The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1907-12-03

atssi A. s~surniisl provision ~ .a~h :
NV .s,outd L. n nsesh..i ~ r.s~,ei~s.
mining ity SON. fssieral ,~~rd az ro,a
miss ~h.iief thc sss.iA-aui FOR =
fe1esaf Tharser MAS an ss~ss,sast~,c ~
~ federal ia~. t'rc,lstoa she.ild Also
- made sw complete putaisi'y IN Al
matters affecting gb~ public snd com
pi~s~ protection io The inv~~ting pnhisc
and The sha rvho,der- ia the matter of
| issuing curynrnse securities. II an IN
cs~,crni law II net deemed advi~a
bile. A ilccu~~ set for big Interstate cor
pwations might ~ ~nact~d or = com
hina'ou o. the two might 10 tried
The su,srv l~son ~~sa hlish~si might b.
analogous 10 that now ~xcrcis~d ever
national i,~nk. Al least the anti
trust art should ir supplemented j.,
specific prohibitions II The methods
which experience hx. shown have t~cn
IT mt~t service In enabling monot.o,i>
tic combinations to crush out comreti
ton
The real owners VI corpotailan
should Ike compelled to do business IN
their nan nAn,e The right to hola
stock In other corpora lions should here
after lie denied 10 Interstate corpora
lions unless on approval by the proper
government offtcals. and prerequisite
to such approval should be the listing
with the government Of all owners and
stockholders. both by the corporation
owning such stock aud by The corpora
ton In which such stock is owned.
Lessons Of Recent Cris's-
! To confer upon the national govern
ncnt in connection with the amend
ment | advocate in The antitrust law
power OF super ision over hig business
concerns engaged IN interstate com
merce would benefit them AS Ii has
benefited The national banks. In the
recent business crisis II Is noteworthy
that the institutions which failed were
institutions which were not under the
supervise ion and control az the uattonHi
government. These MA.tA were under
national control stood the test.
National control of the Kind above
advocated would he to the benefit o"
every we'll au&geli railway. From
the standpoint o. the public there Is
need for additional tracks. additions
terminals aud Improvements In the at
tual handling OF the railroads. ana all
this ms rapidly ms possible Ample
safe and speedy transportation faclll
ties are even more necessary thar
cheat, transportat io,i. Therefore there
II need for the Investment Of money
! which will provide for sll these thing
. while at the same time securing as fa
: AZ Ia possible better wages and shortc
hours for their employees Ihereior<
4 while there must he Just and reasons
! BILE regula ton of rates. we should
3 the first to protest against any aroitF'
n ~ and unthinkinx movement to g
:, them down without the fullest al
d most careful consideration of oil int
! ests concerned and OF the actual nee'
J. Of the situation. Only a special box
n OF men acting for the national COVER
# msut under authority conferred upon
81 the congress- is competent 90 pa,
4 t,1dgmen: d, such II matter.
. 1'Eose who fear from any reason tn
. extension uf Federal activity Will Il
| well to study the history not only o
!. the nations! banking act. but OF tn
pure food law. and notably the mea
inspection law recently enacted The
pure food law WAS opposed SO Violent
" that its passage was delayed Tor =
decade. yet il has worked tnmiXed ana
Immediate good. The meat inspection
law was even more violently assaiicd.
and the same men who now denouhce
the attitude of the national govern
ment IN seeking to oversee and control
the workings Of interstate common ear
riers and business concerns then AZ
serted that We we're "discrediting and
running great American industry
Two lca"S have not elapsed. ana az
ready 70 HAS become evident that the
great bcuca' the Jaw ruufers upon the
public is H,comps uicd 10y an equal ben
eft To- the reputable packing establish
n.nts The latter ARE better on under
the law than Trey Wcre wiiho'iA H.
The leGriiJ ~ d. .et~tatc common ear
r,ers anI lG. iue.~ concerns from me
Legislation { advocate would he equai
~ marked
Pure Foec Law
Incidentally m 90, passage "i the
pure fo.d nav tir action ~ the ,nr'
Gus SAT, iucd Alt dylrl "omtnissio'i
crs .ts ,l m .itlAng iusn'ou how
much eaus, fo. 100, rb'." people r'sl'iS
from .', roHrf, ''prr1i'"u ~ ne
fr,ief ari .tu'r chiri. u ~e'uiirs
"a rfyru ..f.-uO no i7 prnusr,N p" ih'
Iarfiuu .. tt,r. SLATE rmuuiss l"n"tH
thai p. $500 fHD euHftt'"nt - iW~
law f.r lbn H.. ,ssl tIe ls"rl' h'rt
~ tsna..i .F, rHartusiIt aud enf"r'r
ment sf .tt|r H.. vu iNe subject n"d
then tbs vn..tw,rf "f th' fr'lervi .tu
.sltn,ut Nben .Ir state avs we've
largely Tru.t IUr.r Huef D.. flee
rl..s.,f ....... If.'u Uy'or,n fh" ua
tiops. .Ut t.a0, AutrrnHruI, n 30
mfei.itr..e Irtsr laws