Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1902-10-30
LIES WITH CONGRESS-
Attorney General Knox Tells How
to Control Trusts.
Points Out Some of the Evils of Com
bines and Proposes Various Meth
ods of SupcrvisiOn-sEfety in
Common Law.

..,r,t -
In an eAhaustNe """iesN "P'H
Commerce Clause OF the constitution
and the Trusts." before the PittSnuTg
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Ni"ii"ei " :, ~
October II, Attorney HeHtr"l -
Knox declared that The power to rcgu-
I,+o +rust. fas with CONGRESS The
;.,..i,,,,. ,..+s i,
Iurlhet power ne Ia" t''''' ~
the common law. winch ne saia WIS az
,,... i.,I,,,.. of ,,nporoIies If uublic
,,a,.,e.i+io,. IN INV form Mr.. Knox
-
sp"hc as ioli"NS'
Great combinations Of capital, now num-
beriug thousands, are the !Esirumeh' ''IltItS
of modern commercial activity. Iheir num-
Der and size alone appal no healthy Amer
lean. No right-thinking man desires to i'm
pair the efficiency of the great corporations
as nstrumentalittes Of national commercial
development Because they are great aEC
prosperous, is no sufficient reason Tor thelr
obstruction. That there are evils ahC
abuses in trust promotions, purposes or
ganizatons, methods, manage inert aEc
effects none questions, except those VINO
have protiteGi by those evils. That al or
any of these abuses are to be round IN every
large organization called trust 70 one
woulG assert who valued his reputation for
| sane judgment.
"The conspicuous nOXious features OF
trusts existent and possible are these: Over
capitalization, lack Of publicity Of opera
tiOn, discrimination in prices TO destroy
competition, insufficient PERSONAL respen-
sibiNty of officers ard directors for corpor-
ate management. tendency to monopoly
and. lack of appreciation. in their manage
ment of their relations to the people, for
whose benefit they are perm!tteCi 10 eX-
ist OvercapitalZation is the chief of these
and the source from which the minor ones
flow.
some Remedies frop"St"'
corporations ana JOINT STOCK or o,nei a.
isT fnr tbatr evistaTca or nriviIeaes rad
ing beyond their own states. should be re-
CURED to Go business in every state and To-
ANY upon liG Sht''e en-,
So'tu' 'i'i.'' NJ - - = -
&C e., - 49, T., '.o - ~ ,,rii r
sun Nol Poi d 'tD1s 80 ''is9 ~ -
',ilC, "a -
mo- he sane ,arns
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"lt " 49, - t'e @ 40" "s ~ - H,.
asaii!s' stiliti.s IN .t -
- ~ ''.s 'tte iIS ~ ~
Ioi ll,e HeceSSalte teS u ~ ~ shou'1 s W ~,
iulleu 10 uo' ~ ,,f ~ a.
ul"itS anu - S"PP'' ''''
~ ,s ,.-. ,i.-,t., go
~ ~ go '',.
tet - ~ n'.T a. - - -
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~ a. le7 w. ,'s
IL! tie Co'',C' aiu ~ u 5
VI i"1t 70 ''e - -, -
an a. % .iI
are arafiratEd md q higher measure Of ,.f-
ministrative possibility required in cor
pOrate officers, a long step would be taken
towarG allaying the reasonable apprehen-
sion that the unchecked aggre ssion of the
trusts Will result in practical monopoly Of
| the important business OF the country.
The attorney general then took up
+ha o,,osti,,, of III. ,oy,e, Of +be ooy-
| cIihiil'ht 10 IeS uI"'' trusts 'I'i"S IHc
! cons titutiOn and legislation enacted
ON the subject. He continued:
| or. ~ -. ..
-, 80 9''s ~ "',Soi ~ w. y =
- o,J =, iiIa' 49,! 20 "
'.gI' a.. VI ioi !GI' ~ Il. Ia
Cl"'Sis, a. - 7''ot i'ts't a. ~
- " az -
exercise of the same power deny to com
bination whose life II cannot reach the priv