The Daily Missoulian., 1912-10-13
TRUSTS ORGANIZED
IN new jersey
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that New Jersey was. above any other
commonwealth, the trust state" of the
country and, while it had laws that
could be used with great effect against
the trusts, Governor Wilson had pur-
sued a "do-nothing" policy in that re-
gard.
In sketching his own record on the
trusts while president Colonel Roose-
Welt said:
= made no such impression by my.
repeated messages and addresses that
the republican platform in 1908 did
definitely promise action along the
lines | had indicated-although the
promise was broken by those in
charge of the republican patty as soon
as ] left the presidency
Mr.. Wilson during his term as
governor of New Jersey has not done
one least little thing of any shape,
sort or description toward dealing
with the trust problem.
Yet the opportunity has been am
pie. And if his own doctrines as to
the duty of the states to deal with
the trusts are correct, then this fall
ure to act has been inexcusable. The
same trusts against which | actually
did not act were incorporated under
the laws of New Jersey and 1t was
perfectly simple for him to act against
them, but he never followed my fex-
ample. The big corporations owe
their license either to the inadequacy
of state laws or to their non-enforce-
ment.
The democratic platform denounces
the effort to deprive the states of any
of their rights in connection with
dealing with the trusts, insisting that
no federal action shall be substituted
for state remedies for the prevention
of private monopoly; that is. of the
trusts. I'D.
1T appears that Mr.. Wilson ex-
plicitly recognizes the theory that it
is the prime duty of the state govern
ments rather than of the national gov
ernment to deal with trusts.
In New Jersey.
For the most part, the modern
American trusts have been incorporat-
ed in the state of New Jersey and are
subjected to it's laws. They depend
upon the state. government for their
powers and their life, both of which
may at any time be cut off if the
state government sees fit to take such
action For nearly two years, Mr..
Wilson has been the head of this state
government. If the Standard Oil
company or the tobacco trust has, in
Mr.. Wilson's opinion, been guilty of
gross frauds or attempts to monopolize,
hai cfafa nor No f1yy
amended, altered, or repealed.
There is a criminal statute in New
Jersey applying to corporations which
affords ready at hand a simple rem
edy of the kind which Mr.. Wilson
and his supporters have repeatedly
stated would be the most effective to
meet the evils of the present situa-
ton.
"Yet. although his power is ample
under these provisions of the laws.
Mr.. Wilson whilk governor of New
Jersey has not urged or attempted to
secure the amendment, altering or re-
peal of single corporation charter of
New Jersey. Nor has he attempted
| to secure the indictment of any Of
4 fieer, director or employe of such a
corporation under the act of 1905.
when Mr.. Wilson thus utterly fails
as governor of New Jersey to come up
to what he himself says a governor
ought to do, it is not to be wondered
at that his criticisms of, the govern
ment proposals for dealing with the
trusts should be futile in their utter
unsoundness.
"All of this throws curious light
cn Mr.. Wilson'S statement, reported
in the New York papers as having
been made in Denver the other day. to
the effect that there was a 'hallelujah
chorus of the trusts in my favor.
hope that the quotation is not ac-
curate, for, of course, there is nc
foundation for such statement. The
only man that Mr.. Wilson can refer to
among my supporters as representing
any trusts is Mr.. Perkins, unless, in
deed. he includes Mr. Munsey. These
two men are men of means, precisely
as MIR. Cleveland had Dodge, and Mr.
McAdoo and Mr.. Crane, Mr. Wilson'S
intimate associates, are men of means
$50 far as I know of Mr.. Perkins
associates in these corporations, one
or two are supporting no one and al
the rest are supporting Taft or Will
son." @:".