Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1912-07-24
IN DE DRASTIC REGULATIONS
GhiS ADVICE on HANDLING
MN CONCERNS ENTERING
INIEIisTlTE COMMERCE.
RELIEF IN FEDERAL COURT


WASHINGTON, July 23.-After a
irusiuy discussion of industrial condl-
lions ana The possibility Of the deyel-
upm,ut of the corporations In to-
days steel Investigation. Mr.. Little,
on said I'm parts
II is my belief that the federal
government should rcsolutely chal-
lcnge rvvry corporate concern seeking
entrance into the field Of interstate
commerce ana compel It To conform
t1 standard which viii insure, first,
mat the concern has behind oyory is
sued share Of stock the real value
which the share represents. not only
for the protection Of those who buy
Tho stock, but TO Insure that II will
not lower the standard Of its product
to force a. dividend on executive cap
utilization ana thus tend To demorlalizs
the industry. 70 do this effectively,
both as a security to the public ana
ns rcacting Influence upon the policy
of the states, the federal government
should require corporate concerns en-
irring the field Of interstate commerce
To submit their statutes .gnd their true
condition TO II board created for that
purpose.
Shohiu hhic tomphnlcs,
A rate OF each company examined.
with fun and authentic data, should be
Kept and the rules of the conduct OF
the board should be enacted into a
law by congress and no concern should
be allowed 10 enter the field OF inter.
state commerce until the board had is.
sued q certificate to tho effect that
the concern had compiled with tho
law governing its admission.
Make Drastic Regulations.
"To make drastic regulations as TO
nll future concerns entering into in
terstnte commerce and leave unregu-
lated ana undiscipllned those already
engaged, which without restriction
have been allowed TO enter into that
field would produce discrimination at
once unjust and harmful TO the new
concerns"
Mr.. Littleton urged that the conn
mission which he proposes be mado
clos | responsible to congress. He con-
cluded.
we should save the field Of inter-
state commerce as a territory into
which any corporate concern, after
passing proper examination should
be allowed to enter. and having en-
tered, they should be governed by a
definite code OF Industrial regulations
enacted by congrcss. Gradually, by
the careful study OF industrial devel.
opment, by reuniting laborlte reports
ana by wise and lust control, n sys-
tenn of rules governing interstate COM
merce should be developed and these
rules would become familiar to every-
one engaged in IT,
Would Reward Fair Concerns.
Instead Of lodging the exclusive
fight to apply for and obtain an in
junction In the hands Of the attorney
general, IT should be provided that any
person whose property and estate,
business or enterprise Is threatened
with injury or damage in violation of
any Of the prohibited acts or in vio-
lation Of the conditions on which the
concern was admitted to the field OF
interstate commerce. could apply TO
any federal court having territorial
jurisdiction, for an injunction to re-
strain the person or corporation
threatening the injury II a concern
admitted 10 the field OF interstate
commerce should obey the rules and
laws provided for its government in
that field, and should by skill. ef-
f,lcncv and energy grow TO rnormous
size and earn rich rewards ! would
count these rewards as the fruits OF
that industry. the harvest Of energy
and genius and the crowning triumph
Of q civilization resting upon tho
doctrine of individualsm."