Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1902-12-02
Guard Wise Enterprises.

0kaAAA6 IAO 0ASAkOAACoI SO4 ROAoS4OAs +.
Guard Wise Enterprises.
In curbing and regulating The compina-
tions of capital which are or may become
injurious to the public we must be care
full not to stop the great enterprises which
have legitimately reduced the cost of pro-
duction. not to abandon the place which
our country has won in the leadership Of
the international industrial world, not to
strike down wealth with the result of
closing factories and mines, Of turning
the wageworker idle n the streets and md
what he grows. Insistence upon the i'm
possible means delay in achieving the pos
sible exactly as. on the other hand, the
stubborn defense alike of what Is good
and what is bad in the existing system,
the resolute effort to obstruct any at
tempt at betterment, betrays blindness to
the sure safeguard against revolution.
No more important subject can come
before the congress, than this Of the regu-
lation Of interstate business This country
cannot afford to sit supine on the plea
that under our peculiar system Of govern
ment we. are helpless in the presence of
with them or to cut out wha teyer of evil
has arisen in connection with them. The
power Of the congress to regulate inter-
quaiified grant and without limitations
other than those prescribed by the consti-
tuition. The congress has constitutional
AuLNOrlCy 10 make all laws necessary ana
proper for executing this power, and am
satisfied that this power has not been ex-
hausted by any legislation now on the
dom and entailing restraint upon national
commerce fall within the regulatiye. pow.
er of the congress and that a wise and
reasonable law would be a necessary and
proper exercise of congressional authority
to the end that such evils should be erad-
r hn,3a,,a +bo< ,,oo,orolioo ,,pj,,u+ <5;e
ordinations which prevent Or cripple
competition, fraudulent overcapitalization
and other evils in trust organizations and
practices which injuriously affect inter-
power OF the congress to regulate COM
merce with foreign nations and among
the the several states through regulations
such commerce. the 1nstrumentalities
thereof and those engaged therein.
earnestly recommend this subject to the
consideration Of the congress with q view
to the passage of law reasonable in its
provisions and effective in its operations.
upon which the questions can be finally
the necessity Of constitutional amend
ment If it prove impossible to accom-
plish the purposes above set forth by such
shrink from amending the constitution so
as to secure beyond peradventure the
power sought. -.-l
Tariff Reduction Ineffective to Curb
Trusts. Il
the congress has not heretofore made
any appropriation for the better enforce
stands. Very much has been done by the
department Of Justice in securing the en-
forcement Of this law, but much more
special appropriation for this purpose, to
be expended under the direction Of the
attorney general.
reduction Of the tariff as means Of
reaching the evils Of the trusts which fall
Within the category 7 have described
tive, but the diversion Of our efforts in
such direction would mean the aban-
donment OF all intelligent attempt to do
gest corporations, many Of those which
should certainly be included in any proper
scheme Of regulation, would not be af-
ii the tarff, save as such change s Inter inter-
fered with the general prosperity Of the
country The only relation of the tariff
tariff makes manufacture profitable, and
the tariff remedy proposed would be in
effeet simply y to make manufactures un-
punitive measure directed against trusts
would inevitably result in ruin to the
weaker competitors who are struggling
against them. Our aim should be not by
unwise tariff changes to give foreign prod
ucts the advantage over domestic prod
ucts, but by proper regulation to give do
mestic competition a fair chance, and
this end cannot be reached by any tariff
changes which would affect unfavorably
all domestic competitors. good and bad
alike. The question OF regulation Of the
trusts stands apart from the question of
tariff revision. 4i5 s1ss rs
Stability OF economic policy must al
ways be the prime economic need Of this
country This stability should not be fos-
silization. The country has acquiesced
In the wisdom Of the protectiye tariff
that this system should be destroyed or
that there should be violent and radical
changes therein Our past experience
shows that great prosperity IN this coun-
try has always come undera protective tar
iff and that the country cannot prosper
under fltful tariff changes at short inter-
yals. Moreover. II the tariff laws as
whole work well and II business has pros
pered under them and is prospering, 1t Is
better to endure for time slight incon-
yeniences and inequalities In some sched-
sules than to upset business by too quick
and too radical. changes. It is most ear
nestly to be wished that we could treat
the tariff from the standpoint solely OF
our business needs. II IS. perhaps. too
much to hope that partisanship may Be
entirely excluded from consid deration OF