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A Supplement to A Compilation of the Messages and Papers of the Presidents by William McKinley
page 93 of 545 (17%)
President Cleveland in his annual message of December 7, 1896--more than
six years subsequent to the enactment of this law--after stating the
evils of these trust combinations, says:

Though Congress has attempted to deal with this matter by legislation,
the laws passed for that purpose thus far have proved ineffective, not
because of any lack of disposition or attempt to enforce them, but
simply because the laws themselves as interpreted by the courts do not
reach the difficulty. If the insufficiencies of existing laws can be
remedied by further legislation, it should be done. The fact must be
recognized, however, that all Federal legislation on this subject may
fall short of its purpose because of inherent obstacles, and also
because of the complex character of our governmental system, which,
while making the Federal authority supreme within its sphere, has
carefully limited that sphere by metes and bounds which cannot be
transgressed. The decision of our highest court on this precise question
renders it quite doubtful whether the evils of trusts and monopolies can
be adequately treated through Federal action, unless they seek directly
and purposely to include in their objects transportation or intercourse
between States or between the United States and foreign countries.

It does not follow, however, that this is the limit of the remedy that
may be applied. Even though it may be found that Federal authority is
not broad enough to fully reach the case, there can be no doubt of the
power of the several States to act effectively in the premises, and
there should be no reason to doubt their willingness to judiciously
exercise such power.


The State legislation to which President Cleveland looked for relief
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