The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-06-28
SAVERS TRUST CONFERENCE.


A,s,in Texas. June 27-(Staff Spet-AlD
The possibilities Of Governor sayeFs
t,roposed convention of chief executive
officers and attorneys general OF the dit-
ferant states TO tackle the trust prob
lem are gradually dawnlng upon public
men observers Of passing events and the
press Of the country, and as the DAY SET
for its opening approaches interest tnere-
in increases. At fret there was dlspo-
sitlon in some quarters to "hurrah' the
meeting In advance, but II is being dls-
/ cussed In a serious vein by all hands a.
this writing Throughout the Northern
states they are talking and writing ABOUT
IL AT great rate and the more atten-
ton they pay thereto the bigger the SUD
ieot grows. Naturally enough, any propo-
sition leading to a study OF the ellec's
OF combines for the purpose of controlling
the supply OF raw material or limiting
the output OF manufacturing enterprises
with a view to destroying the power OF
such combines. will provoke debate II maae
IN earnest Having satisfied themselves
that Governor Sayers means what he
says when he announces that he is anx-
| ious for an expression Of the best thought
OF the country in the direction of curb
ing and finally suppressing trusts, the
thinkers OF the United States have en-
gagged in mighty dsputation at his
bidding
~
Trusts have ere this been outlawed by
Federal statute and State after State has
denounced them, but their growth has
not been checked. On the contrary, they
are fourisbing today in greater numbers
and with more power than ever before.
Armed with charters granted by States
which they dominate, they have spread
out until every avenue of escape from
their rule seems closed. The Federal gov
eminent has given up the fight and passed
1t up to the different States virtually CIV
ing them notice that unless they exercise
their right to exclude from their border any
corporations obnoxious to their laws there
is no hope for them in this instance. But
to render the exercise of this right eff
fective, there must be unity Of action.
OF what use is 1t for any one State, single
handed and alone, to undertake to bar
the door to monopoly charter holding
corporations? II a majority OF the sover-
eign subdivisions of this Republic will
clasp hands over the proposition to adopt
and observe uniform corporation law
and agree upon the purposes for which
they will allow associations to incorpor-
ate, and enter into compact to deny ad-
mission to any corporations formed for
any purpose not recognized in the law,
they maye get together and something in
the way of breaking up trusts may be ac-
complshed, but not otherwise.
~
And this is what Governor Savers con-
vention is going to make up to- and that's
why the representatives of the States
which make speciality OF granting trust
charters are looking upon it with sus-
picion. The governor of New Jersey, for
Instance, can't for the life of him see why
it should be held. 1t is evident 10 his
mind that said convention must lnaugu-
rate a boycott of the franchise granting
Industry for which his State has become
principally noted, II it expects to accom-
plish anything. Recently he expressed
great Indignation because Attorney Cen
eral Smith had advised against issuing
permits to corporations which had gone to
New Jersey to seek authority to transact
in Texas business for the pursuit of which
charter could not be obtained from Tex
as Now he is in a rage because he an
ticipates general attack of marble heart
throughout the West and South towards
New Jersey corporations, 1t grleves his
soul to notice the gathering revolt against
the creatures turned out by his charter
mill to prey upon and throttle local in
dustries and hold up the great consum-
ing public In those sections.
Prominent as New Jersey has become IN
the corporation Matching business, 1t
lacks great deal of enjoying a monopolv
thereof. Attracted by the money that
there Is In It, other States have set I'm
incuoators of their own and are running
tnem In competition with the mosopito
state The following taken from the coI.
umns of a New York financial paper If
recent date will give an idea Of how
formidable that competition has become.
od dhere is another competitor in the 0eI5
seehing to Incorporate companies direc, " ni
40 attend to their legal matters Njthon', 1 tsa
naieI sentlon OF members of the bar :, ~
lieu ,,a tne Irl-state Corporation Agency orS
was 9rSanl1ed by Henry c. Conrad citv so anu
t "a OF capitalists OF that State and uSa IT,
W attend TO the incorporation under tbe LIS -
VI belaWare, John p. Stockton ex-att "a >
sss SrS'aL OF New Jersey. It is said VIII ~
tne New Jersey interests The Tri.statH
~ solaton agency is said 10 extend q, az az
VirSine character, to the States OF VIZ
NIX n1rsnS i Delaware and New Jersey n, mrs'
Pay Pay Mlii open offices in New YORK ne 'p hn
nj aaiS'us Iohe In Trenton, n ! Win, =. "a
49,. auu wheeling W. Va Ciro,,iarie w.
T ersss seut out from Trenton 10 Officers - N ere
nicsty corporations advising them 10 , or new
fore v WIN me New Jersey representotIye hn
s r1n paying their New Jersey taves i've Pc
~ thau tnat many II not the lareeT r on .ne
;nste new Jersey taxes can, BY pronsr 20 a, epn
wSo otiIu ana litigation. be redfced eAa,n
c mnori aorogated. One OF the orsar u no. hot
The eone said Yesterday that the poIax ~
tbe, V ~ would BE- entirely diferent OF