Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1912-02-03
IS A COLOSSAL MISTAKE
SAYS WE NEED MORE PATRIOT
ISM AND LESS POLITICS IN
AFFAIRS.
He SUGGESTS A SOLUTION
Believes In Constructive. Rather
Than Destructive Policy To-
Wards the Trusts

NEW YORK, Feb. Somebody
IN THIS country Is makine colossal
mistake. What We need is more pat
rlotlsm and less politics
George w, Perkins thus complained
OF the federal governments attitude
toward corporations In an address de-
liNered here tonight before the Traffic
club, an organizaton of railroad men
and merchants.
There Is no logical connection"
sald MI Perkins, between the evils
that have existed in our large indus
trlal concerns and the remedies that
me government is trying to apply. In
place of regulation we are given seq
regation and are told that dissolution
Is the solution, while every practical
man knows that dissolution is a mere
delusion. Government regulation is
all right, but government repression
is all wrong.
Everybody l. Wrong.
Everybody in this country is MAX
ing colossal mistake Somebody is
is woefully wrong. II is the theoretl-
cal politician or the practical man.
Would It be a mistake to regulate be-
fore we strangulate.
IL Is time that the business men OF
this country awoke to what theorists
of this country are trying to do. Bus
mess men have made mistakes. They
realize them ana they admit them,
nut these mistakes in their costliness
to the people, would be but as a drop
in the bucket in comparison with the
coslliness Of the mistakes that our
theoretical foundations have been
making In recent years and are con-
tinuing to make.
Suggests His Pan.
"A constructive program does not
present its surmountable deficiep-
cies. A solution would be COMPARE
lively easy and prompt, if we would
have little more patriotism and
little less politics. Congress could in
a very short time, adopt policy that
would give both immediate and posi-
tive relief, and this could be done by
working along the following line:
First, create at once, in or out Of
the department of commerce and la
Dor, a business court or controlling
composed largely of eN-
perienCed business men.
Second, give this body power to Ii
aense corporations doing an inter-
state or industrial business.
Third, make such license depend
upon the ability Of corporation to
comply with conditions laid down by
congress when creating such COM
mission and SO regulations can be pre-
srribcd by the commission itself
Believes ia Publicity.
Fourth, make publicity both before
md after license is issued. the essen
ial feature of these rules and regula-
lions. Reqgire each company TO Sc.
cure the approval Of said commission
)l all its affairs from its capItaliza-
lion to its business practice In tire
beginning lay down only broad prin-
'iples with a view to perfecting them
rs conditions require
Fifth .1ake the violation Of such
rules and regulations punishable by
he Imprisonment of individuals.
'athcr than by the revocation of the
license of the companies, adopting In
his respect the method ot procedure
against National banks in case Of
wrong doing.
Wants Construction Gang.
As a means OF obtaining prospective
Mr.. Perkins suggested the
olloWng
The public to join at once in sup
PORTING their representative to bring
bout such laws and amplifications.
Said commission 10 study and re-
,ort on the wisdom ana practicability
# national incorporation act
THE time has now come when We
re Obliged to stop and fight the
question out The developments Of
he last few months make it clear that
dissolution is no solution. The wreck
NJ crew has been working overtime.
I is now time to put the construction
ang on the job.
a.