Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1910-01-13

/
OF congress, and as recommended In this
| communication, see no reason why
agreements between carriers subject to
freight and the rates. fares and charges
| for transportation OF passengers and
freight which they may agree to estab-
| iish, should not be permitted, provided,
copies of such agreements be promptly
hled with the commission, but subject to
| all the provisions of the Interstate COM
merce act, and subject to the right OF
any parties to such agreement to cancel
II as to all or any of the agreed rates,
fares. charges. OF classifications by 80
Ties and to the commission"
| Other Amendments Urged.
In accord with other declarations Of the
/ Republican platform of 1908, the president
further recommends that the interstate
| commerce law be amended so as to pro-
| to the commerce act shall, directly or in
directly, acquire any interests Of any
eass IN capital stock or purchase or
| ton which completes with 1t respecting
business to which the interstate COM
merce act applies; that a law be enact
ed providing that no railroad corpora
ton subject to the interstate commerce
act shall hereafter for any purpose con-
nected with or relating to any part Of its
business governed by said act issue any
capital stock without previous or stimuli
taneous payment to 1t Of not less than
the par value Of such stock, or any bonds
ing not more than one year from the
date of their issue), without the previ-
Gus or simultaneous payment to such cor
poration OF not less than the par value
Of such bonds, or other obligations, or,
II issued at less than their par value,
then not without such payment of the
reasonable market value OF such bonds
or obligations as ascertained by the in
terstate commerce commissions; and that
no property. service, or other thing than
money, shall be taken in payment to such
carrier cnTnnratinn nj vnr nr
required price of such stock bond or 9TH
er obligation. except the fair value OF
such property. services or other thing as
certained by the commission"
Would Prevent Wrong Practices.
The president continues:
Il believe these suggested notifications
In and amendments to the interstate COM
merce act would make 1t a complete and
effective measure for securing reasonable
ness of rates and fairness of practices in
the operation of interstate railroad lines.
without undue preference to any individu-
BY my direction st any the e'n ATTORNEY general
mas drafted bill to carry out these
recommendations. which will be fur
nished upon request to the appropriate
committee whenever 1t may be desired.
In addition to the foregoing amend
ments OF the interstate commerce law,
s she interstate tie state. commerce commission
snould De given the power, after hear
ing, to determine upon the uniform con-
struction of these appliances-such as sill
steps, ladders roof hand holds. running
boards and hand brakes on freight cars
engaged In interstate commerce-used by
the trainmen in the operation Of trains,
the defects and lack of uniformity in
injuries to railway trainmen. The won
derful reforms effected in the number Of |
s,,w1tchmen and trainmen injured by coup |
PRODUCTION of safety couplers, is a demon |
stration Of what can be done IL railroads |
are compelled to adopt proper safety APP |
!. The question has arisen In the opera
tons OF the interstate commerce employ
srs liability act. as to whether suit can |
oany in any place other than that of its
1omc ONCE. The right to bring the suit |
lnder this act should be as easy Of en-
ION not In the company's employ to sue
m an ordinary claim. and process in each
uit should be sufficiently served ii upon
whom service is authorized is made, to
'ond the company in ordinary actions |
rising under state laws. Bills for both |
idered by the house of representatives
no nave been passed. and are now be-
ore the interstate commerce committee
= the s senate e.: ! earnestly urge that they
Control OF the Trusts.
The second part of the message n de-
'oted to the control of trusts. After a
engthy discussion of trusts, good and
ad, ana the success OF prosecutions un-
er the sherman antitrust act. Mr.. Taft
TT IL the duty and purpose Of the exec
i've 70 direct an investigation by the de-
lry or otherwise, into the history, organ
sation, and purposes of all the industrial |
ompanies with respect to which there Is
hey have been organized for a purpose.
nd are conducting business on plan
'nich Is In violation of the antitrust
not BEYOND the = nsao * ths a sps
tent OF Justice, IL sufficient funds are .
FINISHED. to carry on the Investigations
'ork. But such an investigation ana
ossible prosecution of corporations whose
rosperity or destruction affects the COM
wage earners, employees. and associated
'adesmen must necessarily tend to dis |.
irD the confidence OF the business COM
capital from its places Of boarding. and !
reduce halt In our present prosperity !
lat Will cause suffering and strained ctr
.uits Of the guilty g few The question Ion :
hfch wish In this message to bring
early to the consideration and decision !
anger something cannot be done ~
men these business combinations may | ,
,oIered means. without great flnali- !
e. disturbance, OF changing the. char !
usiness into one within the lines Of the !
Nv under federal control and supervision. 9
scuring compliance with the antitrust !
.atutes. I
For Government Control.
Generally, In the Industrial combina- G
ons called trusts the principal busi- q
ess - the sale of goods IA many states | /
nd IN foreign markets. in other words. | /
" Interstate and foreign business FAR e
kceeds the business done In any one | Z
ate. This fact will justify the feds 8
ral government In granting federal Z
harter to such combination to make d
nd sell In interstate and foreign conn
lerce the products OF useful manufac- Z
IRE under such limitations as viii se- {
IRE compliance with the anti-trust Il
~. II - possible 80 to frame stafufe 4
1ae while II offers protection to 3 fed- {
rai company against harmful, vexatious &
no unnecessary invasion by thA stafcs. {
shall subject It to reasonable taYafion
M c0utrol BY the states with respecf - l,
purely local business. | !
Many people conducting great busi- Z
$500 have cherished = hops ana I be- /,
"a tnat IN some way or other = Iina 4
~ ~ drawn between good truntn' and |,
~ trusts, ana that Il u possible IN &
to the antitrust law "a maks Il
dlntlnction under which rood cornhina- / =
o. may % permitted to organise SUM :
resS composition, control priceo. ana "a :
II legally y only they do not ahuse :
e power ~ taking too great profIt out \
the business They point with force -
2xf0iB 00f0pfhNan --sI- 49, - ~