Arizona republican., 1912-01-03
That's Opinion Expressed by Secretary Nagel in His Annual Report
 to Congress.
SAYS ANOTHER
 LAW IS NEEDED
Member of Cabinet Agrees with President That a Federal Board Is
 Required.
Associated Press DiSbdfchl

| WASHINGTON, Jan. }. - The mere breaking up of large o0mbina-
 tions into a number of separate parts by no means meets the whole trust question: says Secretary Nagel of the
 department of commerce and labor in
 his annual report. transmitted today
 to President Taft.
 Secretary Nagel declares that the Sherman law has been proved 70 be an
 effective statute beyond all doubt and
 that a degree of combination of capi- tal is quite necessary. but he adds that the Supreme Court decisions in the
 Standard oil and Tobacco cases have demonstrated that the next step in the control O. great industrial corpor-
 ations will be the creation Of a per
 manent federal agency.
 How such control shall be exercised.
 whether by commission, federal in
 corporation or other means. which have
 been advocated recently bv Judge FL bert H. Gary. George W. Perkins and
 other financiers before the senate com
 mittee which has been conducting 1 hearings to determine what changes
 would be desirabI, in the antitrust laws. Secretary Nagel dces not defin- itely say.
 He favors however a development Of the powers ar ! scope of the bureau Of corpora ton.
 A certain degree of combination of capital is admittedly essential to the carrying on of our great business en- ..- control properly such necessary com binations We must have some admin istrative federal office or commission which shall make this work it's busi- ness.
 We must have a permanent author- ity which shall by steady and conCinu- ous supervision ana publicity safe guard the public interests and at the same time allow full scope for neces-
 sary and proper business efficiency and
 development
 The decisions of the supreme court in the Standard Oil and American To-
 baccO cases have brought fOrcibly to
 the public attention a fact repeatedly
 presented in the reports of this de- partment-the imperative need for the | great industrial corporations.
 The recent decisions and re-organ- izations which followed have made it clear that another imperative step re- mains to be taken and that this is the establishment, by appropriate legisla- tion, of a broad system of supervision and publicity for all those industrial and commercial organizations engaged in interstate and international business. Whether this shall be done by means of federal incorporation or by federal office or commission exercising powers or regulation and supervision may be a secondary question. The first consideration appears to be the estab- ! lishment of permanent administrative publicity. regulation and supervision.
 The time is peculiarly ripe for such
 action. Public opinion and the views of many corporation managers are as
 one
 Secretary Nagel recommends that
 the bureau of corporations he devel- Ored to take mp the form of supervis- ion he suggests. It would be but a | logical expansion of the bureaus Oper- ations and policy. which he says. have relied solely on publicity for the last | eight years and have demonstrated be- yOnd question what system of per manent supervision can do. Mir Nagels report in full deals with | the years work in the many bureaus
 and divisions over which he prcsides. | In connection with the immigration service the secretary recommends that any amendments to the immigration | laws tend to relieve immigrants of un- | due hardship without letting down the | bars against undesirables. Larger dis erection should be lodged with officials.
 he thinks. to admit unfortunate mem 1 bers of incoming families where it is shown that society would be protec ted against burden and danger. He recom-
 mends also that examinations of im- migrants be made before they embark
 for this country and that the time for deporting confessed criminals be eX- | tended.
 Secretary Nagel refers in passing to recent criticism of the immigration service. He says the bureau has en- Continued on Page D