The Savannah morning news., 1902-02-11
DEAL WITH TRUSTS
INDUSTRIAL COMMISSIONS RECON-
MENDATIONs.
REQUIRE FULL PUBLICITY.
LET BOTH CONGRESS AND STATES
ENACT LAWS.

The Second Report of the Industrial
Commission Is Good Democratic
Doctrine-It Advocates Full Gov
ernmcnt Regulation of the Big
Combinations which Are Unload
ing Their stock on the Public,
Laws by the United States as Wen
as the state Courts.
Washington. Feb. 10.-The second
part of the report of the industrial
commission was made public to-day.
1t covers manufactures and industrial
combinations and its recommendations
quote from reports to Congress in 1900,
in which it then recommended that
the promoters and organizers of cor
porations or industrial combinations
which look to the public to purchase
or deal in their stocks or securities
should be required to furnish fun
details regarding the organization and
that the larger corporations, the So
called trusts, should be required to
publish annually a properly audited
report, showing in reasonable detail
their assets and liabilities, with profit
or loss for government inspection.
In addition to the above the COM
mission now recommends
That district attorneys of the United
States be directed to institute pro-
ceedings for violations of the Federal
antitrust laws,
That combinations and conspiracies
in form of trust or otherwise, or in re-
straint of trade or production. which
by the consensus of judicial opinion
are unlawful, should be proceeded
against.
That stringent laws be created by
the Congress and the several state
legislatures, making both penal and
criminal the various practices of dis
terminating between customers, and
cutting rates or prices in one locality
below those which prevail generally,
for the purpose of destroying local
competition.
That to prevent over capitalization,
the several state legislatures enact
laws similar to the land stock watering
laws of Massachusetts; also to provide
for state supervision of all public serv-
ice corporations; with power to regu-
hate rates for service and to pass upon
the public need. desirability, or ext
gency of any proposed new service.
That an annual franchise tax be inn
posed upon all state corporations en-
gagged in interstate commerce, calcu-
lated upon the gross earnings of each
corporation from its Interstate bust
ness; that the minimum rate of such
tax be low, but that the rae be grad
ually increased with increased earn
ings.
That there be created in the Treas
ury Department a permanent bureau,
the duties of which shall be to regis
ter all state corporations engaged in
interstate or foreign commerce; to
make such inspection and eXamina-
| ton of the business and accounts OF
| such corporations, as will guarantee
| the completeness and accuracy of the
information needed to ascertain
whether such corpora lions are obserV-
ing the conditions prescribed in the
act. and TO enforce penalties against
delinquents.
That If a department of commerce
and industry shall be established one
of it's functions should be to call at
tention from time to time to such eco
nomic changes in the worlds progress
as may suggest tariff notifications,
and also to such commercial oppor-
tunities as may suggest reciprocal leg
islation or arrangements, and further
more to any evils incident to combina-
tions which changes in the tariff will
correct.
That Congress provide for a commits
sion to investigate and report as soon
as possible what concessions in duties
may be made without endangering
wages or employment at home, what
advantages abroad may be obtained
therefor, and also to suggest measures
best suited to gain the ends desired.