The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1914-01-21

corporations-bank railroads, indus
trial, commercial and public service
/ bodies.
/ 2. A law to confer upon the inter
state commerce commission the pow
! er to supernitend and regulate the
/ financial operations by which rail
roads henceforth are to be supplied
with the money they need for their
proper development and improved
| transportation facilities.
/ g. Definition of 'the many hurtful
restraints of trade" by explicit legis-
lation supplementary to the Sherman
Law.
! 4. The creation of a commission
to aid the courts and to act as clear
ing house of information in helping
business to conform with the law.
I ;. Provision Of penalties ard pun
ishments to fall upon individuals re-
snonsible for unlawful business prac-
tees.
G. Prohibition Of holding comPan-
ies. and a suggestion that the voting
power of individuals holding shares
in numerous corporations might be
restricted.
:. Giving to private individuals
the right TO found suits for redress on
facts and judgments proven in gov-
ernuent suits and providing that the
statute of limitations should run
only from the date Of conclusion of
the governments action.
The president spoke as follows:
Gentlemen of the Congress-: In
my report on the state of the Union,
which had the privilege of reading to
you on the first of December last,
ventured to reserve for discussion at
legislation regarding the very diff
cult and intricate matter of trusts
and monopolies. The time DOW seems
opportune to turn to that great ques
ton; not only because the currency
legislation is now disposed of, but
also because opinion seems to be
clearing about us with singular rap
idity in this other great field of ac
ton. In respect of the monopolies
it seems to be coming to a clear and
all but universal agreement in an
ticipation of our action, making the
way easier to see and easier to sci
: out upon with confidence and without
confusion of counsel.
Legislation has it's atmosphere
like everything else, and the presen
atmosphere of accommodation ant
mutual understanding is a matter o.
sincere congratulation. 1t ought tt
make our task very much less diff
cult and embarrassing. Constructive
legislation, when successful, is al
ways the embodiment of convincing
experience. Legislation is a busines.
of Interpretation, not of origination
|, and it is now plain what the opinion
is to which we must give effect il
this matter. It is not recent nor has
ty opinion. It springs out of the ex
perience of whole generation.
f has classified itself by long contest
, and those who for long time battle'
. with it and sought to change it ar
now frankly and honorably yieldin!
: to it and seeking to conform thei
: actions 10 it.
r THE great business men who ORIG
a mated and financed monopoly an
5 those who admired it in actual every
t day transactions have year afte
e year, until now. either denied its e1
istence or justified it as necessar
e for the effective maintenance and de
: yelopment OF the vast business prc
: cesses of the country in the moder
n circumstances CT trade and manufa:
/, lures finance. but all the while opI
4 ion has made headway against then
+ At least the masters of business 0
y the great scale have begun to yieE
their preference and purpose, pc
e haps their judgment also, in honor.
! ble surrender
What we are proposing 10 d
! therefore, is not TO interfere Wit
business as enlightened business me
II prefer to do it, or in any sense to pI
it under the ban. The antagonisl
e between business and government
Il over. We are now about to give e
} preston to the best business jud
ment of America, to what We know
II be the business conscience and hone
of the la0d. The government ar
p business men are ready to meet eac
is other half way in common effort
~ square business methods with bot
If public opinion and the law That
10 the strength of our position and tt
4 sure prophecy of what will enss