The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-05
KEEP OUT OF COURT
w. s. Dwinnell Thinks Litigation
Would Delay Effectiveness of
the Hoar Turst Cure.
He Thinks a Graduated Tax Upon
Capital Stock Would Prove
More Satisfactory.

Senator Hoar's bill proposing a remedy
for trusts strikes W, S. Dwinnen as a
good measure Of its kind, but he believes
a more effective remedy could be found
along administrative lines. Mr.. OWN
nell has made careful study of combina-
tons and drew the Minnesota antitrust
law Of 1899. He says of, the Hoar bill:
II have not had an opportunity Of ex-
anime the Hoar bill in detail. From the
published synopsis my Judgment is that
it is by far the most effective legislation
yet proposed. My only fear is that it will
involve, so much litigation to to render It
effectual that it will never a ccomplish the
purpose Intended. All the remedies sugv
gested require action through the courts,
and after several years study Of anti
trust legislation and the effects thereof
l am fully satisfied that any legislation
which requires judicial proceedings to
render it effective will not be far reach
ing in it's results. If this blu hurts trust
corporal lions they are going to attempt to
evade it, and when you undertake to fore
stall through the processes of the courts
the thousand or more trust corporations
now doing business in this country in
their attempts to evade a law which is
disastrous to them, you have embarked
upon a very unsatisfactory undertaking.
}",Trust Legations should be, in my judg
ment. administrative and should not re-
quire the processes of the courts to rem
der it effectual A plan which have adj
vocated is a graduated tax upon the capt.
tai stock, whether it be water or other
wise. of every corporation engaged in in
terstate commerce. In this way you
recognize the power Of concentrated CAPT.
tai which possesses the very essence Of
monopoly. The greater the concentra-
ton the greater the monopoly, and there
fore the greater should be the burden i'm
posed upon: such monopoly: In this way
a corporation which has effected saving
| by avoiding the wastes Of competition and
| is selling it's product at a reasonable
| price. would continue to exist and prosper
| notwithstanding the springing up OF
! smaller corporations which did not have
to bear so heavy a burden. While the
! large corporation which was avoiding the
waste Of competition and yet was exercis-
| ing its monopoly powers and selling its
| product at an exorbitant price would al
once experience the competition of small,
or corporations which would be subjected
| to- smaller tax. In this way we would
! always have latent competition and would
destroy the monopoly powers of all large
corporations without destroying the cor
| porations themselves.
| perhaps the Hoar bill is as effective
| legislation as it is possible to pass at thi
| time. and, if so, there should be no della,
| in securing its enactment, but as I hav,
| already intimated, / believe that befor,
! any substantial solution of this question
Is found we shall have to proceed upo,
more logical grounds and establish har,
and fast lines for the regulation Of cor
1 porations which will permit Of no possibl
I resort by either party to the courts