Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1908-04-02

as 10 now THIS law aueCtS cOmDlna-
tons among labor men and farmers,
II the combination has any tendency
to restrict interstate commerce. All
Of these combinations, II and while
existing for and engaged in the promo
ton of innocent and proper purposes,
should be recognized as legal AS
have repeatedly pointed out, this anti
trust law was most unwisely drawn
statute, 1t was perhaps inevitable that
in feeling after the right remedy the
be crude: and 1t was absolutely imper-
alive that some legislation should be
passed to control, in the interest of
the public, the business use of the
enormous aggregations of corporate
wealth that are SO marked feature
of the modern industrial world, But
the present antitrust law. In Its con-
struction and working. has exempli-
fed only too well the kind of legisla-
ton which, under the guise OF being
thoroughgoing, Is drawn up in such
sweeping form as to become either In.
effective or else mischievous.
In the modern industrial world com.
binations are absolutely necessary;
they are necessary among business
men, they are necessary among labor
ing men. they are becoming more and
more necessary among farmers. Some
of these combinations are among the
most powerful of all instruments for
wrongdoing. Others offer the only ef
fective way Of meeting actual business
needs. 1t is mischievous and unwhole.
some to keep upon the statute books
unmodifed a law, like the antitrust
law, which. while in practice only
partially effective against vicious com.
binations, has nevertheless in theory
been construed SO as sweepingly to
prohibit every combination for the
transaction of modern business. Some
real good has resulted from this law
But the time has come when II Is i'm.
perative to modify 1t. Such modiflca.
ton is urgently needed for the sake OF
the business men of the country, for
the sake Of the wageworkers and for
the sake OF the farmers. The con.
gress can not afford to leave II on the
statute books in Its present shape.
Remedies Advised.
II has now become uncertain how
far this law may involve all labor or
fSanizations and farmers organizations,
as well as all business organizations,
in conflict with the law; or, II we Sc
cure literal compliance with the law,
how far it may result In the destruc-
ton Of the organization necessary for
the transaction of modern business,
as we'll as OF labor organizations and
farmerS' organizations, completely
check the wise movement for secur.
ing business cooperation among farm
ers, and put back half century the
progress Of the movement for the
betterment of labor. A bill has been
presented in congress to remedy this
situation. Some such measure as this
bill Is needed in the interest OF all en-.
gagged In the industries which are es.
sential to the countrys well.being.
do not pretend to say the exact shape
that the bill should take, and the sug,
gestions l have to offer are tentative;
and my views would apply equally
to any other measure which would
achieve the desired end. Bearing this
in mind, would suggest, merely ten,
tatively, the following changes in the
law:
The substantive part OF the anti.
trust law should remain as at pres
ent; that Is. every contract in restraint
of trade or commerce among the
several states or with foreign nations
should continue to be declared lille,
gal; provided. however, that some
proper governmental authority (such
as the commissioner of corporations
acting u1der the secretary of com.
merce and labor be allowed to pass
on any such contracts. Probably the
best method OF providing for this
would be to enact that any contract
subject to the prohibition contained
in the antitrust law, into which 1t is
desired to enter, might be filed with
the bureau Of corporations or other ap-
propriate executive body. This would
provide publicity. Within, say, GO
days Of the filing-which period could
be extended by order of the depart
ment whenever for any reason 1t did
not give the department sufficient
time for thorough examination-the
executive department having power
might forbid the contract, which would
then become subject to the provisions
Of the antitrust law, If at all in re-
straint Of trade.
II no such prohibition was issued.
the contract would then only be IL
able to attack on the ground that It
constituted an unreasonable restraint
Of trade. Whenever the period of fl
ing had passed without any such pro-
hibition, the contracts or combinations
could be disapproved or forbidden only
after notice and hearing with a rea-
sonable provision for summary review
on appeal by the courts. Labor or
CARNATIONS, farmers organizations
and other organizations not organized
ioi uipooSS VI piohl, nhouiu VIC al
lowed to register under the law by
giving the location of the head Office
the charter and bylaws, and the
names and addresses of their prfnci
pal officers. In the interest of all these
Observation-Disclosures, labor, and
farmers organizations alike-tbe pres
ent provision permitting the recovery
Of threefold damages should be abol
ished, and as substitute therefor
the right of recovery allowed for
should be only the damages sustained
by the plaintiff and the cost OF suit,
including reasonable attorneys fee
The law should not affect pending
suits; a short statute of limitations