Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1911-10-13

invested, aud that wage earners would
be the first to fell the effects Of the
enactments Of drastic anii.trus laws,
Was used for more than il was worth.
All these things came about as the i'm
mediate results Of the Roosevelt policies
and there WAS quite general demand
for a man Of Judicial aud less strenuous
inclination, to renew the courage Of in-
yestors aud revive industrial systems /;
and "Big Business" experienced the
sense of relief that one feels when
aroused from AN evil dream when Presi-
dent Taft, the man of Judicial tempera-
ment, was elected.
Then the Standard Oil multi
millionsires successfully appealed
against the Lands decree that it pat
a hne of s29,OO0.OOO, and other cases
we're as successfully rested. just why
"Big Business should have felt that
the Taft administration was to he
reactionary no one but itself could tell
He had approved of the tariff revision
plank in his party platform, aud while
refraining from any i'll considered re-
marks concerning enforcement of thu
Sherman Law there were reasons enough
for believing that he had the whole prob
lem with which he was confronted
under earnest consideration. But hoy
proceed and at the same time avoi
bringing about recurrence Of the gen
eral sense of insecurity. There was tn,
difficulty before him, and through solicit
tude for the welfare of wage earner'
living from hand to mouth and at n
time in position to contribute toward
great and effective campaign agains
a condition, namely the trust evil. Bu
President Taft and all thoughtful fal
sighted voters know that they will h
false to a great principle IT throug
timidity they allow "Big Business"
throttle" competition, the only know
means of preventing the manipulate
of prices by ambitious forces. Ar
being conscious of the trust menace
the constitutional right of each one
compete in the trading system, there
still the demand that to a sensible d
gree the purpose of the Sherman La
shall he realized.
President Taft represents only Il
, views of really conservative men wi
l know that the tendency if uncheck'
> would necessitate a revolution, when
{ says "Business must square itself
E the Antitrust Law. That is to be !
terpreted in the light of reason, al
ample time is to be allowed by t
courts for the more Objectionable col
bines to adjust their plansl IN accordan
e with the general sense of justice
s business operations. The Preside
n scouts the plea that monopolistic forr
e are a necessity of the times, And nj
q a wall is going up on the part of al
Is Business" that "frightful consequence
r must attend the conservative measu
n to protect the right to compete in tra
re We are again reminded that values
'e being ruthlessly destroyed. But
RI fact remains that artifcially infat
Or values are being put on safer has
ID It is the timid and foolish and self
a investors who are the cause of the C,
&c dition to which great theory mu
n be applied. But there is no rea'
w whatsoever for believing that the VIII
Tn threat of the Sherman Law to the C,
pe fiscation of invested means will be
rs held and enforced by the present me
n bers of the Supreme Court. Corpo
ne tions can borrow from the savings bar
oil who will probably have at their I
~ posal great increase of funds as
e; result of the "scare" experienced
&c timid investors. Business will still
IT. done and in large way. And it is
ca every way safer and more truly cons
10 vative of values to hold in check
Oh greatest menace to- representative &
OF eminent in the decided tendency tow
OF monopolistic control of the business
al distributing the resources that are
g property of the whole number.
ny paternal regard of the "1nterests"
'g longer serves any good purpose /
'e' President Tafts warning to the TT,
e. is clear sweet note that should
H. reassuring to all honest intentlo
nj business men.