Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-01-03
NAGEL SUBMITS
ANNUAL REPORT.
Secretary of Commerce and
Labor Upholds Sher-
man Law
TALKS TRUST CONTROL
SAYS NTXT STEP IN HANDLING
RIG COMBINATIONS WILL BE
PERMANENT FEDERAL
AGENCY.

By Associated Press.
Washington. ID. c.. Jan. THE
mere breaking up of large combina-
tions into number of separate parts
by no means meets the whole Trust
question" says Secretary Nagel OF
the Department OF Commerce and La
Dor in his annual report, transmitted
today to President Taft.
Secretary Nagel declares that the
Sherman law has been proved to be
an effective statute beyond all doubt
and that degree OF combination OF
capital is quite necessary. but he
adds that the Supreme Court deci-
sions in the Standard Oil and Tobacco
cases have demonstrated that the
next step In the control OF great In
dustral corporations viii he the
creation Of permanent federal
agency.
How much control shall be eNer-
cised. whether by commission. fed
eral incorporation or ether means,
which have been advocated recently
by Judge Ebert II Gary, George w.
Perkins and other finaneiers before
the Senate committee which has been
conducting hearings to determine
what changes would be desirable In
the antitrust laws, Secretary Nagel
does not definitely say. He favors.
however a development of the pow
ers and scope Of the Bureau of Cor
porations.
"A certain degree of combination
of capital is admittedly essential TO
the carving On Of our great business
enterprises" says Secretary Nagei.
"1o control properly such necessary
combinations we must have some ad-
minlstrati,e federal office or conf
mission which shall make this work
It's business
I'VE must have permanent au-
thority which shall by steady ana
continuous supervision and publicity
safeguard the public interests and at
the same time allow full scope for
necessary and proper ht siness eff
cicncv and development.
The decisions of the Supreme
Court in the Standard Oil and Ameri-
can Tobacco Company cases have
brought forcibly to the public atten'
ton a fact repeatedly presented In
the reports OF this department -th"
imperative need for the positive ad-
ministra,ive regulation of great In
dustrial corporations.
"Thc recent decisions and recrgar
i7ations which followed have made II
clear that another imperative step
remains to be taken and that this Is
the establishment by appropriate leg
islation. of n broad system OF s'per-
vision and publicity for all those In
dustrial and commercial organiza-
tions engaged in interstate and inter
national business.
whether this shall he done by
means Of federal Incorporation or by
federal office or commissions exer-
cising powers OF rcgu lation and SUI
pervlsion NAV be a secondary ques'
tion. The first consideration appcarS
10 be The establishment OF perma'
nent administrative publicity. regu-
lntion and supervision. Public opin'
10. and the views Of many corpora
ton managers are as one.
Secretary Nagel recommends that
the Bureau Of Corporations be de
veloped to take up the form OF su'
pervision he suggests II wodld be
but a logical expansion Of the bu
reau's operations and policy, which
he saws. have relied solely on pub
licity for the last eight years and
have demonstrated beyond question
what a system of permanent super
vision can do.
MIR. Nagers report in ful, deals
with the years work in the many
bureaus and divisions over which h,
presides.
In connection with the immieratioc
service the secretary recommend
that any amendments TO the iiumigra
tion laws tend TO relieve immiCrant'
OF undue hardship without lettini
down the bars against undesi:ables
Larger discretion should be lodge
with officials, he thinks. to adm!
unfortunate members OF incomin,
families where II is shown that so
cietv would be protected against
burden and danger. He recommend
also that examinations OF immIgrantl
be made before they embark for thi