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Show FEBERAL iPEIISI! 1M BE WELCOME Member of Morgan's Finn Says Great Corporations Have No Objection, v NEW YORK, Feb. S.Tliat managers manag-ers of the ;;iaut corporations would welcome wel-come supervision by tho federal government, gov-ernment, was tbo opinion expressed today to-day by Gcnrgo W. Perkins of the firm of .1. "P. Morgan & Co., in an address before the students of Columbia university. uni-versity. Mr. Perkins defended the bij corporation as a natural outgrowth of business conditions and declared that it ban accomplished great jood and is capable in its further development cf accomplishing much more. "There is scarcely a corporation managfr of today," said ho, "who would not 'welcome supervision could he but feci that it would come from tho national government, acting through an intelligent and fnir-mindod ofhYinl; but to be faced with tho rc-fuireinent rc-fuireinent lo report to and be supervised super-vised and regulated by forty or fifty governments, with varying ideas and laws, of course, suggests diflicultics that are almost insurmountable. National Na-tional supervision, under a law requiring requir-ing that those who supervise should he practical men thoroughly versed in their calling, would solve -most of our diflicultics. "Jt Is almost heresy to say that competition is no longer the lifo of trade, yet this has come to be the fact as applied lo the old unreasoning and unreasonable competition, becanse of the conditions of our day. The spirit of co-operation i$ upon 'us. It must of uecessity be the next great form of business development and progress." |