The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-01
eminent of all the operations of the b
interstate commerce concerns.
judge Houqh's Decision.

eminent of all the operations of the big
interstate commerce concerns.
Judge Hough's Decision.
Judge Hough of New York, IN his re-
cent decision in the Hartman case, states
that the congress possesses the power
to limit the interstate operations of cor
porations not complying with federal safe
guards against the recurrence of obnOx-
ious practices, and to license those which
afford the public adequate security
against methods calculated to diminish
sOlvency, and therefore efficiency and
economy in interstate transportation. The
judge adds that in these matters the
power of congress is ample, though as
yet not fruitful in results" 1t is very
earnestly to be desired that either along
the lines the Judge indicates, or in some
other way equally efficacious. the con-
gress may exercise the power which he
Superficially, it may seem that the
laws, the passage of which L herein again
advocate-for / have repeatedly advocat-
ed them before-are not connected. But
in reality they are connected. Each and
every one of these laws, If enacted, would
represent part of the campaign against
privilege part of the campaign to make
the class of great property holders real
than its rights When the courts guaran-
tee to the employer. as they should, the
rights of the employer, and to property
the rights of property, they should no
they will exact from property and from
the employer the duties which should
necessarily accompany these rights; and
hitherto our laws have failed in precise
ly this point of enforcing the performance
Of duty by the man of property toward
the man who works for him. by the man
of great wealth, especially If he uses
that wealth in corporate form, toward
the investor the WagCwOrker and the gen.
eral public The permanent failure of the
man of property TO fulfill his obligations
would ultimately assure the wrestling from
him of the privileges which he is en-
obligations accompanying them. Those
who assume or share the responsibility
for this failure are rendering but poor
service to the cause which they believe
they champion.
Stock Gambling.
= I dc not know whether it is pos y
y sible, but if possible. it is certainly =
= desirable, that in connection with =
y measures to restrain stock-watering \
y and over-capitalization there should =
y be measures taken to prevent at =
y least the grOsSer forms of gambling =
= in securities and commodities, such +
= as making large sales of what men =
y do Tot possess and "cOrnering" the y
= market Legitimate purchases of =
y commodities and of stocks and Secu- =
= rites for investment have no con-
+ nectiOn whatever with purchases of y
y stocks or other securities or commod- y
y tiles on margin for speculative and =
= gambling purposes. There is no =
= moral difference between gambling +
y at cards or in lotteries or on the race =
4 tracks and gambling in the stock \
y market. One method is just as per-
y niciOus 10 the body polite as the \
I other in kind and in degree the y
y evil worked is far greater But it i
y is a far more difficult subject with y
y which to deal The great bulk of =
= the business transacted on the ex- =
= changes is not only legitimate. but y
= is necessary to the working of our J.
y modern industrial system. and ex- y
y IRENE care would have to be taken =
= not to interfere with this business in =
= doing away with the bucket shop \
y type of operation. We should study y
= both the successes and the failures b
y of foreign legislators who, notably in +
y Germany, have worked along this y
y line, so not to do anything harm !
y full. Moreover. there is a special =
y difficulty il dealing with this mat =
y ter by the federal government in a +
4 federal republic like ours. But il +
y IT Is possible TO devise a way to y
= deal with it the effort should be =
y made, even if only in cautious and =
y tentative way. 1t would seem that =
y the federal government could at least \
= act by fOTbidding the use of the +
y mails, telegraph and telephone wires =
4 futures, just as it does in lottery !
| = transactions !
Alleged False Pleas.
I enclose herewith a statement issued
/ by the chief of the bureau of corporations
(appendiX u in answer to certain state
ments (Which / also inclOse) made by and
| on behalf of the agents of the Standard
| Oil operation (appendiX p and letter OF
the attorney general tapDendiX % CON-
/ tanning an answer to certain statements
/ also inclosed, made by the president OF
/ the Santa Fe Railway company (appendix
/ ~. The Standard Oil corporation and the
railway COMPANY have both bAen found
guilty by the courts Of criminal miscOn-
duct; both have been sentenced to nav
/ heavy fines and each has issued and Dub-
iished broadcast these statements assert
ling their innocence and denouncing as
1 improper the action of the courts and
| Juries in cOnvicting them of guilt These
| statements are very elaborate are very
| ingenious and are untruthfu in import
/ ant particulars. The following letter and
/ lustrate the methods of the high off
! Gals of the Santa F'e and show the ut
ter falsity of their plea of ignorance. the
similar plea Of the Standard OIL being
equally without foundations:
Mr.. Heney's Letter.
Department of Justice, Office of tn,
| United States Attorney, District of Ore
| gOn.-Portland. Jan. II, 190S-The Presi
dent. Washington, d. C.-Dear Mr. Pres
] ident: I understand that Mr.. Ripley O
the Atchison, Topeka & Santa Fe rail
| way system has commented with som.
! severity upon your attitude toward tn,
payment of rebates by certain trans
| continental railroads, and that he ha
declared that he personally never knew
anything about any rebates being grant
ed by his road . : ] enclose vol
here with copy of a letter from Edward
Chambers. general freight traffic manage
LOT the Atchison. Topeka & Santa Fe rail
way system. TO Mr.. G.. A. Davidson. au
ditOr of the same company, dated Feb. q
1907.
This letter does not deal with inter
state shipments, but the constitution o
the state of California makes the pay
ment of rebates by railroads felony an
Mr.. Ripley has apparently not been abov
the commission of crime 10 secure bust
ness. You are at liberty to use this en-
closure in any way that you think
can be Of service to yourself or the pub
lie. Sincerely yours.
FRANCIS ]. HENEY."
Proof Offered