SHERIDAN SHERMAN ANTI-TRUST ACT
very bitter weather during which we had been out had
not lessened the difficulty of the work, though in the
cold it was much less exhausting than it would have
been to have hunted across the same ground in summer.
No other kind of hunting does as much to bring out the
good qualities, both moral and physical, of the
sportsmen who follow it. If a man keeps at it, it is
bound to make him both hardy and resolute; to
strengthen his muscles and fill out his lungs. (1885.)
Mem. Ed. I, 220; Nat. Ed. I, 183.
SHERIDAN, PHILIP H. His name will always stand
high on the list of American worthies. Not only was he
a great general, but he showed his greatness with that
touch of originality which we call genius. Indeed this
quality of brilliance has been in one sense a
disadvantage to his reputation, for it has tended to
overshadow his solid ability. We tend to think of him
only as the dashing cavalry leader, whereas he was in
reality not only that, but also a great commander. Of
course, the fact in his career most readily recognized
was his mastery in the necessarily modern art of
handling masses of modern cavalry so as to give them
the fullest possible effect, not only in the ordinary
operations of cavalry which precede and follow a battle,
but in the battle itself. But in addition he showed in the
Civil War that he was a first-class army commander,
both as a subordinate of Grant and when in independent
command. . . . After the close of the great war, in a field
where there was scant glory to be won by the general-
in-chief, he rented a signal service which has gone
almost unnoticed; for in the tedious weary Indian wars
on the great plains it was he who developed in
thoroughgoing fashion, the system of campaigning in
winter, which, at the cost of bitter hardship and peril,
finally broke down the banded strength of those
formidable warriors, the horse Indians. (At unveiling of
monument to Gen. Sheridan, Washington, D. C.,
November 25, 1908.) Mem. Ed. XII, 476-477; Nat. Ed.
XI, 220-221.
SHERMAN ANTI-TRUST ACT — AMENDMENT
OF. The antitrust law should not be repealed; but it
should be made both more efficient and more in
harmony with actual conditions. It should be so
amended as to forbid only the kind of combination
which does harm to the general public, such
amendment to be accompanied by, or to be an incident
of, a grant of supervisory power to the Government
over these big concerns engaged in interstate commerce
business. This should be accompanied by provision for
the compulsory publication of accounts and the
subjection of books and papers to the inspection of
Government officials. (Seventh Annual Message,
Washington, December 3, 1907.) Mem. Ed. XVII, 493;
Nat. Ed. XV. 420.
____________. The attempt in this law to provide in
sweeping terms against all combinations of whatever
character, if technically in restraint of trade as such
restraint has been defined by the courts, must
necessarily be either futile or mischievous, and
sometimes both. The present law makes some
combinations illegal, although they may be useful to the
country. On the other hand, as to some huge
combinations which are both noxious and illegal, even
if the action undertaken against them under the law by
the Government is successful, the result may be to work
but a minimum benefit to the public. Even though the
combination be broken up and a small measure of
reform thereby produced, the real good aimed at can not
be obtained, for such real good can come only by a
thorough and continuing supervision over the acts of
the combination in all its parts, so as to prevent stock
watering, improper forms of competition, and, in short,
wrong-doing generally. The law should correct that
portion of the Sherman act which prohibits all
combinations of the character above described, whether
they be reasonable or unreasonable; but this should be
done only as part of a general scheme to provide for
this effective and thorough-going supervision by the
National Government of all the operations of the big
interstate business concerns. (Message to Congress,
January 31, 1908.) Presidential Addresses and State
Papers VII, 1607-1608.
____________. I am advocating . . . amendments to the
antitrust and interstate commerce laws in order to make
legal proper combinations. But the very corporations
that have been loudly insisting that those laws are bad,
take not the slightest interest in their amendment. They
do not want them changed and they do not care to have
them removed from the statute-books, but they expect
to have them administered crookedly. Of course, as far
as I am concerned such expectation is vain. (To Colonel
Henry L. Higginson, February 19, 1908.) Mem. Ed.
XXIV, 96; Bishop II, 83.
____________. Merely to repeal the Sherman Law
without putting anything in its place would do harm. It
should at once be amended or superseded by a law
which would in some shape permit and require the
issuing of li-
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