The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-09-19

| II NeWart. East OranRe. MOntclalr bOstOn
-
|
tici,v and adaptabilitv Of remedy by in.
| junction in eouity. and has at the same time
manifested a due regard for the welfare OF
the innocent business men and the COM
| mupjty at large who in n cataclyem caused
| by the confiscation of such enormous cap
ital as Ia iuvoly ed in these combinations
and a suspension Of tho legitimate part OF
their business would he buried with them
In a common ruin
The court has exhibited a courage in
facin q the necessary results in enforcing I he
statute that instead of promptiny an at
tack on IL ought to make every american
proud that We have such a tribunal. IT is
now enforcing it's decree against the stand
ard oil Companv aud against the tobacco
company. and IL is making those great
combinations divide themselves into actu-
ally connecting PARTS under such prov isions
in the decree that an Injunction shall be
constantly operative to prevent by con-
tempt proceedings any assumption OF the
old relations Of a monopoly. This was an
easier matter in reference to the Standa rd
oil COMPANY because II was easy to divide
IN the various companies that we're united
by the ownership OF stock of all the COM
| papjes in a single holdiu COMPANY, in the
worked out 40 easily and IL will be neces-
sary to separate the pr operties owned by
single compauies and TO distribute these
| plants into different and differing owner
! ships in order TO create com muetition between
them and maintain that competition by
the mower OF a continuing in junction aeains,
any future union OF any agreement TO Az old
future competition.
1t needed these two great decisions 10
teach the husiness nublic that At leaat not
in the surname tribunal Of thts country
| would the claim ne liatnned 10 that In this
day ausi generation We have pasaed beyond
the possjbiNty Of free competitton "a CON
sis,ent with proper business growth or
that We have reached a time when only
regulated monopoly and the f,xins of prices
nv governmental authority are consist ant
with future proeres. We did Get alon
with comnetition: ve can get along With II
We did get along without nononoly. "a
can get along without II. and the busin ers
men Of this country must souare them-
selves to that necesaity Either that or
We must proceed tn State soois,ism And
west the Government with pover to mn
every business
The decision Of the Surname Court IL
in the highest interext Of the public and
I am glad 10 think that business men Who
have been violating the trust law are now
beine ma do In aee the nece.sitv for mutt in =
their houses in order. changing their oriR
inal ORGANIZATIONS giving IN the jdea
that II ia necessary TO control markets in
| order IN make prof,ts and reyertins IN
the old principle of free competition in
which all limit upon it TO prevent ita beins
excessiye n,st he se,S- ,S-impoaed nv the
GOOD sense of each competitor and not
by apy arrangement or contract betveeu
competitors or secret stipulation or wink
or nod
The deci.ion of the Supreme Court as
IL rrows 10 be understood in the nea,
future will be a .irna, for the voluntary
breal, king I'm Of al, continuation in re.t Amt
of trade within the inhibition of the
s,atute and will. I hone. lead to a com
the business men of this country and to a
clear understanding by them of the limjta
tions that mus, he imposed nv them upon
| any business combinations made by them
in the future The operation Of the
q, atute ba. Illustrated rhe slowness
of mdioiaj procedure and Of this I nave
often made compIa;nt. hut in the .e,,le
ment of issues of this Importance txo dec
.des are M great len 9TH ~ time and ~ In
tha, neriod we shall have s,amped ont an
evil which would certainly have ca arried II, 70
socialism ma a roaction from the vjciou. CON
tro, of the few the time snent the efort md
the litigation are worth the cost. There
have been times when among others
have thought that the enforcement Of the
law might have been facilitated had the
courts visited its breach with seyerer
punishment: but though the mills Of the
/. gods grind slowly. vet they grind ex.
ceedinv small and without the seyerit,
that some OF us urged and would nav
been y,.d 10 see used a r.volu,on IN
bns;rsss methods uhsr. ,n.v h.v. ha-"'
,"rnra 80 vin,,,;,a ~, ,ha s,a,,,, IN,
ho ,o'on a,oomn1t.h.d and u,,h I..ss u.,, VII
DC a:e".ipnsneu. ana aha win .ens' "is'uro'
1n"S W "us'hoeS With ,s 'a"'uI.
wheh an a'nenomen. rs proposed lei
me IIoponeht s'ate me deiec' IN inc statute
the amendment Is o remedy. and how II
VIII enect H.
II the avowsd purpose is to make i,