Bisbee daily review., 1908-07-29
TAFT ACCEPTS TIE NOMINATION
tContinued from First Page

kSonunued n AIR. RoosEYELTs PROPOSED CIAs- LEGATION.
 With such classification In view, Mir i to the antitrust law known as inc Hep burn bill which provided for voluntary classification and created a strong mo from PToseeStons sssiot for fsnins reasonab mb%SnIg r straints of interstate trade to an cor porations which would register and sub init themselves to the publicity regula- tions of the Department Of Commerce and Labor.
 THE DEMOCRATIC PROPOSED CLASSIFICATION. ] The Democratic platform suggests a requirement that corporations in inter- state trade having control of 25 per cent of the products in which they deal shall tion would probably include a great many small corporations engaged in the manufacture of special article or commodities whose total value is 50 in considerable that they are not really within the puryieW or real evil of the Ianti-trust law, It is not necessary | however, to discuss the relative merits tof such a proposition. but 1t is enough merely to affirm the necessity for such method by which greater executive SUI lpervision can be given to the federal government over these businesses from which there is temptation to visit violations of the antitrust law CONSTRUCTION OF ANTITRUST
 LAW.
 The possible operation of the anti-trusg flaw under existing rulings of the su- preme court has given rise to suggestions ite application to cases which it is believ- ed were never in the contemplation of the lframers of the statute. Take two in- stances; merchant or manufactures iCOverS certain states. wishes to self his business and his good will. and so in to the purchaser not to go in the same business in those states Such a re- lstraint of trade has always been en- forced at common law.
 Again the employees of an interstate railway combine and enter upon a peace. tabie and lawful strike to secure better a restraint of trade or commerce or a iviolation of the rights of the company. Tor of the public. Neither case ought to be a violation of the antitrust law. My own impression is that the supreme ICourt would hold that neither Of these instances are within it's inhibition. but if they are to be so regarded general Legislation amending the law Is neces- lsary.
 DEMOCRATIC PL ANK TO LIMIT l CORPORA ,I%. TO OWNERSHIP?
 TO FIFTEEN PER CENT OF
 THE PLANT AND PRO-
 DUCT FAULTY.
 1 The suggestion of the Democratic plat form that trusts be ended by forbidding
 
 ,l cent of the plant in any line Of manu. fracture, is made without regard to the possibility of enforcement of the real levn in trusts. A corporation controllins f5 or % per cent of the products may by well known methods frequently effect monopoly and stamp out competition in las if it controlled co or 70 per cent thereof.
 ICoAIPULsoRY SALE OF PRODUCTS
 AT FIXED PRICES INIPRACTI-
 
 The proposal to compel every corpor- atiOn to sell its commodities and secure lthe benefit of their operation and the maintenance of the prosperity of the country. of which they are an impor- tant part. which MT. Bryan would eXtir- Ipate and destroy their entire business in order to stamp out the evil which Ithey have practiced.
 ADVANTAGES OF COMBINATIONS
 OF CAPITAL.
 The combination of capital in large plants to manufacture goods with the greatest economy is just as necessary as lthe assembling of the parts Of the ma chine to the economical and more rapid manufacture of what in old times was made by hand. The government should mot interfere with one more than with the other and when such aggrega tiOns !of capital are legitimate and are prop eFiy controlled for they are then the l natural results of modern enterprise and iare beneficial 10 the public.
 In the proper operation of. competition l the public will soon share with the man. iUfacJuTer as the advantages in ecO- nomical operation and lower.
 WHAT IS AN UNLAWFUL TRUST? | When. however. such combinations are but are made merely for the purpose Of controlling the market to maintain drive out competition. the public derives mo benefit and we have a monopoly. There must be some use by the com .pany of the comprehensiVel.- great size nj TE TIr Ia md a ran DF it's output either to coerce persons to buy of it rather than of some other competitor or to cOerce those wbo should Icompete with 1t to give up their Dusi- lness- This must usually, in other words, be shown an element of duress in lthe conduct of it's business toward the customers in the trade and it's cOmpeti- tors before more aggregation of capital or plant becomes an unlawful monopoly. 1t is perfectly conceivable that in the interest of economy Of production ia great number of plants may be legiti- mately assembled under the ownership of one corporation. It is important. therefore. that such large aggregation Oi lcapital and combination should be con ltrolled so that the public may have the IadSantage of reasonable prices and that lthe avenues of enterprise may be kept Iopen to the individual and the smaller lcoTporation wishing to engage in busi- hess
 MERE NORTHAMPTON OF. CAPITAL NOT \ VIOLATION OF ANTI
 TRUST LAW.
 In country like this, where in good times there is an enormous floating lcapital awaiting investment the period ibefOTe which effective competition by IcOnstructOn of new plants can be in ItrOduced into any business is compara- ltively short. rarely exceeding a year, land is usually less even than that. EXISTENCE OF ACTUAL PLANT IS NOT THE REFORM NECESSARY | POTENTIAL COMPETITION.
 Many enterprises have been organized hat rfrsT1f faf Ian or nearly all existing plants in a Iline Of manufacture without regard to ieconomy of production destroys cOmpe- ItiOn. They have most of them gone into bankruptcy. Competition in a prof litabie business will not be affected by the mere aggregation of many existing lcompany thereby affects great economy. lthe benefit of which it shares with the public or takes some illegal method to lavoid competition and 10 peTpetuate a hold on the business
 PROPER TREATMENT OF TRUSTS.
 In law trusts should be restrained with all the efficiency of injunctive pro- lcess and the persons engaged in main taining them should be punished with all ! the severity of criminal prosecution in iorder that the methods pursued in the brought within the law. To destroy them and to eliminate the wealth they represent from the producing capital of the country would entail enormous loss rnyriads of workingmen and women. Such result is wholly unnecessary to ithe accomplishment of the needed re- form and will infiict upon the innocent a far greater punishment than upon the guilty.
 OBSTRUCTIVE POLICY OF DEMO
 CRATIC PLATFORM
 The Democratic platform does not lpropose to destroy the plants of the trusts physically, but 1t proposes to do the same thing in different way The business of this country Is largely de- | ueT1deut UD0u a r,rfterffyp system If tar.