Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-01-05
URGES FEDERAL
/ ANTITRUST BODY
Samuel Untermyer Would
Have Commission to Enforce
Corporation DissOlutiOns.
MONEY TRUST PROBER
HITS consent DECREE"
Plan for Restoring Business
Freedom and Confidence
Outlined by Him.

CHICAGO, Jan. 5.-A powerful ex
ecutive body, to take over the work
which the attorney general Of the
~Bnited States and the Federal courts
have attempted in enforcing the dis
integration of outlaw corporations is
the country's great need, as sketched
by Samuel Untermyer, of New York,
at luncheon here today. Addressing
the members of the Illinois Manufac-
turers' Association, the former coun-
sci for the Pujo committee, which
placed the threads of the country S
finance under the microscope a year
ago, presented "a legislative program
10 restore business freedom and con-
f5dence."
IS He struck at the consent DEGREES
rs now being negotiated by the at
4prney general and declared that mo
such vast power as now exercised by
him OF determining corporate life or
death should be lodged in any ap-
spointive officer OF the government.
Present Plans uncertain
TT ceases to be a government of
: law he continued, land becomes a
s5 xItful, uncertain and irresponsible gov
eminent of men, with every case
law unto itself, to be decided by the
whim of one man and subject to no
1xed rule or right of appeal.
fOutlining his plan for restoring
Business freedom Mr.. Untermyer
declared that leaders of big business
must first purge their minds of preju-
s! dice and must subordinate personal
~ desire for gain to the public good.
Next in importance, he said, is that
the laws under which business is con-
sducted must be so plain that the bust
ness man can tell instinctively what
eeonstituteS a violation.
tComplete dissolution between the
sfsailroads and industrial corporations
@~3Dd laws requiring railroads 10 part |
afHith interest in properties whose |
e,products they are engaged in trans |
porting also is a requirement. accord |
~1ng to Mr.. Untermyer. An executive |
Iody to study each situation and |
recommend to the court comprehen- |
sive plan of disintegraticn is needed |
.fMhen the new laws are put into effect. |
The human quality, which he clas-
siiled as stockholders" was the chief |
preventive of immediate reform, ac
cording to the speaker 1T is one of |
4the best known and safest factors in
corporate management and the one
sop which the banking interests can
@xfost safely rely. It survives dis
honesty. mismanagement and every
form of corporate abuse. It is incur
neBle and immovable. 1t is more than
ali the other causes combined respon
issible for corporate distrust and the
alls from which we are now suffering.
Nothing is to be gained by re-
prisals in the way of criminal prose-
Buttons for past violations that were
committed before the courts had con-
atrued the law as we now understand
st and that have been remedied or
definitely abandoned. There should
Fbe complete amnesty a clean
Slate as far as concerns criminal |
prosecutions as to those of the past"
IDLE criticised the dissolution Of the
,Standard Oil as "farcical," and that
of the Union and Southern Pacific as
not much of an Improvement. 1.-THE
Euperstructure was changed" he said
f.but the common foundation and the
basis of control has been permitted
10 stand"