Arizona republican., 1911-06-02
REGULATION
 F0R TRUSTS Only Solution for Growing
 Problem COL. RO0SEVElT'S OPINION
To Make Present Law More Drastic, He Believes, Would Make Matters Worse Governments Hands Must be on Trusts.

! New York. June 1-Theodore Roose- welt has an article on The Standard Oil Decision-and After" in the out look. He says in part:
 The supreme court decision in the Standard oil case has, of course. brought out many proposals for all tering or amending the antitrust law As construed by the supreme court the antitrust law accomplishes a certain amount of good. and its has been a good thing to obtain the de cision that has been obtained against the Standard Oil company. But, as q means of effectually grappling, on behalf of the whole people, with the problem created by what are common ly called trusts-that is. of enormous combinations of corporate capital en- gagged in interstate business-the anti trust law is radically and vitally de- fective. and any effort tO strengthen it would be worse than futile and re- suit only in prolOnging the time dur ing which corporations would escape control of the kind demanded in the interests of the people.
 The antitrust law was framed on the theory that it was possibleto turn back the wheels of progress in indus trialism and in an age of combination, to put a stop to combinations under which business is carried on. While. as I have said. antitrust law as now construed does accomplish a certain amount of good. it is out of the ques- ton that. framed as it was in such spirit and with such a purpose. it could conceive in any but the smallest degree what it's framers hoped. and any effort to achieve that purpose simply by making the law more stringent would result either in noth- ing or in changing the situation for the worse.
 What is urgently needed is the en- actment of drastic and far reaching legislation which shall put great inter state business corporations of the type of the Standard oil company, the sugar trust the steel trust and the like. at least as completely under the control and regulation of the govern ment. in each and every respect. as the interstate railways are now put. | To break up the Standard Oil com ! pany. as the recent decision has ! broken II up. NptS d ttItdln iuioulll l of good but it does not do anything | like the amount of good that would 1 be achieved from the standpoint of | the public if a proper governmental | body were given actual supervision | and control over 1t as the control of | the interstate commerce commission | is established over certain railroads | of the country.
 Tt may well be said that in the | end government control of these great interstate corporations may have to go much farther than is indicated by the present government control over railways. but in any event, the only possible and satisfactory method of lealing with these great corporations 1f monopolistic trend. which are not railways. is to follow the lines along which the nation has gone in dealing with those of them which are rail ways. altering and developing that policy as conditions and events shall justify.
 our prime object must be to have regulation accomplished by continu- ,us administrative action and not by 1, necessarily intermittent law"