The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1899-06-17
FEARS NO TRUST
Our Own Foster Says New
Jersey Can Take Care
Of Herself.
He is NOT AFRAID OF TEXAS
He Is Not Inclined to Attend
the Conference of
Governor.

Especial to s'The Jersey City News."]
TRENTON, June II, 1S99.-Governor
Voorhees, yesterday expressed himself as
not being alarmed in any way by the
attitude of Attorney General Smith, of
Texas, against the. corporations of New
Jersey.
81 cannot believe that the Secretary of
the State of Texas has rejected the ap-
plication of a corporation chartered by
this State, and that Governor Sayers an
nounces that the principal business OF
the Antitrust Convention is to consider
New Jersey charters, said Governor
VOORHEES, at the State House, yesterday
afternoon. 'If it be true, it indicates
that Texas has suddenly acquired great
antipathy for our little State; and just
why, I do not understand. There is
much misunderstanding about New Jer-
sey's corporation laws, and ! fear that
Texas, being so far away, has not made
the proper investigation of them. In
preventing a corporation chartered in
New Jersey from doing business in
Texas, it looks to me as if the Lone Star
State was cutting off its nose to spite
its face. Texas, l understand, is badly
in need of industries; and when cor
poration locates in one of its towns for
the purpose of giving industrial and fin
ancial life to that community, l should
think that, from a business standpoint,
she would extend a welcome, instead of
holding up the industry simply because
it was chartered in New Jersey. This
State cannot retaliate; but it is ques-
ton whether 1T is not a violation of the
Constitution of the United States, in
that it may deprive citizens of New Jer-
sey of some of the immunities enjoyed
by the citizens of Texas. They may reg.
ulate, no doubt, but it is going good
ways to abuse a legitimate enterprise.
Trusts and monopolies are Illegal in all
States. but within certain lines capital
can unite everywhere.
s'When asked If he would attend the
convention of Governors at St. Louis
to consider trusts, he said d:-"My present
inclination is not to do so. do not see
what good such a convention can accom-
plish.
s'It seems to me that 1t would have
been better had legislative commission
been invited to st. Louis to consider the
subject of trusts and to arouse antitrust
action. These men would be competent
to carry the enthusiasm of such body
into their Legislatures. l think more or
the scheme of the Civic Federation, VINO
have invited the Governors of each State
to send a delegation to Chicago on Sep
tember Is to discuss trusts. They ask for
a commission of seven men, and am
inclined at the present time to appoint
such a commission, because New Jersey
is perfectly competent to take care of it's
own interests and defend itself against
the charges and accusations that nave
been made against it by people whom l
have reason to believe are not thorough
ly informed on the subject The civic
Federation at Chicago will be held just
prior to the Governors Convention at St
| Louis. Personally, am glad the subject
| is to be discussed in open convention py
| competent men. I am not interested IN
the matter myself. l called attention to
| the matter in my inaugural address ana
| there stated that it was matter for
| the deep consideration of legislators and
| the people.
81 doubt if anything definite will re-
suit from the holding of either conven-
| ton, except possibly to dlrect pupiic az
| tention to the matter
"The subject" said the Governor can
| he much better considered by the commit,
| tee of Congress, now in session Ihey
are more likely to reach reliable conciu-
| sions ana more sensible recommendations.
| Their deliberations will be free from
bvsterieal action and illy-baked views can
| he disregarded. The problem is too com
n1icated to be rightly solved in town
4 meeting or a political convention"