The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-12-29
LOCKWOOD
BREAKS OUT
PRESIDENT OF THE ANTITRUST
LEAGUE FIERCELY cRITI-
CIsEs ROOSEVELT
NO ADDITIONAL LAW NEEDED
Contended That Sherman Antitrust
Law Is strong Enough to Sup
press Combinations if Prop
erIy Enforced
HITS AT INDUSTRIAL LEADERS

TERRY, Tex, Dec 2S.-M. L. Lock-
wood, of Zelinople Pa, president OF the
American Antitrust league, has given
out a statement in which he criticises at
length the recommendations made by
President Roosevelt for national law
to govern trade combinations. Mr.. Lock
wood contends that there is no necessity
for any further legislation on the sub
ject; that the rigid enforcement of the
Sherman antitrust law would be suffi-
cient effectually to suppress and restrain
hurtful trade and industrial combina,
tions. He then says:
Doesn't everyone know that these III
drstrial combinations have destroyed
competition, have created monopoly and
are now robbing the American people
of hundreds of millions of dollars all
nually to pay dividends on billions OIL
Watered stock and that some OF these
dividends are 4S per cent annually lof
water and all? What more publicity does
he want?''
Alleges Determinations.
He alleges hat the foundation OF an
the vast fortunes which have peen punt
up in trade and manufacturing are rali :
road rebates and determinations ana
refers to the close of the discussion "
the matter in the message in which the
ing by the experience gained by the pas
sage of the interstate law" wisely en-
act such a law as he recommends.
Mr. Lockwood continues: In 1873 the
independent oil producers OF Pennsyl-
yania began agitation for the passing OF
the interstate commerce law we haa
in the lower hosue Of congress John n.
Reagan. of Texas. For nearly eight
wears we circulated petitions. hedsdn
finally secured its passage through tiie
house in such a form as to cure the eFiis
nf railuav discrimination, but it was
crinpled by the Cullom amendments IN
the senate SO that twenty odd years az az
+erwards the chairman of the lnter-staoe
commerce commission testhed liaI
railway discrimination is unlVersah
catt;ne Away From the People
Mr.. Lockwood alleges that trusts ue-
sire lust what is recommended III ene
message. and that their attorneys ao-
yocated it before the CIVIC ieoei eeio'i
conference He says:
.Whv is it that these attorneys want
to transfer this question to the seat
of the national government! Inc aaH-
swer is that they want to get Just as
far away from the people VINO are oe-
ing hurt as possible. They know liiaI ina :
the atmosphere is a great, ueal dllleren.
on this question in the capitol lobples ara
in the hotel Hobbies of Washington than
1t is in the states. And would IT lioe
be well for the president, VINO has sworn
to enforce the laws, to have his attorney
general begin proceedings IN earnest uii-
der the provisions of the Sherman anti
trust law against these trusts and mo-
nopoJies and against the Illegal railway
coubines before he asks for any fur
ther federal legislation on this subject:
Hits at Industrial Leaders.
eff he will see that the laws are faith
fulIv enforced against these trusts tnat
have >paralyzed all capital except thal
which is willing to goeinto the conspiracy
and will maintain equal rights to every
American citizen over the highways OF
the land in the transportation of their
products, he will be surprised to see
what a multitude of captains of indus
try' will spring up ready to give the
consumers OF America their necessities at
competitive prices, at per cent profit
upon the capital invested.
LET him guarantee equal rights and
equal opportunities and the American
people will take care of the trade of
the world. Neither will they ask the
people at home to pay ten times the
profits upon their necessities at Which
they are willing to sell the same gecds
in foreign countries
He criticises the recent conference Of
labor and capital at New York, and
says:
''They have created a kind of supreme
court, and have made Senator Hanna
chief justice thereof; they have set up
a kind of government inside of and in
dependent of the regular government of
the people,