Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-11-01

For five minutes after the Presl-
dents automobile turned to the river
bank, every whistle within miles was
tied down. The noise in its intensity
reminded the President of target
practice by fleet of battleships
II died down long enough for Mrs.
Alice Roosevelt Longsworth to chris
ten a replica OF the New OrleaDs
the first steamboat on western waters
navigated down the Monossahelia
years ago by her great grandfather
Nicholas }. Roosevelt.
River Banks Are Lined.
There was quiet for moment
again. while the President spoke brief
ly, praising former President Roose-
Welt for his successful efforts In be-
half of the Panama canal. but when
the Virginia" the flagship of the
fleet turned out into the stream, II
started again. For more than an
hour and half the Virginia carried
the President on the upper deck,
steamed down the Monongahella,
down the Ohio. and then back to the
wharf. Both banks of these rivers
We're lined with people.
Tonight Mr.. Taft brought his visit
10 Pittsburg to a close with a speech
At the banquet Of the local chamber
IF commerce, whore he listened to q
plea for the repeal Of the sherman
lnti-trust act by Congressman Martin
". Littleton Of New York.
Littlcton Attacks Law.
Littleton quoted both former Pres
sometime or other as being willing to
have the Sherman law emended. He
declared that there is before the ma
lion in the solving Of the trust ques-
lion the most difficult and FAR reach
ng problem.
1T seems clear to me-, said Mr..
.ittleton. that the sherman law can
lot possibly be made effective In the
discriminating Of the real evil with.
,ut carrying with n too large a sac
'iflce of the whole Industrial fabric,
md that II should be absolutely re-
,ealed and a new policy or scheme
# legislation inaugurated.
Competition u Law of Life
"Any policy must have inherent in
the central idea that competition IL
he final law OF all life; but that it is
growth Just as cooperation is
that 1t is the law of trade ,
nd barter, but not the law Of sta I
utes. It will always exist, but II can \
ot be legislated into commerce any
more than reorganization can be leg
slated into commerce any more than
cooperation can be legislated into
commerce.. II is not competition !
which We seek to MAINTAIN, but the
right to compete with
thers.
Competition Needs no Preserving.
Competition is not con con-
rete thing to be preserved. 1t may I
,e strangled To death by superior
trength uniustly used 1t must be
rec. but not by coddlng the ineffici-
mt or holding everyone back for the
iegards.
1T seems to me we must first con-
Give the definite field OF Interstate
ommerce. Within the compass Of
his territory the power of the federal
oyernment IS supreme. Z
Safeguard Arc Inadequate. d
Interstate commerce is almost O
holly carried on by Incorporated II
oncerns deriving their corporate ;,
larter from some state. 1t frequent
happens that the initial safeguards II
the Incorporating Of these |,
,ncerns are loose and Inadequate. We "a
lust. In my opinion. finally set our !,
.lves TO the task of STRENGTHENING -
ieee initial safeguards. Ii Is bound
, come to this-that the concern Y
roposing to assume corporate form d.
lust be compelled to put behind ev- e