The daily star-mirror. (Moscow, Idaho) 1911-1939, 1914-06-26
MAKES APPEAL FOR
JUST SEGREGATION
A MAGNITUDE OF BUSINESS MAY
NOT BE CLASSED AS A MONOP-
OILY OF BUSINESS.
Wisconsin President at Credit Men
Convention Points Out the Distinc-
tiOn and Suggests Solution.

ROCHESTER,, N. Y, June 26.-Re-
tention of competition, prohibition OF
monopoly, permission for cooperation
OF the latter, instead of regulated COM
petition or regulated monopoly was
suggested today as the solution of the
trust problem of the country by Pres
ident Charles R. Van Hise of the Uni
versity of Wisconsin, in an address at
the annual meeting of the National
Association of Credit Men.
There may be great magnitude of
business, and not monopoly" declared
President Van Hise. Indeed it is be-
lieved that by far the greater number
of the large organizations fall short
of monopoly. Only if we assume that
if all the great combinations of I'M
dustry are monopolies, does the con-
clusion follow that they should be
destroyed? Not only do l hold that not
all large business is monopolistic; but
that concentration up to certain point
is to give efficiency.
Require Much Regulation.
"If We retain freedom of competition,
permit concentration sufficient to give
efficiency, allow reasonable co-opera-
ton, and prevent monopoly, this will re-
quire regulation just as 1t has been
necessary to regulate the railroads.
This done, the Sherman law will be
forgotten. Has there been any prose-
cution of the railroads for violation
of the Sherman law because of collus-
ion in fixing rates? And yet everyone
of us here knows that they are just
as fragrant violators of the Sherman
act as any other class of corporations
in the United States. Are the freight
rates the same for different roads be-
tween any two points? Are the pas
senger rates between New York and
st. Louis identical on all roads? Can
you do better in price by travelling over
he Pennsylvania than any other road?
The rate is the same providing the
speed is the same.
Way Pointed Out.
"For a number of years it has ap-
,eared to me that the interstate COM
omerce commission and the numer-
us state commissions having the con-
rol of public utilities and the pure
ood commission clearly point the way
or the next step in the solution of our
Industrial problems.
"The most fundamental difference
etween the United States Steel cor
Grafton, the Standard Oil company,
nd other very large businesses and
as been declared to be vested with
ublic interest and the other has not.
very business that is SO large as to
e vested with the public interest
lould be subject to control. Not only
}, but wherever different companies
groups of companies cooperate so
lat they control the market for any
'ticle, their transactions become vest
| with public interest.
Offers the Solution.
can interstate trade commission
ould be created for interstate COM
cree and state trade commissions for
ate commerce, each to have control
er business which is vested with
blic interest or in which the mar
t is controlled, precisely as the pub
utilities commissions have control
er the public utilities. 1t is to be
ted that this proposal does not imply
at the administrator commissions
all have control of all business, but
ly business which, because of mag
ude, or because of cooperation, be-
ne vested with public interest. The
tiative in control of business will
main with the business organizations
scisely the same as at present; but