The St. Lucie County tribune. (Fort Pierce, St. Lucie County, Fla.) 1905-1920, 1907-12-06

should be TO prevent tho ohusos ,o,
u ,,' 10 the creation of unhealthy and
Improper combinations instead of walt.
li's until they are In existence ana
une, attempting to destroy them by
e''' or criminal proceedings
Law Should Be Explicit.
"a combination should not be tolerut.
Ell II 1t abuse the power acquired Inv
combination to the public drtrlmept
NO corporation or association of any
k'nu should he permitted to engage in
foreign or Interstate commerce that IS
FORMED for the purpose Of or whose
operations create Il monopoly or gen.
erol control of the production. sale or
distribution Of any one or more of the
prime necessities of life or articles OF
general use ana necessity. Such com.
blhations are against public policy.
lhey violate the common law. The
doors of the courts are closed TO those
VINO are parties to them. and believe
the congress can close the channels of
Interstate commerce against them for
It's protection. The law should make
It's prohibitions and pcrmissions as
clear and definite as possible. leaving
the least possible room for arbitrary
action or allegation of such action on
the part Of the executive or Of diver.
gent interpretations by the courts.
Among the points to be aimed at
should he the prohibition of unhealthy
competition. such as by rendering serv.
ice at an actual loss for the purpose of
crushing out competition. the proven.
ton of imitation Of capital and the pro.
hibitiOn of corporations making ex.
elusive trade with itself Il condition of
having any trade with itself Reason
able agreements between or combina.
lions Of corporations should he per.
mittcd provided they are first submit.
ted to and approved by some appro-
pirate government body.
Congress- Power.
The congress has the power to char
ter corporations to engage In Interstate
and foreign commerce. and general
law can he enacted under the provi.
sions of which existing corporations
could take out federal charters and
new federal corporations could he ere.
ated An essential provision Of such Il
law should be method Of predeter'
mining by some federal board or COM
mission whether the applicant for a
federal charter was IN association or
within the restrictions of
the federal law. Provision should also
be made for complete publicity IN all
matters affecting the public and com
plete protection to the Investing public
and the shareholders in the matter or
issuing corporate securities. II an III
law Is not deemed advlsa'
BILE. license act for big Interstate cor
might be enacted or Il com
binatlon of the two might be tired
The supervision established might DE
analogous to that now exercised over
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 mohopolls'
tic combinations to crush out competi'
ton.
THE real owners Of corporation
should be compelled to do business III
their own name The right to hold
stock in other corporations should mere
a ftor no denied to interstate corpora
lions, unless Oh approval by the proper
officials, and a prerequisite
TO such approval should be the 'ist'hg
with the government Of all owners ana
stockholders. both 10y the corporation
owning such stock and by the corpora
zion I'm which such stock Is owned
Lessons Of Recent Crisis.
To confer upon the national govern
ment in connection with the aheno.
ment I advocate in the antitrust "w
nower of supervision over big business
norcerns engaged in Interstate COM
,norce would benefit them rs II hus
honefited the national banks. III tnc
recent business crisis 1t Is noteworthy
tbot the institutions which fa'leu "eIe
institutions which were not uhoe, 'n1
.,,norvision and control OF the hatioh"'
aovsrrment. Those which were under
Rational control stood the test
National control of the kind ,' ABOVE "e
odyocoted would be to the Dehen. "
very we'll managed railway. r'', =,
tho standpoint Of the public tne,e 10
the pdd,t,onal tracks. additional
heeu ,,,n ,o and improvements in the &c,
t t%,s n as rapidly as possible, Ample nipple,
TINS and az speedy transportation fa a,r
s s ~" ars even more necessary than
s Ties "t transportation. Therefore there
cheap ,d sor the Investment of money
y, ,s, Ie1 will provide for all these things ~
w ,',,a At tbe same time securing as Tar
whne o :" better wages and shorter
as ID -, amnloyees. Therefore,