The Nome daily nugget., 1914-06-03


 a library could be fitted with the re- ports. but there is movement among democrats in congress to postpone remedial legislation until they have been investigated once more by a commission which is to re- port legislation to the next congress- 1t IN 10 the credit of President Wilson .nAt ne VppOses further deiay and in swts on adequate legislat,on at the present session. lie appears to have infused sOms energy into the house commttee. Tor the suD- committee III charge of the "nve brothers" now proposes to combiI.e them in one bLI al,d to hasten q report
 The trusts seem to have been en- outraged Dy Sir. Wilson's conciIiatory tone to attempt to delay legislation. or Ealling that, to pull the teeth of the bills. If they imagine the presiden, or the American people wiil tolerate such tactics they are wOsfully nis- taken. The subject is ripe for action for the popular will has bean repeat edly expressed and is well denned al to the kind of legislation that shoulC be passed. Having entered upon the work of laying down the conditions uoAaa xwyhioh h,,~ina~~ shan Ao Nou~ congress should complete that work with all reasonable expedition. Then. with regulated railroads. O revised tariff. reformed currency. and safe guards against monopoly. business can revive and expand with confidence as to the laws which govern 1t.
 But the "nve brothers need much revision to make them workable measures. AS proposed. the trade com mission would have inadequate pow CTS. It should have power to frame plans for the segregation and read justment of unlawful combinations and to supervise the execution o1 these plans under the direction of the courts. Its functions are restricted by the bill to obtaining reports and to conducting inquiries on complain, of individuals. by request of the attor- ney- general or on its own motion That is not enough. It should be au- 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.
 Az Samuel Untermyer states in the North American Review. the bill for bidding interlociing directorates would dummy directorates and would permit common stock owner ship of competing corporations which are the real evils that need extirpa- ness brains in . community and who might act for large number of in- vestors. to have . hand in the direc. ton of large industry in his city. II would forbid one man to be a directo, of banks in different cities. though they were not competitive. and MT Untegmyer says: Tt ought to be en. titled An act to substitute dummy df' rectOre in banlkH.'"
 There is in the bills evidence tha the zeal of the democracy for de structlon of monopoly Is cooling. The, need Mir. Wilson's spur to action ant they need his vigilence that. their bill shall really cure the evils from whicl the country has been suffering an' shall not infiict new evils. The lead CTS in congress may be influenced b. predictions of business depression fol lowing upon the drastic legislatlon ln of political disaster to ensuc. The need to be reminded that business con ditions cannot Dc expected to becom settled until the trust question is set tied in accordance with public opin ion and that even greater political dis aster will befall them if they fail t act urofAnfIy and ekeectivesy.