Henry W. Taft believes there is no adequate foundation for a statement made by Alton B. Parker that the common law can serve as a legal remedy against trusts and monopolies. Taft maintains that it is necessary for laws restricting monopolies to come from the federal level in order to appropriately apply criminal penalties and work at a national scale. Taft also quotes extensively from three letters by Thomas Jefferson to show that Jefferson, the founder of the Democratic party, opposed the common law being applied at a national scale.
Collection
Library of Congress Manuscript Division
Creation Date
1904-09-30