The Birmingham age-herald., 1912-10-18
DEFENSE IF HONEST
 TRUSTS IS MADE Huntington Wilson Lauds
 Taft's Attitude USE SHERMAN LAW Declares Republicans Insist That Mo- nopolies Share Profit of Combi- nation With Labor In Form
 of High Wages
USE SHERMAN LAW

Chicago, October 17.-Defense of "honesi trusts and laudation of President Tafts
 attitude toward industrial combinations of capital were the burden of an address
 here tonight by Huntington Wilson, as-
 sistant secretary of state. Early in his speech MT. Wilson declared scientific reg
 ulation of combinations to preserve the economies to the nation while destroying
 their abuses now was the problem of the
 nation.
 Taking as his theme "The Republican
 Party and the Trust Question: MT. Will sor declared the party has mo quarrel with honest combination for economy in
 production, but it would not permit cap ital to pocket those economies" ''The republican party" he said, in sists that these be fairly divided with la
 bor in form of high wages and with the public in form of lowef prices. The re- publican party policy is a constructive policy and means a square deal for all concerned.
 If the trust is monopolistic" continued
 the speaker, bust 1t with the Sherman law. If it claims, or seems, to be a com
 bination that is not monopolistic, prove 1t by examination. Find out whether it's profits are excessive in comparison to
 usual profits. See that the economies of combination go to the public in higher wages and lower prices and not merely to the capitalist In abnormal profits. Pres ident Taft's policy, with federal ncor- poraton, and with the rule. of reason (that is common sense) in enforcing the Sherman law to break up monopoly and trade restraint affords the means to do these things"
 Mr. Wilson emphasized that what the business men of the country wanted was a clearer standard of conduct on the part of combinations and they ought to have 1t. 'The rest of the public want them to have 1t because they deserve a fair deal on their account as American citizens and also because sensible people realize that most of the rest of the public must flourish or suffer along with the business men"
 Mir. Wilson advocated a law against
 stock watering in interstate commerce corporations.
 There should be rule" continued MT Wilson, making fantastic profits pre- sumptive evidence that competition is throttled by restraint. The federal cor poration law Idea, urged by the Presi- dent, could supply the means to obtain
 the desired result"
 Team work on the part of the Ameri- can manufacturer was necessary, MT WHson ueclareu, IT they were 10 nalntalH their present position in the markets of the world
 "Our competitors" he said, ''are all
 going In for scientific team work, and fl
 we try industrial anarchy instead of vel regulated cooperation, it is easy to see visions of the unemployed legions of the
 future.
 Between the passive policy of the dem ocrats and the so-called progressive party's socialistic visions of excessive pa ternalism, which are sung so sweetly to | the minimizing" MT. Wilson declared ir conclusion, "let us choose the republican party's truly progressive policy of deal Ing with the wrong by law and of estab- fishing facts by the full knowledge in
 cidental to federal incorporation