The Daily Alaska empire., 1928-08-11
Dr. Smith Diagnoses Our Industrial llls--And Proposes Remedy.
Engineering and Mining Journal. )

Markedly in the public interest is the analysis of cur industrial situation and the suggested remedies embodied in the address of Dr. George Otis Smith before the section of Mineral Law of the American Bar Association, at Seattle. Washington on July 24 That Dr Smith deductions and his advice are in harmonious ac- cord with the expressed opinions of other dis tingushed representatives of business and industrial life adds weight and luster to his declarations
 Obviously, it is to the representatives of the law that industry must address itself if the obso- lete governmental machinery that hampers it's development, selfcontrol, and evolution is to be scrapped: for both Congress, in which the pre- ponderance of legalists is overwhelming in more senses that one, and the judciry, which has the final say all matters of love lerty life and license, must be convinced of the imperative need for change before industry may be freed from the shackles imposed by the lawgvers of other days.
 The occasion of pr. Smiths presentation of the result of his study of industry and govern ment colored with some measure of romantic interest by the fact that an illustrious pre- decessor, Dr. Rosster w. Raymond for long an official of the A. 1. M E., and the first editor of the Engineering and Mining Journal in his initial official report to the Government on the mines of the West, had pointed out that Gov ernments are in certain trustees of the wealth stored in the mineral deposits of their realms-trustees for succeeding generations of their own citizens and for the world at large D
 Dr. Raymonds doctrine of sixty years ago is now generally accepted civic dogma It has been reaffirmed by leaders of thought and of our in dustries, in natural major and minor key in increasing volume, especially in the last decade Evey proper influence should be exerted upon our National officials, to the end that it's crescendo may climax i'll some action at Washington No problem of our complex National life-not farm relief nor prohibiton-transcends in importance the necessity that Congress be brought to an I increased realization that industry in the United States has in very truth come of age and can be trusted to behave itself.
 In every field of corporate business which is performing National service, leaders with con lstuctve purpose are with clear voice demanding lhdustrys release from it's present limitations | pr' smith, In his address, quoted Messrs Schwab hoover and other industrial leaders Referen ce mas already been made in these columns to the fact that MT. James H. McGraw, in a recent announcement, calls stirringly for more states manshlp in business-for increased dedication to service The thought is dominant in our exist I Ing industrial and civic life.
 I Dr. Smith is indeed fortunate in that he ma ', speak In dual role: the director of the united States Geological Survey and as President oi the A. l. NJ. E. His address deserves wde reading and his appeal should have the sunnort | or all cluzens who possess the intelligence to realize the restrictions imposed on industry bv laws that owe their existence to the conviction that American business, corporately is inherently dishonest Interpretations of the provisions of the sbor- man Law and the Clayton Act that nulfy their plaln intent are repugnant to honesty and self respect They stink of hypocrisy They are root eu Ill cowardlce-in fear to face facts that arc pialh to all men who possess sufficient courago to accept the truth. The honest course is to reVise or to repeal the laws themselves