Evening journal., 1911-08-30
UNREST In
The NATION
Burning Question Is Control
Of Corporations, Says Bar
AsSOCiatlsn's President
REMEDY LIES In HANDS
OF THE WHOLE PEOPLE

D9 A 10 OnAtCu Ateos
BOSTON. Aug. 3O--In the most SEN
sational address in the history Of the
Conservative American Bar Associa-
tion, its president, Hon. Edgar H.
Farrar, Of Louisiana, yesterday fiayed
the trusts and the laws under which
they are organized. The big financial
interests Of the country, especially
the money kings OF New York. were
denounced in bitter terms as law
breakers and law evaders, who plan
TO control the liquid finances Of the
nation in a gigantic money trust. The
coming conference of the State Gov
ernors in New Jersey was urged to
advise a plan to save the country
from the interests.
Attorney General Wickersham was
assailed for the suggestion that the
government should fix prices Of COM
moditles which was characterized as
"monopolist and socialist reaching a
common ground" and such a plan,
Farrar said. would "shatter Americas
FREQ democracy"
That the so-called money trust is
an Immediate monaco was also insist
ed on by Farrar, who said
"A money trust controlling the
| LIQUID capitalize life blood Of the
commerce of the nation, is doubtless
the dream of the dominant financial
magnates. If such a calamity does
befall us, there will surely rise up
another Andrew Jackson, with ths
power and good will of the people be-
hind him who will throttle this per
version of the financial laws"
AS a remedy and deterrant," BarraT
suggested that Congress limit the
capital OF national banks, prohibit
consolidation and prohibit coupling of
stock Of directors.
"The burning question that now
agitates the mind of the American
people is how TO control the corpor-
ations; how to break up these great
aggregations which seem TO be almost
as powerful as the government itself
and how to prevent their formation
in the future" declared Edgar n
Farrar, of Louisiana, president Of the
American Bar Association, in his ad-
dress at the annual meeting of that
4 organization here today.
He declared that the agitation for
the recall of the judges as shown III
the Arizona Constitution and vetoed
\ by the President, twas only one Of
the symptoms of the political, social
and economic unrest which now per-
vades the whole nation
Points in the Address.
! The principal points of Mr.. Farrar's
: address we're as follows;
The people themselves have created
the Frankensteins now spreading
( terror and threatening degtruction.
{ Greed for revenue resulted in un
restricted corporation laws.
Most large corporations are public
enemies.
The great American national dis
D grace is the issuance of fictitious ant
watered stock.
II is of no avail TO break up tn
Standard Oil and Tobacco companle
p when the same interests control.
The House of Governors shoul'
frame a general state agreement &
abolish the criminal trusts.
Congress and the states have tn
supreme power to define crimins
trusts and force them to dissolve.
Government cannot fiX prices 70
O melchduulres hOh VI 'ho RA~eeo'
human labor.
Establishment Of a money trus
among the National banks can onl
: be prevented by federal power.
. The National City Company is
: subterfuge designed to circumvent ia
), law.
. A money trust controlling the liqui
Y capital of the nation is the dream
4 dominant financial magnates.
II Scope Of federal business corpol
n alton, suggested by the New Nationa
Il ism would be extremely narrow.
i The remedy for the corporation d.
Is bauch lies in the hands Of the who
people OF the country.