Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1908-07-30

Federal statutes to know just what
are the bounds of their lawful action.
The practical constructive and difficult
work, therefore, of those who follow
Mr.. Roosevelt is to devise the ways
and means by which the high level OF
business integrity and obedience to
law which he has established may be
maintained without undue interference
with legitimate business. o o o..
The Republican platform recon-
mends legislation forbidding the issue
in the future of interstate railway
stocks and bonds without Federal
authority. It may occur in such cases
that the full value of the railway, and,
as an element thereof, the value of the
tangible property OF the railway
would be q relevant and important
factor in assisting the proper author
ity to determine whether the stocks
and bonds to be issued were to have
proper security behind them, and in
such case, therefore,, there should be
the right and machinery to make a
valuation Of the physical property.
Another suggestion in respect to
subordinate and ancilIary machinery
necessary to carry out Republican
policies is that Of the incorporation
under National law or the licensing by
National license or enforced registry
of com panies engaged in interstate
trade. The tact is that nearly all cor
porotions doing a commercial bust
ness are engaged in interstate com
merce, and if they all were required to
take out a Fedora license or a Federal
charter, the burden upon the inter-
state business of the country would
/ become intolerable.
! 1t is necessary, therefore. to devise
some means tor classifying and in
surfing Federal supervision Of such cor
porations as have tie power and temp
tation to effect restraints of interstate
trade and monopolies. Such corpora
lions constitute a very small percent
age of all engaged in interstate bust
ness.
The CON binatlon of capital in large
plants to manufacture goods with the
greatest economy is just as necessary
as the assembling of the parts of a ma
chine to the economical and more rapid
manufacture of what in old times was
made by hand. The gevernmentshould
not interfere with one any more thar
the other, when such aggregations O.
capital are legitimate and are properly
controlled, for they are then the nat
ural results of modern enterprise an6
are beneficial tc the public. In tLt
proper operation Of competition TIL
public will soon share with the manu-
facturer the advantage in o
operation and lower prices.
+ WHAT IS AN UNLAWFUL TRUST?
$ When, however, such combination
are not based on any economic princi
e pie but are made merely for the pur
5 pose Of controlling the market, t.
/ maintain or raise prices, restrict out
e put and drive out competitors, tn
public derives no benefit and we hav
S a monopoly.
S Unlawful trusts should be RESTRAINED
with all the efficiency of injunctiv
process, and the persons engaged il
e maintaining them should be punished
; with all the severity of criminal prose
e e%ution, in order that the methods pur
sued in the operation of their bushes
T shall be brought within the law.
THE y THE REPUBLICAN
II PARTY
AS the Republican platform says, tn
!, welfare OF the farmer is vital to that c
: the whole country. One of the strong
est hopes of returning prosperity i
based on the business which his crop
are to afford. He is vitality intersste
! in the restraining of excessive and un
duly discriminating railroads rates, i
the enterceme nj of the purs tood law
in the promotion of scientific agricul
ture, and in increasing the comforts
county life, as by the extension of fire
Rural Delivery. The policies Of til
present administration, which hav
most industrieusly promoted all thes
objects, cannot fail to commend then
selves to his approval; and it is diff
# cult to see how with his intelligent a
probation of the threat to bushes
prosperity involved in Democratic su,
cess at the polls he can do otherwis
L than give his full and hearty suppo.
Y to the continuation of the policies
E the present administration under r
IL publican auspices.
The mere statement OF the thing a.
al tua1ly done by this administration
is home, in our dependencies, and
Of foreign affairs shows a marvel Of su
s. esssful accomplishment, and if a part
" has entitled itself to the approval of i
Of works hv q rppouad roon6 10 IF Now,