New-York tribune., 1907-08-20

IN u
IS t-ns+s where they consisted Of several COM
I SEE L =, partnerships united by a contract in
psnles of trade has been gratifying. In the
! sta ,tose who have made themselves into
l se o-o~affan . their restraint is more difficult.
l sre co-It,-ae enormous labor the part OF the
| = IA-1aTt 10 prosecute such a combination be-
l ~ r~oof Of the gist Of the offence lies
I ause -, an almost lirnflesS variety of trans
/ sndeLi In the outset is can be very much more
sfioIs,.-sa5 lv q bill ia equity than in a Grim
/ as--.-7secrtion and the questions OF law arls-
l nal - J., mare quickly settled When the law
Ie l.-S.-a6 l.-I. So that the corporation understands
| oeIl -4,a limits upon its action, and II then
szac1.sr f-s previous Illegal methods. nothing but
l TGrsue97 ,7-1seclItion ought 10 be resorteG TO.
FAILURE To IAIPRISON-
/ -, SC continually asking why some of
Mr sgsrs -, Of unlawful trusts have not been
te te-ir-ed and sent TO the penitentiary- sym
qhize with him in his wish that this may be
/ flniIS IS.s,,ea I think that the Imprisonment Of
/ tnS .,,-o would have q most healthy effect
! asgbort the country, but even without such
| s1-sanTneut I believe that the prosecutions
Siit, &c now on foot and the injunctiOns which
/ snLo- -.Irea7x been issued have had marked ef-
/ s sAse q q Ir1siTess methods one reason for the
/ ieVNr -rr,,ber Of sentences OF Imprisonment in
snaH -e.7,+i0rs is that the revelations of un-
tTuss +r-,st methods and dishonesty have been
] AHts Assr made known in secret reDates. and. as
cllel i,- said. the Elkns act. until amended
b. 90 nil only prescribed fines a mode
| y -r-,ris!ment IN such cases.
TRIES HESITATE TO IAIPRISON.
| ~ 81 Is difficult TO induce juries TO convict
Aga;-- Aga5.ie - q violation OF the antitrust law
= I3.r,Trisonment is TO follow In the case OF
| ~ .-robacco Trust the government declined TO
Le - plea Cf guilty by the individual de-
! scosstar-~ offered condition that only the
lrI-S- NJ q fne be imposed, and the result
- the Jury did not hesitate TO stultify itself
t aNt easing the corporation guilty and acquittinS
| 4r5iyj5 dual defendants. who had personally
tls-i+Fed tls the acts upon which the conviction Of
o,1r-noratio- was based In the early enforce
| Ihe Ihe. II statute which makes unlawful. be-
| H. IT, nj lis evil tendencies, that which in the
Al 1r-~E -sv.ar,~ 1ET-Fa
1 inclined by their verdicts 10 fmprison indi-
LIs-is ~ The course which the government has
-1a6 OF resorting 70 civil processes first and
| FcIs-ifying the meaning OF general statute
! lIh needs definition. Is probably the best
! VII N.-. n pursue As the criminal prosecutions
ooAs n- fsra MANY such prosecutions have now
- hsgI1r). # the violations OF the trust law
- Tontinllec, undoubtedly some shining marks
II - hi1 but the yisor with which these prose-
! eraans have been continued has created an aIx-
| s-r among those engaged in doubtful enter
--sss thai has either driven them out Of the
! irsiness OF made them careful not 10 give oc-
/ easion for further complaint
| BRYAN'S "EXTIRPATION."
| NJ BTyan says: He would extirpate trusts.
