The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-09-28
STOP WAR ON
BUSINESS OF THE
COUNTRY
Continued from page one.

law. / believe and hope that the spirit
of vindictiveness against these great
ARTERIES of public commerce which the
Indignation of the public naturally
prompted in their representatives Is
gradually disappearing.
Unreasonable Attitude.
Occasionally one hears the complaint
that there Is no room for enterprise
among railroads; that there is no in
ducement to further investment and
the extension of their lines; that some
body else is running their railroads for
them; and that all hope OF prosperous
business I'm transportation has disap-
peared. | think this attitude is as un-
spite against railroad because it is
a railroad on the other. We all have
to face the condition that the public
Insists, and has a right TO insist, upon
the close regulation of railroads i'm view
OF past evils and of the danger OF their
recurrence in the future If vigilance is
abated, and that nothing but such Il
regulation will secure the complaint g
with the law that the public insists on
having. That regulation is not re-
strictive of wide discretion in railroad
management, and there is and ought
to be sufficient scope for enterprise,
for close economies i'm the business of
the common carrier, and for the secur-
ing Of "A reasonable profit for the share
holders, to make the railroad business
as great a field as ever for business
genius. All reforms have not been Sc
cured in railroad management. This
takes time. Many rates are still I'M
reasonable or discriminating; but the
point / am making is that we now
have effective and impartial machin-
cry I'm the present organization and
power OF the commission for enecting
those reforms without additional re-
strictive legislation.
With Respect to Trusts.
Second. with respect to the trusts.
| have elsewhere given my view Of
what the decision of the Supreme
antitrust statute Furnishes every COM
bination or restraint Of interstate trade
that is intended and has the necessary
effect to control prices, exclude compc-
tition, and establish a partial or COM
plete monopoly of any interstate trade
I'm any merchandise, and that a bill of
equity may be filed against the offend
ing combination or corporation which
will lead to disintegration of that COM
bination, if found unlawful, and a di-
vision of 1t into a sufficient number of
parts under separate ownership to In
sure competition and to maintain II by
the continuing force of perpetual in
junction against the resumption OF the
unlawful bond and purpose of the COM
Diners whether il will be possible to
secure a national incorporation act for
the closer supervision of these corpor-
atoms engaged I'm interstate trade, ana
for their greater security when they
pursue business i'm accordance with
law, / am unable to say, because the
constitutional views of the present ma
iority I'm the lower House are presum-
ably against the increase Of the FEEDER
al function with respect to corpora
tons. BE that as II may, the bust
ness community now knows. or ought
to know, where It stands. The court
declines To hold that competition is I'M
possible under modern business condi-
tons, but 1t insists that IT must be