The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1899-09-28
DRASTIC LAWS su ccEsrED.
". Lsu,s Conference Adopts We.ointiors On
Tvu.,s aud Combinations Restraint
81 Trad. Called = Crime.

NJ. Louis. Sept 22. AT the confer
,pcc on trusts In this city yesterday the
committee on resolutions, through Its
chairman. Gov. McMiilin. OF Tennessee,
presented the following report;
I. Tho enactment and enforcement both by
The several states aud the nation ~ legislation
hat shall adequately and fully define ~ crimes
any attempted monopolization OF restraint of
trade IN any line ~ Industrial nctiyity.
2. The enactment 10y each ~ the states ~ the
union " legislation for the adequate and proper
control and regulation " corporations char
tered by that state. and we recommend ~ em'
.aciUus system of reports %. and examination
~. state authority ~ the corporations organ
lzcd under it, laws, to III. end that they ~
brought N . fair observance ~ the laws under
which they are created.
a The ,nuc,m nj by each ststc ~ laws that
will prevent the entrance ~ amy foreign created
corporation into it, limits Tor any other PURPOSE
than Interstate commerce, except ON terms tb"t
will put the foreign created corporation on
basis ~ equality with the domestic crra'"l
corporation ~ the state entered, and io lhl- 'nn
We recommend legislation that would make "
mandatory upon corporations seeking 10 en-
lave IN busin.s outside th. state ~ their cren'
tInn that they procure licenses from ~" fprciRn
state ~ u condition precedent 10 thrif entry lh-
Ia such state.
T. The enactment Of state legislation d"ciar-
np tnnt 70 tOftpluilDu -Nb' '''
business exclusively IN other states thnn where
created shall b" prohibited from admission into
any state.
3. That no corporation should ~ formed IN
whole or part by another corporation
T. That no corporation shall own or hold any
stock In another corporation engaged ~ sim.
liar or competitive business aud that no oific"r
| or director Of u corporation shall bc tn" onlccr
or director or the owner ~ stock In another
corporation engaged IN u similar or competitive
business, the object or result ~ which N w
create u trust or monopoly.
| T. wu recommend NJ the scnse Of this confer.
| encc that each state pass laws providing that
| no corporation which II u member of anS pn1l
or trust IN that state or elsewhere cnn do busi'
| ness IN that state.
| Resolved. That IL IL the sense ~ this confer
cncc that nll the capital stock ~ prl,a," cor
| porations should be fully paid either nrst IN
| lawful money; ar, second 10 property ~ tho
uctusi cash value ~ the amount II the capital
| stock: and that In oil private corporations with
| a capital stock issued In excess of the amour,
| actually paid up ~ abOyH provided IN" share
holders shalt be- liable tJ the extent ~ twic" tue
face value ~ the stock held b. each
| Chairman Saycrs then put the qics-
tion and the resolutions were unani-
mously adopted by the representatives
Of the states remaining. Cows shaw.
Of Iowa. and Thomas. of Colorado. and
Attorney General Taylor. Of Indiana,
having gone home last evening left
only eight states represented.
Attorney General Campbell. Of Colo
RADIO, moved that u committee of hvc
bc appointed To- formulate bill along
4 the line Of the resolutions adopted.
and that each governor here prrscn, II
,o his legislature and recommend II to
Tn. chief executives Of other states.
The motion was lost.
Resolutions were then adopted thank
ing Gov. Snyers for his efforts on ~-
half of the con ference and the meeting
ad jDurned sine die.