New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-10-05


orsanized. not to restrain but TO promote,
TO expand trade. Their success mas oeen
phenomenal The sales outside the unlteu
States OF two companies alone with whose
business I am familiar. ten years ago were
S2c-0O00o0. and this year VIII approximate
SlO0 O00.O00.
should these two corporations have to
undergo dissolution by the United STATES
OBSERVATION-DISCLOSURES they have to so PACK
10 their original component parts. WHAT Il
spectacle we will make of ourselves before
the Germans, for instance, for next year
or the wear after we Americans, from
whom the Germans have learned so nI"f bn
i'm the way of organizing business, may pe
competing with them and ourselves IN the
foreign markets of the world. irc'udins
Germany itself, with nifty or seVenly-hNe
companies i'm place of five or ten. -,
In the name OF intelligent Thought l ASH
the men of this country TO stop LOON,
listen: TO pause and contemplate what tils
actually means. ..,,,, 4,
a moral question. They have PRIDE III
Americas position in the world OF com.
mcrce as IT exists to-day. Ihey Wa'' sa9r
least two things What Is right ana 1alT
between man and man. and our commercial
supremacy maintained.
What May Follow Dissolution.
II these great interstate and inteTn an
tional industrial organizations are Dio iN'a
up into a number of small concerns, espe-
cially without the slightest attempt haNlnS
FIRST been made to regulate and control
them. will not the following quesIioIlS
"Fjrst-Has labor been benefited? Has
labor been given steadier employment anu
higher wages? -,
'.Second-Has the consumer been bene-
fitted? Has the consumer been gwen 'e'
ter article and at lower price: -
"Third-Hds our financial faoilc peen
strengthened? Has more staDiilty pgei'
given TO business, better security 10 VIZ IA
;Y, vi npOnle nave placed
"Fourth-Has the new order of things
still further enlarged our foreign uaoe
"Fiftb-Have our sons and grandsons
been nut i'm the way of having stronger OF
weaker weapons for use in their suesSIe
for their fun share of the commerce OF the
wOTld2
"Sixth-Has the new order of things done
more i'm the way of promoting profit shar
ing plans between capital and labor, h ,a.I',
dent and relief benefits old age pensions
and general welfare work in factories anu
mills?' ,...,z
NE American people in the last analysis
are a practical set. and will we oe sdtsHed
with any solution of the trust quesIloI'
that does not bring practical ana pelInd,
nentlv beneficial results? We are 1aCeu
with the practical realities of LIE. Inc
fearless Cleveland once said; II is con-
dition. not a theory. that confronts us.
The reverse would seem 10 be our trounle
at the moment. viz. that il Is theory OF
law that confronts condition in business
and even our boys on leaving school or
college quickly realize that there Is no
place where theories break down ana ~
10 pieces so quickly as in the pracuCdi
business world -.
Attempt TO sweep the country paCh nv
the old era Of ruthless competition, WhlCh
would be,the direct consequence OF Nlsoi ,
GUS Enforcement of the sherman law, anu
there will return the evils Of deceit ana
fraud in business, violent huctuduohs ~ ~
prices. the deliberate driving TO the Wali
of weak concerns and the eventual CIed-
ton of mOnOpolies by survivors. ., .,
Does any one doubt that the World Is
RAPIDLY passing from the indivldual 10 1he
collective system in matters or business
What is the immediate Situatona WHAT
If ANYTHING. can We do about II! Inc STU.
alton seems clearly TO be this: Al the las!
national election the people of the Unlteo
States voted i'm favor Of platform WIlICn
recognized the existence Of a class OF cor
poratiOns having power and opportunity 70
Effect monopolies. and also voted In faVoi
/ of such amendments to the sherman anu
| trust law as would give 10 the 1ederal EoN,
| ernment greater supervision ana cOnuo
/ over and secure greater pubhclty III 'ne
| management Of such corporations.
The Congress which the people eltcteu
! for This purpose did nothing, and has been
/ recalled by the people. Meanwhile Two ol
/ our large interstate industrial corporations
have gone before the supreme court IN
! sllits under the sherman act. In rendering
! its decisions I'm these two cases the supreme
! Court pronounced for rule or reason