The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-02-28
G0vtRABENT REIt;
T8N TO COMBINES
Addresses Delivered Before Aca-
denny of Political Science In
Philadelphia


and Representative Carlin OF Virginia
were the principal speakers at a meet
in OF the Academy of Political Science
here tonight
Relation of the Federal Govern
Tmchi l" Industrial Combinations"
was the subject under discussion.
Senator Hollis, who classified linn
self as Il radical democrat from a
conservative state" acted as chairman
and declared the democratic party
may still believe the- federal control
is an cvIl to be avoided whenever pos
sible. but it must recognize the need
Tor efficient control OF private monop-
oily, and insofar rs present needs
compel Il departure from old policies,
itmust keep step with the progress OF
events.
Mr.. Wickersham smiIirgly dcclarod
| that IL Senator Hollis lad not an
noilnccd himself n democrat lie would
nave thought he was Il good rcpubli-
can.
The Sherman law Is ADEQUATE to
reach any private monopoly without.
further Legislative mid. Sjndcr it ev-
cry one OF the great trusts has been
dissolved or is now defendant in, a
government suit. No Organization
except defendants in pending suits cX
lists today whic3 could be called n pri-
yate monopoly. No combination has
been formed in the United States
since the decision in the Standard Oil
and tobacco cases. "a
| distinction should be made be-
tween corporations which arc nothing
hut devices to hold stocks of compe-
titivc corporations, and the ownership
by one corporation Of one stock in an
othor made necessary by conflicting
provisions Of state laws.
| Tie bills pending in congress-
don't discriminate between normal
processes OF necessary. business COOP
eration aud abuses of such processess.
constructive Legislation should dis,
crimlnatc between the past and the
future. ;IiJ SSf
Some properly constituted admin
istrative body should be created with
power TO disintegrate or rpadilst cx-
istins combinations, so; gat to loraate
normal competitive cundltiups. Il Com
lgress Should declares principIesa., TO
guide such a colnInission, ireuuir.ng II
to accomplish thati,rasultfwith asI lit
tie injury as poBsiblest 10; hubble inter
ests and due regard for vested private
property rights. MeTer6sizo should
not be u criterion as it0s tic cxtent,,or
eharacter of disinteg EatiqR.,. sEaia-.
Rive FalHouIit issgimPoftatt. mo com.
Pany shonld be left sgithtso large a
proportion OF the business inYQlved as
10 give 1t, a, control great enpush 10
l'exciude sound effective, conpetition.
Dlscr1niinattons should ba =, ;nlado, be-
tween corporations engaged In domes-
TIC trade and those in foReign, conf.
merec. The commission s., decision as
to tbs Legality of The organizations re-
inlting from its action sh6pld, be'.con.
elusive in favor. of defendants, and gov
ornment allie. snbjact ouly;jto "A, right
of appeal e courts lG iiufstsi;i;ii, ;js law.
The Recommendation to further de.
iine by law the moaning nf tile anti
trust law is based ON the nlisconcep-
tleH of that statute. Bills now
pending in congress do not tend to
make certain any existing sineertain-
Ties. They INTRODUCE new questions
ana would give riso to greater uncer-
taintys The condition of state opin-
ION on This. uestton is e&Rpsed In re-
cent laws OF the different states. In
iitteen, states laws have been passed
containing provisions similar to tho
aehnitions Dill now pending in con-
gross In ten states within the last
Iour or nYe years provisions of those
statutes nave been expressly modified
so as 20 except from their operation
particular. forms.so fcorpofate organ
ization? ,fas; Il .iis5
'LeSislatien should be enacted that
no railroad corporation shall here
aiter acIpIre an interest in an inter-
9tato railroad except upon lilding OF
the interstate commerce. confnission
ttat. such acute conditions would not
De 5nnduiy restrained by tte comlmis-
sicn. Railroad companies should
Glen be exempted from the Sherman
fen1ItlrtFust law.
8ontrol of the commission over
rates and practices OF raiIrpaIls IL So