The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-01-24

q new spirit, in thoughtful modera
ton, without revolution CT any uE.
toward Kind.
we are al agreed that private
monopoly is indefensible and intoler
able and cur program is founded on |
hat conviction. Il viii be a compar. |
alive but not radical or unaccept- |
able program and these are lis items, |
the changes which opinion deliber- |
ately sanctions and for which bust |
ness waits;
1T awaits with aequiescene, in the |
first place, fer laws which Will ef
iectually prohibit and prevent such
interviewing Of the personnel of the
directoTates of great oorporations-
banks and railroads, Industrial. com
meFcial and public service bodies
IS in effect result in making these
who borrow and these who lend prac-
tically one and the same. these who
sell and those who buy but the same
persons trading with enc another I'M
der different names and IN different
combinations, and those who effect to
compete in fact partners and mas
ters OF some whole held OF business.
sufficient time should be allowed, of
course. il which to effect these
changes of organizations, without in
convenience or confusion.
Time fer Readiustment.
such "a prohibition VIII work
much more than a mere negat.ve
cood by correcting the serious evils
y mich have arisen because, for e&-
ample, the men who have been the
directing spirits Of the great invest
nCnt banks have usuracd the place
hich belongs to independent indus
rial management working in its own
behalf. 1t will bring new men ne~
energies, q new spiril of initiative,
lCw blood, into the management Cf
cur great business, enterprises, de-
gelopment and Organization 70 scores
CT men who have been obliged TO
serve when their abilities entitled
| hem to direct. 1t will immensely
hearten the young men coming On
and will greatly enrich the business
activities Of the whCio country.
| '1n the second place, business men
as well as those who direct public az
| fairs now recognize, and recognize
with painful cleSrless. the great
harm and injustice which has been
| Lone to many, il not all, OF the great
abroad system Of the country by the
way in which they have been tinanc-
I'd and their own distinctive interests
subordinated to Tie interests Of the
men who financed them and Of other
business enterprises which those moi
! wished 10 promote, The country Is
ready, therefore, to accept, and &C
cept with relief, as well as approval,
law which will confer, on the inter
| state commerce commission the
COVER to superintend and regulate
| he financial operations by which lie
"ailroads are henceforth to be sup
alied with the money they need Ter
heir proper development TO meet tho
rapidiy growing requirements Of tho
country for increased and improved
facilities Of transportation. We can
got postpone action in this matter
Without leaving the railroads exposed
o many serious h0ndicaps and hag
vrds. and the prosperity of the rail-
Dads and the pre-. eerity Of the coun
~ are inseparabiy connected. Upon
his question these who are chiefly
asponsih!e for the actual manage
nant and operation Of the railroads
have spoken very plainly and yer!
larnestly. with purpose we ought
. be quick to acc pt. It will be one
step, and very Important one, to
Yard the separation Of business o.
reduction from the business Of pre-
,uction.
To End Uncertainty.
The business Of the country
waits also, has long awaited and haI
Uttered because it could not obtain
urther and mere explicit lcgisiatiy,
leiinitiCn of the policy and meaning
# the existing antitrust law. Moth
ng hampers business like uncer
ainty. Nothing daunts or discour
ges it like the necessity to taxi
hances. to run the risk Of falling
,nder the condemnation CT the Law
iafore it can maize sure just VIVA
/. he law is. Surely we are suificientl
, amiliar with the actual processo
| nd methods OF monopoly and Of til
many hurtful resjra ints OF trade t
, make definition possible, ct any rat
Up to the limits Of what eXperlanc
2 las disclosed. These practices, b.
ne now abundantly disclosed, can b
explicitly ard item by item forbit
{ len By statute in such terms as wi
$ practically eliminate uncertainty, tn
6 aw itself and the penalty being mad
equally plain.
And the business men of tn
ccuntry desire SOY ching more tina
nat the menace Of legal process
, he matter be made explicit AT
/ Ineligible. They desire the adyic
!. he definite guidance and informatic
G which can be supplied by en- admin
4 :rative body, an Interstate trade Ger
4 mission.
. The opinion Of the ccuntl
L would instantly approve Of such
4 commission. 1t would not wish
q see it empowered to make terms vi
q monopoly or in any way to assun
"a ,ontrol of business, as if the COVER
~ uent made itself responsible.
"a 1T demands such commissit
ID My as an Indispensable instrume
~ of information and publicity, as
,e Tearing house for the facts by viii,
e. soth the public mind end the mana
IN srs Of great business undertaken
a should be guided and as an instr
IN mentality for doing justice to bu
Te ness where the process Of the cour
at or the natural forces Of correcti