Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-10-18

Chicago, Oct. 1Tleefence of Hon
est trusts'' and laudation of Presi-
dent Taft's attitude toward Industrial
combinations Of capital. were the bur
den of an address here, tonight, by
Huntington Wilson. assistant secretary
of state. Early in his speech Mr.. VIII
son declared that scientific regulation
of combination to preserve the econ
omies to the nation while destroying
their abuses was now the problem OF
the nation.
Taking as his theme The Republi-
can Party and the Trust question
Mr.. Wilson declared the party Has no
quarrel with the honest combination
for economy in production but
could not permit capital to pocket
those economies,
THE Republican party he saia.
INSISTS that these be fairly DIVIDED
with labor in form of high wages
and with the public in form OF lower
prices. The Republican party pollcy
lis a constructive policy and means
square deal for all concerned.
IF the trust is monopolistie con-
tinued the speaker, Bust 1T with the
sherman law. If it claims. or seems,
to be a combination that is not monop-
olistie. prove il by examination. t1hd
out whether it's profits are excessive
i'm comparison to usual proflts. see
,hat tho economies of combination go
to the public in higher wages anu
lower prices and not merely TO lne
capitalist in abnormal prohts. ffesl-
dent Tafts policy. with federal moor
roration. and with the Rule of rea-
SON Uhat is, common sense) III en-
forcing the Sherman law to break up
monopoly and trade restraint, aiioros
the means to do these things.
Mr. Wilson emphasized that what
the business men of the county Wah'
ed was clearer standard OF eohuuo.
an tho part of combinations and thae
they ought to have 1t.
.'The rest of. the public want HheIit
To haze it because they deserve a ialr
deal on their own account as Ameri-
Gan citizens and also because senslpie
neonle realize that most of the rest
of the public must flourish or suffer
along with the business men.
Mr., Wilson declared that through the
ration-wide industries which eombh-
ed to increased efficiency and to pro-
States had discovered the modern eNo-
luton of industrial efficiency
.It has come to STAY" he said. 1T
has reduced the cost OF production. II
is logical, economical and sciehtllc
method"
Mr.. Wilson advocated law against
"Stock watering in interstate com
merce corporations. He contenoed sucn
corporatious should be forolddeh u
Issue any securities except Tor casn
mr. property or service ofhclally as
sessed. ..,,,,oa
"There should be a rule continued
Mr. wilson. .maSing fantistlc prohls
presumptive evidence that compe,itioh
is throttled by restraint ana Jaw w
protect the wage Garner and eohsoi'i'
er from seeing the economic auNatt
taee of combination go through stoo"
watering, into the pockets OF the prO
meters. The federal corporation law
idea. urged by the President cou'"
supply the means of publicity anu ~
ducement. The bureau and corpoia
lions could be transformed INTO "
vision of the Interstate CONNER y
Commission and organized to pass anu
bring within the law incorporation ~
interstate commerce
Mr.. Wilson denounced that III.
munity bath" as applied to officlais VI
big corporation under investigation ny
Congress or the courts.
Team work on the part OF e'e
American manufacturers was heces-
sary, Mr.. Wilson declared, IL thes
were to maintain their present posi-
ton in the markets of the wofla.
Our competitors" he said are an
going in for scientific team work anu
if we try industrial anarchy lhsteau
of we'll regulated cooperation y
easy to see visions of the unemployed
legions of the future