Bemidji Daily Pioneer Newspaper, December 7, 1911, Page 7

t—a > PILES CURED IN 6 TO 14 DAYS Your druggist will refund money if PA- ZO OINTMENT fails to cute any case of Itching, Blind, Bleeding or Protrud- ing Piles in 6 to 14 days. 6&0c. REST AND HEALTH TO MOTHER AND CHILD. ¢ Mrs, WINSLOW'S SOOTHING SYRUP has beu: uscd for over SIXTY YEARS by MILLIONS ¢ MOTHERS for their CHILDREN WHILY TEETHING, with PERFECT SUCCESS. 1 SOOTHES the CHILD, SOFTENS the GUME ALLAYS all PAIN ; CURES WIND COLIC, anc is the best remedy’for DIARRHQEA. _ It is ab- solutcly harmless, Be sure and ask for *“Mrs. Winslyw's Soothing Syrup,” and take no ofhes kind Twenty-five centsa bottle. e THE SPALDING EUROPEAN PLAN Duluth’s Largest and Best Hotel DULUTH MINNESOTA More than $100,000.00 recently expended on improvements. 250 rooms, 125 private baths, 60 sample rooms. Every modern eonvenience: Luxurious and delightful restaurants and buffet, Flemish m, Palm Room. Men’s Grill, Colonial Buffet: Magnificent lobby and public rooms: 8aliroom. banquet rooms and private dining_rooms: Sun parlor and observa- tory. Located in heart of business sec- tion but overlooking the harbor and Lake Superior. Convenient to everything. One of the Great Hotels of the Northwest MESSAGE OF THE PRESIDENT (Continued from yesterday). “Generally in the industrial combina- tions called ‘trusts’ the principal busi- ness is the sale of goods in many states and in foreign markets—in other words, the interstate and foreign business far exceeds the business done in’ any one state. This fact will justify the fed- eral government in granting a federal charter to such a combination to make and sell in interstate and foreign com- merce the products of useful manufac- ture under such limitations as will se- cure a compliance with the anti-trust law. It is possible so to frame a stat- ute that, while it offers protection to a federal company against harmful, vex- atious and unnecessary invasion by the states, it shall subject it to reasona- ble taxation and control by the states with respect to its purely local busi- ness. * * * “Corporaticns organized under this Store Clearing THE CHRISTMAS (GO0, LIMITED. FRIDAY To Arrange Stock For The Of All Winter Goods Closed Out Sale monthly at 8 per cent. representative. ST. PAUL To the Investor and ‘Home-Builder We have selected a number of lots—some of the most desirable in the residence district of Bemidji—which we are selling on the EASY PAYMENT PLAN—small cash payment—balayce, weekly or For description of lots and full information regar'dingvthese and other lots in Bemidji, write us or call on H. A. Simons our local , Bemidji Townsite & Improvement Go 520 Capital Bank Building MINNESOTA dPi CARTRIDGES HE uniform ignition, due to perfection of famous * Remington:UMC primer, makes for sure-fire, accuracy and penetration. They minimize personal hazard. Individually made, tested and guaranteed for all stand- ard pistols and revolvers. Recommended by leading manufacturers. Remington:UMC —the perfect shooting combination. REMINGTON ARMS'UNION METALLIC CARTRIDGE CO. 299 Broadway, New York City. act should be prohibited from ucquir- ing and holding stock in other corpo- rations (except for special reasons. upon approval-by the proper -’ federal authority), thus avoiding the creation company with subordinate corporations in different states, which has been such an effective agency in the crea- tion of the great trusts and monopo- lies. *If the prohibition of the anti-trust .act against combinations in restraint of trade is to be effectively enforced it is essential that the national govern- ment shall provide for the creation of national corporations to carry on a le gitimate business throughout the Unit- { ed States. The counflicting laws of the different states of the Union with re spect to foreign corporations make it difficult, if not impossible, for one cor- ments so as to carry on business in a number of different states.” 1 renew the recommendation of the enactment of a general law providing for the. voluntary formation of cor porations to engage in trade and com merce among the states and with for eign nations. Every argument which was then advanced for such a law and every explanation which was at that time offered to possible objections has been confirmed by our experience since the enforcement of the anti-trust stat- ute has resulted in the actual dissolu- tion of active commercial organiza- tions. It is even more manifest now than conspiragies in restraint of trade should not and does not mean the de- nial of organizations large enough to be intrusted with our interstate and foreign trade. It has been made