The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1914-01-28
WOULD BAR CONCERNS BEING
INTERESTED IN BUSINESS OF COMPETITORS

IlIh lHfNNtF' VII NV ~ '''
dressed personally to a Joint session
of congress-, said;
Gentlemen of the Congress: In my
report "On the State OF the Union,
which | had the privilege OF reading
to you en- the I'd Of December last.
vcnturpd To reserve for discussion az
a later date the subject Of additional
LEGISLATION regarding the very graph
ical and intricate matter OF trusts and
%monopolies. The time now seems op'
portuur to turn TO that great que3-
ton: not only because the currency
legislation which absorbed your attch.
ton and due attention Of the country
in December is q disposed Of. but
also because opinion seems to be
clearing about us with singular rapid
,ty In this other great field of ac,ion.
In the n.atter of the currency II
cleared suddenly and very happily
after the much.debated act was
passed: In respect TO the monopolies
which have multiplied about It's, and
in regard to the various means by
which they have been organized and
maintained. II seems to be coming to
a clear and all but universal agree.
ment In anticipation Of our action. as
IL by way OF preparation, making the
way easier to see and easier to set
cut upon with confidence and without
confusion of counsel.
Masters OF Business Yield. I
The great business men who or.
~ganized and financed monopoly, aud
those who administered II in actual
everyday transactions. have year aft.
er year. until now, either denied It's
existence or Justified 1t as necessary
for the effective maintenance and de-
velopment OF the vast business
processes OF the country In the mod.
ern circumstances. OF trade and manu-.
facture and finance; but all the while
opinion has made Roadway against
them. The average business man Is
convinced that the ways OF liberty are
also the ways of peace and the ways
OF success as we'll; and at last the
masters of business on the great scale
have begun to yield their preference
and purpose, perhaps their Judgment
also. In honorable surrender.
We are all agreed that private mo.
nopoly Is indefcnsible and lntolcra.
BILE and our program is founded
upon that conviction. II will be- a
comprehensive but not n radical or
unacceptable program, and these are
ita items, the changes wGirh opinion
deliberately sanctions and for which
business waits:
Favors Fair Competition.
II waits with acduicsccnce. In the
first place, for laws which will cffcc.
tunlly prohibit aud prevent such inter.
lock!'Igs OF the personnel of the H..
rectorates OF great corporations
banks. railroads. Industrial, CONNER
cial and public.service bod!cs--as In
effect result In making those who Dor
row and those who lend practically
one and the same. those who sell and
those who buy but the same persons
trading with one another under differ.
ont names and in different cOmbina'
lions. and those who affect to com.
pete IN fact partners and masters OF
some whole field OF business. Suffi'
Client tine should be allowed. OF
course, In which TO effect these
changes OF organization without in.
convenience or confusion.
To Regulate Financing Of Railroads.
In the second place, business men
rs well as those who direct public If.
fairs now recognize. and recognize
with painful clearness. the great harm
and Injustice which has been done 10
many II not all, OF the great railroad
systems OF the country by the way In
which they have been financed and
their own distinctive interests subo-.
dinated to the interests OF the men
who financed them and of other bust.
ness enterprises which those men
wished to promote. The country Is
ready. therefore, TO accept. and &C.
capt with relief as well as approval, n
law which will confer upon the inter.
state commerce commission the
power to s|uperintend and regulate the
financial operations by which the rail
roads are henceforth to be supplied
with the money they need for their
proper development to meet the rap.
idly growing requirements OF the
country for increased and improved
facilities OF transportation.
We cannot postpone action In this
matter without leaving the railroads
exposed to many serious handlcaps
and hazards; and the prosperity Of
the railroads and the prosperity of the
country are inseparably connected.
Upon this question those who are
chiefly responsible for the actual man.
agement and operation OF the rail.
roads have spoken very plainly and
very earnestly, with u purpose we
ought to be quick TO accept. 1t will
be one step. and a very important one,
toward the necessary separation Of
the business OF production from the
business OF transportation.
More Explicit Laws Required.
The business Of the country awaits
Daily Thought.