The San Francisco call., 1904-12-28
CONTROL OF TRUSTS.

THERE really nothing the discovery that of the
plans submitted by corporation Commissioner Garfield had
been proposed before The suggestion corporations
gagged interstate the should be subjected
Federal charter franchise new,
evidence that the Commissioner intended
coVe The practice OF such corporations seeking New Jersey
West Virginia Kentucky strange thing
present condition of the law The Federal
all such charters by imposing upon
banks erpated by Federal their business make
for the national banks operating
AS the country has undoubtedly beginning pol
OF Federal regulation and control of interstate all
its forms IS well become familiar with will
largely the politics of the future The Supreme Court
affirmation Of the constutona of the interstate
has deposited ample power with Congress and the epedency OF its
demonstrated The method will be the subject of
The the Federal Government franchises
has the advantages OF the possibility of simplicity and One
State under franchise that
There evidence that the States have competed with each other
charters where the obligation imposed ighest the
dictate the conditions the which
royalty from that choose just
winch they 1t do than this 1t
petition in trade wherever that element destroyed by
trust policy
Under the law of California transportation corporation
cannot be raised again except of the granted
through Its Railroad Commission This long suggestive
step the processes that now interest the Federal
The Presidents put subject Congress
and the country, and methods being tased
entirely competent for Federal franchise require that
trust dealing in the of life engaged
meee shall lower its price given point destroy
petition tshal sell at the wherever the market
and shall not its price anywhere without the of pub
lie authority.
In all that has been printed Standard Oil Company
there threads element the of
competition The do this concentrated all the profits
OF the business in the hands OF Mr. Rockefeller and gave him
troll OF large that he easily
transportation system country branch of
business and monopoize newspaper
readers almost daily learn OF the Rockefeller
line OF trade, and there has the Rockefeller
bonare all OF the enterprises of country debating
their methods and controlling will profits
by his control OF prices raped by the destruction competition
il the franchises under which he operates outlawed
er Government be replaced by Federal charter
and bounds around the of his wealth.
spring everywhere and his absorption great
annual accreon of his power divided among
and there will and,
wholesome commercial condition.
10 make such plan the Federal
not 1t constitutional proper statute
uang interstate The power prices at COM
petng until competition destroyed
secretly employed by such railroads give
The rebate for the purpose destroying competition
per who enjoys rebates will have all of the business The
President has said Rebates means that as far
competition has been destroyed by
life If the law compel universally price fixed at one
point destroy competition the operation system becomes
automatic The cannot be lowered secretly
lie IN the things and every buyer everywhere
notice. and enforce the penalty
privilege that enjoyed the point competition
The Presidents remedy legal socialst
30 the suggested remedy the monopoly produced bv
destroying competition These remedies
erty Socialism destruction of property The are
submitted to the judgment of the people between
and between destructive
forces of society.