The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1912-02-01
.'N|AGEL ON The
TRUST PROBLEM
Secretary Urges Development Of
Bureau Of: Corporations.
FOR MORE FEDERAL CONTROL
Holds Some Degree Of Combination
Essential - Mere Breaking Up Of
Trusts Into Parts by No Means Meets
the Whole Question, He Says.

the Whole Question, He Says.
THE mere breaking up of large COM
b1nat1ons into a number Of separate
parts by no means meets the whole
trust question:" says Secretary Nagel
OF the department of commerce and
labor in his annual report.
Secretary Nagel declares that the
sherman law has been proved to be an
effective statute beyond all doubt and
that degree Of combination of capt.
tai is quite necessary, but he adds that
the supreme court decisions in the
Standard Oil and tobacco cases have
demonstrated that the next step in
the control Of great industrial corpora
lions will be the creation Of a perma-
nent federal agency.
How such control shall be exercised.
whether by commission, federal incor-
poration or other means, Secretary Ma
gel does not definitely say. He favors,
however. a development of the powers
and scope of the bureau of corpora
tons. He says:
I'VE must have permanent author
ity which shall by steady and contin-
uous supervision and publicity safe
guard the public interests and at the
same time allow full scope for neces-
sary and proper business efficiency and
development.
Bureau Of Corporations.
1.-The recent decisions and reorgani-
cations which followed have made it
clear that another imperative step re-
mains to be taken and that this is the
establishment by appropriate legisla-
ion of broad system of supervision
and publicity for all those industrial
and commercial organizations engag-
ed in interstate and international bust
ness.
whether this shall be done by
means Of federal Incorporation or by
federal Office or commission exercis-
ing powers of regulation and supervi-
sion may be secondary question. The
first consideration appears to be the
establishment of permanent admins
trative publicity, regulation and super
vision. The time is peculiarly ripe for
such action. Public opinion and the
views of many corporation managers
are as one."
Secretary Nagel recommends that the
bureau Of corporations be developed
to take up the form of supervision he
suggests. It would be but logical ex-
pansion of the bureaus operations and
policy, which, he says, have relied SOLE
~ on publicity for the last eight years
and have demonstrated beyond ques-
ton what a system of permanent su-
pervision can do.
In connection with the immigration
service the secretary recommends any
amendments to the immigration laws
that tend to relieve immigrants of un-
due hardship without letting down the
bars against undesirables. Larger dis
erection should be lodged with officials,
he thinks, to admit unfortunate men,
bers of incoming families where it is
shown that society would be protected
against burden and danger. He recon-
mends also that examinations of immi-
grants be made before they embark for
this country and that the time for de-
porting confessed criminals also be ex-
tended
Refers to Criticism.
Secretary Nagel refers in passing to
recent criticism of the immigration
service. He says the bureau has en-
deavored to obey the general mandate
Of the law and relieve the individual
Of hardship wherever the statute al
lows it.
a very Important investigation of the
cost of living is now being carried on
by the bureau Of labor.
1.-THE report promises to provide
basis for intelligent discussion of this
mooted question:" says the secretary.