American literature -- Periodicals; Literature -- Periodicals
MR. LITTLEFIELD: Do you, as the representative of organized labor,
favor the boycott, both as an inter-State and a local proposition?
MR. GOMPERS: I do, sir.
MR. LITTLEFIELD: And your organization stands for that?
MR. GOMPERS: It does, sir.[K]
_Government to Discriminate Between Good and Bad Trusts_
As to monopolistic corporations, the proposed act placed them entirely
under the supervision of the executive branch of the government. If
you wished to form a trust, or enter into a restraining contract,
and, at the same time, to escape the prohibition of the Sherman
Act, you would first, under the provision of this bill, submit the
proposed arrangement to the Commissioner of Corporations and answer
such questions as he saw fit to ask. If he gave approval, you could
go ahead and carry out the deal, practically secure against further
interference. If he disapproved, you would be liable to attack under
the Sherman Act. In fact, the administration was to be given arbitrary
power to discriminate between good and bad trusts, to separate the
corporation sheep from the corporation goats. "You are all right," it
could say to one combination; "you are all wrong," it could say to
another. The federal government, in other words, was to rule absolutely
the business activities of nearly 80,000,000 of people; merely by a
word it could authorize a gigantic combination like the United States
Steel Company, and prohibit another like the Standard Oil.
_"Reasonable" and "Unreasonable" Combinations_
Public-domain text, read in full here on John Shaqi.
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