The Waterbury Democrat., 1938-01-31

On his one side sits a group which advocates trainbusting. On the other side sits 8 group which advocates trust regulation. And the undercover tug -of-war between them may have farreaening effects upon the nations economic struc- ture.
 Here are the rival lineups: TruSt-B Busters
 Robert H. Jackson, assistant att torney general and the Presidents personal choice for governor Of New York, is the No. l Trust Buster. He was behind the prose- cution of the big auto finance companies in Milwaukee, and be- hind the plan to crack down on the big movie companies for vio- lation of the Sherman Antitrust Act.
 Harold Ickes, secretary of the interior, lifelong foe of monopo- lies, is the Presidents chief hatch ct man against them.
 William o. Douglas, brilliant young chairman of the Securi- ties and Exchange Commission, is the third member of the trust busting group.
 Trust-Regulators
 On the other side of the fence are members of the Presidents original Brain Trust, now come back to the battlefront. They are:
 Rexford Guy Tugwell, former Columbia professor, and under secretary of agriculture, now vice president of the American Mo- lasses company.
 Charles Taussig, head of the same molaSses company, who never has held any administrative position in the New Deal but has played a powerful role behind the scenes.
 Adolf Berle, Taussig's business attorney, a member of Mayor La Guardia's cabinet, and recently offered the federal job of assis- tant secretary of state.
 Clashing Theories
 The latter group believes in mo- nopolies-though in no such way as to bring joy to the heart of the monopolist. The Brain Trust CTS are not seriously disturbed by the size of giant corporations; in fact they believe that an econ- omy based on large Industrial units rather than little fellows" makes for cheaper prices and cas- fer government supervision.
 This is one of the most inn portant points in thelr program. They want the government to regulate the trusts, not break them.
 Probably this is an -simpli- fled statement of very complex theory, but in general the Brain Trusters lean toward a new MIRA, through which industry, under government direction, would op- crate on carefully planned, high-production, low-price basis.
 Such program, according to the Brain Trust, is exactly the reverse of the NRA as man. handled by General Johnson and Donald Richberg, who gave the monopolists free hand and whose guiding motto was: Hold down production and boost prices"
 Any new MIRA bearing the TugWell-Taussig- -Berle trade mark would do just the opposite - in- crease production and cut prices thereby increasing employment and buying power.
 The Brandeis Theory
 In opposition to this view are the Jackson-Ickes-Douglas group, disciples of Justice Brandeis. The Brandeis theory is that all mo- nopolies, all big business, all chain stores must be broken up, that there are certain natural monopo- lies such as railroads, public utiliz ties, and natural resources, but all other industry must be small
 Vast enterprises, according to the Brandeis theory, are beyond the competent management of human beings, so that new NRA would mean the complete en- thronement of big business and the wiping out of the little fellow.
 Therefore this group of Presi- dential advisers wants new and stronger antitrust laws, with larger and tougher machinery to enforce them.
 NOTE = Incidentally, Senator Borah, veteran foe of monopolies although not a New Dealer, has