Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1912-10-04


of the new party. AS long ago as
August 81, 1911. two days after
Senator LaFollette introduced his
bill to perfect the legal machinery
of the Sherman law, the democratic
Senator Newlands, a strcn9 be-
lever in competition. introduced
a bill for the establishment of an
Intefsta e Trade Commission. The
progressive republican Senator
Cummins and his associates on the
senate committee on Interstate
Commerce have been cooperating
with Senator Newlands in perfect
ing both measures"
Golfers Weekly, said MIR. New.
lands correctly distinguishes be-
tween the two commissions. Mr..
Roo ,evelt's commission is one
organized to recognize monopoly
and to regulate it.. My commission
will be- organized to prevent mono
poly and to regulate competition in
such way as to prevent the
great and powerful trust from de-
stroying its weaker competitors.
Nv bill is intended to do away
with the devices of the trusts
which include holding companies,
interlocking boards of directors.
stock watering and the control by
one corporation of SO large a share
of any industry as to menac cc;H-
petitive conditions. | believe in
the creation of an Interstate Trade
Commission, not to fix prices, not
to regulate monopoly, but to pre-
vent monopoly. | believe that the
enforcement of the Sherman law
by the attorney generals office
with its shifting incumbencies and
changing policies has been far from
satisfactory and favor q change to
an independent commission which,
regardless Of political influence or
executive suggestion will insure The
steady and continuous enforcement
of the existing laws relating to
trusts and monopolies. | believe
It's powers should include ~investi-
cation, publicly, recommendation TO
the president and to congress: that
it should also have the power to aid
the courts in the disintepration of
condemned corporations and should
act either upon the cor,nifint of
citizens or its W initiative in
bringing illegal combinations to
justice Such a commission would
be entirely different from the one
suggested by Messrs. Gary and
Perkins and taken up by the third
party. 1t would not recognize
monopolistic combinations or fix
their price, hut it would bring
them in harmony with the law or
break tn m up. The democratic
party as no fight with big business
in general, il recognizes TIE fact
that large capitalistic unions are
as essential to modern condition:
as m large labor unions, but il
does not propose that these great
capitalistic unions shall become SC
big and so powerful as to insure
the destruction of their competitors
and it does not propose that they
shall pursue the nefariOus practice!
which up to this time have beer
employed in the suppression OF
competition. | firmly believe thai
If 20 years ago at the time the
Interstate Commerce ssiOI
was organized to regulate trans
portation we had organized ar
Interstate Trade Commission such
al ] have been advocating TO re
gulate interstate trade that VIZ
would by this time have practically
settled the problems relating tC
trade as we have settled the prob
lens relating TO transportation
We all know that without injury
to the railroads they have pracit,
cally hecn forced by national ant
state regulation out of politics and
that they are now pursuing their
business in harmony with the law,
We propose to accomplish the same
thing with reference to these
great trade corporations whose
very size has become a menace and
whose practices have become de.
structivu Of general competition.
In closing Senator Newlands
appealed to the democrats Of Elko
county 10 do their full duty in
November by clccting Key Pittman
IN the Senate md Clav TnlImup O.,