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Updated: June 9, 2025
There has never been, for instance, any anti-trust law in Massachusetts or in Pennsylvania, or for a long time in New York, for the first statute of that State against trusts was made intentionally futile by being applied only to a trust which secured a complete i.e., one hundred per cent. monopoly of its trade.
But it did provide authority for three primary agencies of control: First, the licensing of all food manufacturers, jobbers, and wholesalers, and of retailers doing business of more than $100,000 annually, with the prescription of regulations which the licensees should observe; second, the purchase and sale of foodstuffs by the Government; and, third, the legal entering into agreements with food producers, manufacturers or distributors, which if made only between the members of these groups themselves would have been violations of the anti-trust laws.
The jurisdiction of the General Government over interstate commerce has led to the passage of the so-called "Sherman Anti-trust Law" and the "Interstate Commerce Law" and its amendments. The developments in the operation of those laws, as shown by indictments, trials, judicial decisions, and other sources of information, call for a discussion and some suggestions as to amendments.
I will not tell you exactly what is written upon it, but it contains a proposal with reference to raising a certain sum of money, to remove from office certain prominent politicians who are supporting this Anti-Trust Bill. Our names are all there, Bardsley's, Weiss', Seth Higgins', and my own. Your father's should have been there, but I believe he was too clever for us."
He accomplished more in that term than any of his predecessors; more laws were enacted, laws of more general benefit to the people; but above all, his Administration enforced all laws on the statute books as they had never been enforced before. The Sherman Anti-Trust Law was a dead letter until Mr. Roosevelt instructed the Attorney-General to prosecute its violators, both great and small.
For instance, the Anti-Trust Bill that is coming before the House in a few weeks. They ought to have said some interesting things about that." Virginia moved calmly across the room, and before the young man had perceived her intention she had rung the bell. "I think," she said, "that you are a very impertinent person. Please go away at once."
The Federal authorities, finally, are responsible for the Sherman Anti-Trust Law, whose existence on the statute books is a fatal bar to the treatment of the problem of corporate aggrandizement from the standpoint of genuinely national policy.
It seems possible to bring about these reorganizations without general business disturbance. But now that the anti-trust act is seen to be effective for the accomplishment of the purpose of its enactment, we are met by a cry from many different quarters for its repeal.
Up to two or three years ago one might have said that not a single case had been decided in the courts of any State or of the Federal government against trusts or combinations, which might not have been decided the same way under common-law principles had there been no anti-trust legislation whatever.
As a consequence, we now find that to a greater extent than ever before, whole industries are dominated by one or a few large organizations which can restrict production in the interest of higher profits and thus reduce employment and purchasing power. In an effort to assure full opportunity and free competition to business we will vigorously enforce the anti-trust laws.
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