The record-union., 1899-09-22
Very Slim Attendance at Final Ses-
sion of ST. Louis Conference.
Proceedings Delayed Awaiting The Arrival
Of the Committee on Resolutions,
Resolutions Finally Adopted Out
lining the Legislation Needed
to Control the So-Called Trusts
and Combines, When the Com
ference Adjourns Sine Die.

ST. LOUIS, Sept. 21-After two days
of speech making, the Governors, At
torneys General and other statesmen
who have been holding a conference
here by invitation of Governor Sayers
of Texas adopted resolutions outlining
the legislation needed to control the
so-called trusts and combines, and adj
journed sine die.
The resolutions embodied were agreed
to after a long session Of the commit
tee. So widely divergent were the
views presented for it's consideration
that it was after midnight when the
committee was able to arrive at any
conclusion. The whole matter was then
referred to a subcommittee composed
of Governor McMillin of Tennessee and
Attorneys General Smith of Texas and
Campbell of Colorado, to put into prop
er shape.
The conference was to have met at
8 O'Clock, but it was noon before it got
down to business, as the Committee On
Resolutions was not ready to report un-
til then. The delayed regrets Of the
Attorney General were read, and then
Governor McMillin, Chairman of the
Committee on Resolutions, presented
the report of the committee.
Shortly before 10 o'clock, when Chair
man Sayers called the conference to or
der, there was a very slim attendance
of both delegates and visitors. He an
nounced that Governor McMillin stated
that the Committee on Resolutions
would be ready to report at IL o'clock,
and the conference took a recess until
that time.
At II o'clock the Committee on Reso-
1utions asked for further time, and the
conference recessed for another hour.
On reassembling, Mr.. McMillin pre-
sented the resolutions as presented by
the Committee on Resolutions, They
are as follows:
The Committee on Resolutions, to
which was referred several resolutions
and papers, in lieu of all of them sub
mits the following, with the recon-
mendation that it be adopted by this
conference:
That we believe the best present
available remedies lie along the follow
ing lines:
l. The enactment and enforcement by
the several States and the nation of
legislation that shall adequately and
fully define as crimes any attempted
monopolization or restraint of trade in
any Inc Of industrial activity, with pro-
visions for adequate punishment, both
OF the individual or the corporation
that shall be found guilty thereof, pun
ishment to the corporation to the ex-
tent of dissolution.
,. The enactment by each of the
States of the Union of legislation for
the adequate and proper control and
regulation of corporations, chartered by
that State, and we recommend as eff
cacious a system of reports to and ex-
animation by State authority of the
corporations organized under it's laws,
to the end that they be brought to a
fair Observance 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
its limits for any other purpose than
interstate 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 subject to the same
laws, 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 legis-
lation that would make it mandatory
upon corporations seeking to engage in
business outside the State of their cre-
alton that they procure licenses from
the foreign State as a condition preced-
ent to their entry into such State; such
license TO be granted on such terms
and subject to such restrictions as will
place the corporation subject to the
same control, inspection, supervision
and regulation as the domestic corpora
tion of that State, and subject to be
revocable if the conditions thereof are
violated.
A. The enactment of State legislation
declaring that a corporation created in
one State to do business exclusively in
other States than where created shall
be prohibited from admission into any
State. This proposition is supported by
decisions of the Supreme Courts of sew
eral States. but we believe it should be-
come legislative enactment, uniform
throughout the States.
;. That no corporation should be
formed in whole or in part by another
corporation.
6. That no corporation shall own ol
hold any stock in another corporation
engaged in a similar or competitive
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