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18 Pol. Sci. Q. 1 (1903)

handle is hein.journals/pclscceqry18 and id is 1 raw text is: Volume X VIII.] POLITICAL SCIENCE QUARTERLY. FEDERAL CONTROL OF TRUSTS.' RISING prices of many necessaries of life are stimulating a popular demand for federal control of industrial trusts. The pressure of state laws has induced trusts to make a similar demand. Many persons who advocate federal control of trusts believe that the power of these organizations to limit produc- tion and raise prices may be thereby destroyed. Trust advo- cates, on the other hand, see in national incorporation laws a means of escape from state regulation. It is the purpose here to inquire how far the desires of either the trusts or the public can be met, if Congress is induced to act. Industrial trusts in their present form are simply great cor- porations, each chartered by a single state, owning land and factories in many states and marketing its products in all the states. The operations of a trust may be divided broadly into two classes,-production or manufacturing and interstate com- merce. Between these two classes of operations is the divid- ing line that separates the field of state regulation from that in which federal authority is well-nigh exclusive. The states may tax, regulate or prohibit the manufacturing operations of foreign corporations within their respective limits, but over interstate commerce the control of Congress is exclusive. On this condition of facts two questions are presented: first, Has Congress power to prevent the limited production and monopoly prices fixed by trusts ? second, Can Congress 1 Copyright, 1903, by Alton D. Adams. March, 1903. [ Number i.

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