The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1912-02-28
NACEL ON THE
TRUST PROBLEM
Secretary Urges Development Of
Bureau Of Corporations.
FOR MORE FEDERAL CONTROL

The mere breaking up of large COM
binations into 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
Secretary Nagel declares that the
Sherman law has been proved to be an
| effective statute beyond all doubt and
| that a degree Of combination of capt.
| tai 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 of great industrial corpora
| lions will be the creat ton Of a perma
nent federal agency.
| How such control shall be exercised
whether by commission. federal incor-
gel does not definitely say. He favors,
however. a development of the powers
and scope OF the bureau of corpora
lions. He says:
I'VE must have permanent author.
ity which shall by steady and contip
guard the public interests and at the
same time allow full scope for neces
sary and proper business efficiency and
development.
Bureau Of Corporations.
THE recent decisions and reorgani-
cations which followed have made II
clear that another imperative step re-
mains to be taken and that this Is the
establishment by appropriate legisla-
ion of a broad system of supervision
and publicity for all those industrial
and commercial organizations engag-
ed in Interstate and international bust
ness.
whether this shall be done by
means Of federal incorporation or by
federal office or commission exercis-
Ing powers of regulation and supervi-
sion may be Il secondary question. The
first consideration appears to be the
establishment Of permanent admins
trative publicity. regulation and super
vision. 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 be developed
to take up the form Of supervision he
suggests. 1t would be but a logical ex-
pansiOn of the bureaus operations and
policy. which, he says. have relied sole
y on publicity for the last eight years
n nd Ion tAI
ton what Il system of permanent su-
pervision can do.
In connection with the immigration
service the secretary recommends any
amendments to the immigration laws
that 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 men,
bers Of Incoming families where ii is
shown that society would be protected
against burden and danger. He recon-
mends also that examinations Of immi-
grants be made before they embark for
this country and that the time for de-
porting confessed criminals also be ex-
tended.
Refers to Criticism.
Secretary NageI refers In passing to
recent criticism OF the Immigration
service. He says the bureau has en-
deavored TO obey the general mandate
Of the law aud relieve the individual
Of hardship wherever the statute al
lows II.
A very important investigation OF the
cost Of living is now being carried on
by the bureau Of labor.
THE report promises to provide
basis for intelligent discussion OF this
mooted question:" says the secretary.