more clear now than it was then that a purely negative statute like the anti- trust law may well be supplemented by specific provisions for the building up and regulation of legitimate na- tional and foreign commerce. i Government Administrative Experts Needed to Aid Courts In Trust Dissolutions. The drafting of the decrees in the dissolution of the present trusts, with a view to their reorganization into le gitimate corporations, has made it es- pecially apparent that the courts are not provided with the administrative machinery to make the necessary in- quiries preparatory to reorganization or to pursue such inquiries, and they should be empowered to invoke the aid of the bureau of corporations in determining the suitable reorganiza- tion of the disintegrated parts. The circuit court and the attorney general were greatly aided in framing the db- i cree in the tobacco trust dissolution by an expert from the bureau of corpora- tions. Federal Corporation Commission Pro- posed. 1 do not set forth in detail the terms and sections of a statute which might supply the cor uctive legislation per- ‘mitting and aiding the formation of combinations of capital into federal corporations. They should be subject to vigid rules as to their organization and procedure, including effective pub- licity, and to the closest supervision s to the issue of stock and bomnds by an esecutive bureau or commission in the department of commerce and labor, to which in times of doubt they might well submit their proposed plans for future business. It must be distinctly understood that incorporation under a federal law could not exempt the com- pany thus formed and its incorporators and managers from prosecution under the anti-trust law for subsequent il- legal conduct, but the publicity of its procedure and the opportunity for fre- quent consultation with the bureau or commission in charge of the incorpora- tion as to the legitimate purpose of its transactions would offer it as great se- curity against successful prosecutions for violations of the law as would be practical or wise. Such a bureau or commission might well be invested also with the duty already referred to of aiding courts in the dissolution and recreation of trusts within the law. It should be an executive tribunal of the dignity and power of the comptroller of the cur- rency or the interstate commerce com- mission, which now exercises supervis- ory power over important classes of { eorporations under federal regulation. The drafting of such a federal in- corporation law would offer ample op- portunity to prevent many manifest evils in corporate management today. including irresponsibility of control in the hands of the few who are not the i real owners. Incorporation Voluntary. I recommend that the federal char- ters thus to be granted shall be volun- tary, at least until experience justifies mandatory provisions. The benefit to be derived from the operation of great businesses under the protection of such a charter would attract all who are anxious to keep within the lines of the law. Other large combinations that fail to take advantage of the federal incorporation will not have a right to complain if their failure is ascribed to unwillingness to submit their transac- tions to the careful official scrutiny, competent supervision and publicity attendant upon the enjoyment of such a charter. Pnly Supplemental Legislation Needed. The opportunity thus suggested for federal incorporation, it seems to me, is suitable constructive legislation needed to facilitate the squaring of great industrial enterprises to the rule of action laid down by the anti-trust law. This statute as construed by the supreme court must continue to be the line of distinction for legitimate busi- ness. It must be enforced unless ‘we are to banish individualism from all business and reduce it to one common system of regulation or control of prices like that which now prevails with respect to public utilities and under national auspices of the holding poration to comply with their require- | it was then that the denunciation of | which . when applied to all business | would be a long step towmd state so- clalism. Importance of the Anti-trust Act. ' The anti-trust act is the expression of the effort of a freedom loving peo- ple to preserve equality of opportunity. It is the result of the confident deter- mination of such a people to maintain their fprurs growth by preserving un- controlled and unrestricted the enter- prise of -the individual, his industry, his ingenuity. his intelligence and his independent courage. For twenty years or more this stat- | ute has been upon the statute