The Nome daily nugget., 1914-04-30

President Wilson is right in saying ttat a generation of cxperience mas rrepared the country. the corpora tions and the people alike to receive in spirit of corporation laws 10 cure the admitted evils of the past. The remedies Mr. Wilson proposes for the railroads are right. Railroad owners are willing and eager to ac- cept them. They feel that they need the protection of the government and they arc willing to consent to closer supervision of their financing. Even nigh financiers" are no longer re- sistant.
 For the trusts MT. Wilson has no remedy He presents no new idea. He merely holds out the olive branch to them. The only regulation he pro- poses is . bureau of information with out power to do anything.
 He repeats the ancient platitude that "all private monopoly is inde- fensible and intolerable." This is un- true, because there are natural pri- vate monopolies, like railroads. tele- phones, gas, electric lighting and an thracite coal. which MT. Wilson has n. idea of abolishing, and does not
 find "intolerabie."
 All these monopoliee are necessary. tut they are beneficial only when their prices or profits are regulated by government as the prices Of aii' except anthracite coal. are at pres ent.
 Industrial monopolies should be reg ulated as to their prices or profits in exactly the same way whenever Q monopoly of any public necessity be- comes so strong that 1t is no longer regulated by competition. This is not revolutionary. Experience has shown that 1t is both practicable and neces- sary.
 For the trusts and combinations which have not attained monopoly. hut are active in interstate commerce. government commission. vested with power to prevent every form of re- straint of trade or ovsrcapftalization. las become indispensable. In no other way can peace with justice be restor- ed and maintained.
 All legitimate cooperation, combin- ation or consolidation, without re- straint of trade. should be permitted. II is the universal tendency of mod crn business in all countries. It is neither possible nor desirable to abol- ish combination or cooperation. An organization is not dangerous because it is large. Size Is not in itself an evil, if it is under control.
 A criminal trust can. and often does, kill its rivals no other weapon than competition. A trust cannot destroy or inJure others by co-opera- ton. It is the true Hive and let live" policy.
 The industrial commission should been executive and not judicial. b"c.. Control of the trusts through tre judicial branch of the government is admitted, even by lawyers. to be n failure. A judicial tribunal. when in- furious practices are proved. asks or ly: Are such practises legal?" A business court would ask only: "Arn such practises rightT
 Granted adequate power such q commission would stop evil practises promptly. leaving offenders against the law to be punished afterward by the courts, like other criminals. just as n witness who commits perjury in one action is turned over to the dis tr:ct attorney for criminal prosecution in another court.
 The punishment of the guilty should be for felony, not misdemeanor, by Imprisonment not by fine. and the chasctisement should bc directed against the responsible heads of the corporation. not against the stock Eclders. Most of the stockholders ir s.me of the greatest railroads md |, usts now arc women.
 Only common sense. business eX- perience. independence and incorrupti' ble integrity would be needed in tht men composing the industrial com mission. No administrative genius not even corporation lawyer. woult Do necessary.
 A man of great ability is required to manage very large banik or rail read. but 1t Is we'll known that hon. est men of ordinary ability can and ds