The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-01-01
4 HAVEN FOR THE TRUSTS |
Canada to Make Bid for Ameri-
can Capital.
broad and Daring scheme Planned
Ia Relieve the Obnoxious COmbinn-
New Corporation Bill to BE Intro
duced in the Dominion Parliament.

NEW YORK. Jan. Canada is prepar
ing to make strong bid for that class OF
American corporations known as trusts"
A representative of the Dominion Gov
eminent 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. Il is stated that they have
long since despaired of obtaining favorable
treatment through the enactment Of Fed
eTal laws. for the reason that il would be
necessary TO amend the Constitution OF the
United States before this could be done.
II they go to Canada, however. and or
ganize themselves under D uish laws. they
viii enjoy what is practically national eX-
istence under color CT British charters.
Individuals who are citizens ot the United
States would become by such incorporation
nj 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 trust people declare that now they
are harsssed and subjected 10 petty an
noyances in various States. They say they
are being prosecuted in OHIO They as
serJ that iy obtaining national charters
frCm the Canadian Government they would
free themselves from State interference
aud 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 bill In the
Dominion Legislature early in January
officials Of leading corporations Of Ameri-
ca have had consultations with their c0un-
sci aud have prepared the form o. leEis-
lation which they desire = lawyer I'm their
interest Will 20 TO ottawa in a few days
with a copy OF the proposed sw Canadian
corporation law I'm his pocket. The Cana
dian banks are helping the p position ali
they can. for if Canada beech The home
Of the American trusts the volume Of Ca
madam bank deposits will be increased b.
llliAtphS OF nollala- anu THESE lt-llflsal-
viii not be taxed.
A Canadian commission recently has
been studying the history OF American
trusts in all its phases; the laws govcru-
ing them. the amount OF taxes they pay,
etc. The commission has found that a
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
uadiaus are anxious 20 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-
pie are reported 20 be enthusiastic over the
plan TO gather i'm more American dollars.
The discussions OF the Economic Nssocia-
ton, al Cornell University last week were
carefully watched and as carefully report
ed. and q special note was made on the
suggestion which was dropped az that
meeting relative 10 the possibilities Cf such
a movement on the par, OF the Canadian
Government. Dominion and Provincial. o.
Offering companies doing business in the
United states. TO incorporate under a Ca
madam law OF possibly higher standing
ard freedom from state anuoyauces" than
n they were doing business in the United
ates and Incorporated under the laws OF
ynv one of the States.