The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1911-12-05


ell M cQ1cq
ti1li = tatuf I'd tint
81 ~. q n 90 = the som
Il, I5e ~ efi = en- tIlIlls Ito -
coTitinnf : IN mon of the 50 tllees
5TI5e IN e. o. tlIS liyy tea 'silse
Is that when men attempt 70 am.
such stupendOus capital as win .fsnal pc
them 10 suppro .g0pnp liticn. Control
\ nrIcS3r and u u Is fsll u r1onopOlg they
know. the bnSIid OF their pcta- Alen
do not, do such a thing without having
II clearly On mind. II what tleS us
merely for the p1Eppse e Of RED INC! Nc me me,
Eecst OF product lon. bout the inc liglat
ko6supp cOnd iflqn ~ use OF tE ~
bIgness Of the plaiIie they are eating.
( tflen they cannot be convicted az the
dime che union IS made. nor can they
/ be convicted later unless Il happen
that later on they concludeF TO sup
press competition and takest he dsOal
kmethods for doing 50 andsthHs estab7.
fish for sthemselVe a monopoly They
] can in such cease 1ardly complain if
| the motive which subsequently Is dis
closed is attributed BY the court to the
i Original conbinatfo
New Rsnodioss spsssstod.
Much IS, said Of the repeal Of this
statute and OF constructive legislation
intended to accomplish the! purpose
and blaze a clear path for honest fner-
i.chants and business men to follow. 1t
mRy be that such plan win be
! evolved. but submit that the discus
sIons which have been brought ont IN
recent days by the fenr OF the con-
tlnued execution OF the antitrust law
/ have produced nothing but glitteFing
/ genernlftIeS and have offered no. line
- &c 5eaGi-
1 mite and as clear as that which the SUI
preme court Itself lnys down in en-
forcing the statute.
Supplemental Legislation Nssded' Not
Repeal or Anendnsnt.
see no objection. and indeed I can
see decided advantages. In the enact
ment OF a law which shall, describe
! and Cienounce methods of. competition
I which are unfair. and are badges of the
unlawful purpose denounced in the
antitrust law. The attempt, and pur-
pose to suppress competitor by nm
derselIIng him ut a price so unprodta-
Bile as TO drive him out OF business or
the making OF exclusive contracts with
customers under which they are re-
0uired to give up association with 9th
er manufacturers and numerous kin
dreh methods for sitting competition
and eRectinG monopoly should be de
scribed with sufficient accuracy in n
criminal stltIts-on the one hand to
enable the Sovernmen to shorten It's
! task by prosecuting single misdenean-
ors instead of nm entire conspiracy and
ON the other hand TO serve the purpose
of pointing, out more in detail to
the business community what must be
avoided. 80
E9OaaPT161aF3GyRG-
In n special message TO congress on
Jan. z. 1910. ventured to point out
the disturbance to business that would
probably attend the dissolution Of these
Offending trusts said:
But such an Investigation and pos
sibIe prosecution Of corporations whose
prosperity or destruction affects the
comfort not only OF stockholders, but
of millions OF wage earners, employees
and associated tradesmen. must, neces-
sarily tend to disturb the confidence
of the business community. to dry up
! the now lowing sources of capital
from it's places Of boarding and pro-,
! duce a halt IN our present prosperity
that WILL cause suffering and strained
circumstance among the Innocent
many for the faults OF the guilty few.
The question which / wish In this
message to bring clearly to=the cOn-'
sheraton and discussion. OF congress
IS whether. in order TO avoid such q
possible business danger. something
cannot be done by which these bust
ness combinations may be offered a
means. without great financial dis:
turbance. OF changing the character..
organization and extent OF their bust7
ness into one within the lines OF the
law under federal control and super
vision. securing compliance with the
antitrust statute.
Generally in the industrial combina-
lions called trusts the principal bust
ness is the sale OF goods in many states
and in foreign natkets-iu other words.
the interstate and,foreiGn business Tar
exceeds the business done I'm any one
state. This fact Will Justify the fed
ernl government in granting a federal
charter TO such combinatiOntto make
md sell In interstate and foreign COM
merce the products. OF useful IuRnufac-
ture under such Limitations as will Sc
cure a compliance with the antitrust
law. It is possible so to frame stat
ute that, while it offers protection to a
federal company against harmful Vex--
atfous and unnecessary invasion by the
states. it shallN subject it to reasona-
bic taxation and control by the states
with respect to its purely local bus1-5