The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1911-12-05

rasm ~ssn ~tsxb c~NssssiF
II he's tssh assumed tss' the pres
set rfnfats Esd eew@1. e.ssfsh'w
IN all sAsge eosmrsniss W fssm.'
st,.tA halsess a. ths tfHst ~ewsa snsafs
a enhtiHnsnes az ths same nla sshses
eeetfel a ali the eswesn1es Mfo
~hlse Ire sfsst hss ~ sest@s tesn
dlsintesfssea Tals IA evfepvoas sse
h tessa ptcn ths assumed ih*Mese'
ana fnmergeasrsss ~ iaaiessl lhaane
ssars The companies are snso'hsa
trnm 60 upefatien Of osmh'nsu"n'
shes heve different mssnssfs ahee
tore. PURCHASING and ssles ns~n,s
atl ~ ~ny AZ the numerous stershe's
sfs teaching fnts the thousands ~
femrt 10 secure concsfssa aeooh %
the companies wlsh sis~ to the eon'
troll ~ the market. their numtst w
tarre tha, such an attempt co"io ao'
weli be concealed and iss prime NOV
ers and all It's participants ~oaio "
at ouce subject TO contempt pfoceeo'
ings and imprisonment OF seminSr.
ohsrsrse. The Immediate result OF
the present situation viii neceess'"s
be activity BY all the companies oh'
der different managers. and thea COM.
petition must follow. or mere "
be activity by one company sno s.as
nation hy another Only shoF' "n's
will Inevitably lead to change III
ownership OF the stock. a. al oppo'
tunity for continued co-operaucn m".'
disanpesr Those critics who SPEAK
OF this disintegration ir the trus'
mere change OF garments hsse no
given onsidcra,ion TO the inev'tso':
working OF the decree and understand
little the personal danger OF Atte"p.
ing to evade or set at naueht the sv
emn Injunction OF court whose %
ject Is made plain by the decres anu
whose inhibitions are vet FORM WIN
detail and comprehensivensss une1'
ampled In the history OF equity 1u'''
prudence.
Tho effect OF these two decisions mas
led TO DEGREES dissolving the como'na-
ton Of manufacturers Of electric lamps
a southern wholesale grocers' assoc'a'
ton an interlocutory decree against
the powder trust with directions oy
the circuit court compelling dissoiu'
ton. and other combinations OF sim
FLAIR history are now negotiating with
the department OF justice looking 70
disintegration by decree and reorgan-
ization in accordance with law. u
seems possible to bring about these re-
organizations without general business
disturbance.
Movement for Repeal Of tho Antitrust
Law.
put now that the antitrust act ID
seen to be effective for the accomplish
ment OF the purpose OF its enactment.
we are met by cry from many diner
ent quarters for It's repeal. II IL said
to be obstructive OF business progress.
to be an attempt to restore oio-lasn-
Toned methods OF destructive compeu'
ton bctw cen small units. and TO make
innpossible those useful combinations
of capital and the reduction OF the cost
\ OF production that are essential to con
tinued prosperity and normal growth.
In the recent decisions the Supreme
| court makes clear that there IL moth
Ing I'm the statute which condemns
com binations Of capital or mere big
ness Of plant organized TO secure
economy IN production and a reduc.
tion OF It's cost II Is only whom the
purpose or necessary effect OF the or.
ganization and maintenance OF the
com blnation or the aggregation Of i'm.
mense size are the sitting OF compsti-
ton. actual and potential, and the en-.
HANGING Of prices and establishing 4
monopoly. that the statute II violated.
Mere size Ii no sin against the law.
The merging OF two or moro business
plants necessarily eliminates competi-
ton between the units thus combined.
but this elimination Is In contravention
of the statute only when the combine
ton is made for purpose OF ending this
particular competition In order to ~
cure control Of. and enhance, prices
and create monopoly.
Lack Of Defniteness In the statute.
The complaint Is made Of the statute
that It IL not sufficiently definite In
It's description OF that which In forbid.
den, to enable business men to avoid
It's violation. The suggestion II, that
we may have a combination OF two
corporations. which may run ON for
years. and that subsequently the attor.
ney general may conclude that II was
violation OF the statute. and that
which was supposed by the combinsrs
to be innocent then turns out to bs q
combination in violation OF the stat
ute. The answer to this hypothetical
case is that when men attempt 10
amass stupendous capital a. will On.
able them to suppress competition,
control prices and establish q monop-
oily they know the purpose OF their
acts. Men do not do such q thins
without having II clearly In mind. II
what they do is merely for the purpose
Of reducing the cost OF production,
without the thought OF suppressins
competition by use Of the bigness of
the plant they are creating. then they
cannot be convicted at the time the
union is made. nor can they be con.
victed later unless II happen that later
on they conclude to suppress competi.
ton and take the usual methods for
doing so. and thus establish for them.