The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-19

rivals have to pay, they can undersell
their rivals by that much in the mar
ket-namely, by price that much
lower. And in that way If the favorit-
ism in rate equals or approximates
the wholesale profit, they can destroy
their rivals and drive them out OF
business, and thus acquire IL monopoly
in themselves
Origin of NIonopoItcs.
THAT is how our monopolies-or
trusts. as we mildly and mistakenly
call them-wcre all created" declared
the Mayor. And then, after they had
existed for years. came hair splitting
lawsuits by the government to dissolve
them.
Let us remove the artificial cause
of their creation and growth and they
will disappear fast enough. The laws
OF commerce are as regular and re-
curing as the change of the seasons
or the rising and setting OF the sun.
Do not let a few business men destroy
their rivals by favoritism in freight
rates and rivals will come along and
outrival them fast enough. And If we
do not want trusts. why did we pass
and why do we not repeal the statutes
which enable such combinations of
corpora tons to be formed: namely, the
statutes which enable holding COM
panies to be forme' to hold the stock
of any number of corporations and
thus make them business unit or
monopoly.
81 listened with deepest interest to
the report of President Moore. He
said more than did some OF the speak
ers who stood with watches under
their hands. so as to see they did not
speak more than an hour and half
All Is said in his report. and l hope
that you will re-elect him tomorrow"
Given a Bouquet.
AT the conclusion of the Mayors re-
marks he was presented with bou-
quet of chrysanthemums by President
j. Harris Jones, of the Northside Board
of Trade of the Borough of the Bronx.
New York City. Mr., Jones said he
wished the Mayor to know that the
people OF his city hold him in the same
appreciation as when they elected him,
in spite OF uttcrances in some of the
New York papers. Receiving the How
ers. Mayor Gaynor said that II was SO
unusual for him to get bouquets. even
when he had done his best. that he
was much surprised, especially when
he had done so little in tins conven-
ton compared with others.
Calvin Tompkins. Dock Commission
or of New York City. spoke OF the in
fluencc OF the port of New York on
the commerce of the world. He said
that In his office he has led Mayor
Gaynor into positions which have
caused vituperative abuse. and yet sal
utary laws have been secured. Mr..
Tompkins applied himself to the prac-
teal side of waterways development,
and seemed such a man as thinks and
lives nothing but his work.
CitIes Grow Too Fast.
He sounded nm alarm against that
most popular OF all vulgar delusions-
the encouragement OF the growth of
population OF cities in advance OF their
organization ana in advance of the
proper conservation of the resources
for the benefit of the people,"
State and city help should be had,
urged Mr.. Tompkins, in promoting the
intracoastal plan. Its contamination,
he thought. will be too slow II the
national government Is depended upon
to do 1t all. States. in his opinion.
should provide the rights of way Last
of all. he hc,iev"a this great canal
should be paralleled by four OF.
track railroad, wh!rh he deemed neces-
sary to success. so MS to allow the
great cities which will be situated on
the waterway to have every facility
for tho handling OF commerce.
Mr.. Smalls remarks. quoted else
where. closed the afternoons session.