The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-09-04

4
..rs More Corporations Than Amy
other building in the World.
Jersey city, Sept. 2.-Next time you go
20 Jersey City by way of the Cortlandt
strfst ferry look sharply about you when
-, fine boat and see if you cannot descry
e,,na man with a thin, fiat book, suggest
a.. If stocks and bonds and that sort of
thing under his arm.
If Won do see such a man the chances
ara mat his destination is a rather mod
&c, three-story brick building at Greene
or3 Grand streets, with the entrance on
the Greene street side. This building,
which is only four blocks form the ferry,
nossesses the distinction of showing the
signs of a larger number of business cor
noratfons than any other building in the
known world. They represent trolley com
nantes in Brooklyn, mining companies on
thA Pacific slope, manufacturing compa-
mics in the middle West, real estate as
sociations in the South navigation lines
On some of the inland rivers ore COM
NAMES in the iron regions, publishing com
panies. mortgage companies steel com
NAMES, clock ompanies-companies in
fact. organized for nearly every sort of
Industrial effort conceived by the mind of
man.
Nearly all these signs are small and Of
Uniform size, say eighteen inches long by
two inches WIDE their lettering is modest
and there are so many-hundreds and
hundreds of them-in ruth, thar despite
.i,.. al thew good
part of the Greene street wall being
neatly arranged in several rows on each
side of the entrance. The exact number is
unknown to The writer Months ago there
were ~ but there have been many add
tons since then, and one day last week
The skeleton of a new row was put IN
place From this it may be inferred thai
more are TO be put up as soon as the sign
painter can get himself together.
There is one sign on the modest brick
building however, that is much larger
than any of the others-larger, in fact,
than a full hundred of The staple stock TO
be seen on both sides of the entrance. The
lettering on this sign is written so large
that it can be read a good two blocks
away, and to the initiated the wording
furnishes the key to The presence of all
the other signs 1t reads
ACKNOWLEDGEMENTS.
CORPORATION TRUST COMPANY.
OF NEW JERSEY.
OBSERVATION-DISCLOSURES. .........s...
The men who conceived the idea 10
which this Inscription is an index are
possessed of large heads, wherein The gray
matter is properly disposed and furnished
with all the convoiutions necessary to the
perception Of right good thing and the
immediate embracing Of the same
Exactly when these men perceived the
good thing they are now taking advant-
age Of has not been made known. 1t was
probably soon after the passage of New
Jerseys present law regarding corpora
tons, though 1t may have been anterior
thereto At all events they never could
have organized the Corporation Trust
Company of New Jersey unless the cor
pOraton law of the state had been Writ
ually what 1t now is and under precisely
such conditions of corporation law, also
as exist in other states than Jersey, par
uculariy New York.
Here is the situation in a nutshell: II
some states, notably New York, the true
home of nearly all Americas great cor
porauons, existence is made as unpleasant
as possible for all such business organiza-
tons. This is accomplished chiefly by The
laying of as heavy taxes as the traffic viii
bear. In some degree this heavy taxation
is the result of the popular sentiment
against trusts and corporations, and il
some degree by the desire of the state
authorities TO get as much annual income
out OF them as possible The propriety
Of this attitude toward industrial an,
other business corporations is not a fl
subject for discussion here, but il is prop
er to explain that the good thing of tn,
corporation Trust Company is due chiefly
thereto.
This comes about through the sapiencl
Of The Mosquito States law makers. They
nave placed corporation measure oil
their statute books that is as liberia
IN It's way as the New York law is strict
here, the tax regulations are intricate al
Wei as rigorousi there, they are boil
simple and ienient. Here, the percentage
are nigh and largely based on the profits
SO 1t Is a matter of almost the h,ghe
mathematics to figure out how much
corporation shall pay into The treasury o
me state, whbe an error, no matter how
hnoeently committed, is punishable b.
heaVy line. There, the taxation is invari
dDly one-tenth of one per cent, on the cap
Nduzauon alone, The regulations being thu
QUiutessence of directness and lucidity
ana as the corporations of any state cal
10 business in any other state, man!
when would otherwise be organized un
u'I New Yorks state laws are actual.
oisanlzed under those of New Jersey.
VI course this Is a good thing for III
.sApayers of New Jersey, as well as 70
We corporation Trust Company whethe
II Is good for New York taxpayers or not
1t takes many sound New York dola
across the river and into the state treas
uy at Trenton, not only in the form o
annual taxes, but In fees of incorpora
Ioh etc, the total aggregating literal.
hundreds of thousands of dollars ever,
year and going a long way toward light
Tn'ng the states running expenses Will
jerseys taxation is decreased just s.
ne profits of the New Jersey Corpora
e-oh trust Company must reach a It'd,
sulh every year. The clause which make
we company possibility provides tina
every Jersey corporation must have al
oHdce in the state, must indicate the loca
pou OF that Office by a sign, and mus
ng!a It's elections and directors meeting
"''hih the boundaries of the state. som