John D. Rockefeller：Random Reminiscences of Men and Events, Excerpt 62

In the hearing of the Industrial Commission in 1899, I then said that if I were to suggest any legislation regarding industrial combinations it would be: First, Federal legislation under which corporations may be created and regulated, if that be possible. Second, in lieu thereof, state legislation as nearly uniform as possible, encouraging combinations of persons and capital for the purpose of carrying on industries, but permitting state supervision, not of a character to hamper industries, but sufficient to prevent frauds upon the public. I still feel as I did in 1899.

Source： https://www.gutenberg.org/ebooks/17090
Locator：Chapter III, excerpt 62 · Verified：2026-10-19 · Verification：Short excerpt

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