The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-09-22
Proves to Be a FfzzIe on Account
of the Political Turn that
was Given to 1t.
SOME DELEGATES GO HOME
And Very few Visitors Attend
The sesstons..Resoiutions
Adopted by the Body.

the committee on RESOLUTIONS tOlleu un-
I'll after midnight trying to bring to-
gether the widely divergent Views pre-
sented. When they finally came to a
conclusion the matter was left in the
hands of a subcommittee composed OF
Governor Benton Mcmillan, chairman,
and Attorneys General Smith and
Campbell to put into proper shape. At
the time set for a resumption of the
session OF the conference the sub-com-
mlttee was still at work formulating
the resolutions which will be presented
in the shape of Recommendations.
Shortly before 10 o'clock when Chair
men sayers called the conference to-
gether there was very slim attsndance
Of both delegates and visitors. He an
nounced that the committee on resolu-
tIons would be ready to report Mt II
o'clock and the conference took q re-
cess until that time.
At II o'clock the committee on reso-
lutions asked for further time and the
conference rested for another hour.
On reassembllng Mr.. McMillIn pre-
sented the resolutions as adopted by
the committee on resolutions The reso-
lutions are as follows:
Tho Resolutions.
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-
10 he, nanRfan inV this
conferences:
That we believe the best present
remedies lie along the following lines:
Flrst-The enactment and enforce
ment both by the several states and
the Nation, OF legislation that shall
adequately and fully define as crimes
any attempted monopollEatlon or re-
strafnt Of trade In any line OF Indus
trial activity. with provisions for nde-
Quate punishment both OF the individ-
ual or the corporation that shall be
found guilty thereof, punishment to the
corporation to extent OF itS dissolu-
.tlon.
Second--The enactment by each Of
the states Of the union Of Legislation for
the adequate and proper control and
regulation OF corporations chartered by
that state, and we recommend as etti-
cacIouB system Of reports to and leg
IslntIon by state authority of the cor
porations organized under It's laws, to
the end that they be brought to a fair
observance of the laws under whlch
they are created.
Third-The enactment by each state
of laws that will prevent the entrance
OF any foreign created corporation into
It's limits for any other purpose than
Interstate commerce, except on terms
that will put the foreign-created cor
poration on basis OF equality with the
domestc-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-
tIon That would make II mandatory
upon corporations seeking TO engage
In business outside the state OF their
creation that they procure licenses from
the foreign. state as n condition prece-
dent to their entry into such state;
such license to be granted on such
terms and subject to such restrictions
us will place the corporation subject to
the same control, inspection, supervis-
ion and regulation ms the domestic cor
poration OF that state, and subject to
be revocable II the conditions thereof
are violated.
Fourth--The enactment Of state iegls-
latlon, declaring that u corporation cre-
nted in one state to do business eXclu-
sIvely In other states than where Great
ed shall be prohibited from admission
into any state.
This proposition is supported by de:
clslons Of the supreme courts OF several
states, but we believe II should become
Legislative enactment. Uniform through
out the states.
FIfth-That no corporation should be |
formed in whole or in part by any cor
PoFatlon.
Must bc Independent.
slxth-That no corporation shall own
or hold any stock in another corpora
ton engaged In u similar or compet-
tive business, md that no officer or d.
rector OF corporation shall be the of |
fIcer or director or the owner OF stock |
In another corporation engaged In Il |
similar or competitive business, the OBJ
jcct or result OF which Is TO create
trust or monopoly.
Notwithstanding that trusts are
usually composed Of corporations and
that corporations nre hut creatures Of
the law and can only exist In the place
of their creation and cannot migrate
TO nnnther like sovereignty without the /
consent OF that sovereignty, and this
consent may be withheld when de-
sired, we recommend as the sense OF
tbI4 conference that eacn state pass
laws providing that no corporation
which is n member OF any pool or trust
in that state or elsewhere can do bus
mess in that state.
RESOLVED, That It ts the sense Of this
conference that all the capital stock
OF private corporations should be fully
paid either, flrSt, In lawful money. or,
SECOND, In property Of the actual cash
vnIue OF the amount OF capital stock;
nnd that In all private corporations,
with capital stock issued In excess OF
the amount actually paid up, us above
provided, the shareholders shall be lla-
bic to the extent Of twice the face value
of the stock held by each.
Governor MoAilllln, in presenting the
resolutions, said he was aware OF tho
fact that trusts md combinations TO
restrain trade are In degree always
upon federal, state or mu-
nIcIpal government for their cOntlnu-
nncc. "rhts is no hRsemblage,' he
said. "tO war on corporations or capital
in nny form. The object OF these reso-
iutIons ls not to crush corporations or
destroy capital. but to regulate them.
That IL the whole object OF this confer
cncc. nnd when that ls obtained its
whole duty will have been done"
The Political Twist.
Attorney General Davis. OF Arknn-
RnE. mndC few remarks In favor OF
the resolutions, In the course Of which |