The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1899-09-22
'THB GOVERNORS HIlS
For Putting q Curb on tho Growth
Of the Trusts,
uow1sH TO CRUSH CORPORATIONS

The Resolutions Urge the Enactment
by Staten and Nation OF Legislation
That Shall Define as Crimes Any At
tempted Restraint OF Trade.
st. Louis, Sept. 22.-After two days
Of speech making the governors. at
torneys general and other state repre-
sentatives who have been holding
conference here ON the invitation Of
Governor Sayers. Of Texas, adopted
resolutions outlining the legislation
needed to control the so-called trusts
and combines and adjourned sine die.
The recommendation embodied were
agreed to after long session Of the
committee on resolutions. SO widely
divergent were the views presented for
its consideration that It was after mid
night when the committee was able
to arrive at any conclusion. The whole
matter was then referred to . sub
committee composed of Governor Nc
Millin, of Tennessee, and Attorneys
General Smith Of Texas and Camp
bell Of Colorado. to put into proper
shape.
In presenting the report of the COM
mittee on resolutions Governor Nc
Millin said he was aware Of the fact
that the trusts and combinations in
restraint Of trade are in degree de-
pendable upon federal, state or mu-
nicipal governments for their contin-
uance. He believed It was Incumbent
upon the national, state and municipal
governments to restrain the operations
of these trusts and combinations. It
is not the object Of this conference to
crush corporations nor to interfere
with capital in any legitimate form.
but to regulate them 80 as to meet the
fair demands Of all the people.
The resolutions, which were adopted
without dissenting vote. make rec
concentrations in substance as follows.
The enactment and enforcement both
by the several states and the nation
Of legislation that shall adequately
and fully define as crimes any at
tempted monopolisation or restraint Of
trade, with provisions for adequate
punishment, to the extent of the cor
poration's dissolution.
The enactment by each Of the states
Of the union Of legislation for the ade-
Quate and proper control and regula-
ton Of corporations chartered by that
state, and we recommend as efiicacious
q system OF reports to, and examina-
ton by state authority Of the corpora
lions organized under Its laws.
The enactment by each state Of laws
that will prevent the entrance Of any
foreign created corporation into its
limits for any other purpose than in
terstate commerce, except on terms
that will put the foreign created cor
poration on a basis of equality with
the domestic created corporation Of the
state entered. and to this end we rec
ommend legislation that would make
1t mandatory upon corporations seek
ing to engage In business outside the
state of their creation that they pro-
cure license from the foreign state,
subject to be revocable If the condi-
tons thereof are violated.
The enactment of state legislation,
declaring that corporation created in
one state to do business exclusively
in other states than where created
shall be prohibited from admission
into any other state.
That no corporation should be form
ed in whole or In part by another cor
poration.
That no corporation shall own or
hold any stock in another corporation
engaged in similar or competitive
business, the object or result of which
is to create a trust or monopoly.
We recommend that each state pass
laws providing that no corporation
which is member Of any pool or
trust in that state or elsewhere can
do business in that state.
1t Is the sense of this conference
that all the capital stock of private
corporations should be fully paid
either In lawful money Or in property
of the actual cash value of the amount
of the capital stock.