IO CONSIDER TRUSTSI
The Coming Conference In
Chicago Will Be Large.
OPINION OF EX-SECRETARI MORTON.
Combinatfons Are Subject to the
Same Laws as Individuals—There
Need Be No Apprehension as to
Destruction of Competition.
CHICAGO. June 26. ——Sec1etary Eas-
lcy of the Civic fedeiation of Chicago,
unde1 whose auspices a conference will}
be held in Chicago Sept. 13 to 16 to con-
sider trusts and combinations and legis-
lation for their control, has received hun-
dreds of letters from prominent men all
over the country accepting invitations to
be present at the meeting. Among tnose
who have signified their intention of at-
tending the conference in person or who
will be represented are. Governors Pin-
gree of Michigan, Roosevelt of New
York, Stanley of Kansas, Sayres of Tex-
as, Mount of Indiana. Fancher of North
Dakota, Thomas of Colorado, Tanner of
Illinois, McLaurin of Mississippi, Mc-
Millin of Tennessee, Poynter of Nebras
ka and Lee of South Dakota; John B.
Clark. ,professor of political economy,
Columbia university, New York; J. B.
Jenks, professor of political economy.
Cornell, and an expert in trusts and
combinations for industrial commission;
P. E. Dowe, president of the Commercial
Travele1s’ National league; Francis B.
Thu1be1, president of the National Ex-
porters’ association, and many others. '
In acknowledging the receipt of an in-
vitation to attend ex-Secretary of Agri-
culture J. Sterling Morton of Nebraska
says:
“Trusts which are overcapitalized are
born of the machinations of shallow and
impractical men. They will fail and no
one be hauned except those whose credu-
lity led them to invest in thei1 secu1ities.
“Theie is much misapprehension as to
1nc01po1ated capital in the United States.
Oiatmical vaga1ists have endeav o1ed to
make cenimon people believe that inco1-
p01ations me not subject to economic
laws of competition and that the relation
of supply to demand is not the sole regu-
lator of values. The fact, however, re-
mains that money invested in manufac-
tories or in railroads belonging to incor-
porations is no stronger, no better and
no more exempt from the operation of
commercial laws than the money which
is owned by individuals. There need be,
in my judgment, no apprehension as to
the trusts crushing out all competition.
“W'ith the exception of the oil trust
and the sugar trust, failure among trusts
has been universal. The whisky trust,
the tobacco trust and all the other trusts
of any importance 11p to date, except
those that have been formed very re-
cently, have been complete failures. These
failures have come. firstly, from overcapi—
talization; and. secondly, from misman-
agement. Intelligent competition can e11-
ter the field against any trust on earth
except one which has .1 annual monopo-
ly (by this I mean one 11lnch, like the
Standard Oil compa111, o11ns the only oil
producing lands in the country) and suc-
gessfully ppt its, pipductshupgn thegmar;
fit with Elie s'y'nfiih‘fh—y of the consumer
all on its side. By this I mean that out-
side of tlusts copartnerships and stock
companies may be fmmed with capital,
energy and ability to successfully take
the market against any 1.11d all trust,
pmducts except. those which are the r'e~
sult of a natul al monopoly.
"What can be accomplished by legisla-
tion or regulatory laws I cannot see, nor
do I look to such enactments for a reme-
dy of any evils that may g1ow out of
trusts. Of cou1se, it is fashionable, it is
“epidemic to denounce all large ag grega-
tions of capital as ‘.’trusts This mania
will at last exhaust itself and the country
will find that those who have been dam-
aged by trusts were those who bought
their securities for more than they were
worth. ”
Hundreds of other letters have been
received, the Writers in’ nearly every case
expressing sympathy with the purposes
of the conference. “
The New French Ministry.
PARIS, June 26. -At the cabinet coun-
cil yesterday M. Loubet, the president
signed orders making the following
changes: M. Bertrand, procurator general
to the appeal court, and M. Feuilloley,
public prosecutm, are both removed; M.
Bulot, advocate general, Is appointed
public proSecutor; M. Lombard, whose
dismissal on account of the Deroulede
'trial has been much criticised as unjust,
is appointed advocate general. The
plemier, M. Waldeck- Rousseau, read a
draft of his speech in parliament, which
will be very brief, merely announcing
that the new ministry has no aim but to
follow out the order of the day voted on
June 12. on the motion of M. Joseph
Ruau, Democratic Radical, rep1esenting
the Second district of St. Gaudens, Which
was as follows. “The chamber is dete1-
mined to support only a government re-
solved to defend vigorously republican‘in-
stitutions and to secure public order and
passed to the order of the day.”
