The Montgomery advertiser., 1908-03-26
President Sends Special
 Message 10 Congress

dustrial country of the world. I also urge that action be taken along the line of recommendatioDsI have already made concerning injuries in labor dis der should be issued by any court with4 . out notice; and the petition for per- manent injunction upon which such temporary restraining order has been issuing the same within a reasonable time-say. not to exceed a week or thereabouts from the date when the ore der was issued. It Is worth consider popular confidence of impartiality of sentences for contempt if 1t were re- quired that the issue should be decided by another judge than the one issuing the injunction, except where the com tempt is committed in the presence of the court. or in other cases Of urg- ency need of amending the interstate com- merce law and especially the anti-trust law along the lines indicated in my last message. The interstate com merce law should be amended so as to fic agreements subject. to these agree. ments being approved by the Inter state Commerce Commission and pub lished in all of their details- The power to make public and to pass up- on the issuance of all securities here- after issued by railroads doing inter- state commerce business.
 As to Reeeiverships.
 "A law should be passed providing in effect that when a Federal Court de. terfnines tc. yjlace a common carrier or other public utility concern under the control of q receivership, the Attor- ney General should have the right to nominate at least one of the receiver ships: or else in some other way the interests of the stockholders should be kA nNaf zfIa e not be wholly redclivered to the man or men the failure of whose policy may have necessitated the creation of the receivership. Receiverships should be speedily as possible to pay their debts and return them to the prorar own
 "in addition to the recommendation I have already. urged on your attention 1t has now become important that there should be an amendment of the antitrust Jaw because of the uncer- tainty as to how this law affects conn binations among labor men and farm CTS if the combination has anything to restrict interstate commerce. All of these combinations if. and while ex- isting for and engaged in the promo- should be recognized as legal: As I have repeatedly pointed out, this anti trust law was a most unwiseiy oraWn statute; It vas perhaps inevitable that m
 
 first attempts to provide such should be crude: and 1t VAS imperative that some Legislation should be passed to control, in the interest of the public, the business use of enormous aggrega- tions of corporate wealth that are so marked a factor of the modern indus trial world. The antt.~ust law, in It's construction and working, has exempn. legislation, which under the guise Of being thorough-going. Is drawn up In such sweeping form as to become either ineffective or else mlschlevous.
 Combinations Necessary.
 "In the modern industrial w0rid, combinations are absolutely necessary, they are necessary among Duslness nisn, among iaboring' they are oscom- {. farmers. Some of these complications are at the most powerful of all instru- ments for wrong doing. Others offer sns ss 0py SG.ssss SsesiSs SseSs May i1 ous and unwh oiesome to keep upon the statute books unmodihed, a law ike the antitrust law. which while In ppEainst pTsisass v,CioSs cn,S scsomlasioHs has nsverth eless sn theory been construed so as sweepingly to prohibit raliroaa resulted from this law. But the time has come when it is imperative to modify it. Such modiicat.on is urg- entity needed TOT the sake oL Ino sake of the wage workers and for the sake Of the farmers. The congress can not afford 1t on the staute books In it's present shape.
 Tt has now become uncertain now far this law may involve all labor ore ganlzations and farmers orginizations, as well as all business organisations in conflict with the law, If we secure literal comnlihfce with the law, how far 1t may result In the destruction of organizations necessary for the trane- action of modern business, az well as of all labor organizations and farmers organizations, completely check the