Daily press. [volume] (Newport News, Va.) 1896-current, 1907-12-04

The oniy question is as tn what gov
crnnent;i body can ;uost wisely excr.
else Ii. The courts will determine the
limits within witch the federal author
ity Gun exercise Il, aad there vii! stlll
remain ample work within each state
Tor the railway commission of that
state. and The national Interstate com.
mercc commission will work In har-
mony with the several state commits
Sons. each within It's own province. 10
achieve The desired end.
Tho Antitrust Law
Moreover In my Judgment. tlicrc
should be additional legislation looking
10 the proper control Of the great busl-
ness concerns engaged iu Interstate
business. this control 10 be exercised
for their own benefit ami prosperity
no less than FOR the protection of In
vcstorS and OF the general public. AS
have repeatedly said In messages TO
congress and elsewhere. experience has
definitely shown not merely the uuwls-
dom, hu, the tutilily of cnleavoging 10
put u stop 60 All business combinations.
Modern industrial conditions are such
that combination IS not only necessary.
bUi inevitable. Il is so in the world OF
business just us II Is so IN the world
OF labor, ANA it iaas illc to desire to put
IN end 10 all corporations. to all big
combinations of capital. MS TO desire TO
put an end to combinations of labor.
Corporation and labor union alike have
come 10 stay. Each II property man
aged !s Il source of good and not evil.
lt-hnt,nk.nr In NIL Is. a.,
should be promptly held To account.
but II should receive hearty encourage
rient so long us II IS properly managed.
Ii IL profoundly immoral 10 put or
keep on the statute books n law nomi
nally in the interest OF public morality
that really puts II premium upon pub.
lie immortality by undertaking 10 for
bid honest mon from doing what mus,
he done under modern business condi-
;ions so that the law itself provides
that It's own infraction must be the
condition precedent upon business sue
cess. TO aim 1T the accomplishment
Of too much usually means the accom-.
plishncnt OF too little and often the do.
ing of positive damage,
Net Repeal but Amendment.
The antitrust law should not be re-
acaled hut IL should lie made both
more Efficient and more ia harmony
with actual conditions. 1t should be
az oo,,,h,n.,,tor ,.,,,,,, nao,. -, ., ,,,a
.,onornI ,',,,,,i,. s,,"t .,,,n,,i,"',,t ~
scco,,,n,,i.d ,'r ~, e., ,,n .,' ;mai',a,.. 10
y grant of supervisory power 10 the
Government eyer those hi- CONFORMS
nr,,,,rnn IN ,ptorst,to hrsinoss ,rh,s
sbori,i mo accommodated hr ,,,.o,,sin,
ro, tl,o c,,,,r,,,r,,,, ,,,,in,ns,,e,, or 49,
connt; on,I t,.. ,.rh,,.r,io,, ne ho,,.s M,
pnners 70 tl,r ,nsncctjon Of ,I,c 80.
ernmcnt on,ci.ls a bncinnIn,, has ~.
,cndy hoon p,ndc for sucb sunory,s,or
by the estnllishmcnt Of tho hnra,m Of
corporntions
The antitrust law should not nrobib,t
combinations that do no Injustice 70
the public. still less those the existence
of Which is on The whole Of benefit
TO the public. But even IL this feature
Of the law were abolished there would
remain ms an equally objectionable fca.
turc the difficulty and delay now Incl
dent to its enforcement The govern
ment must now submit TO irLsome and
repeated delay before Obtaining final
decision OF the courts upon proceedings
instituted. and even Il favorable de
cree may mcnii an empty victory
Moreover TO attempt TO control these
corporatcns by lawsuits means 10 i'm
rose upon both the department OF
justice and tie courts mn Impossible
burden. II is not feasible to carry on