- ana branch Il AIr. Bryan'S language IS
-~o-e rhan mere rhetoric and he means TO seize
ne properly, divide il up and sell il in pieces.
su6 disassambe the parts, then l am not IN
fsvor Of his method OF dealing with trusts. De-
csase believe that such large combinations
legitInately conducted greatly add 10 the pros
-e-i-v 81 The country The attitude OF the gov
s-uner1 toward combinations OF capital for the
induction in the cost OF production should be
exactly the same as toward the combinations or
sor for the purpose Of betJering the condi-
a0ns q The WageNorker and OF increasing MS
share Of the Joint profit OF capital and labor
They are both 10 be encouraged in every way
as long as they conduct themselves Nlthln tIle
BE They both WELD enormous power and II
Welded FOR good be Of inestima bic benefit
Their power for eXI when IN the control OF un-
sc-upuious men is such that # Il is to be re-
strained il needs the use OF all the means
which the executive and the courts can law
tsly command ! think il entirely possible, 3y
the rigorous prosecutions OF me IdW dS8lLSt
Illegal combinations and by the equal and Just
e3eTG1iOD CI railways TO prevent a recurrence
q what we have had IN the past ana 10 I07'i al,
within the bounds OF legitimate and usetuI
business al these great corporations
FEDERAL LICENSE OF CORPORATIONS
Mr Bryan's method Of suppressing unlawful
trusts would be 10 require every person, part
nsTship or corporation engaged IN interstate
traffic 10 take out q fedora. Incense. anu ~
withholding such license from Illegal trusts he
Eeuld make them impossible. II Is pTonaD4e
lat z statute embOGying this plan, coulo De
drawn which would stand the test Of the Con-
stuIion. II would. however, have 20 contain
some provision for ultimate judicial deternina-
ton o. those applicants for license VINO Nere
Ti5latinE the antitrust law and thus Involve
fhe same litigation we now have Ih're IS
danger thar its effect would 6e so 10 CLOG tIe
o1SnLe-S OF legitimate interstate lTduT LA
a1ar i had been tried for q snort time me
re0lie Of h. country would regard II IS aux utIA
some and demand its repeal l. Is mp y tai4I
that In ravy legislation 10 stamp out evils We
should not SO annoy the law-anidlng IN the
comH.unitv as 70 lose their sympathy IA the re-
form The plan has The approval OF Nj. tTarneIu
and others I .rzS at first inclined TO ihlIk IhtI
This Eas . practical method, but IuIler consul
Grafton. for the reasons given. makes me uOUoC
The decision Of the supreme court tAat - -
po-atior cannot refuse 10 disclose facts Whlch
vii crin.iuate itself. makes less important the
s6vaulage which the license system was sup
posed TO furnish in keeping the business OF .
corporation under observation ChllI ~ -
clearer than ar E3resent that The evils or un!a"-
ful combinations cannot be suppressed wllhouI
TIED. d stems 10 ''-e' S''-i q '''
EVIL OF SWOLLEN FORTUNES.
One Of the results OF the conditions and evils
which / have been describing has been lhe CON
oentration of enormous wealth in the nafoS OF
g few men 7 90 not mean 10 say that al the
large fortunes are 70 be traced 10 una u u
means but il is cutie clear that many OF those
described as swollen are due 10 rebates, or TO
some form Of unlawful monopoly. or 10 over
capitalization. OF course. great enter IFIs'1s OF
gained and managed by men OF tranSceL''eIt -
ability should result in great pront 10 tilei". -
A proper compensation when they snare VIZ.
TIE people the profit from the economies &c
Iaey introduce in the business Dy reouCl5lS 20
4pe The captains OF legitimate lhCuStty,
tseref0re. are entitled TO large reward ana II ls
impossible 10 impose d fixed limitation upo '-i'
amount which they may accumulate
REMEDY NOT sOCIALIsTIC-
On the other hand il is not safe for the body
Polite that the power arising from the HiaI@ls
neut q enormous or swollen fortunes shouio
be continued from generation 10 generation , "a "a
Tie hands II a few. and efforts by law, WHICH which
sTe not coLtiscatory, TO divide IheSe ioL .E4lo G
and 10 reduce the motive fer accunnulatlhg ~ IhSIh
are proper and statesrnanlike and Nlthou' - rtlo
Slightest SAVIOR Of socialism or ANARCHY -
hw of r,-iro,ge77ft,Ira was abolished in states
Ehere il had been adopted merely Tor the Pun =
pose Of securing a division Of the land among
he children OF the man who owned the LdLu @
Many OF The provisions OF our public land laws
are drawn TO discourage the union OF ,I iaIs1
tracts IN one ownership and 10 encourage sLIdli
holdings
BEST REMEDY STATE LEGISLATION