Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-06-14
Judge Grosscup Advocates
This as Remedy for
Evils.
SHERMAN LAW Is WEAK
Declares at Iowa Commence
ment That Federal InCor-
poration Must Come.

Iowa City, Iowa, June 14.-De-
claring the Sherman act ''even as
now interpreted an ineffective rem
edy in the just complaint of the or
binary man against monopolies,
Judge Peter S. Grosscup of the Unit
ed States circuit court of appeals,
proposed in the commencement ad-
dress before the University Of Iowa
today a new method of dealing with
trusts.
ITO recognize combination and
monopoly as something necessarily
here-square the law to the fact
and then, as a condition to granting
right to regulate dividends" is the
remedy Judge Grosscup advances.
REVIEWS SHERMAN ACT.
Judge Grosscup's discussion of the
remedy proposed by him was prefac-
ed by a review of the Sherman act
in which he said:
LAS interpreted prior to May of
this year the Sherman antitrust act
was believed to be a weapon in the
hands of the men who happened to
constitute the administration at
Washington, to destroy such specific
monopolies and combinations as the
administration chose to consider
hurtful to competition in enterprise.
Instead the Sherman act became a
sunken mine, over which nearly ev-
cry form of enterprise had to sail
the fuse that would set it off, or keep
1t harmless. running direct to the
Office of the attorney general at
Washington.
WILL TRUSTS DESISTs
S1Ratsswill big business" contin-
ued JuSgESGrosscup, with no re-
straint haaging over it other than
the Sherman act as now interpreted,
desist from being brutal? Will one
of these big business enterprises,
caught now and then employing the
prohibited accessory methods and
ordered to rehabilitate, as the Stan
dard Oil and tobacco combinations
have been ordered to rehablhtate,
prevent others from taking their
chances along the same lines, or
from taking chances along other
lines?" Reverting to his remedy the
Judge continued:
But to which government, the
national or the state, shall be given
the power TO apply the remedy? My
anwer is, that, in the case of the big
so-caIled trusts. such, for instance,
as the packers or the Standard Oil
company, the bulk of whose raw ma
terials is drawn from states other
than the company's domicile. or the
bulk of whoe finished product is sold
in states other than the company's
domicile, thereby bringing their bus
mess into interstate commerce, the
principle l am urging should be ap-
piled by the national government,
through such processes as will make
it practically compelling that enter
prises of this kind organize as cor
porations under the United States
laws.
MUST BE FEDERAL POWER.
ITO that extent, at least, am for
the new nationalism. By the hand
of a single sovereignty, and that the
supreme sovereignty, can the prin-
ciple, 1t seems to me, be effectively
applied to the big so-called trusts"
DEGREES TO 35S.
Degrees were granted to 355
young men and women at the COM
mencement. The armory, where the
ceremonies took place, was packed,
most of the audience being members
of the Alumni association.
NORTHWESTERN CLASS LARGE.
Chicago, June 14.-Five hundred
and ninety-five students were gradu-
ated from Northwestern university
in Evanston today.