The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1905-12-22

foreign commerce standing and
recognition under a Federal act. II
may be accomplished either by a
license 10 engage in such commerce
or hya charter granted BY the Fed
eral Government. Under either
form Congress should provide all
requirements necessary to insure
publicity and honesty in promotion
organization. capitalization, and
conduct Of the corporation. resery,
ing 10 the Government the right oi
inspection Of the books Of such corr
poration and the further riglt-the
most important Of all to stop tne
operations Of such corporation 4 II
become yiolator OF the Federal
statutes, at all times preserving TO
the corporation and its stockholders
the right Of judicial appeal against
The improper exercise Of cNecntiye
AUTHORITY.
"rhe wears work upon the inFes-
tigation Of special industries and
particular corporations ha. strengths
ened mis- conviction that no PER
manent remedy for existing indus ),
trial evils can be expected unlll
ConDre-. exercises morc fully rs
power of affirmative action under
fhe commerce clause Of The constl-
tuition. No fact q industry is i?oree
Obvious than that modern business
has ontarown ani wholly disregards
State lines. and that the jurisdiction
Of single States. as applied 70 the
operations ii great Interstate
business. are futile and even harm
FIJI. 4 clo.e STUDY Of the method
Of organization and operation OF the
greater industrial corporations, their
relation 10 transportation companies,
both rail and water. their methods
Of competition, the extension Of
their business throughout the many
States. and the sale Of their COM
modities throughout the world
proves that they have actually gone
beyond the possibility of proper sup
ervision or control BY the single
State which gave them corporate
existence. Their relation to the
transportation companies alone i a
sufficient reason for bringing them
under Federal legislation.
"The power of Congress to regu-
late interstate commerce heing
plenary. that body mas determine 70
What extent it win first exerelse v
power. The transportation com
panies most clearly Mould come
within the terms OF ,a.h a measure J
and with them should he joined me
greater corporations engaged IN me
production. manuiaeHre and dis-
| trihution of those Staples which a.
! feel the lives OF the people 81 inns
country. and the monopolizotlon Of
which will neccssar result IN
hardship and iniustiu. 10 The indi-
| yidual. Such law + not an IN
| yasion Of individual liberty y right;
is not an effort 10 hay" The Govern,
ment do that which ihc Individual
could best do. and would not in It's
effect. destroy individual enterprise
III. .Lo noss;i,;l;tv az ;rdiyi,htal srlc-
cess. 1t would afford equality OF
| opportunity, not equality in results.
ut is universally recognized that
the great highways Of commerce
should be open TO AT upon equal
terms. 1t is likewise true TINT the
| opportunities for the individual to
engage in industrial enterprise
should be equally free. The midi
vdual is not strong enough orlinar-
liz 10 protect himself against i great
corporation. H. can he secure in
his rights only under a law which
subjects the corporation to rqellla-
ton by Government who's iuris-
diction IS broad enough and whose
power i great cnou@h 10 compel
obedience. Sucb law would les
sen The possibilities &c unfair and
dishonest competition Under uch
law the questions Of The reason
ablenc,s % combination, OF con-
.piracia. in restrain VI trade. of