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 in spirit of cooperation laws to
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 the Government
they willing to consent to closer supervision Of their nan
cling. Even high fnanciers longer resistant.
For the trusts Mr. Wilson has remedy. He presents
idea He merely holds out the olive branch them The
only regulation he proposes is bureau of information without
power to do anything
repeats the patitude private monopoly
is ndfensbe and inoerabe This untrue because
natural private monopoe like railroads. telephones gas
electric lighting and anthracite COAL which Mr. Wilson has
idea of abolishing, and does not find "ntolerable
All these monoples necessary they beneficial
only when their prices profits regulated by government
the prices of ALL except anthracite coal present
Industrial monopoe should be regulated to their prices
or profits In exactly the same way whenever monopoly
public necessity becomes strong that longer regulated
by competition This is not revolutionary Experience has
shown that it is both practicable and necessary.
For the trusts and combinations which have
monopoly but active in interstate Government
vested with power prevent every form of re
sran of fraud overaptazaon has become indsputab
In other way peace with justice be restored
tanned
All legitimate cooperation combination or consolidation
WITHOUT RESTRAINT OF TRADE, should be permitted 1t
the universal tendency modern business countries
neither possible desirable to abolish combination coop
Grafton An organization not dangerous because large
Size is not in itself an evil if it is under control
criminal trust and often does rivals with no
other weapon than competition destroy
ure others by cooperation 1t the live and let live
policy
The Industrial Commission should EXECUTIVE and
not judicial body Control of the through judicial
branch of the Government admitted by lawyers be
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 evil
practices promptly leaving offenders against the law pun
shed aerward by the courts like other criminals Just a
who commits perjury action is turned the
District Attorney for criminal prosecution another
The punishment of the guilty should be for felony
demeanor by Imprisonment not by fine and the chassemen
on against the stockholders Most of the stockholders in
of the greatest railroads and trusts women
nCorpbe integrity would be needed in the composing
the Industrial Commission No administrative genius
corporation lawyer, would be necessary.
of great ability is required to MANAGE very large
bank railroad but it is well known of ord
ability and do successfully SUPERVISE the banks and
railroads
But President Wilson proposed Industrial Commission
clearing house. bureau of information of media
ton between the great corporations Government and
ofceholders 1t would settle nothing