Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-31

be useful to the country. On the other
| hand, as to some huge combinations which
are both noxious and Illegal. even II the
action undertaken against them under the
| law by the government is successrui, the
result NAV be to work but a minimum
benefit to the public. Even though tiis
combination be broken up and sInaIl
| measure of reform thereby produced. the
real good aimed at cannot be ootaincu
for such real good can come only py
thorough and continuing supervision over
the acts OF the combination IN all us
parts. so as TO prevent stock watering
improper forms of cOmpetition ana. ~
short. wrongdong generally. ne "a
should correct that portion OF the onsr'
man act which prohibits all COMBINATIONS
OF the character above described. Whe,hei
they be reasonable or unreasonable Du'
this should be done only az part ..
general scheme to provide Tor tnis eHec-
tive and tho-oughgoing supervision os III.
national government of all the OPERATIONS
of the big interstate business concerns
Judge Housh of New York In ms recen'
decision in the Hartman case. states
that Congress possesses the power 10 ii.hll
the Interstate operations or corporations
not complying with federai saies ual l
against the recurrence of obnoxious prac,
tires and to license. those Whica anofu
the public adequate security asaihs
methods calculated to DIMINISH SUI,
vency. and therefore efnciencS anu
economy in interstate transportation. Ire
nudge adds that in these matters the
mower Of Congress IS ample. though as
vet not fruitful in results. II . very
earnestly to be desired that elther along
the lines the Judge Indicates. or in some
other way equally efficacious. the ohsIess
may exercise tie power winch he holds 1t
possesses.
Laws Are Connected.
Superfcially It may seem that the laws
Tho massage of which l herein again ad-
vocate-for | have repeatedly advocated
Them before-are not connected But In
reality they are connected. Each ana
every one of these laws. if enacted.
would represent part of the campaign
against privilege. part or the cahipal u
to max the class Of great properl! ho!u-
ers realize that property has It's duties
no less than its rights. When the courts
guarantee to the employer as lnes
should. the rights of the employer. ana TO
property the rights OF property, thes
should 10 less empila tlcailE make IL eNi-
and from the employer the duties Whlch
should necessarily accompany these
rights and hitherto our laws nave tallsu
in precisely this point of enforclns inc
performance of duty by the man OF
propertv toward the man who WORKS Tor
him, BY the man of great wealth, es-
peciaIly if he uses that wealth IN cor
porate form. toward the investor, the
wageworker and the general puoile.
The permanen failure of the man OF
property to fulfill his oblga,lens "1u ~,
ultimately assure the wrestling from him
Of the privileges which he is entitled TO
eniov only il he recognizes the oDllga-
lions accompanying them lnose VINO as
sumo or snare the responsibility for this
failure are rendering but poor service
hif,,
champion.
| do not know whether it, is possible
but il possible. it is certainly desirable.
that in connection with measures 70 re-
strain stock watering and overca pitalza-
ton there should be measures taken 10
prevent at least the srcsser forms or
gambling in securities and commodities,
such as making large sales of what men
do not possess and 'cornering the mar
ket Legitimate purchases OF common
ties and of stocks and securities for ln@
yestment have no connection whatever
with purchases of stocks or other Sc
curities or commodities on margin for
speculative and gambling purposes.
There is no moral dinerence between
gambling at cards or In lotteries or on the
race track and gambling in the stock
market, One method is just as pernicious
to the body polite as the other in kind.
and in degree the evil worked IS lar
greater. But it is far more difficult sub
of the business transacted on lie ex-
changes is not only legitimate. but is nee
essary to the working of our modern IN
dustrial system and extreme care would
have to be taken not to interfere Wlnn
this business in doing away with the
..bucket shop type of operation We
should study both the successes and the
failures of foreign legislators who, n0ta-
bly, in Germany, have worked along this
line SO as not to do anything harmful.
ta1 I'll a,y1f " in
dealing with this matter by 1.-THE federal
goyernmen Mt in federal republic like ours.
But il it is possible TO devise a way to
deal with it the effort should be made.
even il only in a cautious and tentative
way. Ii would seem that the federal gov
eminent could at least act by forbidding
tile use Of the mails. telegraph and tele-
phone wires for mere gambling in stocks
and futures just as it does in lottery
transactions.
Statements Called Untruthful.
! inclose herewith a statement issued by
the chief of the bureau of corporations
(Appendix II in answer to certain state
ments (Which / also inclose) made by and
on behalf of the agents of the Standard
OH Corporation tAppendix y and a letter
Of the Attorney General tAppendix - con-
tanning an answer 10 certain statements.
Santa Fe Railway Company (Appendix A..
The Standard Oil Corporation and the
railway company have both been found
guilty by the courts Of criminal niscon-
duet: both have been sentenced to pay
heavy fines, and each has issued and pub
lished broadcds these statements. assert
ing their innocence and denouncing as i'm
proper the action Of the courts and juries
in convicting them of guilt. These state
ments are very elaborate, are very in
genious and are untruthful in important
particulars.
LETTER From Mr.. Henry and In
closure.
The following letter and Enclosure from
Mr.. Heney sufficiently illustrate the me-
thod Of the high officials of the Santa Fe
and show the utter falsity of their plea OF
Ignorance the similar plea of the Stand
ard Oil being equally without foundation
DEPARTMENT OF JUSTICE,
Off &C Of the United States Attorney,
District Of Oregon.
Portland January H. 1905.
The President,
Washington. D. &.
Dear MI. President. / understand that
Mr. Ripley of the Atch;son, Topeka and
Santa Fe railway system has commented
with some severity upon your attitude to-
ward the pa yment of rebates hy certain
transcontinental railroads and that nc has
declared that he personally never knew
anything about any rebates being granted
by his road. i inclose you
herewith copy of a letter rom Edward
Chambers general freight traffic man
ager of the .Atchison Topeka and Santa
Fe railway system. to Mr.. G. a. Davidson,