The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1915-03-30

wiz oN NECESSARY III bAt proper OsAA-
ing with questions which come h-for.
the new body in any % its capacilr~.
Upon the direction of the Pr.Si-
dent or of either hous ~ Congress,
the commission has authority 10 in
vestigate alleged violations % anti
trust acts. Moreover. when a final
decree has been entered by the courts
AGAINST an offending corporation. the
commission may investigate the man
ner in which IL has been carried out.
Under this. operations Of any cor
poration against which q decree 81
dissolution has been entered may he
undertaken.
Also. if in any salt in equity
brought by the government under
the antitrust acts. the court Is -
the opinion that relief should he
Granted. it may refer the matter TO
Gerry TO make recommendations for an
appropriate form OF dissolution de-
cree Further. on the application OF
the Attorney General an investigation
~ the business OF any corporation al
legged to be violating the antitrust
5 acts may be made. The commission
l then is to make recommendations for
!, readiuStInent which shall bring il into
= accordance with the law.
= 1T happens occasionally that r.
corporation which has offended is
= anxious To ahate the practices COM
pla'Ead OF and conduct itself strictly
according to law. Hence there his
o Grown up in the Department + jus
TIC" the practice 81 Consent Gecrnes.'
S "In this matter. as III tn other
tnat | have mentioned the iaW-"n-
forcing arm Of the government anu
= the courts will have the services OF
n tF;s ORGANIZATION and its expert pusi-
IS Cess knowledge"
"lI has been said" suggested rhc
x Interviewer, that the trade comnis-
q sion also has ntyXar ~ act ~ = fnriT-
commission? p"
,f Hello In Tarin.
IL "Soine considerations affecting tho
y tariff" said Mr.. Davies. ace INSOFAR
= able from the work of a coinmIssion
- such as this. In coming 10 n ac-
&c rurate understandings of matters C
domestic trade. the foreign trade fac.
tor figures LARGELY.
", "AuSrralia. for example. has = trade
i commission OF new CREATION. which
Of also IS il fact q tariff coinm;SsiCr
in One of the first matters with which
it had TO deal was a petition r@oIeSl-
&c ing the elevation OF the tariff on
printers supplies. This led l., an in
ed veati2ation which disclosed The exist
cree of Il combination which controil-
q co the trade and indulged in nu1ner-
Ill Ous Methods Of Unfair c0UnDelitlon.
50 the first decision Of this tradr ON
r. mission was on" 10 break no tha com
n. h'n""o" o. al atarte from 2
le, tariff investigation.
nj "Another Of foreign trade
i which is certain to engage the trade
ity commission is the question of re-fnit
ate tins combinations to meet foreign
IRE competition in foreign markets.. It j
to Il question of inheritance.
ro- \ Hypothetical Case.
nj ITO state a Hypothetical case: ~
es- American manufacturer OF stove
goes into a South American COUNT.
and bids on q fjp Hnnfro1f fa~ cfny.S
ali He is about to get the business, Wh@1
a European combination, con.istin.
nm of the sixteen large stove ~rlanu:a
us turers OF that country, comes in, cut
the price away below his price, get
no the contract and then distributes til
ion loss among the sixteen houses. Thi
q is the sort of combination and com
re- petition which American I%nanufac
:'ze turers have 10 meet in foreign mar
ar kets. How are they going 10 NEE
Ter It?
The fact is tina as the broader
minded business men Of the worl
lis realize, the problems OF regulatin
ALL competition is becoming a Worl
problem rather than a nations
problem. And this is a wonderful.
powerful influence Tor WOrld pedc
as even in this time Of near-world-wid
not war.
err "a most significant thing IS that
our year ago there met in Paris q COZ
gresS of the chambers OF c0nln1ert
neS OF the WOfiQ, called IOI the puTpos
fair Of considering questions Of worI
are trade. The result was the appoin
cate ment Of a committee looking To II
an creation of q code of action in ip,e
iea- national trade which must lead to Z
HgS international trade court 10 delel
are NINE the controversies anU 20 ehIoT'
the DEGREES which a Worldwide il
sion terest and opinion demands. III
ON seems like a far cry. but it is one
the significant facts in the eYolutit
ex- Of world business.
Z OF twenty-five years ago the 5roW.
Of Interstate trade developed Il
fact thai there existed a broad 10
yers between the Federal jurisdiction 81
IS the state jurisdiction-a zone