The evening times., 1900-03-01
DUFFY MALT wE1SKEY CO., Rochester. II. 2.

in the decisions and until reversed by the
United States courts on appeal.
"(a) That the Interstate Commerce Com
mission be authorized to prescribe classi-
fications Of freight articles. and to make
rules and regulations for freight transpor-
tation throughout the United States.
I'D That penalties for violations Of the
Interstate Commerce act should be apprO-
pirate fines against the carrier, and not i'm
prisonment OF officials"
These recommendation are signed by
James II. Kyle chairman. and Boiss Pen
rose. J. J. Gardner William Lorimer. L.
F. Livingston. John c. Bell. Theodore OF
jen Lee Mantle A. l. Harris. Ellison A..
Smyth John NJ. Farquhar, Eugene d. Con-
ger. Thomas W. Phillips, c. J. Harris. NJ.
d. Ratchford. John L. Kennedy, and Albert
Clarke, Commissioners.
Dissenting Opinions.
Mr.. Lorimer. however. makes the follow
ing reservation: Il concur in the recom-
mendations OF the Commission on Indus
trial Combinations. but withhold my
judgment on transportation corporations
until testimony now being compiled b.
the Commission is submitted TO Congress,
with recommendation"
Mr. Clarke makes this individual state
meut: Il concur in all except paragraph
mar htA HNUI- II EtGllc ~ liz NNNNNA tAAeiA
rates fixed by Interstate Commerce Com
mission should not go into effect in case
OF appeal until affirmed by court, and that
trial on appeal should be expedited
In reviewing the evidence. the report
. says that il is necessary TO keep clearly
in mind that great capital or great COM
binatfcn Of capital has no necessary rela-
tiCu TO monopoly, though il seems 10 be
. established that a virtual monopoly may
Hn. rUnW
that comes from capital Continuing the
review Of evidence. the Commission says;
Among the causes which have led @
formation Of industrial combinations most
Of the witnesses we're Of the opinion that
competition so vigorous that profits OF
nearly all competing establishments were
destroyed. is TO be given the first place
Even Mr.. Havemeyer said this. though. as
/ ne believed that in many cases the compe-
/ t.tiOn was brought about by the fact that
too high protective tariff had tempted
1 many rivals into the field, he named the
/ customs-rarIT as the primal cause. Many
/ OF the witnesses say that their organiza-
/ tion was formed 10 make economies, L,
! lessen competition. and 10 get higher
/ prOfits-anothcr way Of saying that compe-
I titiOn is the cause without COnCeding thai
/ the separate plants were forced 10 com
bine. One or two Witnesses simply men
! tion The higher profits wanted or sOmt
/ like ambition. as when chairman Gate!
| asserts that the American Steel and Wir,
! Company was formed because its organiz
ers wished to be the wire manufacturer
I OF the world"
The methods by which the combination
hope to effect savings so as 10 keep uey
/ competitors from coming into the field vii
be mentioned under the advantages Of com
bination. but it may be noted that the
I usually assert that they expect the in
/ creased profits TO come from savings an
lessened cost Of production and not froI
higher prices
The commission proceeds TO discuss tn
Z form OF organization Of the various trust
and speaks Of the special advantages whic
| trusts find under the laws Of New Jersey
The report holds that over capitalization /
an evil against which special Legislation
must be directed. and enters into a genera
discussion Of the subject. Other subject
1 treated exhaustively in the review Of evi
dence are prices. the factor system. expor
trade trusts and the tariff. and freight dis
| criminatiUns. In conclusion. the Com
mission quotes various authorities &
| regard 10 the advantages and the evils G
{ industrial combinations.