The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1908-04-11
AMENDMENT TO
SHERMAN LAW
SEVERELY CRITICISED ny JUDGE
GRoc 3Cup IN ACADEMY m
PHILADELPHIA.
PLAN IS DECIEIFUl
Promise to the Ear Broken TO the
Hope-unduly sggrsndixes
President Giving Him
Dangerous Power.

Philadelphia. April 10.-Several
prominent business and professional
men addressed the American Acad.
envy of Political and Social Sci nee
today among them being VIM J.
Sohieffelin, vice president of the Ma
gists; Theodore Marbury, of Ba ii,
more; lsadore Strauss. OF New York,
aud Judge Grosscup. OF Chicago The
address of Judge Gfosscup was on
the subject The Scope. the Limi
and the Duty of Government In Rela-
tion to Corporate Construction and
Management.
Starting out with the proposition
that what government Is to mankind
pcltleaFv 'fsanized, the corporation
T. ~ modern industry organized.
Judge Grosscup dealt in his address,
with the relations Of the corporation.
as an organized form of holding prop
erty, to monopoly. to competition, to
the recent business disturbances, and
especially to the ideal that in coun-
Try where political power Is welded
by the people, property thoula be
widely diffused among the@ people.
The Keynote Of the address was that
the corporate policy of tho country
should be so reconstructed. that the
corporation OF the future would be
not only trustworthy agency to
WELD the peoples industrial energies
but trustworthy medium also
through which to widely diffuse the
country's industrial proprietorship.
He laid down the distinction 'be
tween the paternal, socialistie theory
OF government and that theory OF gov
ernment In which individual freedom
In the central idea following this up
WITH n cuucretn statement of the
structural principles upon which. In
his Judgment. the corporation Of the
future, to make 1t n trustworthy
agency to WELD the nations energies
.pnd trustworthy medium through
Ehich toawork out Individually Its in
stiffts, of ownership, should he re.
ccnstrueted,, He said:
THE Sherman antitrust act. as II
stands unamended makes all eomhf
nations and associations In restraint
Of trade unlawful; and this irrespec-
tive of whether the actual result OF
the combination be hurtfui or help
full, reasonable or unreasoAable.
"The pending amendment fets this
Sherman law stand just as It Is.
against all combinations and associa-
tions that do not submit to the execu- =
tive branch of tho government for its
O. K such full information respecting
financial conditions. contracts. aud
corporate proceedings. as may be
prescribed from time to time by the
man who happens to occupy the office
of president of the United States,
the whole object of the pending
amendment apparently being that
upon making peace with the man who
happens to occupy the office CT presI-
dent of the United States, the corpo-
rations, Just as they now exist. may
pursue without further hindrance,
their accustomed way.
For one. a participant in the con
ference last October that appointe
the committee to propose some plan
of corporate reform in connection
with amendments to the Sherman act
reject this plan as a deceit-a prom
ise made to the ear but broken TO
the hope This pending amendment
as a solution by regulation of the cor
puration problem, lacks every essen
tlal human note--discioses no inter
est in men except as they are earn
ers of bread and customers of the
corporstion-no sympathy with men
as Independent. aspiring human
beings It aggrandizes, beyond
measure, the office of president OF
the United States. putting II within
the power of that single officer of
the government ot say what corpora
tions shall live and what corpora
tions shall he outlawed. but it opens
no door that will give an interest or
stake. in the mighty incorporated do
main. to the eighty millions OF people
upon whose energy that domain de-
ends. and upon whose wealth, IN tn
last analysis. il continually rests.