The Farmington times and herald. (Farmington, St. Francois Co., Mo.) 1902-1905, 1902-08-28

be 20 whom has bcea gwen what the
psalmist prayed for, neither poyerty nor
riches, but the great captain Of Industry,
the man of wealth, who alone OF IN cOms
btnation with hia fellows drives through
our great business enterprises, u fac
tor without which this country could n0i
position Ia the world Good not harm,
normally comes from the pilinE ~ or
wealth through business enterprises.
Probably the most serious harm resulting
TO Us, the people Of moderate means, ~
when We harm ourselves BY letting ths
dark ane evil vices Of envy and hatred
towards our fellows eat into our natures,
SIN there iH aruther harm Of a more
evident Kind. nnd snch harm Il our
clear duty 90 try 20 eradicate. n possible,
and IN any event % minimiEe The great
corporations, containing some tendency
speak nf rHthef loosely nH trusts, ara the
creatures Of the state, and the state not
onls has the rlRht Go control them, but
= IN duty bound 60 control mem wherever
the need for such control is shown There
h eicafty need of aupcryision-n0ed 10
exercise the power of regulation on the
part Of the public, wherever, as IN our
corporations beruuln ~ very strong BOTH
for beneacient work and work that y not
always benehceuS. II 70 Idle 20 say there
ID no need fvs such supervision. A sum
cient warrant Tor it O. O. be found over
and over again IN any nf the various cyiin
resulting from the present system. OF,
rather iaca Of HyHtpEL
There y q our country peculiar
tltcuily in the way % exercising snrh
Huprrt HIon and control because of the
peculiar division % governmental power,
When the industrial conditions were sim
10 trouble Nas rauacd by the doub; as
to WHERE power was lodged under the con
stitutIuu Nov the conditions nrs com
plicated. and We ind Il difficult 20 frame
national legislation which shall be
adegnHte, while as a matter Of practical
experience state action has proved en-
tireiy insufiicien,, and IN al human prob
ability can not or wiz not be made suf-
uclcnt. a. meet the needs 0f the case,
Bnms of our states have excellent laws
laws which Sc would be well, indeed. 10
have enacted by the national legislature.
Hut the wide differences In these laws,
even between adjacent states and the un.
certainty Of the power Of enforcement
result practically in altogether insufficient
control believe that the nation must
assume thiH power 10 control by lcgiHia-
ton. and n Il becomes evident that thu
constitution Will not permit needed lc8is-
lat4uu. then by constitutional amendment.
The immediate need in dealing with trusts
81 Go place them under the real, not nom
iuHi control uf some sovereign TO which.
aa ita creatures the trusts shall owe al
isEiungv and 10 whose courts the s0Vcr-
riEn orders may With Centratnly be rn-
forced. This D. not the ease With the
ordinary sU-Cnlied trust to-day, for tho
trust g. "a larEr state corporation, zen
orally doing business On other states also,
and often With "a tendency 10 monopoly,
"Surh trust D. an ARTIFICIAL creature,
not wholly responsible 90 or cunrtnliable
by any Legislature. nor wholly subject 20
th" luriFdirtion uf any one court some
governmental sovereign must b. given full
power over these ARTIFICIAL and powerful
corporate beings In M Judgment this
HuFrr,i isa must be the national Euvern-
mrnt When IL has been given full pow
~. then thi- iull power can b. used 10
control any evil influence exactly ~ the
government e now using the power con
frrrrd upon d. under the Sherman anti
trust law Even when The full power has
been conferred % would b. highly unde-
Hirtnlr Go attempt too much or 90 begin
hs stringent legislation. The mechanism
nf modern business g. as delicate and
complicated Hs U g. vast and nothing
would b. morr productive ~ Tyil 90 an
uf uH and rappcialiY 60 those least well
OF In the worlds goods than ignorant
mtddliug with this mechanism, and above
all n the mcddUng was done iu a spirit
uf class or sectional r1nrur, II r. deHir-
able that this power should he possessed
los the nation. bat u ia quite ~ desirable
that the power should o. -AyrCiscd with
moderation and Ecif-rrEtTaint. The firs,
exercise of that power should hc tho se-
curing Of publicity among all great cor
poratiouA doing an Interstate business
Tho publicity though pn-inuuisitog1ai.
should b. real and thorough ns o. at im-
pnrtnut facts with which the public has
aanFaNFt