The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-01-21
! WILSON DELIVERS MEEeS55lAGE
On On SUBJECT SUBJECT F g. PRIVATE UA|IE M00OPO MI0HP o. Y

men coming on and will greatly en-
rich the business activities of the
whole country.
In the second place, business men,
as we'll as those who direct public
affairs now recognize, and recognize
with painful clearness, the great
harm end injustice which has been
done to many, il not all, of the great
railroad systems of the country by
the way in which they have been H.
nanced and their own distinctive in
terests subordinated to the interests
OF the men who financed them and
Of other business enterprises which
those men wished to promote. The
country is ready, therefore, to accept,
ard accept with relief as we'll as ap-
proval, law which will confer upon
the Interstate Commerce Commits
sion the power to superintend and
regulate the financial or ira tions by
which the railroads are l-nceforth tn
be supplied with the money for thci
proper development to meet the rap
idly growing requirements Of the
country Tor increased and improved
facilities Of transportation. We can
rot postpone action in this matter
posed to many serious handicaps and
hazards; and the prosperity Of the
railroads and the prosperity of the
country krc inseparkhiy Connected.
upon this question those who arr
chiefly responsible for the actnal
arrangement md oucration of thc
railroads have spoken verJ plainly
and very earnestly, with a nurpose
we ought to be quick ito accent II
viii be ono steD. aUd p very impoT
tant ore, toward tho necessary sepa-
ration az The business of production
from the business OF Transportation
The business OF t'7c country awaits
also. has long awaited and har suf
fered because it could MT ohtain
turtile- ond more explicit lcrislative
dehrlt'on OF the policy and mea ming
oT the existing antitrust law. Moth
ing hampers business like uncertain
". Nothing dauuts or discoura pes
It likc the necessity to take changes
to run the risk of falling under the
condemnation Of the law before II
can make sure just what the law is
Surmy. we are sufficiently familiar
with the actual processes ard meth-
ods Of monopoly and of the many
huttful restraints of trade to mako
dei!nlton possible, at any rate mn In
the limits of what nyperience has
now ahundan!ly disclosed, can be ey-
piicitly and item by item Forbidden
ny statute in such terms as will prae-
tsica!iv eliminate uncertainty, the law
ITSELF and tho penalty being made
equally plain. '-'
b And the business men of the conn
ny desire something more than thai
riiv Isi1ni,ru Oh iegaf process in these
matters he made explicit and intel
iigioie. They desire the advice. the
denHite guidance and information
which can DO supplied by an admin.
gtrst!ve body, an interstate trade
TIE opinion of the country vop1d
lnetantly opprove of such comnn;s-
s:on. lt would not wish to see Il
eiapoWered to make terms with mo.
.tsopoiy or IN any sort TO Sc.
Saiiis control OF business. rs IL tho
made itself responsible
ae oemands such q commission ofly
as an indispensable instrument of
lntormation and publicity, as q
saEn mouse Tor the facts By
when both the public mind and the
.nana as9Es OF great business under.
::kings shopld b guided, and as an
bl"Htrullentslity b,'a:r' aE Tor aoins justice 70.
courts or the natural Forces az rnr
rection outside the courts ara ;,aSs !
quats 70 adjust the remedy -, A.,
wrong in q way that win ,1est All
case. isrT. - : iE Sis'e s>a''1es Oh sIhe
Producing Industries, for xay,n,e
W..i :ss'@s passed tie noiYr nv, - t.si
iwnieh combination may be eonsistant
With the public interest and fhe Sssas ;SS,.s
dom OF trade, can not siwavs, ha iGis
Seeted into their component rhifs =
Esaqi1y as eaiIfoad Companies nr
,Sirniiar, Z, organizations can he T,,a;-
dissoineion by ordinary laraI u,.,asss
may oftentimas involve fiIians;sl CO.
ences likely to oyerwheJnI5 N,
Iecufl!y market ard lbfinp uy,o,, -
. Skdown and confusion, Z Tj,sss5
oughe 70 be an adraiaistFStiv 80. !.
MISSION capable az direNtiSSts = ~,
snspIng such TcofreetiVe nrScA 4s1s
rot only in aid OF tha courts hIst 49,
'Sy y Mdependent suggestion, Il neSsS.
inasrnueh aa ous olbiset AVA a.,
splrle offour action II fhasa ey,s, u 4s..S
~ 20 meet business haIf yVay 4, -,
.t..ss. psSSesses .! correction and ale.
,...so ~ lIs legitimate corrsc as littls i z
5g,osslnie, a, we otight 70 sse To a a,,sl ri
JUG sssr1ert o. practical and "a -
,,.SAs ,S.ls, men Of afReirs avafsryg 1 syS
you'd applaud us il we did ses ~ ~
n penalties and pufiishnerts,
shouid3 fall not upon bssiness .;tsslf
nuE upon the indi9iduais ,,ss s.sst st,., s
,;,ssss .s.,Ss ssIt business Ia 90
s.lil,gs sgla'S ap policy And sor,,S
,2lslgess os-aetS e6nti Egss.. sSssIs
ast 9i business IS done dc the eo,,s.
ialtSao or nPon the ilistivs oS sss,a.
tsinatsls person or r.SoISn ~
esssons. a;e,.,o r.: heae shOuld BE held insi