The evening times., 1900-01-01
4 HAVEN FOR THE TRUSTS
Canada to Make a Bid for Ameri-
can Capital.
q broad and Daring Scheme Planned
to Relieve the Obnoxious Combina-
tions From state Interference-A
New Corporation Bill to Be Intro
duced in the Dominion Parliament.

NEW YORK, Jan. Canada is prepar-
ing to make a strong bid for that class of
American corporations known as trusts"
representative of the Dominion GOV
ernment arrived in this city yesterday to
confer with representatives Of several of
the largest companies having their main
offices in New York.
Proposed antitrust legislation and the
rapid spread of the antitrust spirit is
mainly responsible for this move toward
Canada.
The idea is probably the broadest and
the boldest ever conceived by the corpora
ton interests. 1t is stated that they have
long since despaired of obtaining favorable
treatment through the enactment OF Fed
eral laws, for the reason that it would be
necessary TO amend the Constitution OF the
United States before this could be done.
If they go to Canada, however, and or
ganize themselves under British laws, they
will enjoy what is practically national eX-
istence under color OF British charters.
individuals who are citizens OF the United
States would become by such incorporation
at least partial subjects of the British
Grown. They personally would not be
British subjects, but their corporation
would enjoy the privileges Of British sub
iects. Their British charters, national in
scope. would exempt them from what is
legally called the~"police power" OF any
American State wherein they have their
factories or happen to do business.
The trus; people declare that now they
are harassed and subjected TO petty an
novances in various States. They say they
are being prosecuted" in Ohio. They as
sert that by obtaining national charters
frcm the Canadian Government they would
free themselves from State interference
and could he sued ia this country only
through the United States courts.
An aggressive member of the Canadian
Parliament named Turgeon. has promised
TO present the new corporation blii IN the
Dominion Legislature early in January.
Officials Of leading corporations oil Amefl-
ca have had consultations with their coun-
sci and have prepared the form OF legIs-
lation which they desire. lawyer In thetr
interest Will 20 to Ottawa in a lew days
with a copy oil the proposed new Canadlah
corporation law in his pocket. The Cana
dian banks are helping the proposition all
they can, for if Canada becomes the home
of the American trusts the volume of Ca
madam bank deposits will be increased b.
millions of dollars. And these deposits
will not be taxed.
A Canadian commission recently mas
been studying the history Of American
trusts in all its phases; the laws govern
ing them. the amount OF taxes they pay,
etc The commission has found that
score of Canadian and British Columbian
mining companies are paying tens OF
thousands of dollars annually as taxes and
fees to the State of New Jersey. The Ca
nadians are anxious to save their own
revenues as we'll as to annex revenues
! from the United States.
! Leaders of both parties are said TO favor
! the new trust law, and the Canadian peo-
I pie are reported 10 be enthusiastic over the
/ plan to gather in more American dollars
/ The discussions Of the Economic Assocla-
/ ton. at Cornell University last week were
! carefully watched and as carefully report
! ed and a special note was made on the
suggestion which was dropped at that
meeting relative 10 the possibilities Of such
! a movement on the par, OF the Canadian
! Government. Dominion and Provincial, a.
Offering companies doing business in the
United States. TO incorporate under a Ca
madam law of possibly higher standing
and freedom from state annoyanceS" than
+ II they were doing business in the United
States and Incorporated under the laws OF
any one OF the States.