New-York tribune., 1903-01-07

,ee5 s our ssfetv sssinst others Nobody is afraid
We can capture this fortress easily enough But
lion and It's strength The imperial power of tho
republic which can call halt % The whole wcTid
knight no king. empefoF is hard enough %
nronTie, if bt few ctlriTc or rafroad
I,orations. or fow men however rich or laoweNtI
do II we sfo not stop them in time There is not
ihe least fear that we cannot or that We shan hot
have ' ne syrapethy with any attack on wealth
honoraely seauired and lawfully nseo ,in in GEN ~
eral it is better that they be welded by private
ment They are Necessary 10 national greatness
we cannot maintain our equality among the ns. ma
,i1 Ne nav NAV s Vel be ieaious Of gSnpowder
or dynamite, of steam, or of electricity, or 9i
the power Of gravitation. or the current OF n. NJ
are their masters we are safe and healthy and
great But II is service and not fnas.sTy sest rest
railroad corporation span the continent and slr1ee
1ss Fh IN Ies foTt o than se IT IS the slave Of
ring and that the American people Is tne Alau 10
rerv e TaeT sne ae mounfain Side OF the continent
with The nght Of its furnace res % sI er sne for the
world: hut Il must be content TO be 10 the Amer
ican people in the relation of slave Of the lamp
What Is called Socialism, Mr.. President will
That also viii be destructive OF the great prin1
Ee Of s and N r oiSiaaae @ the power
Of great corporations The latter can oe ceI
comes too dangerous But general reducing OF
mankind to dead level, such as mus nust ma! nspiIil sn
sustries and wages are fixed by vote at the elec-
,iesfructiTe Of everything which makes life worth
living manhood worth respectne bL9 ieT -, -
socialist whether he be dreamer in some college
hall idle and restless agtatoT fails 9 70 ,fe m
into account important and essential tnlag , N
making his caculation that Is human b,1t r.
Socialism may do for China or Tor turkey pN' -
will never be a Yankee remedy
AGAINST GOVERNMENT OWNERSHIP.
do not think the remedy of the Socialist will
help US. have no belief in the government o%tl
or OF factories save as last and desperate resort
30 which ] sure the American people never
II the government is TO o~-n the. coal. 1t must
.se n nosseesioe of the Manufacture of shoes, Of
woollen cloth. and of cotton: ano on lle ,,, sa,I
59fese 5efu4e ana u tpe On which men are depending
any necessary of life The men VINO ,,e ask .l Ios
right increase Of their wages ana 70 eetTea a
@ -hslr Sonoi11on e,stIo the question of wages and
81 hours and Of convenient conditions VIII pecolie
1potioai power win seek win the support of
the Vageearner on the issue or nxng tner is M
made between skill ana enterprise ano
enuistion. from which everything valuable in
achievement comes, viii be gone ne soclails'f
lust said to take into account essential con
sdeEstion that is human natuTe I of he aSnse Of
which we complain, and that is the obstruction u
Attorney General Knox well says in his late
speech al Pittsburg: IF Congress under ITS
" destroy combination and forfeit ITS proneII! p
n interstate trsnsi as the t p 5cI in he ex
ercse Of the game power deny 70 conolllaI - LOT 81
sng in Interstate commerce except upon such terms
Congress may prescribe TO protect fnat eoIl5
operate directly upon commerce and only indirectly
7Ipon the instrumentaiites and operations OF pro-
] an glad that the opinion have long enter, 7:
fortified by SO high an authority
The power q consress TO pass The present s m @ nls
language have just quoted from the Attorney
Generals speech
THE BILL ONLY A STEP.
The bill have drawn Is an exceedingly imper-
the opinion entertained when the present law was
snT tan e oe aep in legislation az lime and
then waiting for the exposition Of ne eoarfs s ae
of th govsTnment what is practicable ano what tt
lsN commonly called. the Sherman Antitrust
law vas fashioned. 49,,
way. II is sentative and experimental ! think
81 is entirely safe OF course, new views on some
selves II viii undoubtedly require rnodihca ton
and Improvement. But it is all / have to ofer
II depends for it's constitutionality and its ac-
eornpiishment upon one simple consideration which
] think enables il TO steer clear Of the constitn-
1iona difficulties and perpuiexities when nave SUI
Natural persons have their CONSTITUTIONS ,i TlsnIs
ways ca pable ot the most exact definition between
zion The courts have held that the Fact that an
n 7ifl be sold from one State 10 another. or be
transported from another, that IL is
2a n ae s5see not sS f make TSo & % anure nG or the
sale part of interstate commerce and SO subject
POSE It is wei settled that every State country
if~e csS g cTpersdos or G' Joint stock com
penies. who ordinarily carry on business Nithout
debts may engage in business within their lCris-
diction The corporation created by one stsIe
heids property or carries on commerce IN another
State merely by comfy No State in general can
which II does not impose on its own. But IL may
require Of that foreign corporation O.. any reason m
oure II to have an agency which shall accept ser
,sl "a resxs age and to epotis aftaeed properly
where IL can be reached by State process for Sc,
oubi that csgress ipcse Spe,n t,oe eorPers;t +
49, a. Os ss an ressona,e as ccrdition for its
being permitted 30 engage in commerce with for-
eign nations and among the several States at all
That is the theory upon which this proposed legs-
lstion Is based
THE POWER OF CONGRESS
Seagss can refuse to PERM; any 4;6
oearneTce y may @ reseFFe the pger 70 of create
seen Sot oS - IIe l i a ree1;iate and con-
trol the instrumentalities Of commerce. This bill
,oD DesS as are fssr m te aft su| of ali vel
ordered ststes-reauirng proper returns sh0"1rs w
cuirins the prohibition of watered stock requiring
that the stock shall be paid in full in cash: the
prohibition Of oppression of citizenship or rivals
The subjection OF officers and OF members 10 per
.onsl liability absolutely. or prescribed condi-
lions are familiar examples of legislative action
30 man can charge this proposed legislation with
being oppressive unreasonable. as CONCEIVE
without setting himself against the legislative
rlrecede-1ts in every in the American Union
II this bill shall become law and prove enec-
Tive. no corporation engaging in the commerce
which is within the jurisdiction Of Congress can
keep ifs condition a secret No such corporation
can DO business on fictitious capital watered
stock. No corporation can oppress any rival