The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-22

Be Regarded From IA Partisan
Standpoint-Govs. Sayers and Ste
phens Defended Against the At
tack of Gov. Shaw, of Iowa.
ST LOUIS, Mo, Sept. A.-After two
days of speechmaking the governors, at
torney generals and other state repre-
sentatives who have been holding a con-
ference here, on the invitation OF Gov.
Savers, of Texas, adopted resolutions
outlining the legislation needed to control
the so-caued trusts and combines and ad-
1ourned sine die.
The recommendations embodied were
agreed TO after a long session of the COM
mittee on resolutions. So widely diver
gent were the views presented for It's con-
sideration that it was after midnight
when the committee was able to arrive at
any conclusion. The whole matter was
then referred to a subcommittee com
posed of Gov. McMillin, of Tennessee, and
Attorney Generals Smith, of Texas, and
Campbell, of Colorado, to put into proper
shape.
The conference was to have met at
o'clock, but it was noon before it got
down to business as the committee on
resolutions was not ready to report until
then. The delayed regrets of the attorney
general of Ohio were then read, and then
Gov. McMillin, chairman Of the commit
tee on resolutions presented the report
OF that committee.
ANTITRUST PLATFORM.
The committee on resolutions, to which
were referred several resolutions and pa
pers, in lieu OF all of them submit the fol-
lowing, with the recommendation that il
be adopted by this conference:
That We believe the best present avail
able remedies lie along the following
tirst-The enactment and enforcement
both by the several states and the nation
OF legislation that shall adequately and
1ulIy denne as crimes any attempted mo-
nOpOliZa ion or restraint of trade in any
line OF Industrial activity, with proVis-
IONS Tor adequate punishment, both of the
individual or the corporation that shall
De found guilty thereon, punishment to
me corporation 10 the extent of its disso-
luton
Second-The enactment by each of the
states or the union OF legislation for the
adequate and proper control and regula-
tion Of corporations, chartered by tha t
safe, and We recommend as efficacious a
system of reports to and examination by
state authority OF the corporations organ
lied under its laws to the end that they
be brought to fair observance of the
laws under which they are created.
Third-The enactment by each state OF
laws that will prevent the entrance of
any foreign chartered corporation into its
limits for any her purpose than inter-
state commerce, except on terms that
will put the fOreig n-created corpora ton
on a basis of equality with the domestic
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 cor
poratlons OF mat state and to this end
we recommend legislation that would
make 1t mandatory upon corporations
seeking to engage in business outside the
state of their creation that they procure
licenses from the foreign state, as a CON
diuOn precedent to their entry into such a
sta e; such license to be granted on such
terms and subject to such restrictions as
Will place the corporation subject to the
same control, inspection. supervision and
regulation as the domestic corpora ions of
that state. and subject to be revocable if
the conditions thereof are violated
tOurth-The enactment of state legis-
iatl"n declaring that corporations created
in one state to do business exclusively in
other states than where created shall be
ph0hibited from admission into state
This proposition is supported by de-
cislOnS of the supreme courts OF several
states, but we believe ii should become
by legislative enactment uniform
throughout the state.
tIfth-That no corporations should be
FORMED In whole or in part by any in
corporation.
SIXth-That no corporation shall own or
hold any stock IN another corporation en-
gagged in a similar or competitive busi-
ness, and that no officer director of a
corporation shall be the officer or d.
rector Of corporation or shall be tie
owner OF stock IN another corporation en-
gagged IN a similar or competitive bust
ness, the object or result of which is to
create q trust or monopoly
notwithstanding that trusts are
usually composed of corporations ard
that corporations are but creatures of
the law and can only exist in the place
OF their creation and cannot migrate 10
another sovereignty without the consent
OF that sovereignty, and that this con-
sent may be withheld when desired. We
recommend as the sense of this con-
ference that each state pass laws, pro-
viding that no corporation which is a
member Of any pool or trust in thai
state or elsewhere can dc business in
that state
Resolved, That it is the sense of this
conference that all the capital stock Of
private corporations should be fu ly pa d,
either, first, in Iawful money. or, sec-
ond, in property Of the actual cash va ue
Of the amount. of the capital stock, and
that in all private corporations with a
capital stock issued in excess OF tn
amount actually paid up as above pro-
yiied, the shareholders shall be liabl
To the extent o. twice the face value of
the stock held by each
In presenting the report of the commit
tee on resolutions Gov. McMillin said he
was aware of the fact that the trusts an6
combinations In restraint of trade are II
a degree dependable upon federal, state
or municipal governments for their con.
tinuance. He believed it was incumben
upon the national, state and municipa
governments to restrain the operations Of
these trusts and corporations.
ALL IN FAIRNESS.
The situation and perhaps the effort.
of the conference are misunderstood,
the speaker continued. 1T is not the OBJ
ject of this conference to crush corpo
rations nor to interfere with capital II
any legitimate form. The object of these
resolutions is not to crush either corpo
rations or to destroy capital, but to reg.
ulate them so as to meet the fair de-
mands Of all the people. This is the pur.
pose and this is the object we hope t
accomplish. The organizations of trust:
and combines within the last two years I:
the occasion and authority for our pres
ence here. We are seeking to ascertain
a proper power for the curtailment o.
what is apparently a menacing evil, ant
the accomplishment Of this object can bt
effected through the independent actor
of the citizen. We have the best lane
in the history Of man. We furnish tn,
world with 81 per cent Of the manufac
tured articles of the world and 80 per cen
of all the banking. In the matter of ag