Mayor Jones W'illing.
CHICAGO. June 26.—A special to The
Times-Herald from Cél-umbus. 0., says:
“In a letter to :1 Columbus friend Mayor
S. M. Jones of Toledo announces himself
icady to stand as a candidate of an inde-
pendent movement for goveinor and
adds: ‘I have nothing to concede, and I
am more than eve1 convinced that the
day of political pa1ties is passing. Par-
ties and party machines will find them-
selves out ofa rAjob, so to speak. They
a1e expensive and f1ightful buxdens on
the body politic. Thev am a positive
menace to liberty and stand directly
athwart the path of progress.”
Transfer of Troops.
\VASHINGTON, June 27 ."-—O1de1s
have been issued at the war department
for the sending of one troop of the Sixth
cavalry at Fort Riley, Kan, to Boise
Barracks. Ida.. and another troop of the
same regiment from Fort Riley to Fort
lValla “'1111a. ll'ash. These troops take
the place of those transferred to duty in
the Phili )pines.
Sailing Delayed.
"ASHINGTON, June 27. —The sail-
ing of. the ti Hispoit Valencia from San
1 mini 101 Manila 11111 be delayed
some days to await the a11i1al of 1c-
cruits f01 the Tw enty- -fou1th infantry
which will sail on her for the Philippines.
J
THE SHAMROCK. LAUNCHED.
In? Thoma- Lipton’b Cup Challenge:
Takes to the Water at Millwan.
LONDON, J unc 27..—The launchingot
Sir Thomas Lipton’s cup challenger
Shamrock yesterday afternoon was at-
tended by an accident.
As the Shamrock reached midstream
from the slips a barge came in collision
with her, striking the yacht’s bow above
the water line and making a big dent.
There was a great cry when the Sham—
rock struck, especially from several mem-
bers of the Lipton party who witnessed
the launch .from the river. But it was
soon ascertained that the damage done
was slight, and as the tug towed- the
yacht toward the southwest India dock
hundreds of whistles and horns made a
tremendous din.
The ceremony of launching occurred at
Millwall at 3 o'clock.
Lady Russell christened the yacht
with the customary bottle of champagne,
saying: “I christen you Shamrock. God
bless you. Good luck to you. May you
bring back the cup."
Three cheers were then given, and on a
signal from Lad‘y Russell the boat and
the c1 adle glided safely into the water.
After the ceremony the guests repaired
to the marquee, which was tastefully
lined with emerald green 'and decorated
with flowers, the Ulster Yacht club flags
and the new gold and green Shamrock
racing flag. Light refreshments were
served.
GREAT BRITAIN‘S ARMY.
Grand Review by the Queen of 18,000
Men at Aldershot.
LONDON, June 27.——The queen, the
Duke of Cambridge, the Prince of \Vales,
the Duke of York, Grand Duke Michael
of Russia, the Duke of Connaught, Gener-
al Lord \Volseley, commander in chief of
the army; Colonel Samuel S. Sumner, U.
S. A., military
States embassy at London, and many
princes and princesses were present on
the famous plains of Aldershot yesterday
to witness a review of over 18,000 of the
best troops in the kingdom.
This review is interpreted in London as
a means of satisfying Queen Victoria
that her troops are ready for any emer-
gency they may be called upon to meet,
in the Transvaal or elsewhere. It is
known now that the queen returned from
‘ Balmoral castle, Scotland, mostly for the
purpose of attending this review, and, in
view of the fact of her majesty’s natu-
ral reluctance to attend such functions,
the importance of this review is mani-
fest.
Bicyclist Injured.
AI'BURN. N. Y., June 27.-——James
Ibbs. aged 23 years. residing with his
paients in this city. while riding a bicycle
at the race track last night collided with
a horse and received injuries which may
prove fatal. lbbs. who was training, was
being paced by a tandem and’was going
at a fast clip. with his head bent over the
handle bars. when the horse came on the
track and was crossing in front of him.
Ibbs struck the horse with his head and
was thrown to the ground. He was pick-
ed 11p in an unconscious condition and re-
moved to the City hospital and an exami-
nation 111ade. His head was driven into
his chest and the lung punctured by one
of. the bones.
attache of the United».
WEEKLY NORWALK
I
i
‘yFrench Consulate 'Burned In China.
