The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1912-08-08

OF lndomitable energy. am moi
afraid of anything that is normal.
Care say we shall eve return to the
OH order of individual competition
and that the organization of business
upon a great scale of cooperation is
. up to a certain point, itself norma.
and inevitable.
Power in the hands of great bust.
ness men does not make me appre-
%hensive, unless it springs out OF adj
Vantages which they have not Great
ed for themselves. Big business is not
dangerous because it is big, but be-
cause its bigness is an unwholesome
Initiation created by privilege and
exemptions which it ought not to en-
JOY. While competition cannot be
created by statutory enactment, ii
can i'll large measure be revived by
changing the laws and fo|rbidding the
practices that killed it, and by enact
ing laws that will give it heart and
occasion again. We can arrest and
prevent monopoly. 1t has assumed
new shapes and adopted new process
SEES IN our time, but these are now be-
ing disclosed and can be dealt with.
Trust Law Intellectual.
The general terms of the present
federal antitrust law, f%orbidding
combinations in restraint of trade
have apparently proved Intellectual.
trusts have grown up under its ban
very luXuriantly, and have pursued
the methods by which so. many of
them have established virtual mono
poles without serious let or hind
rance. 1t has roared against them
like any sucking dove. | am not as
. GnCG N n Tho .Ar,1 ,-,L,Js.- r -
ly stating the fact. But the means
and methods by which trusts have
established monopolies have now be-
come known. 1t Will be necessary to
supplement the present law with such
laws, both civil and criminal, as will
| eifecthally punish and prevent those
methods, adding such other laws as
may be necessary to provide suitable
and adequate judicial processes,
whether civil or criminal. to disclose
them and follow them to final verdict
and judgment. They must be speci-
fically and directly met by law as
they develop,
But the problem and the diff
Guilty are much greater than that.
There are not merely great trusts
and combinations which are to be
controlled and deprived of their pow
err to create monopolies and destroy
rivals; there is something bigger still
than they are and more subtle, more
evasive, more difficult to deal with.
There are vast confederacies Gas |
may perhaps call them for the sake
OF convenience the banks. RAILWAYS,
express companies, insurance comp
anleS. manufacturing corporations, |
valon,9ant aar,aani anN We
~ ~ oi.a1a h"l , ~ VI = ne irat
faot ~ a. $3.50 + $50 " ~
and ~ r1nT,io,s 81 = ~ ~ nc 500
directars ara 6nntro1I n,d'i n9'ius %
- otieu %hu qsuaI-
closeIv in lnaIs+65 49, aI-| - anu
800 ~ -. +tls 1879 - ! Sei-
eracv mon'3 cont 15,doitss ~ -
and ,,hn, a. 'ibs = gdI,}Iants S pish'g
eternrise TTard lie 80 ~ 49, :
~ - 'lo'NiHS l44SaatE
can perceive. They have coma abn,,t
very naturally, generally without
plan or ~deliberation, rather because
there was so much money to be in
vested and it was in the hands, at
great financial centers, of men ac-
qualnted with one another and init
mately associated in business, than
because anyone mad conceived and
was carrying out a plan of general
control; but they are none the less
potent a force i'm Surdeeenomic and
financial system on that account.
They are part of our'problenl. t1heir
very existence gives irises1fo the sus-
plcion OF Il "money trust. ri concen-1
trat1on of the control of credit which
may at any time become infinitely
dangerous to free enterprise. Ii such
a concentration and control does not
actually exist, it is evident that it can
easily be set up and used ut viii.
Laws must be devised which will pre-
vent this, if laws can be worked out
by fair and free counse that will ac
compiish that result without Destroy
ing or seriously embarrassing any
sound or legitimate business under
or necessary and wholesome
arrangement.
!loi. Conservation.
az do NOT know
lion than ~ ~ ans state quss-
baan = snan 4 " = ~ sat!oN' We
i idtloH anu