The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1908-12-08
IiroeS egiS z to Safe
nad the Workers
the Country
THE TRUST LAW
Is Attac ed President
Who Is That Sherman
Act BE amended:


sTslle, II lanC "a. tie1nttlng OF the nation
at the srresFit time g excellent, and
the hnahcial mana eipent OF the ma
tons inteft by government dur
in;g the last seE en- y ears has shown the
most s1itIstactorE results- But our
clSrenSy system 4 Imperfect and. Il
Is earnestly . be hoped that the cur
reney comm on VI be able TO pro-
nose q fhoran ms asc1d system which
vgIll.tlp away IN the existing detects
During the eric q from July 1, 1901,
70 sent. so 1905 ere has Been d net
surplus OF aeaE5 one hundred millions
OF receipts o. dItnres, a reduc-
don OF the inter bearing debt by
ninety millions. "a spite fcthe extraor
binary eSpen soE t1e Paualna canal
and d soyIr 81 nearly nine millions
on the annual intere .cllnrSe. This IS
an exceedingly Ills factory showing,
There has been q reduction Of TAXA.
tIon.
cdFperatte6s.
As res=Eris. xha esresit corpora tons en-
gagged IN Interstate business and esp9T
cfalIy the ralir0dtIs, can only repeat
what / have a lIead e again aud again
said in my messages TO the congress,
believe tllnt under the interstate
clause OF the c0ffstitutlon the United
States has conf letc and paramount
right 70 control an ageneies OF inter,
state eoumerlse aud 2 believe TINT the
national gOTeFlnfeHt alone can cXer-
else this right with wisdom and ef.
ieefiveness 20 Us both fp secure 5n7ttce
from ana 10 do justice to the great
corporaff0ns which are the most I'M.
Dorfdnt factors IL modem business
believe that Il IS worse than folly to
attempt 10 prohibit all combinations,
as Is done by the Shern1an anti-TuSt
law, because ssieh Al law can be en-.
forced Only igapeFfeetls and unequai-.
b, aud Its cnfprcelneut. works almost
as much haptishiIt as good. strongly
advOcate flint sod OF an unwlse
effort to prohIloir All comblna lions there
shall be substituted n law which shall
expressly permit combinations which
are in the interest OF the public, but
shall at the same time give TO some
agency Of the national government full
power OG control and supervision over
them. One OF tho chief features Of
this control should be securing entire
implicitly In all matters which tho pub
lie has Il right to Enow and, further
more. the power. not by judicial, but
by executive, action to prevent or put
voritism or other wrOngdoiItS.
Tie railways of the country should
he out completely under the interstate
commerce commission and removed
from the domain OF the antitrust law,
The. power OF the commission should
he made thoronghgoing, SO that 1t
could exercise complete supervision
and control over tile issue OF securities
as well ms over the raising and lower
lug OF rates. As regards rates, at least
this power should be summary. Pow
er 20 make combinations, md trnthC
agreements should he explicitly con
ferred upon the railroads, the permits
sion of the commission being drst
gained and the combination or agree
,nlent being published in all its de-
tails The interests of the Sharcnold'
era, OF Iar employees and of the ship
pers should an be guarded as against
one another. To give any one of them
undue and Improper consideration ls
to do Injustice to The others Rates
must be made as low as Is compatible
with giving proper returns to all the
,,nlnloyees Of the railroad, from the
highest to the lowest, and proper re-
turns TO the shareholders, hut they
must not, for instance, be reduced in
such fashion as to necessitatc cut
in the wages OF the employees or the
abolition Of the proper and legitimate
profits of honest shareholders.
Telegraph and telephone companies
anGnged III interstate business should
be put under the jurisdiction of the Ia
tGrstnte commerce commission.
Ample Rewards For intelligence.
1t is to the interest of all OF us that
there should be a premium put upon
individual initiative and individual ca
pacfty and an ample reward for the
great directing intellIgences alone com
petent to manage the great business
operations OF today. It Is well to Keep
In mind thut exactly as the anarchist
Is the worst enemy OF liberty and tho
rpss,tiolIary the worst enemy OF order
so the men who defend the rights of
property hnve most to fenr from the
vronRdoers OF great wealth, and tho
men who are champiOnlng popular
rights have most to fear from the
tlema SoEues Who In the name OF popu'
lar rights would do wrong to and opr
press honest business men, honest men
Of wealth, for the success of either
tSS8e of wrongdoer necessarily Eyites
a Violent reaction against the cause
tho rrOuRdoer nomlnully uphOlds.
Tho opposition to government con
troll of these great corporations makes
sCoItlnued on page 81