The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1883-12-08
COLUMBUS.


Secretary of State.
COLUMBUS, December O. iecretary of
State Newman to-day submitted his an
nual report to the Governor. Eight
hundred and sixty articles of incOTpOra-
tiOn were filed during the year, the COM
panies and associations filing them be-
ing thus classified: banks, savings,
and loan companies, IL; building and
loan associations, 81; cemetery assOcia-
tiOns, 10; churches, Al; cooperative as
sOciatiOns, 8; colleges and literary sOci-
eties, 20; construction companies, D;
electric light companies, Is; fire and
life insurance companies, 3; gas-light
companies, 3; manufacturing cOmpan-
les, 253; mining companies, 30; mutual
aid companies, II; printing and pub
fishing companies, 26; railroad com
panies, 3t; telephone and telegraph com
panies, .; societies and benevolent as
sOciatiOns, l49; various other purposes,
127;. The total capital stock represent
ed is Sl63 O29, $40, while six companies
consolidated with capital stock
of $46OOO,OOO, making the to-
tai amount of capital stock for
the fiscal year S2O9, ,629,549. Seventy
four companies increased their capital
stock 1924, ,2S9,O00, and ten decreased
S755, ,450. Those filing certificates that
10 per cent. of their capital stock had
Detn Ddlu uuLuDtI OUO, anu CtILAuCdlth
of miscellaneous changes are 81.
large increase of business, requiT-
ing much clerical work, is mentioned, =,
and the fact that much of the manufac-
turing and producing interests of the
State is being merged into corporate
companies is noted, thereby showing a
drifting of active industries and capital
into the control of corporations. In a
corresponding degree private companys,
personal responsibility, and individual
effort are being absorbed and disappear
ing from the sphere of active pursuits.
The industries of Ohio to-day, says the
report, are guided and controlled, not
by the citizen in his private capacity,
but by the directors and stockholders of
incorporated companies. As an evidence
of this, the report goes on to say there
are 1857 incorporated companies in
Ohio. with a capital stock of S2,2Ol, ,239,-
065, of which considerable number are
not in active operation, many never
having been fully organized. There are
recognized evils and no little incOnven-
fence resulting from the case, rapidity,
and cheapness with which, under the
present laws, persons can become in
cOrpOrated.
In few hours time and flor mere
pittance, five persons may form a cor
pOratiOn, some doing so for merely
speculative purposes, and having no
capital. Owing to the fact that
so many of these do not perfect their
organization, the books OF the office are
numbered with worthless writing. To
remedy this evil, increase i'll fees for re-
cOTding is suggested, as in many cases
they are now inadequate for the labor
required. As all fees in excess of $1,000
are paid into the treasury, an increase
would be beneficial to the state revenue
and probably prevent ''stTaw" cOmpan-
les. In view of this, Secretary Newman
suggests the following fees: For cap
ital stock of 5000, So; $4,000, SO; S25-
600. $15; $4,000, $25 100000, $35; $500.
900, $50; 100000, SIS; over S1,0OO,OOO,
800. The records of Incorporation since
1851 fill % volumes, without any sys-
tematized index. During the past year
twelve villages have been incorporated,
and additional territory added to eleven
others. The sum of $1,000 has been
turned into the treasury from the sale
of copies of the Revised Statutes and an
nuals.
With regard to distributing the Ohio
state reports. Secretary Newman says
he has not done so, for the reason that
the demands would break sets, which
he thinks it would be better to keep for
future years. The number of volumes
of Supreme Court reports on hand are
widely varied, running from twenty
one to three hundred and eighty-nine,
through nineteen volumes.
OF the election statistics, Mr.. New
man says he is confident they will be
found complete and accurate. In view
of the Presidential contest the coming
year, when not only the public, but es-
pecially political statisticians, will de-
sire complete tables for reference, the
vote by townships for the four preced-
ing years is tabulated, this being one
year more than has heretofore been CIV
en- in these reports. This is done in or
der to include the vote of 1880, which,
with the succeeding years, gives ample
figures upon which to estimate. The
Presidential vote by counties for 1872,
1876 and 1880 Ia also, for similar rea-
sOns, given in this department.
The fees received by the Secretary
during the year were 81, $1,000, and from
November Is, 1882, to Jan. 8, 1888, by
Secretary Townsend. $342,90, which is
included in the above sum, of which ST.
266, 10 has been turned into the treasury.