Page:Walter Renton Ingalls - Current Economic Affairs (1924).pdf/155

Rh The Trade Commission law contains elements of a character most destructive to the business of this country. The Clayton law is clearly an economic restriction of the first order. The Sherman law aims to preserve competition by forbidding collusion among the managements of business for the regulation of production and prices. The Clayton law specifically exempts labor unions from that prohibition. It is open therefore to the labor unions to acquire full control of the labor in an industry and dictate its terms to the peril of all the people, as has happened in the anthracite coal mining industry.