The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-12-04


shall do so upon absolutely truthful rop.
rcsentatons as Co the value OF the property
~ which the capital is To- be Invested.
Corporations engaged In Interstate conl.
mercc should be regulated II they are found
70 exercise n license working TO the public
/ injury. Il should be as much the aim nf
those who seek for social bettcrment to
rid the business world OF crimes OF Gun.
ming as to rid the entire body polite Of
] crimes OF violence. Great corporations ex-
/ ISL only because they are created and safe
guarded hN our institutions. and " Is there
fore our right ana our duty to see that
/. lheN work IN harmony with these instltu.
The first essential Ia dctermInin. how to
/ deaf with the great industrial combinations
| Is knowledge OF the facts publicity. In
tho interest cf the public, the government
SHOULD have the right to Inspect and OK.
amino the workings of the grcnt corpora
/ tions engaged In Interstate business Pnh.
/ licitN Is tue only sure remedy which We
can now invoke What further remedies
are needed In the way of governmental reg
ulaiiun, or taxation, can only be determined
after publicity has boon obtained by
process Of law, and IN the course OF admin
iStratlon, The hrst requisite Is knowledge.
fun and complete knowledge which may no
made public to The world
Artificial bodies, such us corporations aud
Joint stock or other associations, depend
Ing upon any statutory law Tor their OK
iStenCe or privileges, should he subject TO
proper governmental supervision, and fun
and accurate Information MS to their opera
0
reasonable intervals,
/ PUBLICITY THE TRUE
I REMEDY FOR TRUSTS.
The large corporations, commonly called
trusts, though organized In one State, al.
ways do business In many States, often
doing very little business In the state
! where they are Incorporated There is ut
| ter lack OF uniformity iu the state laws
/ about them. and MS no state Inns any ex
/ elusive interest Ia or power over their acts
II has in nracttre proycd trnossihie ia 90,
/ ,,,a., -, -
"u'lUai' regulation through sumo Rcuon,
Therefore, Ia the interest Of thc whole
peoplc Tho natou should without intcr.
/ 81. ~, 80, - 10 =, 60.
Tins "''u '"' p""'r 90 'he states ~ th'
vision aud regulation over all corporations
uolhE an interstate business, RMS Is cs'
j p'plliy true where the corporation derives
/ q portion 81 IT'S wealth FROM the existence
81 some monopoHstic element or tendency
I I'm it's business. There would bc NO bard.
snip ~ such SupCrNlsloni hanks are sub.
jert TO IT, and TN their case II Is now nc.
/ rcpLeu as a simple matter OF course. In
I aecd IL rs probable thUt supervision or cor
| poratlons by the National government need
MOI 90 So iar as Is now the case with the
/ supervision exercised over them by so con
1 hcrVatiNe state as Massachusetts, IN
order 10 produce excellent results
When the Constitution WAS adopted, az
.
man wisdom could forotgll the sweeping
ra m |nU t
hcglnn ng OF the Twentieth century At
that time It WAS accepted as a matter OF
nrUnsr MA u,cS WN sa 'n
was thcn necessary, the comparatiyciy IN.
significant and strictly localized corporate
m9unS oil Jne uaE lnG 51noiH"ms are now
ia called for believe that law can he
framed which will enable the National gov.
rGNmeiJ 10 eSGreise H9nlf4, gtonk inc nncs
Gained thrortA nc hasS,lec and nin,lHistra.
lion OF the Interstate commerce act. IT.
however. the Judgment of the congress IS
that Il lacks the constitutional power Ia
pass such an act, then constitutional
amendment should bc submitted to- confer
the power.
There should he created cabinet officer
/ to bc known as secretary ~ commerce and
industries as provided in the hlll Intro
/ ducyd at the last session OF congress. IL
I should hc his province 20 deal with com
/ mrrcc I'm It's Groudcst sense; including
among many other things whatever con.
/ Germs labor ana all matters affecting the
/ great business corporations and our mcr.
/ chant marine.
The COURSE proposed is one phase Of what
| should be "a Comprehensive and far reach,
] ing scheme OF constructive craftsmanship
| for the purpose of broadening nur mnrkcrs'
g.