The Dillon herald. [volume] (Dillon, S.C.) 1894-????, 1910-01-13

matte, and scientific enforcement OF
the commerce law, rather than con.
fiicting decisions and uncertainty 5oi
final result. ~
A COURT OF COMMERCE.
For this purpose / recommend the
establishment of court of the Unit
ed States composed of five Judges
deslgnated for such purpose from
among the circuit judges of the
United States, to be known as the
United States court of commerce, -
winch court shall be clothed with
exclusive original jurisdiction over
the following classes of eases:
W All cases for the enforcement,
otherwise than by adjudication and
collection of forfeiture or penalty.
or by lnhiction of criminal punish
ment, OF any order of the Interstate
Commerce Commission other than
Tor the payment of money.
W All cases brought to enjoin, set
aside, annul or suspend any order or
requirement of the Interstate Com
merce Commission.
(3) All such cases as under Sec
ton OF the act of February 10.
l9O3, known as the "Elkins Act
are authorized to be maintained i'm a
circuit court &C the United States.
(4) All such mandamus proceed
ings as under the provisions of sec
ton ~ or section 23 of the inter-
state commerce law are authorized to
De maintained in a circuit court of
the United States.
AT this point the President deals
at some length on the testing and
investigating of rates.
ThaseLsim is very earnestly ad-
.,yaITced hv ~Nme large associaion of
shippers that shippers -ef freissht
should be empoS pNoSered 10 direct tbs,
route over We Which ~t6eir lp aileu shipments ras
should pass to destination, and in
this connection it has been urged
that the provisions of section 15 of
the interstate commerce act, which
now empowers the. commission, after
hearing on complaint, to establish
through routes and maximum joint
rates to be charged, ETC., when no
reasonable or satisfactory through
route shall have been already estab-
llshed, be amended so as to empower
the commission to take such action,
even when one existing reasonable
and satisfactory route already ex-
lists, II 1t is possible TO establish ad-
ditional routes. This seems to me to
be reasonable provision. | know
OF no reason why a shipper should
not have the right to elect between
two or more established through
rnnfaQ N wi hn Il
may be party, and require his
shipment to be transported to des-
tination over such routes as he NAV
designate for that purpose, subject,
however, in the exercise of this
right to such reasonable regulations
as the Interstate Commerce Commits
Size may prescribe.
TO PREVENT STOCK WATERING
Such act should also provide for
the approval by the Interstate Com
merce Commission of the amount of
stock and bonds to be issued by any
railroad company subject to this act
upon any reorganization, pursuant to
Judicial sale or other legal proceed
lngs, In order to prevent the issue of
stock and bonds 20 an amount in ex-
cess of the fair value of the property
which is the subject of such reorran-
iZation.
1 believe these suggested modifica-
tlons In and amendments to the in
terstate commerce act would make it
complete and effective measure for
securing reasonableness of rates and
fairness of practice in the operation
OF the interstate railroad lines, with
out undue preference to any individ-
ual or class over any others, and
would prevent the recurrence of
many of the practices which have
gwen rise in the pas. to so much
public inconvenience and loss.
by my direction the ATTORNEY Cen
eral has drafted bill to carry on,
these recommendations.
Bills for both the foregoing pur-
poses have been considered by the
Rouse of representatives. and have
been passed, and are now before tbe
interstate Commerce Committee of
the senate. | earnestly urge that
they be enacted into law.
ANTITRUST LAW AND FEDERAL
lNCORPORATIONS.
ihere has been n marked tendency
IN business i'll this country for forty
years last past tJvard combination
OF capital and plant IN manufacture
sale, and transportation. The movinr
causes have been several: First. il
has rendered possible great economy
second, by a union of former com.
petitlors 1t has reduced the probabil-
nv OF excessive competition; and
third' If the combination has beer
oXlnnSiNn nnnIInl,