The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-08-29

haze the ,p1T !. Dsnpy Of tsi forfeit
YPs sges ago hS,s I'm
The eoSnsttGt ION atty Of TIE Federal tax OF
| 70 TO be tested under the provisions Of very
Interesting piece Of leRlslation i9 Georgia. The
are sSsS and
| Issue State banknotos. to be furnished to
state banks under safeguards projecting their
shall attempt to collect the tax Of ten per cent.
provided by the Federal statute, the Attorney
General is required to test its constitutional
fly. OF course this tax imposed under the
preteDce OF revenue. was one that was prohibi.
tory Those k OF US Who recall the ySrss g "a
hive its surost foundation upon the Counter
felt Detector. will watch this experiment with
Tho problems. legal and political. that are
the most ahsorbingly important and likely to
statute construction are those incident to SO
called trusts, pools and comb natons In manu-
fncture: commerce and trade. Tho Legislative
should divide the Objectionable trust or mo-
nonoly. that deres the natural laws OF trade.
trnton OF capital productive OF good results
To strike down the ono and not cripple the
Ssh Il tss op The The G9a
can only be carried on with success BY bring;
limitation OF personal liability permissible n
the creation called corporation, This artif-
of the raw materials from the storehouses q
nature, the making from them In shop. mill
and factory articles OF use or ornament: the
gathering OF them In mart. store and ware
house to vend to, the consumer and the dis
tributon OF them by the hume rous channels Oh
water and land-more OF substantial advantage
TO mankind than any other instrumentalty.
No moro disastrous calamity could befal this,
Rep9be: that largely by snch ooneentraio1 'S of
investme nt. has kept for itself its own splendid
market and Is now capturing the markets OF
statute or decision. destructive OF those cor
IGrat. that are honestly capitalized
The fear is Is that we We may 20 to extremes
and that in wiping out the Ubiquitous trust we
may destroy, the legitimate corporation. The
lngs Of blatant politicians. seeking simply party
or the gaining q patronaae to b
PSS each other Ps5 oi
phrases. full OF sound and fury. seek to capture
the votes OF the groundl9gs, The evils that
in haste that are designed to obtain pol teal
advantage. or are based upon popular cutlery.
or pasua asd torment thse SSentos Aa
Smith is right in saying that the occasions on
which a government can help or interviews are.
certain well;dehned province OF action eI-
cepted e1ceedinRly rare. and ought TO be
LOOKED on with the gravest suspicion, and per-
mitted with the greatest hesitation
In closing Mr.. Henderson made this pointed
reference to labor organizations:
In considering the course OF State lsRisla-
tion on the subject OF com hinations. one cannot
but be struck with some Inconsistencies that
tiles When 1t is considered that labor cost Is
the very large percentage OF everything that IL
be no Inhibition upon organ iaatiens that exer-
else a conn lete and monopolistic control OF
about all the important trades that exist to
them, We read no enactment and hear no de-
nuncntion Of combinations that. by most
spread ruin in their train. add largely to the
cost Of both the conveniences and necessaries
Of life, Statutes afford many arrange CON
that combinations may exist and DO fostered
to advance to the consumer the cost OF labor.
finished article are to be punished with sever
itS,,r ,,,,,,. -, .,o,o ,n,o,si.,oo,,,
and the attempted enforcement OF the State
will be watched with intense interest. The
who write the law. those who oonstrue it's
and those who enforce it will be
j deliberate invest isation. and not be swared
by the, catch phrases OF the political dema-
Hd9Lph Moses Of Chicago, offered resolution
Day In honor Of the third Chief Justice Of the
1901 A Committe Of fifteen was appointed by
the President &c. cons!d the proposition.
Nominations for the general council were
ade and as Alabama came first. Joseph II.
Willett, the Southern promster OF tho Van
wyck presidential boom. heads the list,
Robert d, Benedict OF New York City will;
Il Tie evening session. Edward O. Keasbey. |
Great Corporations"
Tomorrow morning Senator Lindsay. OF
Kentucky. will speak on Tho Constitution
Atty OF American Territorial Expansion"