Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-01-03
TRUST BUSTING IS
MERELY A START
IN ENDING BIG
COMBINES
Secretary Nagel in Report to
President Declares There Is
Much to Be Done After Dis
solving Corporations.
SHERMAN LAW PROVEN
TO BE THE REAL THING

CBy Evenin9 HernId A. p. LEASED wIreD
Washington Jan. THE mere
breaking up OF large combinations
into number of separate parts by
no means meets the whole trust aues-
ton" says Secretary Nagol OF the
department. OF commerce and labor
IL his annual report transmitted yes
terday 20 President Taft.
Secretary Nagcl declares that the
Sherman law has been proved to be
an effective statute beyond all doubt
and that degree Of combination OF
capital Is quite necessary, but he adds
that the supreme court decisions IN
the Standard on and Tobacco cases
have demonstrated that the next
step IN the control OF great indus
! trial corporations Will be the crea-
ton OF a permanent federal agency.
How such control shall be exorcis-
ed. whether by commission. federal
incorporation or other means, which
have been advocated recently by
Judge Bibert II. Gary George w.
the senate committee which has been
conducting hearings 20 determine
what changes would be desirable In
the antitrust laws. Secretary Nagel
does not definitely say.
lie favors. however q Development
Of the powers and scope Of the bu-
reau of corporations.
"a certain degree Of combination
lssf fs. 4f.N
the carrying on OF our great business
enterprises" says Secretary Nagel
''To control properly such necessary
combinations we must have some adj
minlstrative federal office or COM
mission which shall make this work
It's business.
I'VE must have q permanent au-
thorisy which shaii by steady and
con,inuous supergisl0n and publicity
safeguard the public Interests and at
the same time allow full scope for
necessary and proper business eff
cheney and development.
The decisions OF the supreme
court In the standard OH and Amer
lean Tobacco company cases have
brought forcibly 70 the public atten-
ton "a fact repeatedly presented in
D
imperative need for the positive ad-
minisIrative regulation OF great in
dustrlal corporations.
'"rhe recent decisions and re0rgan-
izations which have followed have
made Il clear ;hat anothgr lmpera-
tive step remains TO be t9ken ana
that this Is the establishment. by ap-
proprlate legislation. Of broad sys-
TEN OF supervision and publicity for
all those Industrial and commercial
organizations engaged In Interstate
and international business.
Whether this shall be done by
means OF federal Incorporation or By
a federal office or commission exer-
cising powers OF regulation and SUI
pery.slon may be a secondary ques-
ton. The first confederation appears
to be the sstabilshment Of permanent
administrative publicity. regulation
and supervision. The time Is pecu-
llariy ripe for such action. Public
opinion and the views of many corr
poration managers are as one
Secretary Nagel recommends that
the bureau of corporations be devel-
oped to take up the form Of super
vision he suRgests u would be but
a logical expansion OF the bureaus
operations and policy which he says
have relied solely on publicity for the
last eight years aud have demon-
Htrated beyond question what sys-
tenn 0f permanent supervision can do.
Mr.. Naeel's report in full deals
with the years work IN the many bu-
renus and division over which he
presldes.
In connection with the immigration
service the SECRETARY recommends any
amendments 10 the immigration laws
that tend 20 relievo immigrants Of
undue hardship without letting ccwn
the bars against undesirables, Larg-
eF discretion shou 0r lodged With
officials, he thinks 10 admit unfor-
tunate members OF Incoming families
where n ls shown that society would
be protected against nurden and dam
ger. He recommend also that ex-
amlnatlons of immgrants be made
before they embark t0r this country
and that the time FOR depOrling con-
fessed criminals be extended.
Secretary Nagel refers IN passing
"a recent criticisms 0f the immigra-
lion service, lie says tho bureau has
endeavorod to obey the general man
date Of the law and relieve the I'M
divlduai of hardship wherever the
statute allows a.
"In the meantime. LlncOin's advice
finds renewed applloation." says the
secretary quoting the words. ~ both
factions. or neither, shgll abuse YOU.
you will probably be- anout right Pc
ware Of being asallod By one and
praised hy ihe either
One of the greatest operations Of
the year IN Secretary NhKois depart
ment WAS the Complcunn OF the thir-
teenth census
a very Important investgatiOn on
the cost ~ liyiny h DOW being car-
ried on by the bureau of labor. The
report promises 20 pro, de 4 basis for
Intelligent discussion ~ this much