Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1908-02-01

Wants Congress Enact Comprehensive Law Providing Compensation the Government Employees
The Federal Service Remedy Under Present Law Want Commission
Provided With Means Make Physical Valuation Any Road Which Necessary

with the demand for transportation.
But the fundamental idea that these
arilways are public highways must b
recognized, and they must be open
to the whole public upon equal terms
and upon reasonable terms.
Antitrust Law.
In reference to the Sherman anti.
trust law, I repeat the recommends
tions made in, my message at the
opening of the present congress, as
vel as in my message to the previous
congress. The attempt in this law
to provide in sweeping terms against
all combinations of whatever charac.
ter, II technically In restraint of
trade as such restraint has been de-
fined by the courts, must necessarily
be either futile or mischievous, and
sometimes both. The present law
makes some combinations illegal, al
though they may be useful to the
country. On the other hand, as to
some huge combinations which are
both noxious and illegal, even if the
action undertaken against them under
the law by the government is success
| full, the result may be to work but a
minimum benefit to the public. Even
| though the combination be broken UP
and small measure of reform there
| by 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, soa S to prevent stock water,
ing, improper forms OF competition
and, in short, wrongdoing generally
Stock Jobbing and Watered Stock.
| l do not know whether it is pos
sible, but if possible, it is certainly
desirable, that in connection with
measures to restrain stock watering
and decentralization there should
be measures taken to prevent at least
| the grosser forms of gambling in
securities and commodities, such as
making large sales of what men dc
not possess and ''cornering" the mar
ket. Legitimate purchases of com
modities and of stocks and securities
| for investment have no connection
whatever fifth purchases of stock OF
other securities or commodities on q
margin for speculative and gambling
purposes.
:. :. :. :. s & :. :. :. :. :. :. :. :. :. ::
:: There is no moral difference ::
: between gambling at cards or in ::
:. lotteries Or On the race track ::
:. and gambling in the stock mar ::
:. ket. One method is just as per- =:
: nicious to the body polite as the ::
:. other kind, and in degree the I:
:. evil worked is far greater. ::
:: !. :: + :. :. :: = :. :. :. :. :. :. : ::
But it is a far more difficult SUB
ject with which to deal The grea
bulk of the business transacted or
the exchanges is not only legitimat ,
but is necessary to the working of ouI
modern industrial system, and ex
IRENE care would have to be taker
not to interfere with this business
in doing away with the bucket shop
| type of operation.
| Attacks on the Administration.
! The attacks by great corporation.
on the Administrations actions hav
been given a wide circulation
throughout the country, in the news
papers and otherwise, by those writ
ers and speakers, who, consciously o.
unconsciously, act as the representa-
tives of predatory wealth-of the
wealth accumulated on a giant Gals
by all forms of iniquity, rangins
rom the oppression of the wagework
ers to unfair and unwholesome meth
IDS of crushing out competition, ant
to defrauding the public by stoci
iobbing and the manipulation of Sc
curities. Certain wealthy men of thu
stamp, whose conduct should be alb
horrent to every man of ordinarily
lecent conscience, and who con.mi
he hideous wrong of teaching oul
Dung men that phenomenal business
'uccess must ordinarily be based or
shonesty, have during the last few
onths made it apparent that the,
ave banded together to work for !;
| action. Their endeavor is to over
! Continued on page 3D.