Watson's Jeffersonian Magazine, (Vol. III, No. 1), January, 1909Various
History
Watson's Jeffersonian Magazine, (Vol. III, No. 1), January, 1909
Various
United States -- Politics and government -- Periodicals
The proceedings in the latter part of 1908 by the Government to
dissolve the Standard Oil are the most important ever instituted
against this odious monopoly. It is almost incredible that, after 20
years of immunity, John D. Rockefeller should be forced to “show cause”
why he should no longer be allowed to pursue his taciturn, undisputed
spoliations. Frank B. Kellog, champion “trust-buster” has charge of the
investigations which thus far have presented something the appearance
of opera bouffe. The figures juggled with are so enormous, and the
“forgetfulness” of Rockefeller, Archbold and other testifiers such
conspicuous examples of humorous insolence, that the public mind is
unprepared to hope for a satisfactory outcome to the investigation.
The present administration has but a couple of months more in which to
make its denunciations against the Standard Oil effective, after years
of apparently righteous wrath and no one is greatly to be blamed for
adopting a cynical attitude as to the expected result.
* * * * *
It _has_ been a bad year, this closing 1908, for the Tobacco folk. The
victory of the tobacco growers of the Burley district of Kentucky early
in December over the American Tobacco Company proves what a determined
stand may accomplish on the part of the producer, without entering the
Courts at all. It is safe to say that this Christmas will have been one
of the happiest ever spent by the farmers of Kentucky, among whom some
$20,000,000 will be circulating for tobacco grown and held over, some
of it, for nearly two years. It will make for a peace and good-will in
very truth, for the “night-riding” is considered at an end.
* * * * *
Capitulation to the tobacco growers of a limited section, however,
is the least of the American Tobacco Company’s troubles just now,
it having been declared, in suit brought by the government for its
dissolution, to be a “combination in restraint of trade” which is
amenable to the provisions of the Sherman Act of July 2, 1890. Appeal
from this decision is being taken to the Supreme Court and upon the
result of this “last resort” will hinge all that is vital in reference
to the ability of the government to control the various kinds of
industrial combinations engaged in inter-state traffic.
Public-domain text, read in full here on John Shaqi.
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