
has sharpened the wit of every COM
petitor; and we have through the
greater elasticity of foreign trade a
more sure response to every demand.
Capital Has Grown.
1 ne cdplldl mas grown from lne
dollar or two needed TO buy the cob
blers awl and hammer TO the mill
lions required to engage the worlds
| trade. These millions are giving us
| cheaper goods; they are widening
our knowledge and broadening our
sympathies; they are knitting peo-
pies together through common
wants; they are steadyng economic
conditions and deferring panics they
vouchsafe 10 labor remunerative em-
ployment; they take materials to
waiting factories, transmute them
| into acceptable forms and set them
down in every quarter OF the globe
whore lips have framed a hearts
desire.
I'm return for this, these millions
| deserve just returns, and as long as
they ask that alone, II will surely
come. And we, the beneficiaries of
all that results from this last stage
in the economic development Of our
country, ask a cessation of the ac-
| tivities OF those demagogues who,
seeking TO emulate others, ignorant
ly and evilly assail concentrated cap
ital In periods of popular prejudice
by grotesque legislation and hamper
its usefulness by uneconomic laws"