Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1908-02-07

must also assume a certain measure of
r r8iHi!;Ss ov IN t ans h RRyIiiifa! Of S%pf interssa fe
franc. The commission now has author
1ty to establish through routes and isint
effective and in order to promote in times
o. necessity the proper movement or traf-
ne, l think It must also have authority to
determine the conditions upon which cars
shall be ~interchanged between different
that the commission should have author
ny, IN particular instances, to determine
inc sGhedule upon which perishable COM
moolticS shall be moved.
In reference to the Sherman antitrust
in my message at the opening of the
present congress, as well as in my mes
sage to the previous congress. The at
tempt In this law to provide in sweeping
terms against all combinations of what
ever character, il technically in restraint
of trade as suck restraint has been de-
either futile or mischievous, and some
times both. The present law makes some
combinations Illegal, although they may
be useful to the country. On the other
hand. us to some huge combinations which
action undertaken against them under the
law by the government is successful, the
benefit to the public. Even though the
combination be broken up and a small
measure of reform thereby produced, the
real good aimed at can not be obtained,
for such real good can come only by a
thorough and continuing supervision over
the acts of the combination in all its
parts. SO as to prevent stock watering,
improper forms of competition, and, in
short, wrong doing generally: The law
should correct that portion of the Sher-
man act which prohibits all combinations
of the character above described. whether
they be reasonable or unreasonable; but
this should be done only as part of a gem
eral scheme to provide for this effective
national government of all the operations
of the big interstate business concerns.
Campaign Against Privileges.
Specifically it may seem that the laws,
yocate-for 1 have repeatedly advocated
them before-are not connected. But in
reality they are connected. Each and
every one of these laws, if enacted, would
represent part Of the campaign against
privilege, part of the campaign to make
realize that PROPERTY has it. duties no
less than its rights; When the courts
fhe rights 20 Of '9 the e@ emPpioyer as ana 1nsy to sh prop.
no less emphatically make it evident that
the employer the duties which should
necessary accompany these rights; and
this point of enforcing the performance
OF duty by the man of property toward
the man who works for him, by the, man
wealth in corporate form, toward the in
weston, the wagervorker and the general
public. 1h permanent failure of the man
of property TO fulfill his obligations would
Ultimately assure the wrestling from him of
the privileges which he is entitled to enjoy
company.ng them. Those who assume or
share the Responsibility for this failure are
rendering but a poor service to the cause
which they believe they champion.
\ do not know whether it is possible,
but If possible, it is certainly desirable,
that in connection with measures to re-
strain stock watering and overcapitaliza
ton there should be measures taken to
prevent ct least the grosser forms of gam
bling in securities and commodities, such
as making large sales of what men do
not possess and "cornering' the market:
| | act i'm "a ~ rTh CnG IF con m nd ito md
of stocks and securities for investment
have no connection whatever with pur-
commodities on a margin. for speculative
and gambling purpose There is no moral
difference between gambling at cards or
in lotteries or on the race track and gam
bling in the stock market. One method
IS just as perHicious to the body polite
evil worked is far greater. But it is a
far more difficult subject with which to
deal. The great bulk of the business
legitimate, but is necessary to the work
ing OF our modern industrial system, and
not to interfere with this business in doing
away with the bucket shop" type of oper-
alton: 1t wouid seem that the federal
bidding the use of the mails, telegraph
and telephone wires for mere gambling in
stocks and futures, just as it does in
lottery transactions.
Letters Show Trust Methods.
I inclose herewith a statement issued by
! the chief of the bureau of corporations
!, also ~inclose). made by, and on behalf OF
the agents of the Standard Oil corporation
r and a letter of the attorney general con.
! also ineIose D. m Ref1 by the pres s. 10 o.
t t ssaiIWav COMPANY have both bee1
found guilty by the courts of crimina
8 5 m mis- 1aave dp Doth ana hdV eae eee ha sen Issuea an 5f
e published broadcast these statements, as
3 sorting their innocence and denouncing a:
. improper the acton of the courts anc
e juries In convicting them of guilt. These
statements are very elaborate, are very
. q i il gIsFd0nr: and lar ARE foIiowihf 1e II im nod IN.
closure from Mr.. Heney sufficiently illus
trate the methods of the high official!
q sity of their plea of ignorance. the similar
! plea of the Standard Oil being equal,
E N"Department Of Justice office of thu
United States Attorney. DISTRICT of Ore
gon, Portland, Jan Il, 1gos:-The Presi
n dent: ! understand that Mr.. Ripley. o
q the Atchison. Topeka & Santa Fe railwa!
system, has commented with some severit!
of rebates by certain transcontinenta
any rebates being granted by his road
!: inclose you herewith copy o
a letter from Edward Chambers, genera
!: freight traffic manager of the Atchison
Topeka & Santa Fe railway system, t
!: Mr.. q. A. Davidson, auditor Of the sam
: company, dated February 27, 1907.
!: This letter does not deal with interStat
{: shipments. but the constitution of the stat
!: Of California makes the payment Of re
bates by railroads a felony, and Mr.. Rip
: ley has apparently not been above tn
f: commission of crime to secure business
You are at liberty to Use this 1nclosur
8: in amy way that you think 1t can be o
service to yourself or the public.
E: Sincerely, yours,
: Francis ]. Heney."
+: "San Francisco, February q, 1907-Dea
: Sir: L hand you herewith a file of paper
covering the movement of fuel oil shippe
by the Associated Oil company over GU
e Guiding November Is, 1906.
srl I'VE agreed with the Associated o
SIS ~company's negotiations with MIR. Ripley
Mr.. Wells, and myself, that in considera
N ton Of their making US a special prlc
on oil for ompan use, which is GOV
IS cred by a contract, and the further cor
l. sheraton that we would take a certai
"a quantity. they would in turn ship froI
IN Bakersfield over our line to San Frar
4 Der of barrels of fuel oil at rate of IS cent
to per barrel from Bakersfield, exclusive {
&c the switching charge.
n. "These statements cover the moyemer
:. except that they have included Stockton
F.: which is not correct, as 1t is not a ba
(: point and could not be reached as cor
T: veniently by water. We have paid thel
: on account of thism movement 81, 239 whic
should be deducted from the total (
: movement shown in the attached paper
!. Il wish you would arrange to make U
~ to the Associated Oil company down
he the basis of % cents per barrel frOl