Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-27
Why Wilson's Trust Remedy
Will Fail

President Wilson is right in saying that generation Of
experience has prepared the country the corporations and the
people alike to receive in spirit of cooperation laws
the admitted evils of the past
The remedies Mr. Wilson proposes for the railroads are
right Railroad willing and eager accept them
They feel that they need the protection Of the
they willing consent to closer supervision of their nan
cling Even high fnancers'' no longer resistant
For the trusts Mr. Wilson has remedy presents
idea. He merely holds olive branch to them The
only regulation he proposes bureau of information without
power do anything.
repeats ancient plattude that all private monopoly
ndefenbe and ntolerable This untrue because there
natural private monopoes like railroads. telephones gas
electric lighting and anthracite COAL which Mr. Wilson has
idea of abolishing, and does not find "intoerable"
All these monopes necessary but they beneficial
only when their prices profits regulated by
the prices of all except anthracite COAL present
INDUSTRIAL monopoes should be regulated their prices
or profits IN exactly the same way whenever monopoly of
public necessity becomes strong that it longer regulated
by competition This is not revolutionary Experience
shown that it is both practicable and necessary
For the and combinations which have not attained
monopoly but active interstate commerce. Government
vested with power prevent every form of re-
strain of fraud overcapazaon has become ndspuabe
In other way peace with justice be restored
tanned.
All legitimate co operation combination or consolidation
WITHOUT RESTRAINT OF TRADE should be permitted 1t
the universal tendency of modern business all countries
is neither possible desirable to abolish combination coop
Grafton An organization is not dangerous because large
Size not in itself an evil if it is under control
criminal trust and often does kill its rivals with no
other weapon than competition destroy in
jure others by cooperation It is live let live
policy
The Industrial Commission should be EXECUTIVE and
not judicial body Control of the through the judicial
branch of the Government is admitted by lawyers be
failure judicial tribunal when injurious practices are
proved asks only Are such practices ega? Business
Court would ask only: Are such practices right?'
Granted adequate power such commission would stop
practices promptly leaving offenders against the law pun
shed aferward by the courts like other criminals just wit
who commits perjury in action turned the
District Attorney for criminal prosecution in another
The punishment of the guilty should be for felony
demeanor by imprisonment not by fine and the
should be directed against the responsible heads the corpora
ton not against the stockholders Most of the stockholders in
of the greatest railroads and trusts women
Only business experience independence
ncorupble integrity would be needed the men composing
the Industrial Commission No administrative genius even
a corporation lawyer, would be necessary.
of great ability is required to MANAGE very large
bank railroad but it well known that ord
nary ability and do successfully SUPERVISE the banks and
railroads.
But President Wilson's proposed Industrial COMMISSIONS
ton between the great corporations Government and
the courswoud only increase official tape multiply
oficeholders. 1t would settle nothing