El Paso herald. (El Paso, Tex.) 1901-1931, 1914-01-20
Examinations Are On In City Schools

sire the advice, the definite guidance and
information which can be supplied Dy an
administrative body and interstate trade
''The opinion Of the country would in
stantly approve Of such a commission II
would not wish to see it empowered TO
make terms with monopoly or in any sort
to assume control OF business, as II the gov
eminent made itself responsible 1t demands
such d commission only as an indlSpenslDie
instrument Of information and publicity as
a clearing house for the facts by which the
public mind and the managers OF greaI
business undertakings should be guideo anu
as an fundamentally for doing justice 70
business where the processes Of the courts
or the natural forces Of correction outside
the courts are inadequate to adjust the
remedy to the wrong In a way that VIII
meet all the equities and circumstances Oh
s.Inasmuch as our object and the spirit
OF our action in these matters IS to meet
business half way in its processes Of self
correction and disturb its legitimate course
as little as possible, ought to see to It.
and the Judgment Of practical and saga
ciOus men of affairs everywhere WOULD
applaud us if we did see to it that the pen
alties and punishment should taIl' not on
business itself, TO its confusion and inter-
ruption, but the individuals who use the
instrumentalities Of business to do things
which public policy and sound business
practices condemn. It should be one Of the
main objects Of our legislation to divest
represent their corporations, but merely by
deliberate intention break the laws
InterIOck Directorate.
"Other questions remain which will need
very thoughtful and practical treatment.
Enterprises. in Chess modern days OF great
individual fortunes, are oftentimes inter-
locked, not by beng under the control or
the same directors, but by the fact that
the greater part Of Eheir corporate stock Is
owned by single person OF group OF per-
sons who are in some way intimately re-
lated in interest. We are agreed, take it.
that holding companies should be prohib-
tied, but what Of the controlling private
ownership Of individuals or actually CO.
operative groups Of individuals? Shall the
private owner of capital stock be suffered
to be themselves in effect holding com
bid the purchase Of stocks by any person
who pleases to buy them in such quantities
to limit the sale CT stocks to bona fide pur-
chasers Shall We require the owners Of
stocks, when their voting power in several
companies which ought TO be independent
Of one another would constitute actual con-
troll, to make election in which OF them
they will exercise their right to vote? This
question venture for your consideration
Suits for Redress.
There is another matter in which i'm
Derative considerations Of Justice and fair
play suggest thoughtful remedial action Not
only do many Of The combinations effected
or sought to be effected in the industrial
world work an injustice on the public in
general; they also directly and seriously in
Jure the individuals who are put out OF
I business In one unfair way or another by
the many dislodging and DISCRIMINATING
forces Of combination hope that we shall
agree in giving private individuals who
claim to have been injured by these pro
cesses the right to found their suits for
redress on the facts and Judgments proved
and entered in suits by the government
where the government has on its own mi
tiative sued the combinations complained OF
and won its suit and that the statute oil
limitations shall be suffered to run against
such litigants only from the date OF tbs
conclusion Of the governments action It Is
not fair that the private ntigant should be
obliged to set up and establish again the
/ facts which the government has proved He
/ cannot afford, he has not the privilege L
make use Of such processes OF inquiry a
] the government has command Of Thu
shall individual justice be DONE while tht
! processes Of business are rectified AND
/ squared with the general conscience.
| I have laid the case before you, NJ
I doubt it lies in your own mind, as Fl
/ lies in the thought Of the country. VIVA
/ must every candid man say Of the sugges
! lions 1 have laid before you, Of the plaiI
obligations Of which I have reminded you,
! That these are new things for which tbs
! country is not prepared2 No; but that they
i are old things, now familiar, and must O
! course, be undertaken II we are to square
! our laws with the thought and desire o
! the country Until these things are done
{ conscientious business men the country owe
! will be unsatisfied. They are in thes
] things our mentors and colleagues. We ar
( now about to write the additional article
! Of our constitution Of peace, the peace tina
/ Is honor and freedom and prosperity"