The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1911-12-09
MESSAGE OF
THE PRESIDENT
MI. taft Champions the anti
trust Statue.
NEW REa1EOlES SUGGESTED,

Tobacco Trust Decision an Effective
one-Fedsrsl Incorporation Recon-
nnended and Federal Corporation
Commission Proporsd-The Test Of
"Reasonahleress."
To the senate and House Of Repre-
sentativcs
This message IS The FIRST OF several
which siial send 20 congress during
the Interval between the opening OF
It's regular session and It's adjourn
ment Tor the Christmas hollda The
amount of information 10 bu umuu
nicated rs 20 the operations of the
government. the number OF important
subjects calling for comment by the
executive and the transmission TO con
gress OF exhaustive reports OF special
commissions make IL impossible 10 in
clude I'm one message OF reasonable
length a discussion OF the topics that
ought to be brought TO the attention
OF the national legislature at its first
regular session
The Antitrust Lsw-The Supreme
Court Decisions.
In May last the supreme court hand.
ed down decisions In the suits in equi-
~ brought by the United States to on.
join the further maintenance OF the
Standard oil trust and OF the Amer.
can Tobacco trust and 10 secure their
dissolution The decisions are epoch
making and serve 10 advise the bust.
ness world uuthoritativey of the
scope and operation OF the antitrust
act OF 1890 The decisions do not de-
part In any substantial way from the
previous decisions OF the court in con.
STRUNG and applying this important
statute. but they clarity those deci
sions by further defining the already
admitted exceptions 10 the literal con
struction OF the act By the DEGREES
they furnish useful precedent as to
the proper method Of dealing with the
capital and property OF Illegal trusts
These decisions suggest the need and
wisdom OF additional or supplemental
legislation Co make II easier for the
entire business community 20 square
with the rule OF action and legality
thus finally established and 10 pre-
serve the benefit. freedom and spur OF
reasonable competition without loss of
real efficiency or progress
No Change In the Rule Of Decision.
Merely In Ia Form % Esnression
Tho v.t,,,e =, t,s ers, soc,,o,, ia
clares 70 be Illegal every contract.
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