The commonwealth. (Scotland Neck, N.C.) 1896-1929, 1899-09-28
THE EDITORS LEISURE HOURS
Points and Paragraphs Of Things
Present, Past and Future.

ors OF about dozen States we're present,
passed the following resolutions regard
ing trusts, and The COMMONWEALTH
gives them in this column as an impor-
tant passing event.:
That we believe the best available
remedies lie in the following lines:
l. The enactment and enforcement
both by the several States and the ma
ton of legislation that shall adequate
ly and fully define as crimes any at
tempted monopollzation or restraint o.
trade in any line OF industrial activity,
with provisions for adequate punish
ment, both of the individual or the
corporation, that shall be found guilty
thereof; punishment to the corporation
to the extent OF its dissolution.
2. The enactment by each of the
States of the Union of legislation for
adequate and proper control and regu-
lation of corporations chartered by that
State, aud we recommend as efficacious
a system of reports to, and examina-
tions organized uDder its laws, to the
end that they be brought to a fair OBJ
servance OF the laws under which they
are created.
3. 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 terps
that will put the foreign-created cor.
poration on a basis of equality with the
domestic. created corporation OF the
State entered, and subject to the same
Jaws, 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
ton that would make it mandatory
upon the corporations seeking to en-
gage in business outside of the State O.
their creation that they procure licen
ses from the foreign State as a condl
ton precedent to their entry into such
State; such licenses to be granted or
such terms and subject such restrictions
rs will place the corporation subject tt
the same control, inspection, supervi
, sion and regulation as the domestic
corporation OF that State, and same t.
be reyocable if the. conditions thereo
are violated.
4. The enactment of State legisla
ton, declaring that corporation ere
ated in one State to do business exclu
siveIy IN other States than were Gre
ated shall be prohibited from admis
sion into any State.
This proposition is supported by de
cisions of the Supreme Courts Of sew
eral States, but we believe it should be
come legislative enactment, uniform
; throughout the States.
5. That no corporation should b.
formed in whole or in part by anothe
corporation.
&. That no corporation shall own o
E hold any stock in another corporation
engaged In a similar or competitive
: business, and that no officer or directo
of a corporation shall be the officer
Idirector or the owner of stock in an
other corporation engaged in simila
, or competitive business, the object Q
result of which is to create trust or
: monopoly.
7. Recognizing that trusts are usual
composed of corporations and that CO..
porations are but creatures OF the Law
and can only exist in the place OF thel
creation, and cannot migrate to al
other sovereignty, and that this col
sent may be withheld when desired, "
recommend as the sense OF this col
ference that each State pass laws pr'
=. yiding that no corporation which is
member of any pool or trust in th'
. State or elsewhere, can do business
u that State.
Resolved, That it is the sense OF tn
conference that all the capital stock
private corporations should be 1ul
Maid either as, first in lawful money,
second, in property or actual cas-
amount of the capital stock that In
le private corporations with capital Issue
~ in excess of amount actually PAID
above rroyided, the shareholders sna
he liable to the extent of twice the Ia
A. value OF the stock held by each.
b. REWARE OF OINTMENIn ~
CATARRH THAT CONTAIN
MERCURY,
as mercury will surely destroy the sen
oo1 ooropIafelV 0eranS0