Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-09-20

SSAes~
cials, the state executive council with
the attorney general added, or some
other competent body, and make q
showing of the business to be done and
perhaps of the ability of the incorpor-
ators to carry out their promises. AT
present, while the secretary OF state has
a very limited power to refuse to grant
a charter yet in practice the incorpor-
ations are formed almost without any
restraint, At any rate there should be
more regulation Of corporations OF a
quasi i-questions.ble character"
Gen. Mullan set out to investigate the
laws which would cover the Rock ISL
and reorganization case with the notion
that there was some remedy or that
something could be done to prevent the
Organization of the new company if it
should be found tha the plan was dam
gerous. He found nothing that would
give any state official the slightest hold
in law. The state of Iowa has always
been exceedingly liberal in the matter
of encouraging interpretations. It has
been especially liberal in regard to rail-
road corporations. In the next cam
paign for an Iowa legislature this mat
ter Is sure to be an issue and the legis-
lature will be asked to make new laws
that will at least give the state some
control over corporations.
ss
Judge Meek, OF the United States dis
trict court at Fort Worth, Texas, is
visiting in the city. and he was greatly
interested in the corporation questions
roioo1 b,, tho ornyorpnr and diopnaod nf
by the attorney general. He called at
tention to the fact that II the attorney
general had been making study Of the
statutes in Texas he would have dis
covered that the state did not have the
power to regulate the corporations In
that state the legislature has provided
that when number Of men desire to
organize railroad company, for in-
stance, they msut first submit their ar
3ticles and their plan and plat of their
route to state officials. Then the state
appoints two competent engineers who
go out and survey the line and report
1T. They report also the cost and fix
the amount of cal pitalization which may
be needed. If the company desires to
issue bonds the state In like manner
fixes the amount of capitalization which
may be placed against the property. In
short, the whole matter of incorpora-
tions is at all times under states super
vision. Judge Meek is not altogether
satisfied that this is the best thing to
be done, but it illustrates the extreme
of regulation and control as it is car
ried in that state.
Considerable criticism of the Third
district congressional committee is
haerd in this part of the state for hav-
ing decided that the delegates who were
selected for the convention of last May
to renominate Henderson should be
given the power to nominate his sue
ceessor. 1t is claimed that they are
and will be inclined to do anything he
may desire or that his friends may de-
sire. However they are representative
Third district men. The Dubuque del
egation includes such representative
republicans as Jacob Rich, w. r. Tor
bert, Joe Morgan, Senator Crawford,
Representative Keagy and j. F. Merry.
The Delaware delegation Abner Dun
ham, b. w. Jewell and r. w. Tirrell.
The Buchanan delegation includes Sen
ator Griswold, Jed Lake and II. w. Ho-
man. From Bremen comes Ed Knott,
Burton Sweet and others. Wright sent
to the convention Eugene Shafter, S. N.
Hinnan and others. From Franklin
there came Tom Purcell, Senator Har-
riman and others. Hardin has E. S.
Ellsworth, Jake Funk, John c. Crockett
and.C. Il. Albrook. From Blackhawk
there are such men as C. A. Boehmler
and r. Hemmerling. Dubuque county
has "a votes in the convention, Black
hawk Is. Buchanan 13, Hardin II, Bre-
mer and Wright IL each, Butler and
Delaware 10 each. and Franklin 8. But
the objection to the reconyening Of the
present convention again is that 1t was
somewhat hastily called and there was