Telegram-herald., 1888-08-15
TO PUNISH TRUSTS.
= RESOLUTION 81 SENATOR REAGAN
k@fsFrss to Com aaittss On fIA.ses amer
Several Iassrssfisx sss.sAss Had bssG
aAas-1hs ChiEsss Treaty Cozsia-
srs4-Sehsnsld IA Csza.za.

WAsEISsres. Aug In. Reagan in
tfoducsd bill 70 define trusts and provids
for tbs punishment Of persons connected
with them Or carrying thsm On, sad moved
ia reference 70 the COMMITTEES on judiciary.
Mr. sherman moved its rsfeFenoe 70 the
Committee On Finance which already had
charge Of the ssrue O0l ect aRdsr instrucuSns
10 inquire and report whether aay remedy
can ;. found Tor sgcl trusts and coIaslna-
lions. he said lt vas question vhethsr
II vas "a the constitutional power OF Cos
gress to prohibit trusts AID comsinailens
IA restraint OF trade. IL uss very clear thai
there was 10 such power ia Congress 70 oe
derived trSG its power 70 raise and collect
taxes Ii Vas power which might De or-
efcised by each State for itself Similar
laIs had been enacted IN England and other
couatriss. Indeed there were, ia BLACK
stones Commsntaries, denurciations Oh
trusts and nOn0pOies IS strong as could
De written Ia the English LANGUAGE.
Whether such laws could be ensrsfted with
national authority on the siatute books OF
the UaiJed States uhdsr It's peculiar system
of government there was some doubt III
IL could be done al all Il would have 10 DC
done on the Tavif or Revenue bill.
He did not see in what other way II could
be done. The difficulty was that some Of
the most dangerous of sech combinations
(iEs the sr>Sdard Oil Company grew cut
Of matters tnst were not taxed III was cer-
tain thar where such com sinauons grow
out of the revenue laws-like the Sugar
Trust one of the most dangerous and
wrongful trusts ever organized In the coun-
try). il coald be legslsted against by Con-
gress And perhaps the best way was TO
let the matter 20 where the Senate had
already sent ito the Committee On
Finance. If such provisions as would be
reported from that committee were not
deemed wise. or If IL were thought best to
take the oeinioR of the Judiary Commit
tee on the crnstituuonality and efficiency
he would have no objection to their being
referred TO that committee. As matter Oh
course any legislation on the subject OF
trusts or com mbinalions IN restraint OF trade
must grow out OF revenue laws, otAerwne
il would not be within the power OF Con-
gress 10 deal with them.
Mr. Reagan said that the bill was framed
with Q view Of avoiding the constitutional
difficulty Of assuming to legislAts on . mat
ter of State jurisdiction. Tiers was also
difhculsy in defining what trust was and
il providing appropriate penalties de was
willing TO leave the reference OF the bill to
the Senate.
After ssne further discussion the bin
ance.
Mr.. Reagan also introduced bill, which
was referred to the Committee on Co No
mercs, requiring the officers and at least
three-quarters Of the crew every United
States merchant, whaling or fishing vessel
10 bs either native o. naturalized citizens OF
the United States.
The resolution offered some time since
ny Mr.. Chandler instructing the select
Com mmittee on Indian Traders TO continue
its Investigations during the recess was
reported back and agreed 10. The House
bill granting the right of way to she Yank-
ton aud Mississippi River Railroad through
the Yankton reservation in Dakota, WAS
taken from the calendar and passed with
SONS formal amendments.
The Senate then, ut 1920 10y . vote
Of "a to 20), resumed the consideration
of the Fisheries treaty in open execu-
tive session, and was addressed to DIR.
Morxan