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persons to outweigh possible advantages. In any case it seems reasonably clear that, whatever action may sometime be found desirable to suit the anti-trust laws more satisfactorily to the needs of business, ample provision must be made for the peculiar requirements of different industries. As Walton Hamilton recently observed,
  "The simple uniformity of the older acts may have to give way to an accommodation of public oversight to the varying needs of different trades."13
  This accommodation of public oversight to the needs of air transport is provided for in the Civil Aeronautics Act. Whether the method applied in this case would be appropriate in any other, we can hardly say, and the question is, in any event, academic. The important point for our consideration is that a vital part of this industry, in which we are all so deeply concerned, is offered a way to be relieved of some of the uncertainties and complexities which have created so many baffling issues in other instances.
  It is too early for us to predict what the results of this privilege will be. It is, however, altogether possible that it may forestall the future accretion of complicated legislative measures regulating the air transport industry. Indeed it may obviate any need for the Authority to exercise some of the powers granted it in the present Act. There is never reason for legislative or administrative regulation if problems can be satisfactorily dealt with in some other way. And if the air transport industry can use its privilege to enter into agreements, and to provide its own enforcement procedures for the maintenance of those agreements, so as to prevent abuses and maladjustments, the task of government will be enormously eased. Whether this will happen depends, of course, upon the willingness of the Authority to give the industry an opportunity to perform the task, and upon the intelligence and foresight of the industry is availing itself of the opportunity.
  The test, therefore, is ahead of us. It is a test of statesmanship of a new order in a new field. Upon the outcome of the test rests the future of air transport. If government and the industry fail, the clinging fog of multiplying regulations obscures our course. If they succeed, a clear skyway opens before us.
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13"The Problem of Anti-Trust Reform," 32 Columbia Law Rev., 173, 177 (1932).

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