The Butler weekly times. (Butler, Mo.) 1881-1918, 1899-09-28
IN NO UNCERTAIN TONE.
Anti Trust Conference PrOnOunces
Against Combines and Trusts.
ADOPT FoRcEFUL RESOLUTIONS.


conference, ST. Louis:
First.-The enactment and enforce
ment both by the several states snd
the nation of legislation that shall
adequately and fully define as crime
any attempted monopolization or re
straint of trade of any line OF indus
trial activity, with provisions for ad
equate punishment, both of the indi-
vidual, or the corporation, that shall
be found guilty thereof; punishment
to the corporation to extent of its
dissolution.
Second The enactment by each OF
the states in the union OF Legislation
for the adequate control and reguia
ton of corporations, chartered by
the state, and we recommend as ef
ficacious a system of reports to, and
examination by state authority of
the corporations organized under it's
laws, to the end that they be brought
to fair observance of the laws I'm
der which they are created
Third.-The enactment by each
state of laws that will prevent the
entrance of any foreign corporation
into it's limits for any other purpose
than interstate com nerce, except on
terms that will pu. the foreign ere
ated corporation on basis of equal
ity with the domestic created cor
poration of the state entered, and
subject to the same laws, rules aud
regulations of the state that it en-
ters which are applicable to the do
mesiic corporations of the state, and
to this end we recommend legisla
ton that would make it mandatory
upon corporations seeking to engage
in business outside the state OF their
creation that they procure licenses
from the foreign state as a condition
precedent to their entry into such
state; such license TO be granted on
such terms and subject to such re-
strictions as will place the corpora
ton subject to the same control, in
spectioD, supervision and regulation
as the domestic corporation of that
state, and subject to be revocable if
the conditions there are violated
Fourth.-The enactment of state
legislation, declaring that corpora
ton created 10 one state to do bust
ness exclusively in other states than
where created, shall be prohibited
from admission into any state.
This proposition is supported by
decisions of the supreme courts of
several states, but we believe it
should become legislative enactment,
uniform throughout the states
Fifth-That no corporation should
be formed in whole sr in part by
another corporation own or hold any
stock in another corporation engag
ed in a similar or competitive bust
ness, and that no officer or direct or
of corporation shall be the eff ser
or director or the owner of stock IN
another corporation engaged in a
similar or competitive business, the
objsct or result of which is to create
a trust or monopoly.
Seventh. -Reoognizing that trusts
are usually composed of corpora
tions are bat creatures of the law,
and can only exist in the place of
their Creation, and can not migrate
to another sovereignty without the
consent of that sovereignty and that
the consent may be WITHHELD when
desired, we recommend as the sense
of this conference that each state
pass laws providing that no corpora
ton which is q member OF any pool
or trust in that state or elsewhere |
can do business in that state.
Resolved, That it is the sense of |
this conference that all the capital
stock of private corporations should
be fully paid, either first, in lawful
money. or, second, IN property of
the actual cash value Of the amount
of the capital stock; and that in all
private corporations with capital
stock issued in excess of the amount
actually paid up as above provided,
the shareholders shall be Fable to