The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-01-21
WILSON DELIVERS MESSAGE
ON SUBJECT OF PRIVATE MON0P0! Y

their abilities entitled them to direct
1t will immensely hearten the young
men coming on and will greatly en-
rich the business activities OF the
whole country.
In the second place, business men
as we'll as those who direct public
analrs now recognize, and recognize
with painful clearness, the great
harm and injustice which has been
done to many, if not all, of the great
railroad systens of the country by
the way in which they have been f.
nanced and their own distinctive in.
terests subordinated to the interests
Of the men who financed them and
Of other business enterprises which
those men wished to promote. The
country Is ready, therefore. to accent.
ard accept with relief as we'll as an
proYal, law which will confer upon
the Interstate Commerce Commits
sion the power to superintend and
regulate the financial operations bv
which the railroads are henceforth to
be supplied with the money Tor thci
proper development to meet the rap-
idiy growing requirements of the
country for increased and improved
facilities Of transportation. we can
not rostponn action in this matte,
without leaving the railroads eX-
posed to many serious handicaps and
hnZards; and the prosperity of Tho
railroads and the prosperity of the
country tre i7scparhbiy Connected
uron tHis question those who arn
chiefly responsible for the actnaI
management and operation of ths
raiiroads have apoken very plainly
ana very earnestly, with a nuruoce
We ought to be quick ito accent Il
VIII be one step, and q very impor
tant one. toward the necessary sera-
ration OF The business of production
rom thc business of transportation
ihe business of tllc country awaits
siso. mas long awaited ard haa suf-
rs; ecaSsc :t co;;id not obtain
,urther ond more explicit la~islative
dennltIon J, Of the policy and nearing
ol ene existing antitrust law. Moth
mS n2mpers business like uncertain
y. Nothing daunts or discours gas
it like the necessity to take cbsncos
to run the risk Of falling rndar +bs
condemnation OF the law before -
can make surs iast what +he law ia
9aL9fT we are sufficiently fsr;iigr
with the actual processes ard mos,
ods or monopoly and OF the many
huIiut restraints of trade to mako
dehnltion possible, at any rate M tn
Ine limits of what experiences bas
row asundantly disclosed. can he ax9
piicltly and item by item forbiddar
Dy statute in such terms as viii Tyras,
.Iscs,sy 7. eliminate uncertainty, tha Law
ltser and the penalty being nads
equally plain. at ttde
And the business men of tba co,,,,
Try dealre something mora than 4ha,
tne menace of legal process in these
!. matters be made explicit ard infaI-
iig.oie. they desire the advice tba
dslnlte guidance and informnt;or
Mnlens can be supplied by an admir-.
as msraeiye body, an interstate trade
The opinion of the country vzop1e
instantly approve of such comniS- |
a,on, ~ Wouid rot wish to see Il |
!, to make terms with mo
s,,l. nupy or IN any sort to ar.
s.sI. ssi,ie control of business, as if tho
:. T"f:l.ent : made ITSELF Responsible |
: ~ usInamas such q commission onlv
;r,yo =. III tu.naisfensable instrument OF |
!, sh,sor;s.ation ~ &. and publicity, as "a
a fI,-.I
which both the public mind and tbs
managers Of great business ,,aJaa
sakings should be guided, and as
ilssru naeptaiity for doing justise "a tn
business where Che PROCESS ~ -
QUITS our, or the natural forces If ~,
Eeatton outside the courts are ';nsSa
luate 70 adjust the rernetiv IN A.
IstonR IS IN a way that win f,,caf TIil
nc equities and cfrcuTnStar,cas' Sss ~.
Producing industries, FOR 'stxarnnia
n, 'Sts:Sn 81 nave passed the point up f1i
combira ton NAV ,se y ray, 49, ~
public interest ann fhs ss
loMi OF trade, can not siways, hs 5,S;s,
.ected into their conapoueff ,y,,ifs =.
.saeiiy as railroad riisss,ias9 = Z =. =.
= ,itlliIar organizations 6es Sc ;iip,,,;.
lssolution by ordinary feea 81
llay orcentim6s inttls,. fiIinrE.sI 80
.ssINSsncess s vIs e likely to ovorWhe ain, Sha
s.s1ily market and bring y,Son : Il
sssSskeown and confusion. TNz+1
.IEgns % % an afministfA tive rns,,' @
'hSSssol eapSple OF directing and i
SSf ~ ,s. sles corrective Hr6eSssas
=, ~ Szlty va aid OF the courts but Ssiso
IS s ~ S.les pshoent suggestion, Il neeess
mn IilSs I Sgsh e az our object and the 4
cur action ini tliAse ma itS,s
\ so meet business half way II Il, ~, -
,1SSesseS ,,ssS IS. oI self-c correction sId ,iiss
s.so lSs Ies.timate eotirse as ,l;ttj,s :
ss. ~ We TO see IS sa,S,J
y ~ Jue4s;lllent OF practical ana = - -.
se;,S.s ~ men of affairs svarvwh ~
i. pug = appiSrd us if we did see Y, n
bd,,t6 = sis ties and punishn1ents
Mt 49, si NOT upon busincss ifseif
| sgSn tas itlsss who use fhs
nlilts sshte 4 nahisc paIist. - q.
ct of B,,s;,, ssg ); ss,tl osslil: Every