The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1911-12-05

forcing fne statute
Supplemental Legislation Needsa--Noi
Repeal or AHsndment
SEQ Io objection aai indeed can
see decided adtaniages lae enact.
ment Of law which Hhail describe and
denounce methods Of competition
which are unfair aud are badges of the
unlawful purpose denpuneed in tae
antitrust LAW. Tbs attempt and pur
pose 10 suppress a competitor by un-
derselling hlm at 4 price 50 nhprohs-
able as 10 drive him Quit of business
er the making ~ exclusive contracts
with customers under which they are
required to give up association with
other manufacturers. and numerous
kindred methods for stitiing eompeti'
tiOn And eitectlng monopoly, should be
described with sufficient accuracy IN a
criminal statute on the one hand TO
enable the government 70 shorten it's
task by prosecuting single mlsde-
meancrs instead Of an entire con
splTaey. and. Oh the other hand 70
serve the purpose of pointing out
more in detail 10 the business com
munitv what must be avoided.
Fe1efa Incorporation Recommended.
In special message 10 congress
on January q 1919. ! yentured 70
point oui the disturbance 10 business
that would probably attend the disso-
luton Of these offending trusts |
said
"Rut such an investigation and poa-
aible prosecution of corporations
whose prosperity or destruction affects
the comfort not only oi stockholders
hut II wi lAa age ea4ners, EN-
ployes. and associates fadesmen must
necessarily terd q t.s.urb the con
fdence OF TIE bislH-sa community.
to dry UP The now flowing sources Of
capital from rs places Of boarding,
ard produce halt in our present
prosperity that Will cause suffering
ard strained circumstances among
the innocence many for che faults Of
Che guilty few Tie question which
/ Wish III this message to bring clear.
" 70 TIE consideration and discus
sion Of ocngfehs Is whether. In order
10 avoid such a possible business
danger. something cannot be done by
which these business combinations
may be offered means. without great
financial disturbance. Of changing the
character, Organization. and extent Of
/ their business into enc within the
lines oi the law Under federal control
4 and supervision. securing compliance
! with the antitrust statute.
/ Generally In the industrial com
blnatons called Trusts. The prin-
cipal business is the sale Of goods in
many states and IN foreign markets:
in other words the interstate and for.
eign business far exceeds the busl.
ness done IN any ere state. This
TACT win justify the federal govern
ment IN granting 4 federal charter
to such a combination to make and
sell III interstate ana foreign com
mefce the products Of useful mana-
+ facture under such limitations as Hlll
secure compliance With the anti.
trust law Il IS possible So TO frame
a statute that while It offers protec-
ton to federal company against
harmful, vexatious. and unnecessary
invasion by the states. Il shall sub
ject It to reasonable taxation and
control by to states with respect 20
/ It's purely local business
Corporations organized under this
act should be prohibited from ac-
quiring and holding stock In other
corporations texoept for special rea-
sons. upon approval by the proper
federal authority. mus avoiding the
creation under national auspices Of the
holding company with subordinate
corporations In different states. which
has been such an effective agency IN
the creation Of the great trusts and
/ monopelies.
II the prohibition OF the antitrust
act against combinations IN restraint
Of trade IS 10 be efecttYsl. enforced.
It is essential that the nStinngi gov
eminent shall provide for the creation
Of national corporations to carry on a
legitimate business throughout the
United States The conflicting laws OF
the different states OF the Union with
respect 10 foreign corporations makes
It difHcult, II not impossible. for one
f corporation TO comply with their re-
quirements so as to carry on business
Ia a number Of different states"
renew the Recommendation OF the
enactment OF a general law providing
for the voluntary formation Of cor.
poratious to engage IN trade and com
merce among the states and with for,
eign nations. Every argument which
was then advanced for such a law
and every explanation which was al
that time offered TO possible obJec
tions, have been confirmed BY our ex.
perience since the enforcement 81
the antitrust statute has resulted Ia
the actual dissolution Of active com
mercial organizations.
It Is even more manifest now thar
Il was then that the Pronunciation 81
coHspiracies IN restraint Of trade
should not and does not mean che de-
/ NAL Of organizations large enough Ia
be intrusted With oar Interstate and
foreign trade. II has been made more
clear now than It was then that a
purely negative statute Ike the anti
trust law may wen be supplemented