Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-27
Why Wilson's Trust Remedy
Will Fail

President Wilson right saying that generation of
experience has prepared the country the corporations and the
people alike receive spirit of cooperation laws
the admitted evils of the past
The remedies Mr. Wilson proposes for the railroads are
right Railroad willing and eager accept them
They feel that they need the protection of the
they willing closer supervision Of
cling. Even high fnanciers' longer resistant
For the trusts Mr. Wilson has remedy presents
idea He merely holds out the olive branch them The
only regulation he proposes bureau of information without
power to do anything
repeats ancient platitude that all private monopoly
ndefensbe and inolerabe This untrue because there
natural private monopoes like railroads telephones gas
electric lighting and anthracite COAL which Wilson
idea of abolishing and does not find "intolerable"
All these monopies necessary but they beneficial
only when their prices profits regulated by government
the prices of ALL except anthracite COAL present
Industrial monopoes should be regulated their prices
or profits in exactly the same whenever monopoly Of
public necessity becomes strong that it longer regulated
by competition This is not revolutionary Experience has
shown that it is both practicable and necessary
For the trusts and combinations which not attained
monopoly but active in interstate Government
commission vested with power prevent every form
strant of fraud overcapazation has become ndspuabe
In other way with justice be restored and
tanned
All legitimate cooperation combination or consolidation
WITHOUT RESTRAINT OF TRADE should be permitted It
is the universal tendency of modern business in all
is neither possible desirable abolish combination coop
Grafton An organization is not dangerous because it large
Size is not in itself an evil if is under control
criminal trust and often does kill its rivals with
other weapon than competition destroy in
jure others by cooperation 1t the live and live
policy.
The Industrial Commission should be EXECUTIVE and
judicial body Control of through the judicial
branch of the Government admitted by lawyers
failure. judicial tribunal when injurious practices are
proved asks only Are such practices ega? Business
Court would ask only: Are such practices right7
Granted adequate power such commission would stop
practices promptly leaving offenders against the law pun
shed afterward by the courts like other criminals Just
who commits perjury in action turned
District Attorney for criminal prosecution in another
The punishment of the guilty should be for felony
demeanor by Imprisonment not by ne and the chassemen
should be directed against the responsible heads of the corpora
on not against the stockholders Most of the stockholders
of the greatest railroads and trusts women
Only business experience independence
ncoruptbe integrity would be needed in the composing
the Industrial Commission No administrative genius even
corporation lawyer would be necessary.
man of great ability is required to MANAGE very large
bank railroad but it is well known that men of ord
nary ability and do successfully SUPERVISE the banks and
railroads.
But President Wilson's proposed Industrial Commission
clearing house bureau of information of media
ton between the great corporations the Government and
the courtswould only increase official redape multiply
oficeholders. 1t would settle nothing.