Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1907-12-05

managed. Il - profoundly immoral g
put or keen on the statute books Law
ity. that really puts Z. premium upot
BID honest men from doin9 what must b
% that the law itself provides that 90
own tnfractiOn must be the condition
0recedent upon business SUCCESS. TO alm
usually means the accomplishment Of toe
little. and often ti:s doing Of poattive
The antitrust law should not be repeal.
enicient and more IN harmony With e.:
.. 70 forbid only the Kind Of combination
such amendment to b accompanied by
or TO be an tncident Of. . grant Of super
visory. power to the government over
business. This should be accompanied BY
provision for the compulsory publication
OF t accounts and the sub!ection Of books
eminent oflictaIs. 4 beginning has a.
ready been made for such SUPERVISION by
the establishment OF the bureau Of cor
The antitrust law should not prohibit
computations that do no injustice to the
public. still less those the existence OF
when is on the whole OF benefit to the
law were abolished. there would remain
az an equally Objectionable feature the
dlmculty and delay now incident to its
submit to irksome md repeated delay be.
fore obtaining a final decision OF the
svsr upon pr r. instituted. and
e enem .., tavorap,s decree may mean an
empty victory. Moreover, to attempt tn
conlroi these CORPORATIONS by lawsuits
means 70 impose upon both the depart
.ae,n OF S: Justice and the courts an impos-
on more than limited number OF sucn
suits Such a law to be really effective
nn ess 9. course Sl, be administered by an
Of Lawsuits: The design should be to pre-
vent the abuses incident to the creation
~ ~ unneatny and improper combinations.
istence e az dwa aban until they are in ex.
them by civil or criminal proceedings.
combination should not be toler-
co conn - y ABUSE 3, the power acquired by
corporation or association OF any kind
should be permitted to engage in foreign
Or or interstate me commerce that Is formed
c crs ae purpose q. or whose operations
Ine production. sale or distribution Of
e ~ in vne Or more OF the prime necessities
ns s.rs or articles Of general use and
PuDIc policy: they violate the common
law; the doors OF the courts are closed
10 nose who are parties to them. and I
III, Deneve 1ne congress- can close the cham
s ne.s %. OF interstate commerce against them
ior Its protection. The law should make
lts prohibitions and permissions as clear
n nno dssinite AZ possible leaving the beast
aalleeation OF such action, on the part Of
the executive. or of divergent interpreta.
lions by the courts. Among the points
70 oe aimed at should be the prohibition
rendering service at an actual loss for
the purpose OF crushing out competition.
tne prevention OF imitation of capital, and
sL promotion OF corporations MAX
I'M exclusive trade with itself q condi-
tion OF having any trade with itself
reasonable agreements between or COM
0inati0ns Of. corporations should be per-
mitted. provided they are first submitted
government body,
The congress has the power to charter
corporations to engage In interstate and
foreign commerce. and a general law
$780,. can be enacted un-
Chartered ~ Ma der the provisions Of
M. which existing cor
ZION. .poratiOns could take
out federal charters
created An essential provision Of such
q law should be method of predeter-
mining by some federal board or COM
mission or, whether the applicant for fed
oination within the restrictions of the
federal law. Provision should also DO
mad made Tor complete publicity in all mat
protection to the investing public and
the shareholders in the matter Of Issuing
corporate ,securities. II an Incorporation
i law IL not deemed advisable. a license
De enacted: or q combination OF the two
might be tried. The supervision estab-
lshed might be analogous to that now
the antitrust act should be supplement.
ed by specific prohibitions Of the methods
which experience has shown have been
OF most service In enabling monopolistic
combinations to crush out competition
The real owners OF corporation should
be compelled to do business in their own
name. The right to hold stock in other
corporations should hereafter be denied
70 interstate corporations, unless on APP
prevail by the proper government ofKiciais.
and q prerequisite to such approval
should be the listing with the govern
both by the corporation owning such
stock and ny the corporation In which
such stock ID owned
To confer upon the national govern
ment. IN connection with the amend
ment I advocate In the antitrust law,
power OF supervision over big business
concerns engaged in interstate commerce
would benefit them as It has benefited the
crisis II IL noteworthy that the Ynstitu-
lions which failed were institutions which
were not under the supervision and con-
troll OF the national government. Those
which were under national control stood
the test.
National control of the kind above adj
v0cated would be to the benefit OF every
veil. ", az railway From the stand
1itiOnal tracks. additional terminals and
improvements in the actual handling OF
the railroads. and all this az rapidly Is
portation facilities are even more neces-
sary than cheap transportation. There
fore. there e need for the Investment OF
money which viii! provide for all these
a. far as In possible better wages and
shorter hours for their employees. There
FORE. while there must be just and rea-
the first to protest against any arbitrary
and uhthinking movement to cut them
down without the fullest and NOSE care.
ful consideration OF all interests con.
cerned and OF the actual needs OF the
situation. Only q special body Of men
acting for the national government under
authority conferred upon it by the con-
gress 10 competent to pass Judgment on
such matter.
Those who fear. from any reason. the
extension OF federal activity. will do vel
TO study the history not only of the ma
recently enacted. The pure-food law "a,
opposed 30 violently that its passage wal
delayed for q decade: yet II has worked
inspection Law was even more Violently
asseiled: and the same men who now de
nounce the attitude Of the national gov
troll the workings Of interstate common
carrtera and business concerns. then az
serted that we were sdiscrediting ant
running . great American I, industry:
| It has become evident that the grea
benefit the law. confers upon the publ,
In accompanied by an equal benefit to Tn
L foil tnhN t.b.
benefit TO interstate common carriers AM
business concerns from the legislation
advocate would be equally marked
i ago spoke rs fQllQHa of the cnrrencx: