The age-herald., 1901-11-10
DANGERS OF TRUST
 DISCUSSED BY DILL
Tendencies of States to Foster
 Corporations.
REVENUE IS MAIN OBJECT
New York Has "out Jerseyed New Jersey" and South Dakota Will Give a Corporation Any
 thing 1t Wants.

Chicago, November 9.-At the banquet of the Merchants Club of ,.As city held this evening the chief speaker was James B. Dill of New York, who spoke on Trusts, Their Uses and Abuses"
 Mir. Dill described a trust as 'domi- nant combination of money, property business or commercial power of en- ergy."
 He said in part: If the charter of every prominent combination of capital or dominant company expressed the real intent of the organization it would state the purpose of the company to domi- nate in the manufacturing, to dominate in the transportation-' and what is quite as important, to dominate in the mar ket' of the product.
 Ut is not the combination in itself which is vicious, but it is the methods employed by some corporations in the at tempt to dominate which create the ten- dencies that are dangerous.
 MT. Dill divided into two classes the dangers of the trust movement: First, dangers to the combinations; second dangerous from the combinations to the public
 Menace to the People.
 Of the first he said:
 "A menace both to the combination and to the people is found in competitive strife among states for revenue from cor porations Legislative Inducements by way of private and public statutes to cor porate organizations are the order of the day Protection for domestic corpor- ations; war upon foreign corporations is the legislative theory of many states.
 Just so long 1t is possible for a corporate organization in one state to do that business in another, which Is forbidden to it's corporations, just 50 long will we find different states offering inducements to capital to incorporate un- der their particular laws. Today we find states giving express permission to their own corporations to do in other states what such corporations are expressly pro- hibited from doing at home.
 "The present tendency of some states in state legislation respecting industrial cor porations is to encourage and increase state revenue rather than towards sound ness and integrity of legislation.
 For years the State of New Jersey stood pre-eminent among charter grant ing states until from the revenue de- rived from corporations she practically | contributing large sums for schools for good roads and for matters of public use. At the beginning of this month the State of New Jersey had In it's treasury l over s20O00OO as a surplus.
 Experience of New York. r,
 'In 1901 the State of New York al- 1 though 1t had for years waged war upon New Jerseys system of incorporation gave way to the contrast between the state of It's treasury and New Jersey. New York "Out-J Jerseyed New Jersey in , so-called liberality to corporations. It amended it's corporations laws upon the theory that the greatest charter liberalii- ty would produce the greatest revenue Connecticut followed suit and opened its doors, offering its inducements to cor porations and Maine and North Carolina followed New York and Connecticut Delaware and West Virginia had already adopted every provision which could be suggested to make these states success full charter granting states and to in crease their revenue ana finally South Dakota comes forward with a proposition that 1t will grant to a corporation every thing that it will ask, and, for a con- sideration, minute as to be scarcely worth mentioning"
 Suggests Roosevelt Act.
 MT. Dill suggested the Roosevelt act of 1900 in New York as indicative of the features of national corporation act.
 In conclusion the speaker said: | q do not wish to be misunderstood as to the character of the industrial move ment of today. It is of the highest or der and is progressing in the right direc- l tion. Theorists, social reformers and stu dents of economies have argued against | the character of the industrial movement of today. The outlook of the fact is, that, while there are dangerous tendencies, as has been frankly admitted, they are ills which are natural to mankind in any po- stion. not to be cured by nasty action; not to be overcome by vituperation and abuse, but rather to be maintained and perhaps ultimately eliminated by wise, conservative legislation and decision up- on the question as a whole derived from the experience of the people"