The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1901-12-11

De taken not to interfere with 1t IN 8
rpirit of rssiuess or ignorance. In
dealing With business interests, tcs the
government to undertake By crude. and
Ill considered legislation to do Wha'
nay turn out to be bad, would be to IN
eur the risk of such farrezching nation
Il disaster that it would be preferable
20 undertake nothing st al. The men
who demazd the impossible or the un'
desirable serve as the allies Of the
forces With which they are nomiraily
ut var. fer they hamper those who
you'd endsavor to ind out in rationa!
fashion what the wrongs really are and
70 what extant and in what manner 1t Is
practicable TO apply remedies.
HOW TO CORRECT THE EVILS.
Ali this is true, and yet it is also
true that there sre real and grave e7lis,
one Ct the chief being oVercspltsLza'
lion because of is many baleful con;
SEQUENCES, ard 8 ,eao!ute snd praetscal
effort. must be made to corcsea thee
evils.
L is no Limitation upon prcparty
rights or freedom Of contract to require
that when mon receive from government
the privilege of doing business under
corporate form. which frees them from
Individual ra. ;nsiOi:isy and enables
them to csll in.o shylr snse7 prlses the
cspitsl Of the public, they Stall GO 20
upon absolutely truthful represAnta'
lions as to the value Of the p, p=rty IA
which the cspital is to be invested !.
Corporations engaged N interstate can
nerce should be regulated if they are
;ound 10 exercise license working TO
the public Injury. ltshoule be as much
the aim Of those who seek for soeisl
pstternent to rid the business world Of
crimes Of cunning IS to rid the entlIe
body polite Of crimes Of v;olshca-
Great corporations exist only because
they are created ana safegusrGed BY
5ur institutions, and it is Therefore our
duty to sse thai they work IN harmony
With these institutions.
PUBLICITY THE EIEsT ESSENTIAL.
The first essential in determining
hog to deal with the great industrial
canbicatiocs is ka2Sladgs Of tie Eao;s
-puolicit5. II tzsH interest Of TIC pub
lie the government should have sa6
right to inspect and :xanine the YORK
ing Of the great corporations engaged
il interstate BUSINESS. Publicity IS the
only sure remedy Win we can no1
invoke. What further remedies arc
nesdsd ia the way Of governmental
regulation or taIation can only be de-
ter,nined after publicity las baen OBJ
tsined By process Of law and in the
course Of administration. The first
.equisite is knowledge, full and COM
p.sse-knoRledge which msy be made
public to the world.
Artificial bodies, such as corporations
and joint stock or osher associasio2s,
depending upon any statutory Lag for
their existence or privileges should be
subject to proper governmental su2ar
vision, and full and sco1rate inforna-
lion SIS to their operations sho1ld be
made public regularly at reasonable in
te.vals.
Tho large corporations, comnoalJ
called trusts, though organized IL one
state, always DO business in many
states, often doing vsry little business
in the stats whore they are iDcorpo1a-
ted. There is Utter lack Of uniformity
in the state laws about shem, and, as
20 state has any exclusive interest in
or power o7er shsir ac!s, it hss in prac.
tice proved impossible to got adequate
regulation through state action. There
fose, in The interest Of the whole peo.
pie, the nation should, without inter
feriDg with the power Of the states IN
the matter itself, also assume power Of
supervision and regulation oVer ail cor
porasions doing 81 interstate business.
AMEND CONSTITUTION IF NECESSARY.
When the constitution was adopted,
at the end Of the eighteenth century,
no human wisdom could fo-etell the
sweeping changes, alike in industrial
and poii;icsl conditions, which we're to
take place by the beginning Of the
twentieth century. At that time it
was accepted as matter Of course that
the several states were the proper au-
thorities 70 regulate, 80 far IS was then
peoessary, the comparatively insignia.
cant snd strictly localized corporate
bodies Of the day. The conditions are
new wholly different, and wholly differ
ent action is called for.
I believe that a laE can be framed
which will enable the national govern
ment to exercise control along the lines
boveindicased, probing by the expert:
elce gained through the passage and
administration Of tie interstate COM
mecce act. If, however, the judgment
Of the congress is that it lacks the con-
stitutional power to pass such an act,
then a constitutional amendment should
be submitted t. confer the power.
The1e should De created cabinet Of
fcer, to be known ss secretary Of COM
morce and industries, as provided II
tie bill introduced at tie last session
Of the congress. 1t should be his
D-oy;oe to deal with commerce IN is
bro; dssS gsnse, including among many
oihel thi1gs Whsseyer conoerns labor
sad ali mstlers aff: cling the great Eusi-
nea5 corporations AID our merchant
naxiEe.
LABOR.
The president declares that nc ce-
CARDS il necessary 20 re-enact the Jll-
1eso exclusion law. IN regard to lssor
hs says that the government s1eu'd
provide il ils c5lr:sc:s that al! Wotk
saor.d Be done alosS ''fair" cond;aoaa
auo that all night TcTk should BIZ 1orr..
blqdeu fer women s-d children as veil
81 excessive overi.4:e. 6e c3ntleGas:
Ee1s crest go,,L hs; b.en Ind viii os
scooEp p.l5hc1 by aes9v-aLlols o. u2aoas
If wse: RGrktTs Hhen managed gisn
IoEetAcughs sud Rpea sbey combine II
sis:erce uC1a ter oTa rights Ritn