Show lAW TO GOVERN TRUSTS I President of American AntiTrust Anti-Trust League Is Heard CRITICISES THE PRESIDENT Objects to the Recommendations Stade by Roosevelt for a National Act to Regulate Trade Combinations Combina-tions Contends Thjre Is No Necessity Neces-sity for Any Further Legislation on the Subject That Rigid Enforcement En-forcement Sherman AntiTrust Law Would Suppress Hurtful Combines Terry Tex Dec 25r Jj Lockwood of Zcllcnoplc Pn president of the American Antitrust league bus given out a statement state-ment in which ho criticises at length tho recommendations made by President Roosevelt for a national law to govern trade combinations Mr Lockwood contends con-tends that there is no necessity fqr any further legislation on tho subject that tho rigid enforcement of tho Sherman niltrust Jaw would bo sufficient to cf factually suppress and restrain hurtful trado and Industrial combinations Ho then says DotS not every ono know that these Industrial combinations liaVo destroyed competition have created monopoly and arc now robbing tho American peoplo of hundreds of millions of dollar annually to pay dividends on billions wfUcied stock and that some of these dividends aro 18 per cent annually for water and all What moro publicity does howant1 WHAT lIE ALLEGES He alleges that tho foundation of all tho vont fortunes which have been built up in trado and manufacturing IH railroad re bates rind discriminations and refers to the closo of tho discussion Of 1 the nintler In thu mesoigo in widen Iho President rays that Congress can profit by limo cx nerloncy gained by tho passage of tho Interatnlo law Hr Lockwood says In iSiS the mile pendent ollproduccra of Pennsylvania begun be-gun iiyUiillon Xor tIme lassao of the inter stato commerce luw Vo hud III the lower hoiiHo of Congress John 11 Rigun of Texas For nearly eight years we clrcu lilted petitions Jlcacan flnnlly secured Its passage through the House hi such a form as to euro the evils of railway din crimination but It was crippled by tho fullom amendments In tho SenitV fo that twentyodd years afterward the cnnlrninn of tho Interstate Commerce commission testified that railway discrimination Is universal WHAT TRUSTS DESIRE Mr Lockwood alleges that trusts dcslro Just what Is recommended in tho message and that their attorneys advocated It before be-fore the civic federation conference Ho say sayWhy 15 It that these t attorneys wunt to transfer this question to the seat of the National Government Tae an wev Is that they want to got Just as far away from the people who nn being hurt as Is possible They know that tho atmosphere Is a great deal different on this question in the Capitol lobbies and in the hotel lobbies lob-bies of Washington than it Is in the States And It would not bo well for the President who Jias sworn to enforce the laws to have his AttorneyGeneral begin proceedings In earnest under the provisions I provi-sions of tho Sherman antitrust law against these trusts and monopolies and against the Illegal railway before be-fore ho asks for any further Federal legislation legis-lation on the subject HIS OPINION AIRED If he will see that tho laws aro faithfully faith-fully enforced against these trusts that have paralyzed all capital except that which Is willing to go into the conspiracy and will maintain equal rights to every American citizen over the highways of the land in thu transportation of their products ho will be surprised to see what a multitude of captains of industry will spring up ready lo give the consumers of America their necessities at competitive prices at 6 per cent profit upon tho actual capital Invested For I say to him that these captains of industry upon whom he relies dont own a monopoly of business bruins energy And producing force of this people Let him guarantee equal rights and equal opportunities and tho American people will take care of tho trado of the world Neither will they ask tho people at homo to pay ten limes the profits upon their necessities 1 at which they are willing I to sell the same goods in foreign countries coun-tries RECENT NEW YORK CONFERENCE Ho criticises the recent conference of labor and capital at New York and says Thoy have created a kind of supreme court and have made Senator Hanna tao Chief Justice thereof they have sot up a kind of government IpHluo of and Independent i Inde-pendent of the regular Government of 0 the people I |