The Penn's Grove record., 1899-09-22

and while some relief may coue iAolu
notifications of the tariff, we cannot
destroy monopoly until we lay the axe
AT the root Of the tree and make mono
poly impossible by law. .um,
at las been suggested that dlscriul-
nation by railroads has aided the ttusts.
No ouesii0u about it. Ii one man can
secure from a railroad better rates tnan
another man. he will be able to run the
other man out Of business. And thefe
is no question that discrimination, IA
voIjtism secured by one corporation
against another producer ana Iiyai, mas
been largely instrumental IN ehaoIlnga
desired monopoly to become f'acti-
caliy complete monopoly.
Now, that can he remedled Dy laws
that will prevent this Discrimination,
aud when we prevent the discrimlna-
tiou. when we place every producer up
ON The same footing aud absolutely pre-
/ vent n faYoritism, still monopoly may
exist.
REMEDY MUST BE CoMPLErE'
"The remedy must go further. 1t
must be complete enough to prevent
the organization of a monopoly.
'I rather think that we differ more
in remedy than we do in our opinion OF
! the trust. venture to guess that
very few people will defend the trust as
n prineiple or trust organization as a
GOOD thing, but | imagine our great
| difference will be as to remedy. and L
want for a moment to discuss the rem
edy.
i,Then you prosecute a trust in the
limited States Court it hides behind
| state sovereignty, and when you pros
! qcute it in the State court it rushes to
cover under Federal jurisdiction, and
we have had some difficulty in finding
a remedy,
snow, | believe that we ought to
have remedies in both State and nation
and that they should be concurrent
remedies. In the first place, every
State has, or should have, the right to
create any private corporation which in
the Judgment of the people of the State
is conductive to the welfare OF the pee
pie of that State.
WHAT sTATBs MAY DO.
stI believe that we can safely intrust
| TO the people of a State the settlement
of a question which concerns them. Ii
they create a corporation and it be-
comes destructive of their best inter
ests. they can destroy that corporation,
and we can safely tTust them both to
create aud to annihilate, if conditions
make humiliation necessary.
eIn the second place, the State has,
or should have, the right to prohlDlt
any foreign corporation from dong
business in the State, and it ought To
have, or has the right, to impose such
restrictions and limitations as the peo-
pie of the State may think necessary
upon any foreign corporation doing
business in the State.
an other words the people of the
State not only have the right, but
should have a right, to create the cor
poratious they want, but they should
be permitted to protect themselves
from any outside corporation.
FEDERAL REMEDY NEEDED.
/ But do not think this is sufficient.
believe in addition to a State remedy
there must be a Federal remedy, and L
believe that Congress has, or should
have, the power to place such restric-
lions and limitations, even to the point
Of prohibition, upon any corporation or
gained IN any state that wants 10 40
business OUTSIDE Inc state say that
Congress has, or shoalu nave, power 10
place npou That corporation such llmi-
tatlons restrictions, even 10 the
point of prohibition, as may to Con-
gress seem necessary fof the public
good.
NOV, UtlIeye tlat tlless coleps
: rent remedies viii ieaeHTHe uInrculty,
: that the people OF every SLATE ahaii hist
: decide whether they want any outside
} corporation to DO business in the State,
! and, Il SO, upon what conditions; ana,
, thirdly, That Congress snail exercise the
= right TO pace upon every corporation
! doing business outside OF the state in
winch u IS organized SUCH limitations
ana restrictions as may he necessary for
the protection oil the puoilc good.
y HENAN's REMEDY FOR TRUST EVIL.
e zone method las occurred tn me- and
. IN me il seems a comolpte me,hod II
may not commend Itself to you. If you
have something better shall accept it
IS III 'He plaNV " '"'a nhiCh aul apout u
o suggest, nut the method that occurs to
me Is TINS:
"1haV Congress should pass "A law
o providing that no corporation organized
It III any S1"le shouiu De permitted TO &c
t business outside Oh llie state In which
e 1t IS organized until II receives from
y some power created by Congress 9
le license authorizing 1t to do business
outside OF us state =
T. NOW, II that corporation must CONT
l 10 TINS body created BY Congress to Sc
n cure PERMISSION to do business outside
the state thel mat license can be grant
Of ed upon conditions which Will in tht
E. hrst place prevent lhe watering o.
stock IN Inc second place prevent mo
m nop2ly IN any ofanch or business, ant
tdird, provide tor publicity as to all Of
ly corporation