Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-02-01
SHERMAN LAW DOES
NOT MEET NEEDS
Of BUSINESS
IS VERDICT
National Civic Federation
Finds That Public is in Fa-
vor of Less Involved Stat
ute Than Present One.
NO SENTIMENT FOR
REPEAL rs FOUND

tDy EvebfsE Hernld A. y. Leases wtrsl
New York, Feb. 1.-The National
Civic federation today made public
AN analysis of 10000 answers received
by It 10 a series of question concern.
ing tho sherman law. The analysis
of the answers Is summed up by the
federation as follows:
The replies Indicate little sentl-
ment IN favor of the unconditional re-
peal OF the Sherman law ON the other
hand, IL Is shown that there is prac.
tically no desire TO abolish large COM
binations The public have no desire
for government ownership ON one
side, or unrestricted and unregulated
private or corporate control on the
other. They viii accept large com
binatlOns adequately regulated"
The questions were sent to editors.
political economists, lawyers, public.
lists, statisticians. manufacturers. mer-
chants, bankers and the officers Of
commercial, labor and other organiza-
lions.
Going into detail regarding the re
plies the federation says:
Eighty-four per cent OF the answers
pronDmSe the sherman law neither
clear nor workable; or workable with
out being clear. but only some 20 per
cent declare In favor of It's repeat
or these latter the larger number
add that III not repealed, It should
be- amended" etc
substantially the usual phraseology
Of suggestions for amending the
sherman law Is Make 70 so that bust.
ness men can understand 70" or Bring
10 into line with modern business
conditions
Eighty per cent of the replies favor
federal license. or incorporation. for
companies engaged in Interstate com
merce, about One-third of the 50 TAX,
ing federal license as an alternative
Seventy-ilve per cent are opposed TO
holding companies while OF the re.
maindcr nearly all want holding com
panies bound by restrictions that
would prevent abuses
Government regulation OF capital
zation is approved By 80 per cent OF
those TO whom that question was sub
mitted. a few Of the mi; 0rity who dis
approve suggesting that over capitali-
zation Is not always an evil. but
sometimes brings capital into action
that would otherwise remain idle
Three important advantages claim.
cd Tor those doing business on a large
scale--economies ia production, econ
omtes in distribution and greater use
of by pruducts-are amitted without
dissent by all who answer that query
Steadior employment of labor and at
bettor wages and better protection
against industrial accidents are de-
MED hy 80 per cent aud more com
mand OF international trade and com
nand of the best ability are doubted
ny ten per cent of those answering
About so per cent favor an inter
state industrial commission. some
qualifying with the condition that Il
should be composed of business men
only and two labor Representatives
proposing that the commission should
consist Of one member form each stat,
IA sort of interstate business senate
"A comparatively small proportion
are In favor of control OF prices boy aT
industrial commission.
THAT business conditions are dis
turbed nearly every reply admits II
the thousands OF replies received I