Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1899-09-22
THE TRUST CONFERENCE.
Hs.aiution. Adopted Asking the various
state. 60 F... stringent Laws.


Hs.siutiou. Adopted Asking the Various
state. 60 F... stringent Laws.
g Louis. Sept o. The conference
OF governors aud Attor ey generals 10
discuss the trust question. were late In
assembling today. Members OF the
committee on resolutions toiled until
after midnight trying TO bring together
the widely divergent views presented
When they finally came TO conclusion
the matter was left in the hands OF a /
subcommittee composed Of Governor !
Mcmillan and Attorney Generals smith ]
and Campbell to put in proper shape. |
At the time set for the resumption ot
the session the subcommittee was still
at work formulating resolutions which
will be- presented In the shape OF rec
concentrations
Shortly before 10 O'Clock Chairman
Sayers called the conference 70 order.
At II o'clock the committee on resolu'
tions asked for further time and TIE con-
ference took a recess.
Ca reassembling Governor Mcmillan
presented the resolutions as adopted by
the committee on resolutions They are
a. follows:
Tho committee on resolutions 10
which was referred several resolutions
aud paper in lieu Of them. submit the
following with recommendation II be
. adopted by this conference. That we
=, believe the best present available rene
die lie along the following lines:
, :. The enactment and enforcement
both by ths several states and the nation
OF legislation that shall adequately and
fully define a. crimes any attempted
monopolization or restraint Of trade II
m any line Of industrial activity, viii
provisions for adequate punishment o.
., both individual and corporation tina
- :, shall be found guilty thereof. punish
u ment TO the corporation 10 the extent o
= IL dissolution.
10 Q. The enactment by each state
oi the union. legislation for adequate con
be troll Of the regulation Of corporations
chartered by that state, and we recon
Il. mend as efiicacious. a system Of report
"A and the examination by state author
ties Of corporations organized under u
laws. TO the end that they may :
~ brought TO fair observance OF the law
10 under which they are created
w 3 The enactment by each state
y. laws that will prevent the entrance
e- any foieign created corporation into Il
or limits for any other purpose than int
.,i state commerce. except on terms th'
=. put foreign created corporations on
~ basis Of equality with domestic create
corporations
de The enactment Of states legislaue
IN declaring Of corporations created IN OF
state TO do business exclusively in 9th
m. states then were created be prohibii'
mi from admission into any state.
-. 3 No corporation should be form
I, in whole or in part by any oorporaiio
a. @ No corporation shall own or ho
- any stock in another corporation enga
Nm ed in similar or competitive business
avs !. Recognizing that trusts are usual
a., composed Of corporations and corpoT
g. tions are but creatures Of law and C
ran not exist in the place Of their creatiC
,,e. we recommend as the sense OF this &C
nss ference. that each state pass laws p
AZ. viding that no corporation which Il
ssd member Of any pool or ,rast in Il
b,. state or elsewhere. can DO business
,sa that state.
an, Resolved. il is the senss q this o
ference that all capital stock OF priv
corporations should BE- fully paid eitl
in lawful money. in property or act
cash. value to the amount Of the eapi
'ms stock.
Governor McMillin presented the
Nc. olutions and made a short speech.
.ch. Chairman Sayers put the question
-, the resolutions were unanimously ado
ed by the representatives Of the eli
!, states remaining.