The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1912-10-29
TWO BIG ISSUES,
SAYS GOLFERS
TIE IsriS ard ire >rocer 1rezt'
~snt 81 ycrcccdes-
WONT nE TO ROOSEVELT
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isazL!Hlznt, al. tEs vss:ss IL .E.z.r
aH1 destructive cnl. c-zt.ti1l are paIgiy
GsEscsssa-7. TksT vii t@ Largely
eliminated phsa cSzDe,itso1 IA r.z1-
kts1
The IA Fslls,tsL>nroot and TIE
s'aIlsT bills 70 perfect ths Shsrmaa
kp znl the Ssplza1lC1mniEs PRO
DIsals ,or az intsrstats trade conniA
sion are al! directed "a rart 70 that
sIs The remaining vastss Of camp
tition may b@ hksnsc 10 the wastes Of
tsnoersc7 Thsss are obyio1s. but We
ksor also ths, dsnsocrany has con1-
r.nast.ons ykich render II -. Ell
e.srt than absolgt!sm 20 II In in
css,r7. The naryin b>trsen pha,
nsn naturally 10 and What they can
IN is 10 great tha, the system Vkich
urges men On 10 sSort 10 the beg, syS
TEN
The nscsssary wastes o' r1osopoly.
On the other hand. are snorao1s 5ona.
o. tksse czn. 81 cogrss be eliminated
ty regulation. An Efficient iItersS,s
trade cornmisslon. acting under sDrro-
pirate Legislation. could put ar end 70
mach ~ the oDpression of Thtch trusts
have been guilty. II crglf pre7snt IN
t8st determination. II cogld prsysnt
r5thless and unfair Us@ u pousr. bat
q Yogernnent conmissiOn would be
Dossrlsss ~ secure FOR The people the
lor prices commonly attendant upon
competition.
"As no means ezis, for determining
whether greater net earnings are due
~ greater eficacy ln management Or
" excessive profits. large net earnings
would be followed bY compgisory re-
dgttlon u prices. which IN turn would
crate 4 sense of Injustice suffered.
pafalyze individual enterprise and pro
d4cs unDrog geasiye. Hllpahod manage
mont me attempt ~ secgre lDi0
priles hrough prtce hxtn9 Do8h
pr1pe a. impoient ns the statute,
phtch have sDught n protert the pun
IL IN rqilroad rGtes Jy limiting he
dirldends
The interstate commerce cOmmls
sion has been invoked "a an argument
IN favor OF licensing monopoly That
commission has stopped many abuses;
II has practically put an end to cor
rupt and corruptlng discrimination In
rates: II has protected the shipper
from oppression and arrogance and In
justlce It has prevented unreasonable
advancss in rates; but II has occurred
comparatively few notable reductions
In rates. except those involved In
stopping determination between per
sons. places or articles. n hds been
pOUerless 10 reduce operating costa,
and greater TedpcttDns IN rItes can
come only tCth reductiOns In the cOst
Of producing transportation. The In
Justice and corruption attending the
earlier railroad period were extremely
Errious But We must not forget that
the sUecDin1 reduchOns IN American
ODer itinO Costs and rGtes belOng ~ the
earlier pertOd NJ competition among
rdtiroGds. In the ten years from 1899
10 1893. while competition among the
railroads VaB active. the freight rate
per ton per mile VAS gradually re-
dused from .9U 10 72I. Tho years
1t5JI5O0 marked The great movement
for combination community Of In.
tcrest In the railroad world AS we'll
o. IN the Industrial world. The freight
rate per ton per mite began 10 yisc. In
each of the eleven succeeding years It
vas higher than In 1899, and In 1910
Il was 7j3
THE deadcnIng effect Of monopoly
~ illustrated by It's arrest OF inyen-
tlon. The shoe machinery trust. form
ed in 1899. resulted in combining. d.
rectly and indirectly. more than 100
shoe machinery concerns II acquired
substantially monopoly OF all the es-
sential machinery used in bottoming
boots and shoes, aB well as many 9th.
or machines. II believed itself unas-
bailablc. and shoe manufacturers had
come to regard their subsection to the
trust as unavoidable. Nevertheless. in
1910 the trtgt foupd its nregtIge gud-