Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-09-28

this. he remarked:
II is true that Mr.. Roosevelt has
recently favored similar commits.
sion, but the duties of the com.
mission which he favors differ radi.
cally from the duties assigned to
the commission which l favor.
This has been clearly pointed out
in a recent article in Golfers
Weekly. in which Golfers says:
Shall we have regulated com
petition or regulaed monopoly
=, No machinery exists today
:. .eluate to carry out either the
p.,licy of competition or the policy
of monopoly ." The Interstate
Trade Commission is no invention
of the new party. AS long ago as
August 81, 1911. two days after
Senator LaFollette introduced his
bill to perfect the legal machinery
of the Sherman law, the democratic
Senator Newlands, a strong be-
lever in competition, introduced
a bill for the establishment of an
Interstate Trade Commission. The
progressive republican Senator
Cummins and his associates on the
senate committee on Interstate
Commerce have been cooperating
with Senator Newlands in perfect
ing both measures.
Golfers Weekly, said Mr.. New
lands correctly distinguishes be-
tween the two commissions. Mr..
Roo sevelt's commission is one
organized to recognize monopoly
and to regulate it. My commission
will bt organized to prevent mono
poly and to regulate competition in
such a way as to prevent the
great and powerful trust from de-
stroying its weaker competitors.
NV bill is intended to do away
with the devices of the trusts
which include holding companies,
interlocking boards of directors,
stock watering and the. control by
one corporation of so large share
of any indu:t try as to menace COM
petitive conditions. ! believe in
the creation of an Interstate Trade
Commission, not to fix prices, not
to regulate monopoly, but to pre-
vent monopoly. / believe that the
enforcement of the Sherman law
by the attorney generals office
with its shifting incumbencies and
changing policies has been far from
satisfactory and favor a change to
an independent commission which,
regadless of political influence or
executive suggestion will insure the
steady and continuous enforcement
of the existing laws relating to
trusts and monnpolies. | believe
Its powers should include investi-
cation, publicly, recommendation to
the president and to congress: that
it should also have the power to aid
the courts in the disintegration Of
condemned corporations and should
act either upon the complaint of
citizens or its own initiative in
bringing illegal combinations to
justice Such a commission would
be entirely different from the one
suggested by Messrs. Gary and
Perkins and taken mp by the third
party. 1t would not recognize
monopolistic combinations or fix
their prices, hut it would bring
them in harmony with the law or
hreak tn m up. The democratic
party as no fight with big business
in general, it recognizes tie fact
that large cspitslistic unions are
as essential to modern conditions
as are large labor unions, but il
does not propose that these great
cap1talistic unions shall become SO
big and so powerful as to insure
the destruction Of their competitors
and it does not propose that they
shall pursue the nefarious practices
which up to this time have been
employed in the suppression Of
competition. l firmly helieve that