Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-12-04

ulliltdllilA anu Improper tbiitbiiih~
tions, misleading of waiting until they
are in existence and then attempting
to destroy them by civil or criminal
proceedings.
A combination should not be tole-
rated II IL abuse the power acquired
by combination to the public detri-
ment. No corporation or association
Of n kind should be permitted to
engage In foreign or interstate com
merce that is formed for the pur-
pose OF. or whose operations create, a
monopoly or general control or he
production, sale, or distribution Of
any one or more of the prime neccs-
stiles OF life or articles OF general use
and necessity. Such combinations are
against public policy, they violate the
common law. the doors of the courts
are closed to those who are parties
to them, and 1 believe the congress
can close the channels Of interstate
commerce against them for It's protect
ion. The law should make its prohibi-
lions and permissions as clear n deli
mite as possible. leaving the least posi-
bile room for arbitrary action or allega-
tion Of such action. on the part of the
executive. or Of divergent intcrpreta-
lions by the courts. Among The points
to be aimed at should be the prohibit
ton of unhealthy competition. such
as by rendering service at an actual
ltlN~ ANi AlAi Hhi lftFi VI ~ u"AAlAAk tttA
competition. the prevention of india
ton OF capital, and the prohibition
Of a corporations making exclusive
trade with itself a condition OF having
any trade Wrh itself. Reasonable
agreements between. or combinations
of. corporations should be permitted,
provided they are first submitted to
and approved by some appropriate
government body
The congress has the power to
charter corporations to engagc In in
terstate and foreign commerce, and
a general law can be enacted under
the provisions Of which existing or
porations could take out federal char
ters and new federal corporations
vision of such a aw should be a
method Of predetermining by some
federal board or commission whether
the applicant for a federal charter
was an association or combination
within the restrictions of the federal
law. Provision should also be made
for complete publicity in all matters
affecting the public and complete pro-
lection to the investing public and the
shareholders in the matter of issuing
corporate securities. II an incOrpl-
ration law is not deemed advisa Bile.
a license act for big interstate eorpe-
rations might be enacted; OF "A COM
Dlidiifil u Ait lNo iilkilA w AIAE"Ak
supervision established might re
analogous ia that now exercised Owe
national banks. At least, the anti
trust act should be supplemented by
specific prohibitions Of the methods
which experience has shown have
been Of most service In enabling mon
Opolistic combinations TO crush out
competition. The real owners of a
corporation should be compelled TO do
business IN their own name. The
right TO hold stock In other corpora
tons should hereafter be denied 10
interstate corporations, unless on APP
proval by the proper government ofti-
cials. and "A prerequisite 10 such APP
proVal should be listing with the gOv-
eminent Of all owners n stockhOld-
ers. both by the corporations owning
such stock and by the corporation In
which such stock is owned.
To confer upon the national gov
eminent, I'm connection with h
amendment | advocate In the anti
trust law, power OF supervision over
big business concerns engaged IN IN
terstate commerce. would benefit
them as II has benefited the national
In the recent business cri-
sis IL is noteworthy that the institu-
which failed were institutions
which were not under the supervis-
ion and control of the national gov
I'll NNNnA WIZ ANNA'A ]
national control stood the test.
National control of the kind above
would be 10 the benefit of
every well-managcd railway. From
the standpoint Of the public there is
need for additional tracks. additional
terminals. and improvements in the
actual handling of the railroads. and
IA this as rapidly as possible. Am
pie, safe, n speedy transportation
are even more necessary
cheap transportation. There
fore. there Is need for the investment
Of money which will provide for all
things while at the same time
securing az far as possible better
wagcs n shorter hours for their en-
ployees. Therefore, while there must
be just and reasonable regulation OF
we should bc the first to pro-
against any arbitrary ~ un-
thinking movement 10 cut them down
the fullest and most careful
consideration Of all interests concern
I'd and of the actual needs OF the sit
Only "A special body Of men
for the national government
under authority conferred upon "a by
he congress is competent 10 pass
Judgment on such "a matter.
Those who fear. from any reason. y
he extension Of federal activity viii
20 well TO study the history not only
If the national banking act but of
he pure-food law. and notably the
neat inspection law recently enacted
rhe pure-food law WAS opposed "a
'iolently that It's passage was delayed
or a decade; yet IL has worked I'M
mixed and immediate good. The /
neat inspection law was Eve more .
'iolently assailcd, and the same men
Who nov denounce the attitude or
he national government in seeking .
@ oversee and control. the workings f,
Il interstate commerce carriers and
business concerns. then asserted that
Va were "~discrcditing ard running q
treat American industry" Two years ,
not elapsed. and already Il has
,ccome evident that the great benefit
h. Law cOnfers upon the public H.
accompanied by an equal benefit 10
reputable packing establishments +,
'he latter are better on under the f,
aw than they were without DO. The 4,
lcuent 20 Interstate common carriers F,
nd business concerns from the leg ,
] advocate would De- equally
q
Pure Food Law Striking {
Example of Wise :