.OOLUMBIA m1 commssmn.
111-. new: Taken rouse-stun or am
New Cup-Detender.
BRISTOL, R I.,. June 27'.—The Co-
tumbia, the new cup defender, was form -
ally turned over to C. O. Iselin, her man-
aging owner, yesterday afternoon. Mr
Iselin went ashore from the tender St.
Michaels after lunch and saw John 'B
Herreshoff, the president of the boat
budding firm, in the firm-"s office, where
he made his last: payment to. the Her;
reshofis on the sloop. Mr. Herreshofl
turned over, to him the usual papers, and
then Mr. Iselin put out to the Columbia
and there, in the presence of his. friends,
Herbert G. Leeds. and Captain Wood-
bury Kane, Captain Barr and the crew,
Mr. Iselin’s private colors. the red and
black swallowtail, were- hoisted to the
topmast head, and: the Columbia was
then in commission- It was a ceremony
simple but impressive. Speaking of her
future movements, Mr. Iselin said:
“The Columbia left at. 5 o’clock fox
Newport, probably- being towed part of
the way down. by the St. Michaels, and
today will go out for her first trial in
deep water. On Friday the Columbia
will be taken to New Rochelle, N. Y.,
after which her movemerts are subject tc’
the wishes of the New York Yacht club.
She will enter the race against the De.
fender which will be sailed elf Sandy
Hook July 3 instead of July 1.
“The boat is finished both inside and
out. During the trial her bowsprit start-
ed in a few inches, and the boat was
brought back to Newport for the neces-
sary repairs. This work was done yes-
terday morning, and the boat now is.
ready for her trying out.”
Germans rind'Ch'in’ese ’Clash.
LONDON, June 27. —The Daily Mail
publishes a dispatch flOlIl Shanghai say-
ing that the German t1oops who were
sent to punish the Chinese for a recent at-
tack on the 1ai11vay near Kiaochau met
with a1med 1esistance nea1 Tituni. A
fight ensued, and the Chinese lost ten
men. The Germans captured Tituni and
then advanced on Kaumai, which surren-
dered without fighting.
LONDON, June 27.—Thc Hongkong
correspondent of The Daily Mail tele-
graphs as follows: “Antiforeign disturb-
auces have just occurred in Meng-Tzu.
province of Yunnan, where the resi—
dences of the customs staff and the
F 1ench consulate have been b111ncd by an-
armed mob. The feieigneis effected thei1
escape.
An Ohio Railroad Sold.
TOLEDO, June 27.—The final action
was taken yesterday’by the stockholders
of the “’heeling and Lake Erie railroad
in the purchase of the Cleveland, Canton
and Southern. Over 80 per cent of the
stock was represented. The work of the '
directors was ratified without opposition.
Comptroller Dawes Returns.
WASHINGTON, June 27. — Mr.
Dawes, the comptroller of the currency,
has returned to the city after a month’s
trip to the northwest.
The President’s Return.
ADAMS. Mass. June LEE—President '
McKinley and party left for lVashington I
shortlv before 8 o’clock last night.
.._--__.__ ‘
I elections, and the fronts of the churches
GAZE1"*:» ..
DES'I'R‘UCTIVE FIRE
Michigan Gentrur Freighthonse and
other Property Burned at Toledh.‘
TOLEDO, June 27. —Fire yesterday
entirely destroyed the Michigan Central
freighthouse, partially destroyed the Oin‘ I
cinnati, Hamilton and Dayton freight-
house and burned 100 loaded cars, the ag-
gregate loss amounting to over $300,
a veiy small. part of which is covered by
insurance.
The blaze started near the office of the
Michigan Central, and it spread? quickly
to eve1y part of the freight building, en- .
veloping the place in a mass of flames
before the fire department could be ;
reached. A heavy wind swept the burn- ;
ing embers across the canal, and by the ,
time the fire apparatus 1eached the scene 9
a solid wall of flame was rrising on each
side of the water.
After it was evident that the house
would be destroyed a hundred men be-i
gan to get the loaded freight cars out of _
the way, but the heat was so intense that
it was perilous work. More than 100 cars
were saved, but as, many more, filled with
every kind of goods, were burned. The
freight was nearly all coming to this city-
The steamer Valentia, which was at
port waiting to be loaded; was saved.
from the flames, but a steam dredge, val‘
ued. at $15,000, was destroyed.
