Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-30
Trust Evils Should Be Ade-
quately Punished
THE Trusts Should Regulated Restricted They
Should Not Be Destroyed"
= = =

The Stanley committee congress spent years trying
find what should be done the 1t has
conclusion that the corporations
the Federal government recommended by Mr. Carnegie Judge
Gary and others, is semiSocialistc in its and
beyond the power invested by constitution congress-
The idea that the great corporations the
reasonable and effective control by the public
Mr. Carngies idea Judge Gary
semi-Sociaistic
The idea very definitely briefly signed ed
by Randolph than thirteen years ago
June g. 1S99-when he said
The aborsaving device
d,,s b aI 1 T S 9 price 9td com
adequately punished
strOyed And what they destroyed"
Three of the greatest
victed the Federal past years the sins Mr.
Hearst predicted thirteen years ago. namely raising prices
commodities robbng rivals corupng legislatures and OPP
pressing the public These evils universally admitted
But they have been adequately punished The punitive
justice criminal clause of the
antitrust law has been robbed of its sting mandate of dis
solution from the highest court the United States has de
prved the offending trust either of its profits it's dsmembred
parts 1t has been found impossible to unscrambe egg to
Mr. Mogan happy phrase the omee has been divided into
many parts and the the market value of the whole has
increased
Chairman Stanley idea of limiting the power of trusts by put
ting arbitrary limit the of business that
poaton shall do is not practicable and is not 1t of Mr.
Bryan fanatic and extreme ds suggested by him four
and discarded by everybody silly and finally abandoned by
just to put an arbitrary limit on the
number of miles which railroad shall operate the of
traffic which it shall haul
Formerly eleven different railroads in max
the journey from New York Chicago Men and goods
carried quicker cheaper and better by railroad than
they possibly could be by eleven Freight carried long
the United States rate lower than anywhere
else in the world and this due railway systems
genius of concentration cooperation and volume traffic
undreamed of few years single telephone company
stretches from the Atlantic the Pacific Although
Vulnerable Independent telephone companies the
single company does than half the telephone business of the
possible talk from New York Den
yer, 2,100 miles
According Stanleys foolish 30 per
would be by the
benfcent epbu should be split many parts and
would have three four different telephones his desk
every realizes corporation so pow
eru that nothing less than the itself supervise
and control It, To Chairman Stanley does that
under the the
powerful than all the people together Congress represents
the whole people The constitution the control
the railroads Even that right ubbory contested
uouy denied for many years by like Stanley but is
universally conceded.
But single corporations greater than any
road create interstate than railroad and
affect the public interests closely than single railroad
The largest railroad system the United States does year
only about onehrd the business of the United States Steel Cor
poration in good times.
sorry Chairman Stanley long
scenous work should have led him such weak concuoo
contradictory and extraordinary that congress-
hand has power supervise and regulate interstate
poraons but the other hand has power put limit upon
the size Of corporations and the of business permitted to be
done In his first conclusion Mr. Stanley bttles the
second he magnifes its powers beyond all reason.
Mr. Stanley underestimate organization cooperation and
soidaon He overesmate the of in thinking
that it do what it ought do and do
Irresistible natural forces and tendencies behind the
growth of the corporations To that these irresistible
stopped by of the legislature act
congress with act of God
The trusts, which already powerful any ndi
vidua powerful than all people,
they be controlled in the public by people acting
through congress-