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

President Wilson Is right in saying that generation of
experience has prepared the country the corporations and the
people alike to receive spirit of cooperation
the admitted evils Of the past
The remedies Mr. Wilson proposes for the railroads
right Railroad willing and eager accept them
They feel that they need the protection of the
they willing to consent to closer supervision of their nan
cling Even high hnanciers" longer resistant
For the trusts Mr. Wilson has remedy He presents
dea He merely holds out the olive branch them
only regulation he proposes bureau of information
power to do anything.
repeats ancient pattude that IAN private monopoly
is ndefensbe and inolerabe This untrue because there
natural private monopoe like railroads telephones gas
electric lighting and anthracite coal which Mr. Wilson
idea of abolshing and does not find "intoerabe
ALI these monopes necessary but they beneficial
only when their prices profits regulated by government
as the prices Of ALL except anthracite coal present
Industrial monopoes should regulated to 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 1t Is both practicable and necessary.
For the trusts and combinations which not attained
monopoly but active in interstate
commission vested with power prevent every of re-
rain Of fraud overcapazation has become nsputab
In other way peace with justice be restored
tanned
All legitimate cooperation combination or consolidation
IA the universal tendency of modern business countries It
neither possible desirable abolish combination coop
GRAFTON An organization is not dangerous because large
Size is not in itself an evil If 1t Is under control
criminal trust and often does kill its rivals no
other weapon than competition trust destroy
jure others by cooperation 1t the live live
policy
The Industrial Commission should be EXECUTIVE and
not judicial body Control of the trusts through the judicial
branch Of the Government admitted by lawyers
failure judicial tribunal when injurious practices
proved asks only Are such practices legal? Business
Court would ask only: Are such practices right?"
Granted adequate power such commission would stop
practices promptly leaving offenders against the law pun
ished aerward by the courts like other criminals Just as wit
who commits perjury action turned the
District Attorney for criminal prosecution in another
The punishment of the guilty should felony not mis-
eano by imprisonment not by fine and the chasisement
should be directed against the responsible heads Of
on not against the stockholders Most of the stockholders
of the greatest railroads and are women
Only common business experience Independence and
incorupbe integrity would be needed composing
the Industrial Commission No administrative genius not even
a corporation lawyer would be necessary.
man of great ability is required to MANAGE very large
bank railroad but 1t is well known that honest of ord
ability and do successfully SUPERVISE the banks and
railroads
But President Wilson's proposed Industrial Commission
mere clearing house. bureau of information board media
ton between the great corporations and the and
the courtswould only increase official redtape multiply
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