Show POSITIVE ACTION the california state board of trado has adopted the following preamble and resolution in opposition to conter rang atie power of rate making on the interstate commerce commission the california stats board of trade hereby expresses its unqualified opposition to ohp policy of conferring upon the interstate commerce commission the powe to regulate aratea of transportation por tation upon interstate commerce parried by the railroads of the united states the conferring of such power would in the opinion of this body convert the interstate commerce into a board ot managers tor all the railroads carrying interstate traffic a policy which would be the equivalent of a merger of such railroads and the 0 every element ot competition it would contravene the national policy in what is known as the antitrust anti trust law the provisions of which were so successfully invoked in resisting the merger ot the northern pacific and the great northern railroads it would vest the interstate commerce commission with the power to regulate the earning capacity of the 1 invested in the railroads of the country and by thus constituting that commission a potent factor in the transportation business of the country would confer upon the railroads th moral right to enter the arena of politics in their corporate capacity aa a measure of defense against the arbitrary and exercise of this power it would engender at once sectional strife between the different of the country as to the measure of protection which this power of regulation might be invoked to confer upon the various section sa contest in which the newer and more sparsely settled regions of the united states suffer by reason of the aver easterlng political power of the populous centers and from this source ot bangey the products of california are specialty menaced |