in our history is the Inter-state Commerce Law: and, as it was not permitted to argue against it by predictions as to its effect, it is the more important to follow its workings closely.
Twenty-five years ago it would have been impossible to pass such a law. Part of the people would have said at once that it was unconstitutional, and these would have brought at once the sound instincts of their political sense to bear upon it. The real argument against it is now just what it always was and always will be: not that it produces one or another specific evil effect, but that it is opposed to the spirit of our institutions, wrong in principle, and sure to produce evil effects whether the specific evils could be predicted or not.
At present different interests are anxiously watching its workings to see whether they are to gain by it or not. They propose to take sides on it accordingly. But this means only that it will necessarily favor some interests at the expense of others, from which it follows that it must impair the prosperity and welfare of the commonwealth as a whole.
It is said of the law that it has come to stay, and that we shall never go back to the old state of things. It is to be feared that this is true; it is one of the worst facts in the case. When such a law has produced its effects, it has produced a distortion of the industrial system; but industry adjusts itself as soon as possible to new conditions of any kind. When the distortion is effected the chance of observing it has gone by. People get used to the new state of things; they suppose that it is the natural and only proper one. Reform or improvement is blocked by inertia, habit, and tradition; paper money and the tariff are already instances of this; this new law is making another.
