Pine Bluff daily graphic., 1912-08-29
UPHOLDS ACTION OF
 THE SUPREME COURT
THANK F. KELLOGG, TRUST RTST. Ek. REVIEWS PROSECUTIONS BEFORE STATE BAR
 ASSOCIA ATION.
Power of Federal Government Has Been Established Over Combi.
 nations and Corporations.

to the O1ten repeated state ment of Colonel Theodore Roosevelt that the Standard Oil and Tobacco trust decisions were of no intrinsic value, Frank B. Kellogg, the govern ment trust buster, who conducted the prosecution of these trusts, today up- held the Supreme Courts adjudica- tlon in his speech here before the American Bar Association.
 Kellogg has joined the ranks of the Progressive party and his praise of the Sherman antitrust act and it's practical effect in controlling big business proved easily the feature of the second days session of the asso- ciation
 In answering the hypothetical question:: What has been accom- baoco Trust decision?" Mr. Kellogg said, that primarily they had estab- lished the power of the federal gov ernment over combinations and cor porations organized by state author ity-a power that until these de- cisions was denied.
 He said that to the smaller cor porations and individuals engaged ill business the decision brought protec- ton from the control and domination today the independent oil and tobacco manufacturer is enjoying the right to engage in business with fair oppor- tunity to compete.
 He explained the increase in value Of the stock of the various Standard Oil companies since the dissolution by stating that prior to the publicity given these corporations by the gov ernment decisions the public was un- aware of the intrinsic value of Stand ard Oil stock and that when the gov Standard Oil earnings ard assets in yestors naturally. began to find out their worth and the stocks steadily increased in price.
 In keeping with New Nationalism,' the subject of his address, MT. Kel- logg proposed still other steps for the more equitable conduction of the business of great corporations. He advocated the institution of a Corpor- ation Commission in the Department of Commerce and Labor with right to supervise industrial corporations of this country, stating that it was futile to attempt to control the in dustries of the country through criminal or civil actions prosecuted in the courts by the Federal Govern ment. This commission he stated should amount to the federal license and control of corporation but should not attempt to control the prices Ct these corporations.
 MT. Kellgg also injected a new note into the symphony of New National ism by suggesting the feasibility of federal owned and operated trusts in competition with those already pri- vately in existence, and further stat ed that where the wealth of cor poration endangered the independ- ence of other industries it should be subject to government supervision. Such corporate control would apply only to those trusts doing interstate business.
 In touching on the initiative and referendum, MT. Kellogg stated that under present circumstances he could see no objections to the peo- pie initiating these amendments if they were surrounded by reasonable safeCuards so as to prevent sudden and unwise changes in the fundamen- tai law of the state.
 With regard to the recall of offi- cials MT. Kellogg was of the opinion that the short elective term was a wiser provision for the removal of an offending officer. The judiciary he said, should be as far as possible removed from the influence of the other two branches of the govern ment.
 MT. Kellog saw no danger to the IInited States through the excesslve wealth of individuals, stating that mo individual ever has monopolized anu controlled the industries of the couh- trv or ever will do so except through the course of the law
 In closing he made strong piea for paternal legislation looking to- ward the welfare of the worhins man.