The Sentinel=record., 1912-02-03
ON
 SHERMAN LAW
NEW YORK ElNENctER FLAYs ANTITRUST STATUTE AT A
 NEW YORK BANQUET.
Says Government Should Try to Regu late Before 1t Tries to strangu- late--Judae Grosseup Joins
 in the Sentiment.

New York Feb 2.-Fomer Judge ! Peter $. Gross ur of Chicago. and George W. Perkins, the New York finaneer, were speakers at the ban. quet of the Traffic club tonight and at first uhe 800 diners thought they also had President raft as guest of honor In the midst of the dinner man of torpulent stature, bearing striking resemblance to the chief ex- eoutiye, was ushered into the grand ball room of the Waldorf, aceompa- nied by-an aide dressed in uniform resembling Major Archibald Butt
 The toastmaster announced the presidents" arrival and there was several minutes of cheering before the joke was realized
 Judge Grosseup and Mir. Perkins both 'fayed he antitrust statute Laws so illegible should be no part of the jurisprudence Of free coun. try Judge Grosscup said. He de cIared the moving column of national life was toward organized co-opera --rtor TT rhe place of brutal individual fight and said he wanted to see the "belated column of national law brought up to where it would support the moving column of the nations life"
 Mir Perk.ns spoke in part as fol, lows.
 Somebody in this country is mak- Ing colossal mistake,7 said Gao W. Perkins, tonight, before the Traf fife club an organization of railroad men and merchants
 There Is no logical connection, said Mir Perkins. "between the evils that have existed in our large indus trial concerns and the remedies that the government is trying to apply. In place of regulation we are given segregation and are told That dissolu- ton is mere delusion Government regulation is all right, but govern ment repression is all wrong.
 Somebody in this country is mak- ing colossal mistake. Somebody is woefuIy wrong Is 1t the theoret- cal politician? or the practical busi. ness man? Would 1t be a mistake at least to try to regulate before we strangulatc?
 Tt is time that the business men awoke to what theorists of this coun- try are trying to do Business men have made mistakes; they realize them and admit them but these mis- takes, in their costllness to the peo- pie. will be but as drop .n Hhe buck et in eomparison with the coatliness of the mistakes that our Theoretical foundations have been making in re- cent years and are continuing to make
 "A constructive program does not present insurmountable difficulties. Congress could in a very short time adopt a policy that would give both immediate and prospective relief. and this could be done by working some what along the following lines:
 First create at once, in or ont oF the department of commerce and labor business court or controlling commission, composed largely of ex- perienced business men
 Second give this body power 10 H. eettse corporations doing an inter, state or international business.
 Fourth, make publicity. both be. fore and after license is Issued, the essential feature of these rules and regulations Require each company to secure the approval Of said com mission Of all it's affairs from it's cap italization to it's bbHsifesa practices. n the beginning lay down only broad principles, with a view to eaborating and perfecting them as conditions re- ouire
 ''FIfth. make the violation of such rules and regulations punishable bs the Imprisonment of individuals rath- CT than by the revocation of the Ii. cense of the company, adopting n this respect the method q procedure against national banks in case Of wrongdoingp
 As a'means Of obtaining prospective relief Mr. Perkins suggested the fol- lowing
 ."The house and senate to Join at