The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-06-22

be renediod by further legislation, 1T
should be done. Tic fact must he reeog-
nisod however. that, all Federal legisee
It's purpose because pf inhernn, obstacles,
4 and also because Of the cotnteX e,efact e,
Of our governmental system, which, While
1p s spbi ede as a aarsy sHets sd w' Rat
4 sphere BY inete;s and bounds that cannot al
.1tbe trunsgrcssed. 4,
s|trnsts had been the ot-ball or cain
sIpaisn oi.atoiy and the subject Of many
our Repubc;an q a. nay tti sans nns
4 sible way as n business rather than !, q
Political question. saying what It really ali,Y,
! meant, and doing what lay ny us llnlld
\ alton. ..rle principles Upon which the
Eyovsrilt,leht proceeded were stated ,e by me
lRars s in Ills message Of De zen e
After long consideration Congress pa sseds
three nractical statutes: on thSalltll o.
ioO3 an act 70 expe Pc l,ea1-
tEust Mt y. oi, the l4th of sbrta,y 199S
Summaries e, NJ and Labor with q Bureau Of
sNstsmatlc information regarding the or
ganlsatlor and operation Of corporations
tthgaaged AZ inerstate Co, Gomnlerce ana On
Ing the powers Of the Interstate Com
MERGE Commission and OF the courts. 10
,,a With secret rebates In TRANSFORM
by whichgth trusts crush out their small
ei competitors.
The Attorney General has gone on N
trusts by law Fol, their regulations. In
separats suits fourteen OF the. great rall,
roads of tlln country liayo been restrained
BY Injunction from giving illegal rebates
to The favored shippers, who, by means
81 them Wel'e driving out the smaller
meat business OF the country. The beef
trust Was put under Injunction. The
great industry Of the South, we're, inflicted
aud have Abandoned their combination
The Northern Securities Company, which
ship the capital stocks OF the Northern
Pacific and Great Northern Railroads to
end traffic comp ettdon IN the Northwest
&c, expedited an ana bfSought To- d.
speedy and effective conclusion IN the
Supreme Court under the act Of February
attack on the combinations in restraint
of trade and conlmerce-tlie railroad IN
Junction suits the cotton ,t POO cassss te
ties case. The first relates to the mo-
liopoly produced by secure and preferel1-
tial rates for railroad It the
third TO a combination Of Independent
corporations to Fix and maintain extor-
tionate prices for 1neats;tard tho fourth
to corporation organized to merge into
itself the control OF parallel and compel
ing lines of railroad aud to eliminate
composition in their rates of transporI.tta;-
tlon.' Es BE 8fsSfef
The right OF the Interstate Commerce
Commission to compel the production of
books and papers has been esta blishcd by
a suit against the coal carrying roads.
Other suits have been brought and other
Indictments have been found and other
trusts have been driven back within legal
bounds. No investment in lawful BUSH
ness has been jeopardized. no fair and
honest enterprise has been injured; but
1t is certain that wherever the constitu-
tional power Of the national government
reaches, trusts are being practically reg
ulated and curbed within lawful bounds
Ms they never have been before. and the
efficiency and skill OF the national De
partment OF Justice n protection they
never had before against the crushing
effect Of unlawful combinations.
Body Adjourns.
Chairman Root announced the time.
and place Of meeting OF the various COM
Senator Depew presented to the conven-
ton an Invitation from the Louisiana
and the representatives Of the press to
| auen the Exposition at the conclusion of
the convention as the guests Of the I1x-.
! position.
The chairman was requested to appoint
q COMMITTEES to arrange and report upon,
| the linvitaton.ls! & esg. a b
Senator Depew made q brief address,
resolutions was adopted and this COM
mittee was appointed: Senator Depew,
New York.. SENATOR Carter, Montana;
Mr. Parker, OF Missouri The conven-
ton adjuorned at 2:12 until noon to-mor-
row.