The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1912-01-03
klGEl GIVES VIEWS
IN TRUST QUESTION
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lhe department uf commerce uud
= iah0f n hia annus5 rTHn tFahs
mHtcd 4r'0fabr to president Taft
8e0aHy harcl de0nuof ihat ihc
I @htrmhH iaW NaF heel proved ~ ho
lnn effective Haiutu beyond n}l
doHbI and ifat dyFrou 90 DoWhr
Z nation et capital 3. quite Urre safy
. hut De shde thHf ius Supreme
cuuu decisions 200 thp Standard ON
bnd Tobacco ca,a layC demonstrn.
tal chat she uoKt eief in tho control
~ frea Industrial corporations will
] bo the creation OF permanent FED.
leral agency
How such q control shall BE cxer-
: Cised Whether by commission fed
lcral incorporation ar other means,
which have been advocated recently
hy Judge Ebert VI Gary, George
Perkins aud other fiuaneicrs before
the senate committee which has
!. been conducting hearings 10 deter
mjEc what cangcs would be desir-
able In the antitrust laws, secre-
tary N8gel doea not definitely say
+ he fayors, however. develop
, Went of the powers and scope Of
the bureau of corporations
"A certain degree OF combination
Of capital is admittedly essential 10
the carrying on of cur great BUSH
ness enterprises, says Secretary
Nagcl TO control properly such
| necessary combinations we must
have some administrative federal
office or commission which shall
make this work its business.
We must have a permanent au-
thority which shall by steady and |
continuous supervision and publlci-
~ safeguard the public interests
and at the same time allow full
scope for necessary and proper
business efficiency and develop
ment.
The decisions of the supreme
court in the Standard Oil and Am
erican Tobacco company cases have
brought forcibly to the public at
tention fact repeatedly presented
in the reports of this department.
the imperative need for the positive
administrative regulation Of great
industrial corporations.
| THE recent decisions and re-or-
CARNATIONS which followed have
made it clear that another impera-
tive stop remains to be taken and
that this is the establishment by APP
Ipropriate legislation, of broad
system of supervision and publicity
for all those industrial and CONNER
cial organizations engaged in inter
national business.
| Whether this shall be done by
means of federal incorporation or by
federal office or commission exer-
cising powers of regulation and SUI
pervision may be a secondary CUES
ton. The first consideration appears
to be the establishment of perman-
ent administrative publicity, regula-
ton and supervision. The time is Pc
lculiarly ripe for such action. Public
opinion and the views of many cor
poration managers are as one"
Secretary Nagel recommends that
the bureau of corporations be deyel-
oped to take up the form of super
vision he suggests. 1t would be but
a logical expansion of the bureaus
operations and policy, which he says
have relied soley on publicity for
the last eight years and have dem
, onstrated beyond question what a
system of permanent supervision
can do.
Mr.. Nagel's report in full deals
with the years work in the many
, bureaus and divisions over which
he presides.
In connection with the immigra-
, ton service the secretary recon-
mends that any amendments to the
immigration laws tend to relieve
immigrants of undue hardship
without letting down the bars
, against undesirables. Larger discre-
ton should be lodged with officials
he thinks, to admit unfortunate
! members of incoming families
where it is shown that society would
be protected against burden and
danger. He recommends also that
examination of Immigrants be made
before they embark for this coun-
! try and that the time for deporting
confessed criminals be extended.
Secretary Nagel refers in passing
, to recent criticism Of the immigra-
ton service. He says the bureau has
endeavored to obey the general
mandate of the law and relieve the
individual of hardship wherever
the statute allows IT,
In the meantime, Lincoln's ad-
vice finds renewed application,
says the secretary quoting the
words, If both factions, or neither
shall abuse you, you viii probably
be about right Beware of being as
sailed by one and praised by the
other"
One of the greatest operations of
J the year in Secretary Nagel's depart
ment was the completion of the
thirteenth census.
A very important Investigation
on the cost Of living is now being
carried on by the bureau of labor.
The report promises to proW le a
basis for intelligent discussion of