The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1907-12-06
Control OF tuterstHte
business Concerns Urged.

Moreover. in my Judgment there should
uo additional legislation IuuNuE t0 tuo
proper control of the great business con.
Gems engaged iu iut,rstaf, business. this
control TO Doe exercised fHr fN,Ir own
benefit and prosperity uu Iraa THAN fHr
tIn protection % Investors and % che
general public. As D have repeatedly
said Doc messages a. congress- and risu-
where. experience has definitely shown
not merely thu uuvIsdum but tHr lUlty
pf uudvlFuriur to- put stop TO ul bust.
ness combinations Modern Industrial
conditions urv such that combination is
NOT only necessary but inevitable. 10 BE-
su Doe tine world uf business just us Do is
800 Boo the world of labor and BE- DEL Hs idle
fu desire to put 600 end Goo uN corpora.
lions. tu ul big combinations 90 capital
AH 20 uUalr" Co put 1000 end Goo tHmHIuI.
lions 90 labor Corporation and labor
union alike have come Co siuy Each 10
properly managed De- "a source uf good
Iud not evil Whenever Doc either there
.a evil. u should bU promptly held 60 ur.
count but 10 should receive hearty enc
ruurHErmuut 30 long uH 10 ia properly
managed. 10 Us profoundly Immoral Co
] put or Keep on tho statute books u law.
uumluuIy lu tho Interest o. public moral.
] IiN. that really puts premium upon
/ public immortality, hy undertaking 20
[ forbid honest men from doing what must
l ur DOM under modern business coudI-
.
| iuH own inffaptlun must boz the condition
precedent upon business success. 10 aim
l at the accomplishment 0f too much uau-
| ally means the Accomplishment OF too lIt-
/ dc. ana often the doing u positive dam
/ age.
'"rho antitrust law should not be re-.
| pcalod; but Il should be made both more
efficient and more In harmony with act
| ual conditions. II should be- NO amended
aH 90 forbid only the Kind Of combination
| which does harm TO the general public
| such amendment Co be- accompanied by,
/ Or 20 be uu Incident ~, "a grant ~ su-
| p'ryisDry power Co tho government over
| these biz corporations engaged IN inter-
[ state business This should be- accom-
] panied hy provision Cor tho compulsory
] publication uf accounts ami tHr aublur-
/ ton of books and papers Go thc iuspoc-
I ton NJ the government officials 4 boz
ginning has already been made fur such
supervision by the establishment OF tho
/ bureau uf corporations
"TNo antitrust law SHOULD not prohibit
/ combinations That du no Injustice 90 tho
] public. Hull lass thoH. the existence Of
/ which 81 ON the whole OF benefit 20 the
] public hut even u this feature of Dc
law Iorr abolished. There would rcmhin
ls an equally Objectionable feature the
/ dInculty and delay now Incident 10 It's
| enforcement The government must now
! submit 90 lrkHume ana repeated delays
/ before obtaining final decision of the
courts upon proceedings instituted ana
even favorable decree may nftnn nm
empty victory. Moreover. 10 attempt 60
] control these corporations BY lawsuits
| means 60 Impose upon both the DEPART
| mcnt Of Justice and The courts an Ina
possible burden. Il Is not feasible 10 carry
ON more than "a limited number OF such
suits Such law 10 D. really effective
must Of course be administered by an
l executive body, and not merely by means
% tawruita. THE destNn should b- "a
prevent tho ahuHeH inollcnt 10 tho croa.
ton or unhealthy and Improper combnn-
In existence ana then attempting to de.
stroy them by civil Of criminal proceed
! lngu.