The times. [volume] (Richmond, Va.) 1890-1903, 1902-12-03
Continued from First Page. ,

inyiolability Of property: Nut this is in no
vase inconsistent with the right of society
10 regulate tho exercise OF Tie artihclai
powers which IL ConfcrS upon the owners
OF property under the name OF corporate
franchises. in such way as 10 prevent
;hc misuse of these powers. Corporations,
and especially combinations of corpora
hons. should be managed under public
regulation. Experience has shown that
uuacf oar system Of government the nee
,,SSary &apcrNiS ion cannot be obtained by
STATE action II must therefore be
achieved by national action Our aim IS
no, 10 do away with corporations: on the
contrary, these big aSgrcgatons are an.
inevitable development OF modern indus
1"5alis1n. and the effort to destroy them
would he TURTLE unless accomplished in
vays that would work the utmost mis-
chef to the entire body polite. We can
90 uoihinss EFF good In the way OF rcgu-
laiiE5g ana supervising these corporations
luH wa IA clearly in our minds tsat we
srs not attacking tho corporations hut
ss~,c-n v7Iinc TO do away with any evil
e. them. NC are not hostile TO them: we
~ merely determined that they shall oe
50 handled aS 10 SuhsCIve the pablo good
W. draw Tie Inc against misconduct. not
nEatnst wealth. The capitalist who. alone
o. in conjunction With his fellows per
sr--egs some great industrial feat by which
1se wins money is a welldoer. not a wrong
,ae@. proNided only lac works ju proper
..5 legitimate lines W.. wish to favor
such a man when he does We'll. We wish
10 supervise and control his actions only
10 prevent him from doing i'll Publicity
ea1 &c no harm tothe honest corporation.
and " need not be ovortendcr about spar
2 tho dishonest corporation.
Curb, Not Destroy
In cUs,binS and regulating the conbina-
,io@s OF capital whieh are or may become
NO
i4ot 10 stop the great enterprises which
have leEitimately reduced the cost Of pro-
GuCl3On, not to ahandoa the rlac" winch
cfir country has won in tae leadership OF
he international industrial world not 10
st;ilse down wealth with the result nf
closing factories ana mines of turning
tho wase-worl1cs idle in the streets and
icavinE The farmer wi;Aout market FOR
that NJ grows. lnS.stcnce upcr the i'm
possible means delay in achieving the
POSSIBLE. exactly as on the other hand,
mo stubborn defense alike of what is good
ana what Is bad in the cNistln-; systc'n.
m" resolIte effort /" "bslact any attrnlpt
at hetJcrmenJ hetrayS blindness TO the
l,5='olic truth Thar wise evolution is the
sure safeguard against revolution
Ma more important subject can com"
before the Congress Than this Of the
legulatcn of interstate business This
coauJry cannot afford to Sit supine on
The plea that under orsr peculiar system Of
government we are helpless in the pres
eact OF the nav conditions. and unable
- grarple with them or TO CIT out wl1at-
cs-er Of evil has arisen in connection with
item The power of the Congress 10 leg
Ilate Interstate commerce * an absolute
a2sG unqualified grant an1 without limita-
fipHs other than those prescribed by the
Constitution. The Congress has coristitJ-
iioaal authority To make all laws R=c"s
sarv and proper for executing this power.
lt#t I'een exhausted by any legislation now
usl the statute books. II is evident. there
fore that evils restrictive III commercial
freedom and entailinE restraint upon ma
fioual commerce tall within the reglld-
tive power OF the Congress. ana THAI
wise and reasonable law would be nee
rssaly and pHoper exercise Of congression-
. authority 10 the end that sucl evils
should ba araGicated.
Can Prevent HoropoEies.
beieve that rnonopoites. unjust dis
examinations. which prevent or cripple
tt.zlYetiticu. fraudulent capitalization.
and other evils in trust organizations ans
practices which iujuriously attest ir.or-
state trade can he prevented nnde" the
'fo1g4r Of the Congress- to regulate com !
1verce with foreign nations and among the
several States through regulations and
oqElirau ms operating directly upon such
commerce tie Observation-Disclosures thereof.
aa those engaged the,ei:l.
earnestly recommend this subject -
71le ustderatiou Of :lle Congress with :
ew ta the passage Of a law reasonable
lr It's provisions and effective in lis opa-
~ aus upon which the questions can he
FREELY a5iudeatcd that Tow raise doul,Is
s 10 the necessity Of constitutional
amendment. if It prove impossible 10 ac-
,arapish the purposes above set Forth ~
"a a law. then. assuredly. w should