The Barre daily times. (Barre, Vt.) 1897-1959, 1908-01-31

Il M a4#oAn AAflN oNul tLtt dHu AtuhEu
the xFWs with impunity, against great
law defyipg corporations Of Immense
wealth which until within the last half
dozen years have treated themselves
and have expected others to treat them
as being beyond aud above all possible
check from law.
Three Courses opon to Government.
II is especially necessary to secure
to the representatives Of the national
government full power to deal with the
great corporations engaged in inter-
state commerce and. above all, with
the great interstate common carriers.
Our people should clearly recognize
chat while there are difficulties In any
conrse Of conduct to be followed In
dealing With these great corporations,
these difficulties must be faced and
one Of three courses followed
The first course Is TO abandon all eff
fort to oversee and control their ac-
lions in the interest OF the general
public and to permit a return to the
utter lack Of control which would OBJ
tain II they were left to the common
law do not for one moment believe
that our people would tolerate this po-
sitlon. The extraordinary growth Of
modern industrialism has rendered the
common law. which grew up under
and was adapted TO deal with totally
different conditions. In many respects
inadequate to deal with the new con-
ditions These new conditions make
II necessary to shackle cunning as in
the past we have shackled force. The
vast Individual and corporate fortunes,
the vast combinations of capital which
have marked the development OF our
industrial system, create new condi
tons and necessitate change from
the old attitude of the state and the
nation toward the rules regulating the
acquisition ana untrammeled business
rise Of property in order both that
property may be adequately protected
and that at the same time those who
hold 1t may be prevented from wrong
doing.
State or Federal Regulationf
The second and third courses are to
have the regulation undertaken either
by the nation or By the states or
course In any event both the national
government and the several state gov
ernments must do each its part, and
each can do a certain amount that the
other cannot do. while the only really
satisfactory results must be obtained
by the representatives OF the national
and state governments working hearth
" together within their respective
spheres But In my judgment thor.
oughgoing ana satisfactory control can
In the end only be obtained by the ac-
ton Of the national government for
almost all the corporations Of enor
nous wealth that Is, the corporations
which Il Is especially desirable 10 con
trol-are engaged IN interstate com
merce and derive their power and
their Importance not from that portion
OF their business which Is inirastate.
bur from the interstate business. Ii is
not easy always to decide Just where
the liae OF .aemarcatlon between the
two kinds Of business falls. This line
must ultimately Be drawn BY the fed
aFai courts Much Of the effort to Sc
cure adequate eotitrol 81 ihe. great cor
oQfations by. state action has beer
HIse mud effective. bnt much OF II ha
oeen neither FOR when the effort Is
maae to accomplish bg eae action of
tie state what can only be accom-
pllshed by the action Of the nation the
result can only be disappointment. ana
III the end the law win probably Be
declared uncorh.H ntlona, 50, lisewisa
n The national arena, We who believe
IN the measures herein advocated are
hamperea anq Dot aided by the ex
iremists who advocate action 50 vic
lent that Il mauld either hc useless or
Else wonl9 cause more mischief than il
would remedy
III recent letter from learned
ipdge Of the Supreme court Of one 81
Ihe gulf states the wriipr speaks as
follows
In alI matiess pertaining 70 inter I
ftate commerce tile authority 90 tho I
lational government alfeady exists and I
loss no hava ia Ia acquired, and tho
'xefcisa as tllis existing authority can I
De- iE Do sense q nsurpaH0n of or Ia +
upon the rights Of tie
itates en- the contrary had tie fed
saal government given this question
more attention n the past and applied
/ vigorous cieek to corporate abuses
conditions would now be better. be
lause the states would have had fewer
'eal or Imaginary grievances and have
ued les cause not only to attempt the
.xeFcise o. the authority reserved 10
he national government but To act
without proper moderation in matters
peculiarly wilnM their oWn provinces
The national government has been re.
Mss in the past, but even at this late
lay Il can solve this problem and the
'ooner the national authority is exer-
Used the less apt mrs The states to take
ietion which viii represent encroach-
nent upon the national domain There
. q field Of operations for both pow
rs aad plenty alike for national and
tate governments to do in order to
'rofect both the people and the public
Utilities. The line OF demarcation be-
ween federal and state authority can
nd should be speedily settled by the
----=
FOUR REASONS FOR SAVINGS
phMK npnepEpIIY