The Nome daily nugget., 1914-06-03

] t 'aiS Couio De ntted with the re ports. but there is moyement among democrats in congress f,
 postpone remedial Legislation unti
 they have been investigated once more by commission which is to re. port Legislation to the next congress- 1t IS to the credit of President Wilson that he opposes further delay and in- sIsts on adequate legislation at th. present session. lie appears to have Infused some energy into the house committee. for the sub committee m charge ot the live brothers" now proposes to combine them in one bill and to hasten a report.
 The trusts seem to have been en- outraged by Mir. Wilson's conciIiator, tone to attempt to delay legislation. or falling that. to pull the teeth of tn. bills. Ii they imagine the presiden, or the American people will tolerate soch tactics they are woefully mis- taken. The subject Is ripe for action for the popular will has been repeat. edly expressed and Is well defined as to the kind of legislation that shoul, be passed. Having entered upon the work of laying down the conditions under which business shall be done congress should complete that work with all reasonable expedition. Then with regulated railroads, a revised tariff, a reformed currency, and safe. guards against monopoly. business can revive and expand with confidence as to the laws which govern it.
 But the five brothers" need much revision to make them workable measures. As proposed, the trade con- mission would have inadequate pow CTS. It should have power to frame plans for the segregation and read 1ustment of unlawful combinations and to supervise the execution of these plans under the direction of the courts. Its functions are restricted by the bil to obtaining reports and to conducting inquiries on complaint of individuals, by request of the attor- ney-general or on its own motion That Is not enough. It should be au- thorized to pass upon plans of doing business submitted by corporations that they may start legally and to keep them within the law that litiga- ton may be avoided.
 As Samuel Untermyer states in the North American Review. the bill for bidding interlocking directorates would encourage dummy directorates ant would permit common stock owner. ship of competing corporations which are the real evils that need extirpa. ness brains in a community and who might act for a large number of in. vestors, to have a hand in the direc. ton of large industry in his city. | would forbid one man to be a directo, of banks in different cities, though they were not competitive. and Mir Untermyer says: Tt ought to be en- titled An act to substitute dummy di. rectors in banks.'"
 There is fin the bills evidence tina, the zeal of the democracy for de- struction of monopoly is cooling. They need Mir. Wilson's spur to action and they need his vigilence that their bills shall really cure the evils from which the country has been suffering and shall not inflict new evils. The lead CTS in congress may be influenced by predictions of business depression fol- lowing upon the drastic legislation and of political disaster to ensue. They need to be reminded that business con- ditions cannot be expected to become settled until the trust question is set- tied in accordance with public opin- ion and that even greater political dis aster will befali them if they fail to