The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-01
is PAGES TODAY.
TExAs, ArrITuoE TowARo cAplTAL.

is not altogether gracious possibly 70 take point
Cd Issue With guest but Mr 81 Wicker. Of the viz
ting New York delegation said some Things ard asked
questions waco Monday that ought not pass
unnotced or unanswered By the press Of this State.
Mr.. wicker after enumerating number OK inter
eating things they had heard Texas during their
visit continued
Il Waco hard word about The passed against capital
1919 49,. ~ en- ~. yss nay io' 4a s2.a IRON
swering inquiry why dd yog pass laws which compelled
States 70 escape being wrecked W. hase not fssr6 rom
ny Of then why i was necessary or a0y Legislator
last session 90 say the hl uot passed goo
tween inc time that bill was introduced and the time
deteaisd oar papers each Day termed Nt iniormaton Il
goyenor being invited 10 address The legislature about his
Why are these things in Texas 500 WIN have these
things come you durng the past years. think
our delegations would like 70 have them explained
Mr Wicker should have been informed that the cor
porations alluded to not Compelled" TO resort to
the supreme court Of the United States Ito escape be
ing wrecked" AS a matter OF fact the railroads Of
this State 70 which Mr. Wicker evidently aIludes have
been In better condition and made more money since
the railroad commission established than before
that time Judge Reagan made that clear To the Wis.
ors. All other corporations in Texas are more pros
porous now than they ten years ago Other cor.
porations that have appealed the supreme court Of
the United states against Texas laws have been worst
by that august National court
But why was Il necessary. asks Mr. Wicker for any
legislator to go TO the legislature with bill embrao.
ing what are known the Hogg amendments? When
Mr Wicker tells why il has been necessary for in.
Vulnerable New York legislators to go to their epis
lature with drastic measures freak bills we viii
be ready TO his inquiry But the fact that the
legislature of Texas turned down the bill" ought to
Ne sufficient evidence to fair mind that the public
sentiment OF this State did not indorse tho propose
legislation
The answer TO his remarks is the Legislative record
But says he, the damage done to Texas during
lac pendency of the To that no answer can
be made other than II capital is so easily preiudced
and 30 easily stampeded that it can not wait to see
whether people approve or disapproye Of some pol
tcien's proposals. It is In a truly pable plight Cant
tai ought TO be ashamed TO so candidly confess he
prejualces and it's weakness
Why arc these things in Texas so?" continues Mr.
Wicker We might ask him, in reply why are they so
IN his own State? why does New YORK take from
dead mems estates large sums in the way Of inhert
lance taxes Why has ii just enacted graduated
corporation tax a@ Of \ OF per cent on the captal
stock OF corporations? Why there an anticombina
ton Law in that State? Why has it taxed corporate
franchise end enacted score Of other laws taxinp
and regulating eapital2 Is It possible that Mr. Wicker
can NOT get the beam ont Of his own eye In looking
at the mote down here in Texas?
As a matter Of fact the New Workers ought n n,,a
examined our laws enacted curing the past ten years
They are directly in the interest OF the honest nyes
tor They only prevent wildcat companies and spec.
afioa and combinations in the nature Of monopoy or
IN stTaint OF trade They are as liberal as the laws
o. New YORK or Massachusetts,
US az EcmmyFot 70 say that only now the State
q Texas is favorable to the investment Of outside eab
tel Texas never has been inimical to legitimate Il.
ystents nor at any time have such investments been
unsafe IN this State The great trouble seems 10 h
with capital or at least capital that It does moi
want q ackpowiedge itself anenable to any laws or
recognize the fact that the people have rights that
to be saeguarded against aggressive movements !,
large bodies OF organized wealth
Texas win welcome foreign capital and protect !,
There 10 nothing in our laws to Cypress ii when an.
gagged n natural and legitimate channels but TEXAS.
no more than Massachusetts New York proposea ~
turn itself over Internationally to be exsiSited -
wholly uncontrolled and unregulatel capital The