Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1899-09-28

cause they drive small shopke~.,e-s -.
small dealers out or business. lac ceIieN eli
u would be best Tor individuals To o"n
business rather tnan the trusts.
Atty.-Gen. Nolan of Montana.
Atty.-Gen. Nolan of Montana said he
would annlnilate trusts IT. ne could. 1her
success means the exIinguishment OF IN.
dividual opportunities. IL means employ
ers and employees soieiy and the deslruc-
ton OF the middle classes.
Att'y.-Gen. Oren OF Michigan.
Atty.-Gen. Oren of Michigan explained
the corporation laws of that state at con-
sioeI aDIe length. He recommended the
encouragement of home industrial cor
porauonS, even to the extent of allow
ing them to pay SPECIFIC tax in place OF
an actual property-value tax, and their
protection from being absorbed by for
oign corporations desiring to do business
outside of the states wnere they were
incorporated to pay a corporation tax ON
the tull amount of their capital.
Att'y.-Gen. Smith of Texas.
Atty.-Gen. Smith of Texas said that
there was nothing political about the con-
terence, and he was sorry any thought or
going nome before its work was con-
cluGed. He then discussed uniform cor
would compel every corporation doing
business in a state to have a bona tds
office there for the transaction of busi-
ness.
AT p. m. recess of an hour and half
was taken, after the conference had ac-
cepted an invitation rendered by ex-Gov.
Francis on behalf of the Country club to
dine with the club members Thursday
evening.
Gov. Pingree's Speech.
After Gov. sayers called the evening
Gov. Pingree of Michigan as the speaker
of the evening. Gov. Pingree delivered a
speech. which he read from manuscript
His address was, in the main, review Of
the work of the Chicago conference, in
which the speaker took occasion to reply
to Bourke Cochran, whom he styled the
defender of trusts. He said in part.
''At the Chicago conference the trust
was ably and skillfully defended by
interest like Cochran, and was ably
arraigned by equally eminent representa-
William J. Bryan. The speeches Of Bryan
and Cochran represented, respectively, the
indictment and defense of the trusts
Cochran said the trust was the naturai
evolution of forces that could not be con-
trolled nor checked. Bryan declared the
trust was the result of conditions made
by man, and, as such, could be checked
and controlled by human agency. Cock
ran placed the dollar above man, Bryan
| the man above the dollar. Cochran repre-
sented selfish interests, Bryan the human
itarian.
THE trust is a monster. 1t has no con-
cience. There are no good trusts. HUI
man nature makes such thing impoSsi-
BILE The trust will not better the condi-
ton of the people, nor raise wages, until
compelled to do so, and it can not be COM
PEELED because it is a monopoly. The trust
concentrates wealth. On the other hand,
it destroyes the equality of opportunity.
Prevent monopoly, and the trust will
die natural death.
"Our first duty is to so arrange matters
that the attention of congress can be
called to this evil in such a way that it
will enact a suitable law to destroy it,
After the resolution was read it was re-
ferred by the chairman to the commit
tee.
Chairman Sayers, upon motion. ad-
journed the meeting until Thursday morn
Monroe McCIurg's Resolution.
At the conclusion of Gov. Pingrees
speech, which elected frequent applause,
general of Mississippi. introduced a reso-
luton designed as a suggestion to the at
torneys general of the states as to the
method of drafting comprehensive and
drastic measure which would accomplish
the result desired, of destroying the trusts
now in existence, and precluding the pos.
Gov. Thomas of Colorado rose to
question of personal privilege. He said
that a number of the representatives to
the conference, Including himself. were
compelled to leave the city at night on
business of Importance. The afternoon
papers had intimated, he said, that the de-
parture of these representatives was due
to some unpleasantness which had arisen
because of certain utteranceS by speakers
during the day. He desired to say, on be-
half of himself and the other departing
guests, that there was not the slightest
ground for such statement.
ST. Louis, Sept. 22.-At the adjourned
session of the conference of governors
and attorney generals, the committee
on resolutions made the following re-
port, which, with a supplement by At
t'y.-Gen. Smith of Texas, and Atty.
Gen. Crow of Missouri, was unanimous
ly adopted:
THE committee on resolutions. to
which was referred several resoiu-
tions and papers, submit the following,
with the recommendation that it be
adopted by this conference:
That we believe the best present avail
able remedies lie along the following
lines:
Il. The enactment and enforcement both
by the several states and the nation of
legislation that shall adequately and fully
straint of trade in any line of industrial
activity, with provisions for adequate
punishment, both of the individual or the
corporation. that shall he found guilty
thereof; punishment to the corporation
to the extent of its dissolution.
-. The enactment by each of the states
of the Union of legislation for the ade-
quate and proper control and regulation
of corporations chartered by that state,
ana we recommend as efficaciouS a SyS-
tenn of reports to and examination by
state authority of the corporations or
g2nized under its laws, to the end that
they be brought to a fair observance of
the laws under which they created.
y. The enactment by each state of laws
that will prevent the entrance of any for,
eign-created corporation into its limits
for any other purposes that interstate
commerce. except on terms that will put
OF equality with the domestic-created cor,
poration of the state entered. and subject
to the same laws, rules and regulations
of the state that it enters, which are ap-
plicabie to the domestic corporations of
that state, and to this end we recommend
legislation that would make it mandatory
upon corporations seeking to engage I'm
business outside the state of their crea-
ton that they procure licenses from the
foreign state as a condition precedent to
their entry into such state; such license
to be granted on such terms, and subject
to such restrictions will place the cor
pCrat1on subject to the same control, in
spection, supervision and regulation as the
domestic corporation of that state, and
suject to be revocable if the conditions
thereof are violated.
~ That enactment of state legislation
declaring that corporation created in
other states than where created shall be
prohibited from admission into any state.
This proposition is supported by dec.-
sions of the supreme courts of several
legisla tive enactment, uniform through
out the states.
corporation.
IS Tha: no corporation shall own or
hold any stock in another corporation en-
gagged in a similar competitive bust
ness, and that no officer or director of a !
corporation shall be the officer or di
rector or the owner of stock in another
corporation engaged in a similar or com
petitive business, the object or result of !
which is to create a trust or monopoly
~. Recognizing that trusts are usually
composed of corporations. and that cor
poratfons are but creatures of the law
and can only exist in the place of their
creation. and can not migrate to anothe-
sovereignty. and that this consent may 10 |
Withheld when desired we recommend as
hot ao1,