The farmers' union. (Memphis, Mo.) 1891-1895, 1894-10-11

ton like the last the wealth of the
country will soon be consolidated in
the hands Of :: eev corporations and
individuals to as great an extent as
| the landed estates of Great Britain
and Ireland today. [Great applau-
Sc.
THE REMEDY STATED
! Now what was the remedy? As
regarded corporations it was simple.
They derived all their authority from
the Legislature 1t is competent
for the Legislature to say that cert
ain number of the directors should be
chosen by the employees (applause),
and that from the proceeds should
first be paid Il fixed compensation for
the laborer, (ApplauseD The Judge
in charge of the Santa Fc Road had
had acted on this in ordering the re-
ceivcr to pay to the employees wheth
er there were earnings or not; the
amount should be borrowed if need
be. Let not interest he paid on wat
cred stock, and let the balance be
divided on some equitable principle
between the stockholders and the
employees. Great applausc)
The Legislatures power was supre-
me. The doctrine has been changed
that corporate rights were given once
for all The new doctrine acted on
was that corporations were amenable
to law however, more evil came
from this general system than from
.he special charter system, Myriads
OF corporations had sprung up, the
individuals being irresponsible for
debts. The remedy was to hold the
corporation libelc to be regulated at
at any time by the legislature which
created it. Why should the privilege
of transmitting property to chillern
be unregulated? Let only certain
modest sum 90 to them and the rest
to the "ublic. lShrieks. The law
now provided for the escleat of
persons who died without heirs; the
principle might be extended, especial
ly in the case of land estates, which
10y nature belongs to all. CApplau,
Sc. Amounts enough to make the
heirs of millionaircs comfortable-say
81 900 900 might be transmitted as
now, but the bulk of vast estate might
revert to all. If it s,ould be said that
this change would lesson industry,
he replied that the most industrious
man seldom earned morally over ST.
100000, lGreat applause This
change would stop stock jobbing and
other trickery, on which arouse so
many huge fortunes. America had
abolished primogeniture and the time
would come when future generations
woald look back with amazcment at
the permission extended to any man
to bcstow at pleasure over million
dollars; an amazement as great as now
filled Us at the recollection of the
primoyeniture laws of European au-
cestors These things were the result
of centuries of injustice. Would the
money power, now so potent in State
and Nation, suffer such revolution?
Certainly it was in the interest of the
heirs. Ayoung man nheriting $lOO.-
900 was better Oft than one inheritino
millions. \ young lady with the heir
loom assuring comfort was better of
than the heiress Of millions who
should become the prey of an adventu
rer Or purchase Herewith the title of
some worn-out scion of nobility
| lCheers.l
| Having spoken of silver he said a
few words on the encroachments ot
the Federal Judges on the rights of
the people. [Cries CT Hit en- hard.'
and cheering, and handclappng last.
ing two minutes.l
These Judges had assumed TO pass
on what were their own powers: tha,
was nothing less than the very essence
OF despotism. Great shouts and
long continued applause Let Con
grcss at its next session put an e.Fec
tive check on the assumed power OF
these courts TO take possession Of raj,