The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-09-22

u. LOCI1. Sept 1.-Afses swo Gays -
spesek-msk1sg. the govsrnoss. attorney
9snesab and oshs< 0ssesuSn who have
besn holding q cos,ssrsncs hHse ~ fnyi~
sa5on oE Gov. 6ayesv. % Tsxss. ats1s-
81 resolutions outlining sss iAgssisstso
nss1et % cosfsos shs so-caissd trusts aa1
corbepo. anA Adjourned sine AsA
Views WS1sDy DsveSgsoa.
TIE resolutions embodied we're aSyssa %
after tonG 0ssson ~ me oommsssss. %
wi6esy dsyerUsN we're ne vssws pfsassss1
scg - corA&srssson tkas IL vas sftsr MD
night vnen ths commstsss was ssIs 70
arrive ~ any conclusion. The whole mat
Tar wa then rskerrsd 70 . ssb-eDmmittss
compossd OF Gov. McMlIitn. of Tsnnsssse.
and Attorney Generals snith. Of Tesss,
and Campbell. a. Colorado. 90 1ot into
psoper shape
The conesrenes was 70 have met ~ .
O'Clock. bat ~ wAs noon before 10 gos eovn
70 buAnaA - shs comm;ttss On rsSoig-
tons was not ready 10 report Until then.
The t<saysd rswrsts of attorney generals
were rad, and then GOV. AcMilitn. chair
man Of the COMMITTEES on resolutions, pre-
ssnted the report u the commsitss. II was
~ follows:
Ths Rsso1stSSas - Adopted.
''Ths committee on resolutions TO which
were rcferred ssvsrAl resolutions and "a.
pess, IN lieu ~ all Of them submit the fol-
lowing. with the recommendation that ~
be adopted BY this conference;
That Va believe the best present. avail
able remedies No along tho following lines:
The snacinssnt and enforcement BY the
several states And the nation Of legislation
that shall adequately and fully define a.
crsnes any Attempted monopoiisstion OF re-
s;raant o trahe 10 any hns of Industrial
activity. with provisions for sdequats pun
lshmens, both Of the individual or the cor
poration, that shall b. found guil,y there
o. punishmcnt 10 the corporation TO the
extent OF its dissolution.
''6eoond-The enactment by each 0f the
states OF the Union Of legislation for the
adequate and proper control and reg,Ila-
ton Of corporations chartered by the state,
and We recommend IN efRoacious system
Of reports 70 and examinations by state
under its laws, 70 the end that they b
brought 10 = 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-created corporation into liz limits
for any other purpose than Interstate COM
merce. except on terms that viii! put the
foreign-created corporation ON . basis Of
equality with the domesttc-created corpor-
alton Of the state entered. and subjUt 20
the sams laws. rules and regulations Of
the Wtate that Il enters whtuh af~ 80
pIicAbIe to the domestic corporations 0f
that state. and 10 this end we recommend
Legislation that would make II mandatory
upon corporations seeking 20 engage In
business outside The state Of their creation
tina, they procure licenses from the for
cign state ~ q condition precedent 10 their
entry into such state. such license TO be
granted on such terms and subject TO such
restrictions as will place the corporation
subject 10 the same control. inspection,
supervision and regulation ns the domestic
corporation OF that state. and subject 20
be revorablc II the conditions thereof are
violated
''Fourth-The enactment OF state Iegss-
lssion declaring that n corporation Great
ed In one state 10 DO business exclusively
IN other states than where created. shall
be prohibited from admission into any
state. This proposition II supported by
decisions OF the supreme courts q several
states but we believe II should become .
legislative enactment. uniform throughout
the states
"FYrh-Tha. no corporation should ss
a"'"'" i' ~b"i" OF III Pstt y! ~"v'hVf S"f-
pcraf!on.
"Sixth-rhat no corporation shall own
or hold any stock In q corporation engaged
In = similar or competitive business. and
that no officer or director ~ corpora
tion shall be the osYicer or director or the
owner Of stock in anothar corporation
engaged In similar or competitive bust
ness. the object or result Of which In 10
create a trust or monopoly.
''Seventh-By recognizing that trusts are
usually composed ~ corporations and 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 consent may ~
withheld when desired. We rscommepd as
the sense OF this confcrepce that each
state pass laws providing that no corpor-
alton which II a member OF any pool or
trust IN that state or elsewhere can Do
business In that state
Resolved. That II IL the sense of this
conference that all the capital stock ~
private corporations should he fully paid
either. nrst, IN lawful money: or second
IN property Of the actual cash value of
the amount 81 ire capital stock and In
oil private corporations with n capital
stock issued IN excess OF the amount nc-
saaIly paid up ss above provided tho
shareholders shall be liable 90 the extent
~ twice the face value of the stock held
BY each"
In presenting the report Of the com
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