Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1911-12-05

Ton results from a NEUTRALITY-SUSPICIOUS.
Of the anti-truat law and It's purpose.
Il Ia not intended there y TO prevent
The accumulation OF large chpital ~
business enterprises IN which such a
combination can secure reduced cost
~ production. sale and dls'ribn' Ion.
II III directed against ruch M assce.
cation OF capital only when its pui-
pose Is that Of sitting competition.
enhancing or controlling prices. ans
establishing a monopoly II We shall
have by the lecrce defenied hose our
poses and restored competition be-
tween the lafge units into winch the
capital and plant have been .livided,
We shall have accomplished The iseiui
purpose OF the statute
confiscation Not the Purpose Of the
statute.
Il is not the purpose OF the statute
TO conuscate the property and capital
Of the offending trusts. Methods OF
punishment by fine or Imprisonment
OF the individual offenders, by line
OF the corporation or by forfeiture OF
iis goods In transportation. are pro-
yided, hut the proceeding In equity Is
n specific remedy TO stop the opera
ton OF the trust by Injunction ana
prevent the future use OF the plant
and capital In violation OF the statute.
effectiveness OF Decree.
Nj venture 10 say that moi IN the
hiStory OF American Law has decree
noge effective for such purpose
been entered BY court than that
against the iobacco Trust. A Cir
cult Judgs N0yes said IN his Judgment
approving the decree.
THE extell 10 which Il has been
necessary 10 Sear apart this combina-
sion and fospe.it into new ferns with
the attendant buxdens ought 20 dem
onsiraie that the federal antitrust
siatntefis drastic asakpte which ac-
lcompilshes effective resulla; which so
long an Il stands ON the ssntilte books
must be obeyed, and which can not
be dlsobeyed without incurrinEN fFr-
reaching penalties. Aud. ON the other
hand. the successful reconstruction q
this organisation should teach that
the effect of enforcing this statute Is
not 10 destroy, but 10 reconstruct; not
60 deinolish. but 20 recTcate IN ac'
cofdance with the conditions whlca
she congress han declared shall exist
among the people Of the United
States.' "a
common-etock Ownership.
u has been assumed that the pres
enf pro rata and common Ownefship
In all these companies by former
stockholders OF the trust would insure
a continuance Of the same old single
control OF all the companies into
4 which the trust has by decree beeI
dlslnlograted. This IL erroneous anf
" based upon the assumed inefiteac,
aud innocu0nanoaa OF Judicial iniunc
lions. The companies are enjoines
IRON cooperation or combination
they have different managers, direct
Ofa. purchasing and sales agents 1
all OF many OF the numerous stock
holdefa. reaching into the thousands
nftempt 70 secure concerted action o
the companies with view 10 ta'
control OF the market. their numDel
II so large that such an attempt couit
mot well be concealed, and lla PRIME
mowers and all its participants wonl'
be AZ once subject TO conteinp, pro
ccedinge and Imprisonment OF sum
lInafy character Tho immediate Io
suit of the present Fltuatlon win NO
cqsaarily be activity by all the com
lpaniea under different managers. An'
then competition must follow, or then
Iwill be activity by one company nn'
Ielnnnnti0n b. another Only Hhor
time will inevitably lead 20 a ehNnn'
Ia ownership Of tho stock, ne Gil OF
Iporlunlly for continued cD,olrrntlri
must disappear. Thope critics VIM
! Ikpenk OF this dinlnteKfation N ~
J l....f - - usana .thnnua az unF1ImIIf.