Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-12-30
SAYS Law Is AMPLE
President Of Antitrust League.
Criticizes Some Of Roose-
velt's Recommendations.
Gives Out Statement in Which
He Says Present Anti Trust
Law is Ample.
Enforcement Of the Present
Statute Would Be a SUI.
ficient Remedy.

wood, of Zelienople, Pa, president oil
the American Antitrust League, has
given out a statement in which he criti-
cises at length the recommendations
made by President Roosevelt for ma
tional law to govern trade combination.
Mr.. Lockwood contends that there is no
necessity for any further legislation on
the subject; that the rigid enforcement
Of the Sherman antitrust law would be
sufficient to effectually suppress and re-
strain hurtful trade and industrial COM
bination. He then. says:
Does not every one know that this
industrial combination has destroyed
competition, has created monopoly and
10 now robbing people of hundreds OF
millions of dollars annually to pay owl
dends on billions Of watered stock, ana
that some OF these dividends are 40 per
cent annually for water and all? what
more publicity does he want?
He alleges that the foundation OF all
the vast fortunes which have been bu1lt
up in trade and manufacturing are rail-
road rebates and Determinations and
refers to the close of the discussion OF
the matter in the message in which the
president says that congress can "profit
by the experience gained by the passage
Of the interstate law" and wisely enact
such a law as he recommends.
Mr.. Lockwood says:
I'm 1876 the independent oil producers
Of Pennsylvania began agitation for the
passage Of the interstate commerce law.
We had in the lower house of congress
John n. Reagan. OF Texas.
For nearly eight years we circulated
petitions. Reagan finally secured its
passage thru the house in such form
as to cure the evils OF railway discrimi-
nation, but it was crippled by the Cul-
lom amendments in the senate so that
twenty odd years afterward the chair
man Of the Interstate commerce COM
mission testified that railway discrimi-
nation is universal.
Mr.. Lockwood alleges that the trusts
desire Just what Is recommended In the
message, and that their attorneys advo-
Gated 1t before the civic federation con-
ference.
He says:
..why Is. 1t that these attorneys want
to transfer this question to the seat OF
the NATIONAL government? The answer
IL that they want to get just as far
away from the people who are getting
hurt as possible. They know that the
atmosphere is a great deal different on
this question in the capitol Hobbies and
in the hotel Hobbies of Washington than
it Is In the states~sAnd would 1t not be
-, NH h q q
enforce the laws, to have his attorney
general begin proceedings In earnest,
under the provisions OF the Sherman an
ti-trust law. against these trusts and
monopolies and against the illegal rail-
way combines, before he asks for any
further federal legislation on this sub
51ect? n he will see that the laws are
faithfully enforced against these trusts,
that have paralyxed all capital except
that which is willing to go into the con-
spiracy, and will maintain equal rights
to every American citizen over the high
ways OF the lands In the transportation
OF their products. he will be surprised to
see what a multitude OF captains of In
dustry' will spring UP ready to give the
consumers Of America their necessities
az competitive prices at per cent profit
upon the actual capital invested. For
/ say to him that these captains of In
dustry' upon whom he relies do not own
monopoly OF business, brains. energy
and producing force Of this people. 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 will
ing to sell the same goods In foreign
countries"
L He criticises the recent conference Of
labor and capital at New York and
says:
"They have created kind OF supreme
court and have made Senator Hanna
chief Justice thereof; they have set up q
kind OF government inside OF and inde-
pendent of the regular government Of