Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-09-22

SERIES OF RESOLUTIONS POINT
ING OUT METHODS FOR HANDL-
ING AND CONTROLLING THE
GROWING EVIL OF CORPORATE
POWER AND MONOPOLY.
STATES AND THE NATION
CALLED UPON TO LEGISLATE
UNIFORMLY.
ST. LOUIS, September 21.-The con-
ference of Governors and Attorneys
General, to discuss the trust question,
was late in assembling to-day. The
members of the committee on resolu-
tons toiled until after midnight try
ing to bring together the widely diverg-
ent views presented. When they i'm
ally came to conclusion the matter
was left in the hands of sub-com-
mittee composed of Gov. Benton McMil-
Ian, chairman, and Attorneys General
Smith and Campbell, to put into pro-
per shape. At the time set for re-
sumption of the session of the confer
ence the subcommittee was still at
work formulating the resolutions which
will be presented in the shape of re-
concentrations.
Shortly before 10 o'clock, when
Chairman Savers called the conference
together, there was very slim attend
ance of both delegates and visitors. He
announced that the committee on reso-
lutions would be ready to report at IL
o'clock, and the conference took a re-
cess until that time.
On reassembling, Mr.. Mcmillan pre-
sented the resolutions as adopted by
the committee on resolutions. The re-
solutions are as follows:
The committee on resolutions to
which was referred several resolutions
and papers, in lieu of all of them sub
mitted the following with the recon-
mendation that it be adopted by this
conference:
That we believe the best available
remedies lie along the following lines:
l. The enactment and enforcement,
both by the several states and the ma
ton, of legislation that shall adequate
" and fully define as crimes any at
tempted monopolization of restraint of
trade in any line of industrial activity,
with provisions for adequate punish
ment both of the individual or the cor
poraton, that shall be found guilty
thereof; punishment to the corporation
to extent of it's dissolution.
2-The enactment by each of the
States of the union of legislation for
the adequate and proper control ana
regulation of corporations chartered by
that State, and we recommend as effica-
cious a system of reports to, and legis-
lation by State authority of the corpor-
atoms organized under its laws, to the
end that they be brought to fair OBJ
servance of the laws under which they
are created.
3-The enactment by each State Of
laws that will prevent the entrance of
any foreign created corporation into ia
limits for any other purpose than inter-
State commerce, except on terms that
will put the foreign created corpora
ton ON a basis of equality with the do
nestle created corporation of the State
entered, and subject to the same laws,
rules and regulations of the State that
it enters, which are applicable to the
domestic corporations of that State,
and to this end we recommend legisla-
ton that would make it mandatory up
on corporations seeking to engage in
business outside the State of their crea>
ton that they procure licenses from the.
foreign State as a condition ~recedent
to their entry into such State, such Ii
cense to be granted on such terms and
subject to such restrictions as will place
the corporation subject TO the same con-
troll, inspection, supervision and regu-
lation as the domestic corporation of
that State, and subject to be revocable
if the conditions thereof are violated.
4-The enactment of State legislation
declaring that a corporation created in
one State to do business 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 or
several States, but we believe tt should
become legislative enactment, uniform
throughout the States.
5-That no corporation should be
formed in whole or in part by any 9TH
er corporation.
6-That no corporation shall own or
hold any stock in another corporation
engaged in a similar or competitive
business and that no officer or director
Of a corporation shall be the officer or
director or the owner of stock in an
other corporation engaged in a similar
or competitive business. the object or
result of which is to create a trust or
monopoly.
Recognizes that trusts are usually
composed of corporations and that cor
porations are but creatures Of the law
and can only exist in the place OF their
creation and cannot migrate to another
like sovereignty without the consent OF
that sovereignty, and this consent may
be withheld when desired: we recon-
mend as the sense Of this conference
that each State pass laws. providing
that no corporation which is a member
of any pool or trust in that State or
elsewhere can do business In that
State
Resolved. That 1t Is the sense Of