Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-12-16

ms Leased Wire 20 Evening EI01aIdl
WHHhinGlou. Dec. 16.---Churles Ma
gel. secretary OF commerce and labor
would sharply define and restrict the
powers ana discretion of the proposed
federal commission 20 regulate i'm
dustriul corporations In his annual
report submitted To President Teft to-
day tho secretary opposes the endow-
ment OF such "a commission. " finally
created by congress, with Tar-reach.
log powers equal To those exercised
by the interstate commerce commits
SION over railroads. IFS disapproves
the suggestion that the commission
have authority 10 Tx prices OF com
rf0ditiea.
FspitomlzIng his doctrine for gov
erhmental supervision nt business,
Mr.. Nagei suys:
Instead of pressing federal regula-
ton Rs far AZ possible the real desi-
defatum In Legislation affecting the
Countrys business should be TO pre-
serve To the greatest extent cOnslHt-
ont with the public welfare. the aEe-
ment of differentiation The effort
should bo To lay down principles OF
conduct sufficiently SPECIFIC 10 Impose
| desired rcatruinlE, at the same time
leaving wide Held for Individual
achievement"
such. Il trndc commission is we'll
denned, the secretary says. 1T may
serve tho generaI purpose OF giving
large Industrial and commercial con-
lccrns much needed federal authority
and control. u In possible by lodging
| IN the commission wclI-defincd dis
| drctlon and intelligent purpose may
ne served. Hut the obvious danger ID
lnht such n commission, once created.
| VIII soon bo vested with further
| pOwcrs. The disposition will UNI
| doubscdly b0 20 give Il authority "a
flx pritses and conditions OF operation
similar 20 that which the Interstate
egfnfnorce commission now exercises
With respect 10 railroads ard their
| rafeCsa IN other words. there In n
apong tendency 10 disregard the run
9oinentnl distinction between n publio
carrier and private enterprise"
/ ~ the outset AZ least, IN the ludg-
nent OF AIR. Hngel. the general pow
| ers and the degree OF discretion oi
ne conlnilsslon should be carefully
40 rn9ke moro effective the work Of
the bureau OF corporations ana pave
tho way for constructive Legislation
ro9ulAtinR business, tho secretary
urges that congress provide for the
aiilpinotin submission by corporation
sHgaeed IN interstate trade oe certain
xundainenthl data. anch aS facts reiaf.
49," -. - Nte'ftAAHWHs RNVHtNhNe UhNl-
nnaA Investment, profits. officers, a..
i MOTORS and controlling Interests
hoch Information, subject 10 duo pro.
4 ttption agalnat unnecessarily digclos-
inN % matters OF no real public con.
q1rns adds the seuretary. would nor
Nlt more prompt publicity than n
I pq4Alblo under the present method 0l
.9,,e sleyg inyoatleatinn IN each spo-
~ =. Nneai .,aIleves ~. h,,...,, I,
tttptfaPlone should aet IN an "a.
|3lfG capacity 10 tho fee SPai courts
~ inttnplating plans 0f reorgnnIxh.
II 1nNg - violation OF ina Sherman an.
tt(fu4f low because, ne aaya fhe
AraNllqna involved ia festeeinn oDnl.
II E4titApn u q great business depends
81 fnNrh upon intimate ntowledHe 81
Tors u an Jp1bnfff ~ Ilo0I
# 4Nnat|qqe % law A7liIoush 81 M
& ~ tuo bureau already hin ai.
4 W|nfitI " render fhfs na1lnfollac IN
Y ~ that 4 So Abccinoailf aNfh0r
n M 4Intptp
Hocllou Wllh t6b nt,nIttnl,l,
NrfI4 w fGt 4IlahIt az ~.
.|Foef "a NFeh tot IA
a NeNhl tndl y 1l
e Nol4 ~
|. cha ea4ss altNnIt6n n, ~
NJ IlA RoYtthlIlI - Sas1 AZ Il
tlN i VIHu IA Nttfat 41lhf b Y
INNa4 offnen ~ chi Ifta4.
ktDl ek sk'k pn',e H|afeS 4