The Bridgeport evening farmer., 1912-01-06
NACEL FAVORS FEDERAL CONTROL
 OF THE TRUSTS


 Washington, Jan 6s-"The mere breaking up of large combinations into | a number of separate parts by no means meets the whole trust ques- | tion," says Secretary Nagel of the de pertinent of commerce and labor in | his annual report transmitted to President Taft.
 1 Secretary Nagel declared that the Sherman law has been proved to be an effective statute beyond all doubt | and that a degree of combination of capital is quite necessary, but he adds | that the supreme court decisions in the Standard Oil and Tobacco cases have l demonstrated that the next step in the control of great Industrial corporations ! vii be the creation of a permanent federal agency.
 How such control shall be exercised, whether by comn1iss on, federal incor- poration or other means, which have been advocate recently by Judge E5 bert H. Gary, George W. Perkins and other f1nanciers before the Senate com mittee which has been conducting hearings to determine what changes would be desirable fn the antitrust laws, Secretary Nagel does not dehn- itely say. He favors, however, de- velopment of the powers and scope of the bureau of corporations.
 ttA certain degree of combination or capital Is admittedly essential to the carrying on of our great business en- terprises," says Secretary Nagel. Q control properly such necessary com
  Estratfve federal office or commission which shall make this work its busi- ness"
 eve must have a permanent author ity which shall by steady and con in- uous supervision and publicity safe guard the public interests and at the same time allow full scope for neces- sary and proper business efficiency and development
 ..The ded sions of the supreme court in the Standard OH and American To hacco Company eases have brought fore: b y to the public attention facr repeatedly presented in the reports of this department-the imperative need for the positive administrative regula- tion of great Industrial corporations.
 -The recent decisions and reorgani- zations which followed have made 1t clear that another imperative step re- mains to Ee taken and that this Is isIation, of a broad system of super vision and publicity for all those in- dustrial and commercial organizations engaged in, interstate and information al business.
 ..whether ttl4s shall be done by means of federal incorporation or by. a federal office or commission exercising powers of regulation and supervis. on may be secondary question. The first consideration appears to be the establishment of. permanent admins tratives pub icity. regulation and su- revision. The time Is u'iarly ripe
 
 the views of many corporation man agerS are as One.
 Secretary Nagel recommends that the bureau of corporations be developed to take up the form of supervision he suggests It would be but a logical expansion of the bureaus operations and policy, which, he says, have relied so ely on publicity for the last eight years and have demonstrated beyond question what system of permanent supervision can do.
 Mr. Nagel's report in full deals with and divisions over which he presides service the secretary recommends that any amendments to the imnF grafton laws tend to relieve immigrants of un- bars against undessrableS, Larger dis erection should be lodged with of1cia s. he thinks. to admit unfortunate mem bers of inconFng families where it Is shown that society would be protected against rurden and danger. He recom- n ends also that ,examina lions of i'm migrants he made before they embark for thts country and that the time for de1orting confessed criminals be extended.
 Secretary Nasel refers in pas-s7g to recent criticism of the inmigr ion service. He says the bureau has en- deavored to obey the general mandate of the law and re ieVe the individual of hardship wherever the statute al- lows it.
 '.In the meantime. Lincoln's adrTce