The Forrest City times., 1901-12-06

inevitably endangers the interests OF all.
ne fundamental al rule II cur national lire,
theTule which underAes all others, 5 that
on the whole and III the long VI &e snall
go Up or down together. There are eXNep-
lions, and n times OF pros PENNY seine Viii
prosper lar more anu III times u auNersl-
y some viii suffer Tar more than others,
out. speaking generally 81 Ferle4 OF 65SG
times means that ali share mere OF less
IN them, and IN period OF hare tines II
feel The stress 10 q greater o. less degree.
lie points 10 the fact that in the past
the ignorant or reckless asltator has
been the really effective friend OF ne
evils which he has been nomina.iy opp0s-
ing IN dealing WITH business interests
Tor the government to undertake ~
crude and iI-cCnsldeTed leg S4atIOu 70 90
what may turn out 10 be bad would oe
TO incur the risk OF such faT-reaching na-
tional disaster that i would be prefer
able 20 undertake nothing at ali. The
men who demand the impossible or the
undesirable serve as the allies OF the
forces with which they are nom!nally az
war for they hamper those who would
endeaEor TO md out n rational 1ashton
what the WRONGS really are and 10 what
extent and ii what manner Il Is prae-
uoable TO apply remedies
Remedies for the Trust Evil.
But while he says the above : true. he
yet IS many evils for which there should
be remedies provided. o. these evils the
chef = over capitalization. "oe-ause O.
It's many oaleful conSeqa gees lie says:
The conviction OF the American pe9p4e
that the great corporate as. known IS
trusts. are II certain Of Their Zee tuEss ar6
tendencies hurtfC. 70 ne general welfare,
: based upon SiGceTe conviction thai com
blE4tion and concentration should b not
prohibited but supervised ard within
reasonable limits CONTROLLED. a=e = IL
judgment this conviction 5 rtgGt-
A remedy for these evils he says.
The first essential IN determining how
70 deal with the great Industrial com
blnatoHs Is knowledge Of the facts
publicity. In the interest d he public
the government should have tn right 20
inspect and examine the workings =
the great corporations engaged Ia inter-
state business. Publicity IS RI 5uIy sire
remedy which Ne can now invoke. Wa1-
I9rlher remedies are needed n the NY
OF governmental ragalat5cs or taxation
can only be determined aster public y
mas been obtained by process OF lax and
u TIE course o adm ltstra-.ou- TIE ersr
requisite 5 owle1gs fell and complete
know edge which may be made pubic
10 the world.
ARTIFICIAL bodies. such as corporations
and JOINT stock or other aEsaela lions d.
pending upon any statutory law Tor 1ha.-
existence or privileges. should he subject
70 proper governmental supervision, and
~ s.ia accurate Information ss 70 their
operations should be made public regu-
larry at reasonable intervals
The large corporations. commonly
+ called trusts, though organized n ore
state. always do business in many states.
often doing very little business IN the
state Where they are ancorpora ted. There
4 = utter taeS OF uniform y IN the sta 2
i laws about them. and as no state has
any exclusive interest in or power over
4 their acts II has IN practice proved i'm
possible 10 get adequate regulation
/ through state action Therefore n the
interest of the whole people the nation
| should. without interfering with the pow
/ er OF the states in the matter Itself. also
/ assume power of supervision and reglIla-
ton over all corporations doing an inter-
! state business This is especially true
/ where the corporation derives a port on
/ or Its wealth from the existence Of some
+ monopolistIc element or tendency in its
f business. There would be no hardship in
F.. such supervision. Banks are subject to
H. and in their case IL is now accepted
as a simple matter of course Indeed z,
IS probable that supervisor OF cort0ra-
tons by the national government need
not go so far as is now the case with the
supervision exercised over them bv sn
conservative state as Massachusetts in
ORDER to produce excellent results
The president believes that IL VIII he
possible to secure the needed remote
TOT me trust evil under the constitution
az II now exists, but If congress thinks
other" Use he recommends that a @ 1nstitu.
tonal amendment be suhm tied tDat vii
cor Ter the 20 Nt' necessary
IN connection with The trusts ha rec
00mnenes legislation creating a cabinet or
HCtr, 70 n" Known IS Spcs starv OF IN.
&c. whose d. tes woutl be tn ,lca
Win an or <ttong concern . comm e,.ea
RECT ana the me- r. liant u1arrua