The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-12-18
SCHURMAN FOR SHERMAN LAW
SAYS ITS WORTH PROI ED.
PEOPLE STAND ~ IT.
Cornell President says Even Proposed
supplementary Acts Niii Not Aid
Any One VINO violates the Original
Antitrust statute secs Big Reforms

possibility, he added Of the passage
of an amendment that would pcrmi,
monopolistiC trusts to continue their
operations or even their existence
The subject of President Schurman y
address. which was delivered before u
large audience in the New Rochelle Thea
tire. was Current Unrest and Proposed
Remedies Upon the question OF the
trusts, trus; legislation and the present
business unrest due to trust prosecutions
President Schurman devoted large
part of his address Under this head he
first referred to the Supreme Court de-
Cisions i'm the Standard Oil and American
Tobacco companies cases
The oil business. he said. lis no longer
dominated by n single trust; II is now in
the hands of some three dozen separate
and independent companies or corpora
tions II Is true indeed that these con-
Germs may not compete Immediately
with one another. for the stock OF the
companies is held by the same persons
as held stock in the trust But the motive
which formerly induced individuals to
retain their stock in a single all controlling
trust cannot bc expected to operate in
the case of stock owned 10y them in dozens
ol separate ana lhu'i 'lu'h' oh'rihS.
Ana when rs consequence OF d"a'h or
othor causes changes iak' pace Ill me
ownership al TINS STOCK 'ofhpe'lt'oh
between the corporations which have
come TO be owned by different parties
scarcely can be prevented
III al the present time II j. too much TO
anticipate that competition shall be- in
tensely active between them W. al least
c., h. .,,r, ,b,.,., yviu IA. ~, ,,,r..tn,,,,-
-, ,,,,,,, =. ,,,,,r,..,,, 80. 49,.
I wv we" ''''" "' 'vH'' "''' W ''"'''' ~
attempt az hohopoI"a'l"h. u" pI'''l'"
of unfair methods toward compel tOr-.
These companies have been nut under
.r.,in, Local ,.,I,yat,,r lac t,. ,,,,,rt aud
= - 80 80, -
'"''c !" ''''" ~ "''''' Nv '''"'''' "S
contempt ana would entail sever" penal
ties
Reviewing tho ,np,t which 'n. stand
,rd on md T,L,,,,., d,.,i-,,,r. r.t mad,
upon o'her lars" corpora l""s f''>h'n'
Schurihah sad
The decisions III the cases Ji the =, and
ard ON C,munn,. and tb. T,b,n,, rnr,
80, Laa .,,,, .,,,,.,,. ,,,I ,l,r,,
i,"'' ,'" ",' "'''
'hio"Hhout lhe i"slu"-- "oI'd. i
recognized there are other corporal IONS
which bv their very existence, are an
,a.r,, +, tho Sherman nr,,-,,,i., IaNy
,,,I,,.,,.,. ,l,,. ,.n,,,,,,.,., ,,iI,,I
~" "'""V' Wv f''"' 'I'''7 j." " "'"" 'S
IN" supreme ourt nor III" p"H'S pursued
hy the Government give thr'n any hope of
salvation
..rb.r, ~. a., ,,,,, - .,-.,,,,, g., ,t,.,,
~
eN''P' "N N"Iu'i' aiF 'e"' Ea''''", 10" "i an
amendment oi the antitrust la" Brt
any one who listens TO the pa--io ioua'o pro-
lost. If TN. American panpl. and sim
,,..r, .,,,, ,.t,,, c.,, ,l;-,..,,,, ,,, Ia.
,i,,.',
l'"ra'' "uu lh'eiIlSeh pHrpoS" "HI'h
Underles these protests must rcCognl,"
there Is no PROSPECT whatever of "A repeal
nT the Sn.Iman auti-trus, law or ay.u
-, ,r.rdr,,,., ,,,,, r.,ll ,,.r,r., rn,,,..,,.,
" o. ~ 10. w
'lo''' f"s'@ 4" continue 'h'" oi'ra''"hS
or indeed their existence.
h" only thing that reasonably can
he .Nppcted IN connection with trust
i.,.-l,,i,r = , l,,y -,,,.,ia,,.,,,,.,,, ,,,
=, - ,' 80" Nv
Hhe''''dh ANTITRUST ID" '"r me p"fpos"
OF maNng NOR" speclhc the practices
which that law declares to H. illegal
couulod p.rhau. with some proyisiou tnr
yra,t,rg III. c,r,,,r,ti,r. .r,,,,,I j.,
', ,,,,,,..',Y -, -
ih'eFs'''' 'o'''''''''' i'"er"' CHARTERS OF
licenses on thelr satisfying the crlterla
which the law imposes But even such