The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-10-15
Wr usrsw~tss ~sa4~stis's- 'as
s~rstsa sa- Natt- Trs-t 49,


r--@rf tr... lF " So, rtr NrHr,.
Ftrf IN ff. N-s lfs r..sss slis..su--ifi.f
.H- snfi.trl-f 90 emit fl- s-rsfaI .is'.
.taH- Of rs. -fiI.fafn.. 1fIrf .uusfr.I. uE
Hu a. 81 afrrtsF .rx gs-sl teal OF
tffsufion tHruug ne rrs anst srhrrs
-omi- 30 .Hs sirHts tf-T~ 500 iurth uy
W. MuHNNFr. vrFH .usiII atssi by bim
,Hosit q Faar tn,i % baif iasp in ths' Mar.
Huui Lac RsHsH IUr mafv lotrf be-
rrlk-- - definite apsi rlsir'v rou,ish -.
uiains,i although apIur"rr', uuf arsry .
~h.F- clearly un.h.r-foDt n so,ln.i. %
ID. 81 on, lu,ts imUorttr,'- 20 rr- hii-ius.-
Interests OF th. ,uun'r, uuv ,u guur-
tnc- Of th"rr uxhr, un,b.r 'h" .,N pui
hall pariIy1-l by aoi.ut - fn th"Ir
future. uyBdipE no. ~sIrr-ui,' jo,r' f.
,uspo-ltton OF 'h.' .l-..> against the
standard ud ,omplur auI tn, Amer
an TObacyo Omuauy
NJ MuE,WETf- analy>l- OF tho laS
api The d~yt,ion - too bon.s Tor complete
exhibition IA thi- place IT, rNImtu"-
tNo general y..~- thar ha,r b..au taken
- the legal elect Ut IN" az anil with
us.,th..r ut Whlch views iOs-> be- hud HIM
s"lf IN agreement
m" first view - that the a. rrn,ler-
illegal any contract or combination that
dininl-hr- a any d'1rss conn sh'i.r Boa
interstate commerce" There : support
for this view IN certain mere dicta in
the opinions rendered. bv Justices OF the
supreme Court bu' 2 - not SUPPORTED
Vet bv auv actual de,.~,Ou Nj Mora
WIZ makes clear thu distinction, So
frequently overlooked. between tho
restraint Of trad" or commerce. and
the restriction or dImlnui on of comps
tiiIon IN trade or commerce IN "A reason
able degree and short OF monopoly
or attempt al monopoly MANY con
tracts and combinations. Tor Instance.
that restrict competition simply among
those contracting or combining are
necessary TO the successful conduct
OF trade and commerce. and such con
tracts or combinations ALWAYS have
been considered reasonable and proper
throughout IN" civilized WOrld The
word ram petition does not appear in
the act II the Supreme Court should
now hold that the act renders unlawful
any restriction whatever OF com petition
il would b" impossible 10 carry on
business effectively without mourning
civil and criminal liabilities II en-
forced consistently under such n con
struction the act would mean chaos 10
business
The second view Is that rs decided
IN tn" knight or sugar trust case, Can
grs<@ has no Constitutional power 20
prevent. and tho antitrust act does not
prevent. tue sffs' tive rnonOpoliZation Of
interstate commerce by combining in a
single corporation the plants and bust
nc~ses of practically all the manufacture
rrs and sellers IT an article Of interstate
commerce. This IL the only decision
which, IN Mr.. MORAwkTZ's opinion. can
MT be rcconcil.d with all the other
DECISIONS of the supreme Court in in
t'.rpretation of the sherman at. The
novelty and vigor pf his remarks on
the Knight decision. which substantially
declared that because manufacture Is
not commerce III" monopoly Of proiuc-
ton cannot 10 reached nv the act, no
matter what "f"o' such MONOPOLY has
n restraining trad" m 'hr arficl" manu-
factured. warrant somewhat eNtrnd.d
quotation
Apparently me corr' b1.eg T., conclusion
spn1 No fri'oVtns aropo>uo., .r ma con-
-src- succeed, To rsr.',cur- ant 9, tot tar,
- o. sni t1er-'nr" s.'hough ,u-nbina''oa ~
sYn.gr-sry - cou'ror -. 'us,n-,, - rrar.'sr
.
ga 20 r-s'rain 'n''r.'.'. commerce ID. re
.'-.I.' p sHrh case srr'! - oa.y 80 Indirect
rr,.'' hrue,.r ins,i',sl- .ni vua'.,-- may >,
:. eI'ea' 2, shat under The power 20 regulate
-"nmercr Congress can oaiy pre-crib. 'se rule.
- uhloh commerce srsu be governed. aud cat
sol regulate he So and d'srO,itIpu u Vrop
Irv or prur'nt D1'opoHyinE = mArufar'urfr z
s.,ine.s rrJ~y because Ultimate. interstate or
inirrnauO-s' ron u'-r- nay BE- Affected. "a. rat
% .'-S O.: these t'.i'rf II Limitations Coz
s-s-s ~ ru' liis - ~ 's- anti trust 49, 20 t..,
flrsr''y WITH monopoly a. such. or 20 rtru a.f
-tsu',, 'B- rgh'. - corporations or - rity-.,
= she -'aiss g me sog 's.ton. cUnirpl ~ !l,
.''1r - property. 81 to maize cT'r7insI ih- act.
~ ysr.un. n ne scqa.sit.on ans e1r,ro, %: prop
-.fy when TIE -'a'es - ttsir residence Or cr-a
10 ss,r''onsl or ~rr.l''sd 80 that the contracts
end ne So = go tsfrrIAL'. rrlatc, sIr.rstsIv
% ne acquisition = rsr'sln -saL~r~. and he
4" .'H~ss o. rsf aiSE s.gaf ~ rsnnsyI,ariA and
'0r- rp t''rri alton o. .1a--sr,- between the
~.s'ss ~ wi't 'pTsign nations and Is, mat A.
I'..H ne fundamentally % interstate son
cree So nsc~ssarily '-'ossi 20 dispose 81 m.
.r-1 .c's - ~ r-Hn~ri~s j. % 10, foIov, hat
10 s""rIi even thoISh e"ss '..al n rnonoroliys
10 rsr Ia 70 - r-hnsd sugsr va, an ATTEMPT
. homeopathic tb- raie or rom -.-rc. In refined
.ga' .r- proofs 'sllrE 70 indicate any intsntIoa
.. -r'''''1 lr's-stArs irsrs ~ com nsrrs
r." article proceeds 20 contrast 'h"
d"'isIOu % IN" knight az. With -Ib-a-
GI"f' 'i"oi- .p'.- vh"rrin -" court held
tha' 'ongrcss hal constitutional POWER