The Forrest City times., 1911-12-08

-Ss general ver. Vt k y aided in framing the dso-a s sfsas looaeeo trust dissolution ts "a ts LeFt rom the bureau Of eo~s. sa st Fe2eTai Cooperation cor7ri,...'ioa .s.1'ioas
 posed. .., uo not set forth in detail tb.,
 ana sections Of a statute v,tst 1Le 'ercs supply the constructive lsg,sls.. nlss, hitting and aiding the so--sa.sa s-zs.oa ps'. combinations of capital sr.-a ,.4e.oa q eofpoFations. . They should be ssss ssea to rigid rules as to their o--s-.lecs = saelecs ana procedure. including e~ec.i-uoa hcity' and to the closest suno-..,e psA 10 the issue of stock and bo-s-Oaas as executive bureau or comrfssto- " e eepaI'ment ,,I of commerce and Iabo. s which in times of doubt ,hsv ,-go,' ia wei submit their proposed nl., .a future business. It must ba sis.s Nf understood that incorporation .,seuS n.sS federal law could not eyer,, Ls.--aa | pany thus formed and i-s i,..--OI 0OI' ana managers from prosecution r.9 -..' the antitrust law for su5seona,. ISs' S gal conduct. but the pvBIici.v =, procedure and the opportupi,y so. ! quent consultation with n, f,,-s.e "e commission in charge Of fha ineo-..' loh as to the legitimate purpose ofe. transactions would offer i; as g,... carity against successful Brosscs,,,s. ~ TOT violations Of the law as wo.is = 1 practical CT wise Vs Such q bureau or com9fsst., .-,-,. well be invested also with the 5u,T sI ready referred 10. of aiding eo5r.. |. the dissolution and recreation of t-n,.- 1 within the law l. should ba m s,o.- tive tribunal of the dignity and rova. ! of the comptroller Of the c1rrerev o. the interstate commerce =co--n,ts.,,. which now exercise supervisory povsr over important classes of eor9oratioss under federal regulation
 The drafting of such fed,ra! i7eo-. i roration law "ouid offer ample opno,. i trnity to prevent many manifest erils l in corporate management today in. i cluding possibility Of control i, the hands of the few who are not tbs real owners.
 Incorporation Voluntary.
 I recommend that the federal char. i ters thus to be granted shall be yolun. tary. at least until experience justires l mandatory provisions. The benefit to be derived from the operation Of great l businesses under the protection q, ! Gnrh rharfar r are anxious to keep within the lines i of the law Other large combinations i that fail to take advantage of the fed eral Incorporation will not have i right to complain if their failure s 1 ascribed to unwilingness to submit, 1 their transactions to the careful scra tiny. competent supervision and pub licity attendant upon the enjoymen, i of .h charter
 Supplemental Legislation Neeset The opportunity thus suggested for i federal incorporation. It seems to ne, Is suitable constructive legislation l needed to facilitate the sQuaring oi ] great industrial enterprises 10 the rule i of action laid down by the antitrust 1 law. This statute is construed by the Supreme court must continue to be the line of distinction for legiu mate business. It must be enforced, unless We are 10 banish indiyiduasm from all business and reduce t to one 1 common system Of regulation or con. trol of prices like that which now pre-. rgfi r. tn r,lfffSo utiiifips and which when applied to all busi' ness would De Q long step toward state socialism
 Importance of the AHti.Truss Act.
 The antitrust act Is the expression of the effort Of a freedom-loying peo- pie to preserve equality of opqoriun- fly. It Is the result of the confident determination of such a people to maintain their future growth by pre- serving uncontrolled and unrestricted the enterprise of the individual, his ingenuity his intelligence and his h. dependent courage.
 For twenty years or more this s'a'- ute has been upon the statute DOCK. All knew of it's general purpose ana approved Many Of it's yiolatofs "e'' cynical over it's assumed impotence
 It seemed impossible Of enforce ment Slowly the mills of the courts ground. and only gradually did the ma. iesty of the law assert itself Many of it's statesmen-authors died oe!eFe i became a living force and they anu others saw the evil grow whleh tue! had hoped to destroy Now US sH. cacy is seen. now it's power IS heaP' now it's object Is near achievement Now We hear the call for LIS repeai oa the plea that 1t interferes with DUST ness prosperity. and We are advised III most general terms how. by some other statute and in some other way, the evil We are just stamping out cAn be cured. if We only abandon this "olA of twenty years and try another pertinent for another term oi years
 It is said that the act has not d0ls good Can this be said in the ld0. .,O the effect of the Northern Seeafi''' decree? a-os.
 That decree was in no way so uia. s. tic or inhibitiye in detail a either '-s