New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-07


who with them make up the body polite There
are many captains of industry many labor
| leaders who realize this. a recent speech by
the president of one of our great railroad sys-
TENS TO the employees of that system contains
sound common sense. II runs in part fol-
lows:
| 1t IS my belief we can better serve each other
When nesting fact to face exchanging views and
realizing from personal contact we serve out one
Serious Observation-Disclosures cannot occur where
personal good will exists and opportunity for per-
In my early business life had experience with
avoid creating a like feeling Of resentment to my
self and the in my charge shood ne
! measure of confidence on the part OF the pubic
ranted by the fairness and good fellowship intend
shall prevail in our relationship. . ,,,.or-
able requests spend the money money OF our company
pect the days Of mistakes disappe airing that
cause for complaint will not continually occur; sim
to better conditions fast as reasonably may be
expected. constantly striving with varying success
there is force at work In the right direction az
which have come among you. asking your good
/ will and encouragement. :,
handled successfully in defiance Of the public VIII
though that o be 0 TSen and
go with it and shape or modify. in measure. us
with loss to myself and the interests in my charge.
Violent prejudice exists toward G9rpoTafe aG Tas
son. more In apprehension and large measure IS
b Ss to tne and G in positions
authority. The eccomphshme 1t OF results by IN.
not the ex PIE letter Of the law he Of The
peeR Of the he 9f foree BY main
strength inactivity result not 1ustlhed, uel
his indicposition to become involved in litigation,
has created sentiment harmful IN the extreme tas
gives gain to the individual at the expense OF the
If corporations are to continue to do the worlds
work. as they are best fitted 10. these quahues IN
enf against them must be relocated to
the background. The corporations must come out
take the public into their confidence and ask for
Explain nhey What Advantages viii
to the public II they are given their desires; Tor
make money solely, but that they may effectively
serv? those from whom they derive their powet
and laws be construed by their intent and not by
and operated by the public which, created them,
even though the service be less efficient ana the
result less satisfactory from a financial stand
point.
The Bureau Of Corporations has made careful
preliminary investigation of many important
corporations. It will make special report on
the beef industry.
The policy Of the bureau is TO accomplish thu
purposes Of it's creation by cooperation. not an
tagonism: by making constructive legislation
not destructive prosecution, the
Bureau Of immediate object OF its inquiries:
CORPORATIONS by conservative investigation of
law and fact, and by refusal TO
issue incomplete and hence necessarily inaccu-
rate reports It's policy being thus of open in
uuiry into and not attack upon, business. the
bureau has been able to gain not only the con-
fdence, but, better still the cooperation OF men
engaged In legitimate business,
The bureau offers to the Congress the means OF
getting at the cost OF production OF our various
great staples of commerce
OF necessity the careful investigation Of
special corporations will afford the commissioner
knowledge of certain business facts the puoIca-
ton of which might be an improper infringe
ment of private rights. The method Of making
public the results of these Investigations affords,
under the law, a means for the protection OF
private rights The Congress will have all facts
except such as would give another corpora
ton information which would injure the leglti-
mate business of a competitor and destroy the
incentive for individual superiority and thrift.
The bureau has also made exhaustive eXamt-
nations into the legal condition under which
corporate business is carried in the various
States, into all judicial decisions the sub
ject and into the various systems of corporate
taxation in use. l call special attention TO the
report of the chief Of the bureau. and 1 earnest
ly ask that the Congress carefully consider the
report and recommendations of the commits
sioner this subject.
The business of insurance vitality affects the
great mass of the people of the United States
and is national and not local in its application.
1t involves a multitude of transac-
Insurance. tons among the people of the differ
ent States and between American
companies and foreign governments. urge that
the Congress carefully consider whether the
power of the Bureau of Corporations cannot
constitutionally be extended cover interstate
transactions in insurance.
Above all else, must strive to keep the
highways of commerce open TO all on equal
terms, and to do this it is necessary to put
complete stop to all rebates. Whether
Rebates. the shipper the railroad is TO blame
makes no difference; the rebate must
be stopped the abuses of the private car
and private terminal track and sidetrack
systems must be stopped, and the legis-
lation of the LVIIIth Congress, which de-
cares 1t to be unlawful for any person or cor
poration offer. grant. give, solicit. accept or
receive any rebate, concession discrimination
in respect of the transportation of any property
in interstate foreign commerce whereby such
property shall by any device whatever be trans
ported at a less rate than that named in the tar
ifs published by the carrier must be enforced
For some time after the enactment of the act to
regulate commerce 1t remained mooted ques-
ton whether that act conferred upon the Inter-
state Commerce Commission the power. after it
had found challenged rate to be unreasonable
TO declare what thereafter should. prima facie.
be the reasonable maximum rate for the trans
portation in dispute. The Supreme Court finally
resolved that question in the negative so that
as the law stands the commission simply
possesses the bare power TO denounce a partic-