“We recognize the organization of capital and the organization of labor as natural outcomes of our industrial system. Each kind of organization is to be favored so long as it acts in a spirit of justice and of regard for the rights of others. Each is to be granted the full protection of the law, and each in turn is to be held to a strict obedience to the law; for no man is above it and no man below it. The humblest individual is to have his rights safeguarded as scrupulously as those of the strongest organization, for each is to receive justice, no more and no less. The problems with which we have to deal in our modern industrial and social life are manifold; but the spirit in which it is necessary to approach their solution is simply the spirit of honesty, of courage, and of common-sense.” * * * * * The action of the Attorney-General in enforcing the anti-trust and interstate commerce laws, and the action of the last Congress in enlarging the scope of the interstate commerce law, and in creating the Department of Commerce and Labor, with a Bureau of Corporations, have for the first time opened a chance for the National Government to deal intelligently and adequately with the questions affecting society, whether for good or for evil, because of the accumulation of capital in great corporations, and because of the new relations caused thereby. These laws are now being administered with entire efficiency; and as, in their working, need is shown for amendment or addition to them—whether better to secure the proper publicity, or better to guarantee the rights of shippers, or in any other direction—this need will be met. It is now asserted “that the common law, as developed, affords a complete legal remedy against monopolies.” But there is no common law of the United States. Its rules can be enforced only by the State courts and officers. No Federal court or officer could take any action whatever under them. It was this fact, coupled with the inability of the States to control trusts and monopolies, which led to the passage of the Federal statutes known as the Sherman Anti-Trust Act and the Interstate Commerce Act; and it is only through the exercise of the powers conferred by these acts, and by the statutes of the last Congress supplementing them, that the National Government acquires any jurisdiction over the subject. To say that action against trusts and monopolies should be limited to the application of the common law is equivalent to saying that the National Government should take no action whatever to regulate them.