book. All knew its general purpose and ap- proved. Many of its ‘violators were cynical over its assumed impotence. i It seemed impossible of enforcement. Slowly the mills of the courts ground. and only gradually did the majesty of the law assert itself. Many of its statesmen-authors died before it be- came a living force, and they and oth- ers saw the evil grow which they had | hoped to destroy. -Now its efficacy is | seen; now its power is heavy; now its | object is near achievement. Now we hear the call for its repeal on the plea that it intérferes with business pros- perity, and we are advised in most general terms how by some other stat- ute and in some other way the evil we are just stamping out can be cured if we only abandon this work of twen- ty years and try another experiment for another term of years. It is said that the act has not done good. -Can this be said in the face of the effect of the Northern Securities decree? That decree was in‘no way i so drastic or inhibitive in detail as ei- ther the Standard Oil decree or the tobacco decree. But did it not stop for all -time the then. powerful move- ment toward the control of all the railroads of the country in a single hand? Such a one man power could not have been a healthful influence in the republic, even though exercised under the general supervision of an interstate comu on. Do we desire to make such ruthless combinations and monopolies lawful? When all energies are directed, not to- ward the reduction of the cost of pro- duction for the public benefit by a healthful compeistion, but toward new ways and mea™ for making perma- nent in a few hands the absolute con- trol of the conditions and prices pre- vailing in the whole field of industry, then individual enterprise and effort will be paralyzed and the spirit of commercial freedom will be dead. WM. H. TAFT. The White House, Dec. 5, 1911. A HARMLESS WAY TO DARKEN THE HAIR A Little Sage and Sulphur Makes { Gray Hair Vanich—A Remedy for All Hair Troubles, 1 Who does not know the value of | sage and sulphur for keeping the hair | dark, soft, glossy and in good condi- Ition? As a matter of fact, sulphur is a natural element of hair, and a deficiency of it in the hair is held by many scalp specialists to be connect- ed with loss of color and vitality of the hair. Unquestionably, there is no bettter remedy for hair and scalp troubles, especially premature gray- iness, than sage and sulphur, if prop- erly prepared. The Wyeth Chemical Company of New York put up an ideal remedy of this kind, called Wy- eth’s Sage and Sulphur Hair Remedy, and authorize druggists to sell it un- dér guarantee that the money will be refunded if it fails to do exactly as represented. If you have dandruff, or if your hair is thin or turning gray, get a bottle of this remedy from your drug- gist today, and see what it wiH do for you. This preparation is offered to the public at fifty cents a bottle, and is recommended and sold by all drug- gists. BRICK FACTORY We make brick and can fill all] orders ‘E promptly. Build your, house of brick made by FOLEY BROS. Bemidji, Minn. First Mortgage LOANS ON CITY ANDSFARM PROPERTY Real Estate, Rentals Insurance William C. Kiein It not let us build you one on monthly payments or we will pay off :your old mortgage in the same way. Beliraml I}u. Svmg and. Bulldmg Association .I P. LAHR, Pres. W. C. KLEIN, Secy. Offices, Rooms 5 and 6, O’Leary.BOwser Block But Why Waste Your Money Buying Useless Cifts The hardware store of today solves the problem of gift buying by offering a complete line of useful gifts for ev eryone. To get every person into our store to see our line of Christmas goods, Etc., we will give FREE with every cash purchase of ~$1.00 or More on Saturday, Dec. 9th, Oné Phoenix Sanitary Duster Worth 35 Gents. This duster will outwear any duster costing twice” the obove price, and they do not scratch fine furniture. They are easily cleaned. See our window fnll of them and watch them disappear on Saturday. Remember, one duster FREE with every cash purchase of $1.00 or more. COME EARLY TO BE SURE OF GETTING ONE Given Hardware Company BEMIDJI, MINN. Phone 57. O’Leary-Bowser Bldg. Phone (9. Bemidji, Minn. You Gan Figure It Out Yourself You know how long it would take a photograph to get there--- nearly everybody knows how long it takes to finish a dozen photographs, but few have any idea of how quick we, with our modern instruments and electric printing apparatus can get the work out for you. A dozen photographs makes a dozen Xmas gifts. Hadn’t thought of that, had you? Hadn't You Better Call In Today? ’ The Hakkerup Studio Photos at Night as Well as Daytime —~——