The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-10-15

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'b.. b. -iun uS th.' knight as. tn,i that
b. -ipn. a. - potntssl uus abpvr. ~"
-u,i.styurs - -xhlbs a. wrong In urIn-
.ipl- br,~flv this
tr m nupoliS~ trade 20 .umWrrv-
wthin tho msan,ng u sh. az means
by 49, elimination q Dump-,ttlnn -
-s-ur" 20 -ssnr Individual ~ group rh"
HuntrJ. ~ all o. e. q 'argsIy prs pJR-
l,rlfnJ part &c thu trade ur Sunm"rvs
ln ,Jmr article The prOh,bst ion asra,ns,
munop0llLinx trade VI comm~r,- does
nu' spplv a. a simT,l. ie-=~nlng 10 CON-
p~,itIon leavtng In cKb~iencs rrasnn-
abiy competitive Cuh,Itloh-. but 70 loss
apply - concentration ~ control -
a pr~pund-raSing par - the Cummcr,e
IN any arti,l., though cOmpstition be
not wholly destroyed
In this view th- remedy in cas-. a
corporation or Trust has nIOnopolizs,i
interstat" Cougmercr by the acquisition
Of ComIa'itlvs business would b. 10
compel the corporation or tF,i-' TO undo
the wrong bv s.lling or distributing
among is individual shareholders. mem
bers or beneficiaEies 90 much OF IT,
property and business obtained from
former competitors or shares OF stock
IA companies previously competing a.
NAV be necessary to restore reasonably
competitive conditions in the monopo-
lized branch OF trade or commerce
The uDurt could not confscate: nor
could u dissolve the corporation or
trust II lawfully formed under State
laws. bat II could restrain the trust
from continuing TO monopolize COM
merce. and could compel IL 20 part with
80 much OF its property and business
as may be- necessary 20 restore reason
ably competitive conditions
Thus II the Supreme Court should
hold tina, the Standard OIL Company
....-,A.H.Al -,
refined petroleum the court would
simply require the company 20 part
with the stock Of 80 many Of the com
panies previously composing a. might b.
necessary to put In end 20 tho mOnopoly.
that Is, 70 restore reasonably competitive
conditions In interstate business In re-
fined oil. The companies whose stoCk
was sold or distributed could not. in
Mr. MoRAwETZs view. enter lawfully
thereafter into contracts or Combina-
tons with the Standard oil to maintain
prices or stop competition. but they
would he under no obligation TO C,It
prices or 90 compete. The law does
not undertake 10 force competition.
What il DOES undertake is 90 prevent
combinations destroying the freedom
Of competition TO such an extent a. TO
constitute monopolizing.
The principal difficulty in constituting
IA" antitrust act ia 20 determine the
precise meaning OF the term To monop-
ollie Mr.. NoRAwFTI coHo"la-s that
m. meaning Of ths word il nor 80 deii-
mite a. 70 render II pracficable in every
cas-" 20 determine easily and precisely
whether the term applies. vet u" re-
CARDS the language Of the act a. no
NOR. vague or uncertain than a great
many other statutes and constitutional
PROVISIONS which tho courts must ron
siruc snd enforce. An attempted stat
utorv definition OF 'monopolize- would
xiv" rise 90 a. much uncertainty and
litigation as the term itself Judicial
decisions would BE- necessary 20 define
the definition
The -afer course. in Mr.. MORAwETZ's
ouInion. IL 20 leave IL N the coiIrta in