Idaho Springs siftings., 1904-11-05
ANTITRUST LAWS.
They Have Been Enforced wherever
Proper Cases Have Been Presented.

There are in the United States over
800 industrial trusts and organized mo
nopalies. Their aggregate authorize
capital amounts 10 S2l. 1854 Bot. sarA
a stupendcus sum as TO make the p.tty
capitalist gasp ia astonishment- But j;
is not al tangible. a good deal Is mera
figures. scratches on paper. Many Of the
companies are playthings for tinancsers
who require toys. others are dummiss
others eonatose affairs. These cprpora-
tions an. born in every State. and STATE
laws are responsible for their CREATION
laws aith which tine national government
has nothing to do. and could not have.
unless ty asurpatiau; bat il daes take a
hand when these concerns undertake ia
terstafe TRANSACTIONS in restraint Of trsic
or foreign commrrrs. Ii Is nofhiaz
against the Republican party that sucI
corporations have a being: their owu
parents. the States that gave them birth
are the parties responsible for the.r
wrong doing In those States No feierAi
court or oficer can enforce the commasl
law Of a State: as FOR the United States
there Is no common law. as Mr.. kooss7
yeit has said. AIr. Parker tskes Issue
with this declaya;ioa aud iismisses II
from his discussion by saying IL 10 5
question mot to be determined by the
President or by a candidate for the pres
iieucy." but by the judiciary. and IL has
been juiicially decided that common laW
principles could be applied in Unite
States courts in Interstate commeres
cases.
There are United States statutes for
such cases. - that Judge Psrk.r's prom
ise 10 favor such further Legislation
within constitutional limitations as vii
best promote and safeguard the Interests
Of the people" Is entirely gratuitous na-
less he mrdiiates repeal Of the Laws
already existing. These laws are os Re
publican creation and safeguard the In
ierests of the people 80 far as State stat
utes wili permit Republican Con
gr-s- passed the sherman antitrust Law
and Republican President approved ],
July >. 1850 ia 1905 a Republican Con
gress passed and Republican President
approved an act expe.iiting antitrust hti,
CATION. In the appropriation bill FOR
1903 was a paragraph providing funds
for prosecuting saeh suits. and the den
cheney bill for the same year authorize
legal aid. The ElSins-Roberfs law. pass
Ell aud spproved ia 1908. bore upon this
trust question and was the work of
hfFtbtfan tFHrfesH ahI ffr-H1fHt
The government has not finnked In "a.
forcing the antitrust laws where a pro
per case could be made out. IL knock "A
the financial sawius, out Of the >ortisepa
Securities Company In ifsB. The MS
souri, beef trus," case in 1895 ended
with heavy fines against the aefcudants
who were fonnd guilty cf violating the
antitrust law. In ito2 the Pres. lent
ordered the prosecution Of certain illinois
packers for violating the Sherman anti
trust statute. and a permanent iulunc-
tlou was the result These antitrust
suits are not the iuSiiee-ofs sths-pesee af-
fairs the Democrats are trying o. make
them out e. b.. The seveFameut mus;
be sure 1t j. right and able 70 carry its
points before II acts. the best ie-1i tss-
ent Of the country is put up against II.
and dsfea; f1r il would iayolve ruinons
Consequences.
wha; he Democrats might do 10 these
trust matters no one not etcn them
selves can guess: they can't do any bet
ter; they are likely to do WORSE