Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-04-18

+ FAT exaggerated prices. ana there is the
8 constant perm Of inviting new compe-
. tiuon ana thus disruptng the agree
$ ment
The element Of individuality is
preserved; there is no pcrmanency to
the ARRANGEMENTS each Of the parties
must continue 10 maintain his plant
and selling force i'm condition To re-
sumo competition at any moment lie
mus accordingly avail himself Of all
6 new inventions
-. There is q continuing compe-
tition in costs OF production between
the parties 10 the arrangement result
ing in economy of manufacture and
distribution and Of general manage
: mcnt since each party secures the sole
= benefit OF such economies
70. There is not the tnduocment or
opportunity for the acts of oppression
that ARE praeticed by the trusts IN
forder to maintain their supremacy
Tha interests of the latter are perma
InentlY and udestructbly merged
whilst under these temporary arrange
! Imcnts such acts of oppression are
dangerous and unlikely The friendly
.co-operators of today may be the bit
tier competitors Of tomorrow
"G They offer a means of escape
from destructive competition without
driving competitors to combination
with all It's attendant evils
FurtiVe Form Intolciablc.
THESE arrangements should be
not, however. longer tolerated in their
present furtive unlawful form, wheth-
FER thet apply TO the product of the
farmer, the manufacturer or the mid
dleman They are standing invita-
ton to cXtortion and exploitation Of
the public and menace to industrial
freedom There is only one way of eN-
terminating them and that is By sub
shutting in their place permissive pub
lic agreements that shall De subject
to federal approval and supervision
I'm dealing with the trusts diff
fercut policy should be pursued
favor their enforced dissolution and
actual and complete segregation as
nearly as may be. into their original
parts and the enactment Of lcgslduou
That will insure their being kept seq
Icgated They can holl their suprem-
acy only when they virtually control
the industry and they can continue 10
control il only through unfair prac-
tees
1T is TO be hoped that this yeNa-
uous problem of subduing and elmi-
mating the trusts is IN fair w1y to-
ward eventual solution and that We
are At last within sight Of Industrial
peace. True, little has yet been aetu-
ally accomplished in the way eff cf-
fectull legislation We are still as
tightly as ever In the grip 81 the moa.
ey TRUST and the laws now under CON
sidcratlon by congress are as yet dis
appointing in that they do not dde-
Quatey meet the situation But the
issues are framed In concrete form and
/ am encouraged to believe that the
long struggle between big business
and the people is happily nearing it's
end. Notwithstanding the reports of
ihe last few days from Washington To-
the effect that comprehensive leeisla-
/ ton is TO be- postponed until the next
/ session s.s y
Rnmor Is incredible.
I THE rumor is incredible. IL would
be worst kind Of political bluuder :
and almost a national misfortune II
after all this agitation and iuvestea-
ton there is to DE further delay IN the
settlement Of this question Tho
reason offered in favor Of the pro-
posed action is the most conclusive
argument against it, The obvious die
tates of business sense and political,
eNpcdiency require that the agitation
be ended That can he done onl5 bJ
the enactment Of the necessary com
prehcnsvo legislation The other
method serves only to prolong the cx-
isting uncertainty unless the party in
power intends TO abandon It's program
and violate its campaign pledges
which seems 20 be the hope OF the iu-.
terests that arc now urging delay
'lt action is to be postponed the
democratic antitrust policy may as.
well be considered dcld
Every congressional contest this
autumn will be conducted on the plea
that the election Of the democratic ,
candidates involves the re-upcuinz of E
the question with its ACCOMPANY ing
continuance OF business miscellaneous .
II will also be urged that the party
has no definite views on the subject
and is incapable Of framing Intelligent .
legislation These pleas cannot fuli
10 be effective and may lead 70 The r
defeat Of the party that frittcred away
its opportunity 10 settle this question.
There is nothing to be gained and .
everything to be lost both TO the hus-
mess community ana TO the party by
such a procrastinating policy"
Agreements between competitors
that have for their sole purpose he
prevention Of ruia0us competition and "
the securing of "a reasonable profit /
should be made possible and lawful in /
all Industries subject 10 the approval /.
and regulation Of the new trade com
mission for which provision is made I
in the pending legislation 80 one need .
become party to such an agreement I
unless he sees fit TO do SO, but com
petitors should no longer be- com
PEELED TO ruin themselves ANA one au.
other under penalty of being branded
and punished as criminals They win
not do f. Jaw or no law The in-
stinct Of self-preservuion VIII pre-.
vent It, This perverse policy viii sim
ply result In making us nation OF
hypocritcs and laWbreakers Every
crossroads will have IFS Gary dine