New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-09-21

lf, ars fyo.e snv change in schedules would not
Se waesere lf ss,saien Which would follow any
attempted general revision OF the taflh AT 'his
moment.
REAL, EVILS NOT CURED BY TARIFF
CHANGES
without regard TO the wisdom Of any one of
those three peseps t remains drge that enc dssi
ssis oo h,a in the fariff laws The trusts can
be damaged BY depriving them OF the benefits of
an their smaller competitors and all the wage
workers employed in the Indnstry: :. :. so.,u.,,o
avoid any save wilful misunderstanding. | am
tally unconnected with the trusts it would be well
TO lower the duties on various schedules either by
frem the =, nations With which we trade Nv point is
that changes the tariff would have little appre
ciaoe effect the trusts save as they shared in
changes. No tariff change would help one of our
smaller corporations or one of our private indvid-
against large corporation in the same business:
poraion it would inevitably be felt still more by
thai corporations weaker rivals. while any In
the employer and employed in the business con-
The immediate introduction of substantial free
trade in all articles manufactured by trusts-faat
would not affect some of the most powerful of
our business combinations in the least save by the
country; others would undouhtedly be seriously 5
affected but much less than their weaker rivals
while the loss would be divided between the capt.
talisss and the laborers and after the years o.
returns 20 prosperity had occurred, even thousn an
Mere on iewer plane OF b fst and their
rivals would remain marked as ever IN otneI
Suffered 'h TeaVeiy to and ii the interest its
foreign competitors. but its relative position .oS
ard its American competitors would proDapiy De
improved: little would have been done toward cut
na s Sus or mn sdeeuate control and reeua
ton of the large modern corporations IN oei lily
view to minimizing abolishing the evils ex-
istent in them is separate and apart from the ques
oft tariff
You must face the fact that only, harm will
trusts in a yindictfve spirit by conceived
solely with desire of hurting tne ge on bcmld
be made between the good and eVll in lhelIi, anu
sarV sequence Of the action would be the hurting
of other interests The adoption Of sacn Poi hey
cause it would mean temporary damage w 70 be
only temporary for exactly the damage aneCt s
eG all alike. good ana PAD: 50 ole Fedo'i ~
affect all alike, good and bao
GOVERNMENT CONTROL AND SUPERVISORY
The necessary supervision and control IN wn men
] firmly believe the only method OF elii hS
the real evils Of the trust qs ses eSHe which
shall aim in the first place TO give aennlIe Co.'S
and which shah be followed. when once this power
Ras 9sne ihe fn knowledge which
lial for satisfactory action Ihen ~ile ne Which, ei
is proper publicity has been granted what further i
steps of kind are necessary cen De ahe t ~
deal with the subject. and OF thorough kh"~ NJ
edge Of what ought 10 ana can oe u0ie AZ 49,
We need additional power and We need knowledge
conditions different that each State cohia
Tsse si,t ee as II law nj Nowadays ali the
Gus corporations which am considering DO Wiaat
is really an interstate business, and as the states
have proceeded very different lines in Tegulat-
ing Them they are often organlzea m S'd az an
which they 90 little or no business anp oo a., an
enormous business in other States, TO the spirit
II night be better if ali the states could agree
work along the same lines in dealing with these
lint NOT
of such agreement. Therefore, / personally
feel thai ultimately the nation win have to assume
the responsibility of regulating these very large
corporations which 90 an interstate business The
ny the great combinations of capital and the
through the national government,
PROPOSED CONSTITUTIONAL AMENDMENT.
L am well aware that the process OF constitu,
uonaL sInenamenJ IS necessarily a SLOW one ana
save for tie best OF reasons but l confident
Iaat in this instance the reasons exist. am also
aware that there viii be difficulty framing
ainendlent winch wall meet the OBJECTS or the case
The very fact that there be delay in securing
discussion and calm consideration of the whole sub
}ect and viii prevent any III considered action
phraseology OF such amendment, for 1 know it
sion But L firmly believe that all these obstacles
can De met if only we face them both with the
Their determination TO overcome them in ways
whole which, on the contrary, shall further our
fnaastria deyelopment and shall help instead Of
cess by means that just and fair men.
without the adoption of a constitutional amend
ment. my belief is that a good deal can be done by
zaw- Ii is difficult to say exactly how much be-
cause experience has taught US that in dealing
WITH these subjects where the lines dividing the
nights and duties OF the State and the nation
are in doubt, il has sometimes been diffcuIt for
Congress forecast action Of the courts I1pon
its legislation: Such legislation whether nbtaina-
BE now or obtainable only after a constitutional
amendmenD should provide fer a reasonable super
vision, The most prominent feature of which at
first should be pubicity-that is the making public
both TO the governmental authorities and 10 the
Pepl g az large Ihs essential facts in which the
g1onS IS coacerhed This would give exact
khoWleqge OF many points which now not only
Moreover, the mere fact of the pubiication Voni5
cure Some very grave evils for the light of day is
close other evils. with which for the lime heinz
epi l9ui i; deYlse no way to grappe Finally, ii
and cured by further legislative action WIN
! advocate action which the President only can
lake Under our present legislative and constitr,
uenai limitations the national executive can vorl,
corning great corp orations Between those lines /
= a you lnst exact ana even handed justice will
regard to persons -' "i'iio"t
NEED OF WISDOM AND sELF-REsTR AMT
4 wish TO repeat with all emphasis that desirable
oIem II IS mar the nation should have the pow
De used with wisdom and self-resfraint The
its size and completely and ignorant IN
WITH it would be disastrous. We should NOT he |
made tmid daunted by the size of The rroI ~ pe
should not fear to undertake in b aie Proole.s
undertake II with ever in our minds dresI
ity. We need keep steadily in mind 1 inc yam f
tnat besides the tangible property in ch coTpoTa
Il success, and in the OF each very sucness
tnI corporation This is usually the spirit of some
conditions one corporation viii make a stupen
nature sirlly 5eca use one is well managed and the
other is not While making IL clear that we do
tains OF industry, any more than by the humblest |
private in the Industrial ranks we also in