Daily Arizona silver belt., 1907-12-04

analogous to that now exercised over national banks. At least, the antitrust act should be supplemented by specific prohibitions of the methods which ex- perience has shown have been of most crvice in enabling monopolistic com binations 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 to interstate corporations, unless on ap- ,roval by the proper Government offic- ials, and perquisite to such approval should be the listing with the govern ment of all owners and stockholders, both by the corporation owning such stock and by the corporation in which such stock is owned.
 To confer upon the National Gov. ernment, in connection with the amand ment I advocate in the antitrust law, power of supervision over big business concerns engaged in interstate com meroe would benefit them as it has ben efitted the national banks. In the re- cent business crisis it is noteworthy that the institutions which failed were not under the supervision and control of the National Government. Those which were under National control stood the test.
 Safety Rather Than Cheapness National conrol of the kind above advocated would be to the benefit of every well-managed railway. From the standpoint of the public there is need ! for additional tracks, additional termin- als, and improvements in the actual handling of the railroads, and all this as rapidly as possible. Ample, safe and speedy transportation facilities are even more necessary than cheap transpor- tation. Therefore there is need for provide for all these things while at the same time securing as far as is possible better wages and shorter hours for their employees. Therefore, while there must be just and reasonable reg ulation of rates, we should be the first to protest against any arbitrary and minimizing movement to cut them down without the fullest and most careful consideration of all interests concerned and of the actual needs of the situa- tion Only special body of men acting for the National Government under authority conferred upon it by the Congress is competent to pass judg- ment on such matter.
 Those who fear, from any reason the extension of Federal activity will do well to study the history not only of the national banking act but of the pure food law, and notably the meat inspection law recently enacted The pure food law was opposed so violently that its passage was delayed for de cade; yet it has worked unmixed and immediate good. The meat inspection law was even more violently assailed; and the same men who now denounce the attitude of the National Govern ment in seeking to oversee and control the workings of interstate common car riers and business concerns, then as serted that we were diserediting and ruining great American indlstry. Two years have not elapsed. and al ready it has become evident that tho great benefit the law confers upon tn, public is accompanied by an equal ben eft to the reputable packing establish ments. The latter are better off under the law than they were without it. The benefit to interstate common carrier, and business concerns from the legis
 lation l advocate would be equally marked.