The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-12-05

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man u vas then thz, purely mega
t.fe stature Ike ne antitrust IA"
may xell be- supplemented W specific
p,oY.slons for the building up and
regulation Of legitimate national and
.orelgn commerce
The supplemental legislation the
y-esiceut desires IL explained in a
para grapa. The attempt and pur-
pose 70 suppress d competitor Dy
lnderselling him al a price 30 IN
y.oNtaDle az ~ drive him out Of
business, or the making Of exclusive
contracts with customers under which
,ney ere required ~ give W assOc!a-
Tons with other manufacturers and
numerous kindred methods for ST.
g.ng competition ana enecting mo
hOpDly snouId be described with
sIfNcieRt accuracy In criminal
statute on the one hand 10 enable
the government 10 shorten its tax
b. prosecuting single misdemeanOrs
Instead Of an entire conspiracy, and,
IN the other hand, 10 serve the
..rpOEe Of pointing out more in de-
81 - tle business community wnat
must De avoided
Mr. Taft did not attempt to set
forth the details OF the federal incor-
DoratiOn act he recommended, but
suggested that combinatIons OF CAPT
tai allowed TO become federal cor
porations should be subject 10 rigid
rules as TO organization and proceed
ure, including effective publicity, and
10 the closest supervision" as TO
stock and bond issues by the pro
posed executive bureau or commits
sion in the commerce and labor de
partment. Federal incorporation, the
president declared, would not exempt
any concern or It's officers from pros
cCution under the Sherman Act Tor
illegal acts. Such an act could be
framed 80 as 20 prevent ''yeXatiOus
and unnecessary invasion by the
states" but yet permit control by the
states with respect TO purely local
business. The courts should be EN-.
powered, the president said, 10 invoke
the aid Of the bureau OF corporations
In determining the suitable reorgani
Zation Of corporations dissolved IT,
DEGREES This work, he pointed out,
might be entrusted to the proposed
supervisory commission which should
bo an executive tribunal, Of the dig
nifty and power Of the comptroller Of
the currency or the interstate com
mcrce commission
The fact that it dealt with only
one subject; that It was comparative
ly brief and that accompanying it
was an appendix showing trust pros
eCutions instituted by all administra-
tions since the enactment of the
Sherman Act In 1890, made the mes
sage unusual. According to this ao-
pendlx seven suits were Brought un.
der this act in the administration Of
President Harrison; eight in Mr..
Cleyeland's second term: three under
President Mckinley; forty four m-
der Mir Roosevelt in about seven
and onc-half years, and thirty seven
so far IN the Taft administration.
The president frequently expresses
terscly his opinion OF the Sherman
law and what might be expected Of
it were to be repealed. tie says.
"The anti trust act is the express