Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1907-12-05


the futility Of endeayoring to put i
stop ID all business combinations
Corporation and labor union alike
have come to stay. Each il properly
managed is a source of good and not
evil. Whenever in either there IS
evil, it should be promptly held to ac-
count: but it should receive hearty
encouragement so long as it is prop
eTly managed.
The antitrust law should not be re-
pealed but it should be made both
more efficient and more in harmony
with actual conditions. 1t should be so
amended as to forbid only the kind OF
comb nation which does harm TO the
general public, such amendment to be
accompanied by, or to be an inciden
of. a grant Of supervisory power t.
the government over these big con-
Germs engaged in interstate business.
This should be accompanied by pro
vision for the compulsory publication
of ACCOUNTS and the subject on o.
books and papers to the inspection o.
the government officials.
Combinations o. KID.
The government must now submit
to irksome and repeated delay before
obtaining a final decision of the courts
upon proceedings instituted, and even
a favorable decree may mean all
empty victory Moreover, to attempt
g co,+-oI +boea oorDorat-oDc NV laT-
suits means to impose upon both the
department of justice and the courts
an impossible burden; it is not feas-
ible to carry on more than a limited
number of such suits. Such law to
be really effective must of course ne
administered by an executive body,
and not merely by means of lawsuits.
Among the points to be aimed at
should be the prohibition of unhealthy
competition, such as by rendering
service at an actual loss for the pur-
pose of crushing out competition, the
prevent on of initiation of capital, and
the prohibition of corporations max.
ing exclusive trade with itself a con-
dition of having any trade with itself.
Reasonable agreements between, or
combinations of, corporal ns should
be permitted, provided they are first
submitted to and approved by some
appropriate government body.
The congress has the power to char
ter corporations to engage in inter
state and foreign commerce, and a
general law can be enacted under the
provisions of which existing corpora
tons could be created
Ample, safe and speedy transporta-
ton facilities are even more neces-
sary than cheap transportation. There
fore, there is need for the investment
of money which will provide for ali
these things while at the same time
securing as far as is possible better
wages and shorter hours for their en-
ployas. Therefore. while there must
be just and reasonable regulation of
rates, we should be the first to pro-
test against any arbitrary and UNI
thinking movement to cut them down
without the fullest and most careful
consideration of all interests con-
cerned and of the actual needs of the
s tuation. Only special body of men
acting for the national government
under authority conferred upon it by
the congress is competent to pass
judgment on such a matter
TIE Currency.
We need a greater elasticity in our
currsnsy; provided, of course. that
we recognize the even greater need
of safe and secure currency. There
must always be the most rigid exam
ination of the national authorities.
Provision should be made for an emer-
gency currency. The emergency issue
should. of course, be made with an
effective guaranty. and upon condi-
tons carefully prescribed by the gov.
eminent. Such emergency issue must
be based on adequate securities ap-
proved by the government. and must
be issued under a heavy tax. This
would permit currency being issued
NACh Nuc ut&hduQ lot II was urgent,
while securing its retirement when
the demand fell of. It is worth inves.
tigating to determine whether officers
and directors of national banks should
ever be allowed to loan to themselves.
Trust companies should be subject to
the same supervision as banks: leg.
islation to this effect should be en-,
acted for the District of Columbia ana
territor, es.
Yet we must also remember that
even the wisest legislation on the sub
ject can only accomplish a certain
amount No legislation can by any
possibility guarantee the business
community against the results OF
speculative folly any more than IT can
guarantee an Individual against the
results of his extravagance.
Revenue.
The income of the nation is in a
most satisfactory condition. For the
six fiscal years ending with the first
OF July last the total expenditures and
revenues Of the national government