The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1908-08-25

when you urge fines you are told that
fines are unjust to innocent Stockhol-
ders. We favor both fine and impris-
onment, but we think it better to pre-
vent m~onopolies than to first author
ize them to prey upon the public and
then try to punish them for doing so.
Mr.. Taft favors control Of trusts in
stead of determination, but after yea s
Of experience the people have learn
ed that the trusts control the govern
ment.
Our platform does not stop with
the enforcement of h law; it dem
ands the enactment of such addition
al legislation as may be necessary to
make it impossible for a private mon
opoly to exist in the United States.
The democratic party does not con-
tent itself with a definition Of h
wrong Or with a denunciation of it.
1t proceeds to outline remedies. The
first is a law preventing a duplication
Of directors among competing corpor-
atoms. No one can object to this rem
edy unless he is in sympathy with the
trusts. There is no easier way of stiff
ling competition than to make one
board of directors serve for a number
of competing corporations. 1t is not
necessary for corporations to enter
into an agreement for the restraint
of trade if the corporations can, with
out violating the law, reach the same
end by electing the same directors.
The second remedy is one upon
which / desire to dwell at some
length. We believe it to be a simple
completes and easily enforced rene
sdy. AS stated in the platform it is:
"a license system which will, with
out ~abridgfng the right of ZACH state
to create corporations, or its right to
regulate as it will foreign corporal
ions doing business within its limits,
make it necessary for a manufactur-
ing Or trading corporation engaged in
interstate commerce to take out a
federal license before it shall be per
mitted, to control as much as twenty
five per cent of the product in which
it deals, the license to prohibit the
public from watered stock and to pro-
hibit h control By such corporations
of more than fifty per cent of the tot
al amount OF any product consumed
in the United States."
1t will be noticed, in the first place,
that care was taken by those who
drew the platform to provide that
there should be no abridgment of the
right of a state to create corporations
of its right to regulate as it will
corporations doing business
its limits. This plan, therefore, |
does not in the least infringe upon
right of the states to protect their
WI people. It simply provides for
exercise by congress of the pow
er vested in it to regulate Interstate |
AS long as a corporation |
itself to the state in which
It is created, congress can not inter
fere with It; but when the corporation
in interstate commerce, con-
yress is the only power than can reg
its interstate business. /
In proposing the exercise of this
power, the democratic platform is
not asserting a new doctrine. In jan
larry, 1896, a republican house Of rep
adopted a resolution call
ng upon Hon. Judson Harmon, then
Encouragement of the United States,
the democratic candidate for gov
ernor in Ohio, to report. what steps,
( any had bee AIKEN to enforce the
Of the United States against
rusts, combinations and conspiracies
restraint Of trade and commerce, |
md what further legislation was, in
lis opinion, needed to protect the peo-i
Ne against the game. On the 9Th day. Il
February he submitted q reply, Ia
which he described he steps which
rere being taken to enforce the law,
nd recommended the enactment OF
legislation. I call special at
to the following words: II
Congress may make it unlawful /
0 ship from one state to another. In
arryfng out, or attempting to carry .
ut. the designs OF such Qstate) organ I
Eatiouss articles produced. owned or !