The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-24
WILSON USING BRYAN
CURES, SAYSPERKINS'
Presidents Antitrust Policy
Urged by CommOncr in
1903. lie Asserts.
,yp DEFEATED BY PEOPLE
Also Torn to Shrcds by Hughes
---Cam't See Possible
Advantage.

n..,rs. ". Perkins. back yesterday
No., Panama, described President Will
,,rs man for eliminating interlocking di-
...,,r,t,s as "a Encouragement Of Mr..
r.y,,,'a remedies" for trusts. which reine-
yr,s were turned down IN the election Of
,,,. Mr.. Perkins quoted Charles IL.
u,shes's Youngstown speech Of that year
a.. mo last word against the Wilson plan.
"I have read Mr.. Wlckersham's COM
,rs,, In TIE SrN this morning on Pres-
dor, Wilson'S trust message he said.
avhen I saw the message on the train
corning Nnrth I thought !, had u familiar
sound that had n good many OF the
zane IDEAS expressed In different form
n.,cr. | then thought OF the 1905 CAM
,,tg, Of the ideas advanced by Bryan
mon for d,ssoving the trusts. for prevent
no interl ocking directorates, &c. and re-
rncr,bered the address OF Charles II.
Hughes. now Associate Justice OF the
snpr,nie Court of the United states. de-
,i~.rsd at Youngstown, Ohio. Oh September
5. 1908. ,.
,,o.ssRe are dealt with in that speech. II
,ouid seem impossible to add anything
n what he said. The ideas In the mes.
sage are simply ARRANGEMENT or MT
gryan's remedies. They were torn to
.hreds By Mr.. hughes. were voted on 10y
me people in 1905 and overwhelrningiy
turned down
Mr.. Perkins pointed TO these two para
--aphs from Gov. Hughes's speech:
"When, however, We consider these Other
remedies that are proposed for the trust,
We find ourselves tourneying In land o,
dreams. Again the magician OF 1895 waves
his wand At stroke difficulties disap'
pear ard the complex problems or modern
business are forgotten In the fascination
Of the simple panacea.
The first suggestion is that the la"
could prevent a duplication OF directors
,rong competing corporations. However
advisable 1t may be to have independent
dIrectorates of competing corporations, II
would seem still more important TO have
independent stockholders. for ma1orit!
AZ the stockholders Of a corporation choose
the directors.
III n law were passed preventing thu
duplication of directors II would easily p'
syad-d in the selection or men VINO "ouie
represent the same interests. The mos
ordinary experience shows that II Is no
necessary TO serve on a board OF directors
IN order to control its proceedings.
The above about expresses my feelinG
about the message as whole, said MI
Perkins, land would seem to dispose en-
,rely OF the interlocking directorate aues
ton.
AS to the Interstate Trade Commission
10 assist the courts in advising corpora
lions and readjusting them. ! cannot SCI
row this will be OF any possible advantage
or course, stand for and believe In
straight cut Federal Governmental com
mission with broad. constructive powers
lntA Nd
Industrial companies along similar line'
20 .aos. Of the Interstate Commerce Com
mission In connection with railroads. AM
nothing short OF this will get us any
where
The people are not afraid of bushes
simply because it Is large: they ar
afraid Of the evils existing In bushes
whether the business be small or large
This Is the very core of the question