A large number of small buildings near
the firei‘ghthouse were also burned. Two.-
men were seriously injured—Thomas
Hennessy and James hiacGowan. The
dock for seve1al hund1ed feet is mined
and- will cost thousands of dollars to re-
place.
l
Changes In Watson’s Cb'n'n'ma'nd‘. '
WASHINGTON, June 27.——A cable-
gram received here at the navy depart
ment from Admiral Watson brings the
information that Captain A. S. Barker,
who was in command of the fleet at Ma-
nila between the time of the departure of
Admiral Dewey and that of the arrival
of Admiral \Vatson, had left for home. ,
The message stated that he sailed on
Friday last on the regular mail steamer.
Lieutenant _Eberle also sailed for home
at the same time.
Martial Lugv R'eni't'i'ved F'rom Pann.
SPRINGFIELD, 1115., June 27.—Gov-
ernor Tanner has issued a proclamation
revoking the declaration of" martial law
at Pana. State troops, which have main-
tained peace between the striking union
miners and imported negro laborers for
several months, have been withdrawn.
The negroes are said to be leaving Pana,
fearing to work longer without protec.
tion.
Reception to Roosevelt by Mexicans.
LAS VEGAS, N. M., June 27.—0ne of
the most interesting and unique features
of the Rough Riders’ reunion was a re-
ception tendered to Governor Roosevelt
at the Hotel Castaneda by the Mexican
people of the territory just before his de<
parture. The most influential and' lead-
ing people called upon the noted New
Yorker.
Vatican Party \Viiis"ln Roin’e.
ROME, June 2G.—For the first time
since 1870 the Vatican party has obtain-
ed a majority in Rome in the municipal
are fantastically illuminated nightly in
honor of the success'.
rue KENTUCKY newcomer. 1
a Six Days" convention Without ne-
- suits—End Not In Sight.
LOUISVILLE, June 27. —A continu‘
ous performance of howling farce, lasting
eight hours, a rare. vocal entertainment;‘
with: soloists. and a chorus. of several hun-
' dred. voices, declamation and tin horn
testsi of lung power, made up the pro-
gramme of the sixth day’s session of the
. Democratic state convention, and it nae
rowly escaped winding up In an exhibi-
tion of pugil‘ism and . marksmanship.
From 10 o’clock until '6 yesterday Central
Music hall contained without doubt the
most uproarious and disorderly body of
men that ever gathered together for the
transaction of political or other business.
This plan was successfully carried out
until nearly 6 o’clock in the evening,
when, principally because of utter physv
ica-l exhaustion, the filibusters allowed
themselves to be outwitted, and the bal-
lot on nomination for governor, which the
chair had ordered early in the morning
and had tried repeatedly to proceed with,
was concluded by having the county
chairmen, or. as many as would, come to
the stage and yell their votes at the clerk,
who at a distance of a. few inches was
able to catch the figures. /
Before they fairly realized it they were
beaten, and a second ballot was reached,
this time with less tribulation. These two
ballots, both fruitless, represent the day’s
work of the convention. After they were
completed all were glad enough to ad-
journ until 10 o’clock today.
CONDENSED DISPATCH ES.
The Paterson (N. J.) Turn hall was
burned; loss, $25, 000.
Professor Samuel Har1is of Yale The-
ological seminary died at Litchfield,
Conn.
The Mark Lane Express said that crop
prospects in England and France had
. improved.
Satuiday’s and Sunday’s attempts to
float the tmerican line1 Pa1is were un~
successful.
It was reported that Admiral Dewey
would make Halifax his first American
stopping place.
All the tin plate plants in the country-
will shut down Friday night as the result
01" the failure of the workers’ committee
to agree with the manufacturers on the-
wage scale.
Stockyards Strike Increasing.
CHICAGO, June 27.——The strikers in
the stockyards have reached. the 3,000
mark, and it is said their number will be
greatly augmented. Hog killing- was
practically at a standstill yesterday, and
little work was done in the canning de-
partments of Armour & Co., Libby, Mc-
Neill & Libby and Nelson, Morris &
00. Men who have been through several.
strikes in the stockyards predict that by
July 1 there will be a complete tie up in
all the departments. unless there is quick.
action on the part of the packers.
Anotn'e‘i- Strike En'de‘d.
RICHMOND, June 27.——The strike of—
the girls employed as bunch breakers,
rollers and packers at the NVhitlock
branch of the American Tobacco com-
pany is practically at an end. The large
majority of the employees have returned
to work.
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Norwalk Chronicler