The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-01-04

destiny and the course Of that love was by
no means smooth Walters rivals were the
preachers son and a scoundrelly Hindu, by
name Bunder Poot Singh, self-proclaimed
prince and convert to Christianity, intent
upon saving the souls of heather. Miss
Hamiltons father, cashier OF bank, IN
weak moment advances the bank 9" money
to sanguine inventor, Judge MsCann, one
of the odd and interesting characters of the
book, visionary In the extreme. The Hindu
finds out the situation and holds his knowl-
edge over Hamilton to squeeze money out
Of him and so ruin him. Captain Bluitt is
the patriarch OF the story, a genial humor-
ous helpful gentleman whose fad is an ex-
cessiye admiration OF the ancient Romans,
which led hin. to favor Judge McCann's
catapult which performed such queer capers
that 1t had to be abandoned.
There Is, however, happiness for three pairs
| of lovers, and Walter Drury, with Dorothea
| Hamilton as his bride, was certainly not the
least happy Of the grooms.
Commercial Trusts. The Growth and
! Rights Of Aggregated Capital. BY John R.
| Dos Passos Of the New York bar. New
York: G. P. Putnam's Sons. Minneapolis:
N. Mccarthy. Price, 81.
The author delivered this argument before
! the Industrial commission at Washington in
| 1899 and it has been corrected and revised
for publication in this form. Mr.. Dos Passos,
after defining trust, giving history of the
rise and growth of aggregated capital and
! arguing that legislation cannot control nat
| ural operations of trade or evolutions Of bust
ness and setting forth the evils of trusts,
| enters upon the question Of remedial meas
| ures. He takes the ground that the clause
| Of the constitution giving congress power
to regulate commerce was never intended
as an absolute authority for the general gov
eminent to interfere with the internal affairs
| of the state. To regulate" does not mean
| RI
tended to have such meaning. It was meant
| that the states should not deprive each other
of the necessary free and absolute inter-
course between themselves. There must not,
therefore, be any federal legislation which
encroaches on the rights of the states. AS
to legislation restraining industrial combina-
tons, it must recognize the necessity Of
homogen city in the subject between all the
states; similar laws must be by them framed
on the same line. The states must take
up the question and legislate in uniform
way. The author holds that publicity is not
necessary in the broad sense in which it Is
demanded. IF the rights Of stockholders are
guarded by the states and the corporations
leep their contracts with the states by
strictly following their charters, the public
has no more business in their private con-
Germs than 1t has with the private affairs of
citizens. He holds that the public amply
protected by the laws against false and
|
get subscriptions for new corporations The
| stockholders are protected by their right to
open the books and see how the concern
stands. If the public and the stockholders do
not insist on their legal rights, that is their
fault The argument is followed up very
vigorously. The trouble about homogeneous
state antimororoly legislation is that the
states cannot be induced to enact and enforce
homogeneous laws of the kind. Texas, for
instance, tries to extinguish organized and
working capital. New York recognizes the
| value of cap;talistic investment and seeks
to restrain mcEopoly The root Of the diff
Guilty is found in the legislation which lends
itself to the issue of mischievous and mono
poly making charters. 1t is very probable
> that ultimately, public sentiment will de-
mand and secure federal control and limita-
: ton of corporate power. The tendency is te
such increase of GENERALIZATION.
; the title Of book just published by Ed A
Stevens Of Minneapolis. An alliterative lint
in the title Is pertinent Parliamentary Pro
cedure Plainly Presented and further on ap
; pears instructions and Illustrations which
will Speedily Qualify any one with Average
Intelligence to hold his own on the Floor o.
. act we'll his part in the Chair" This is tn
fruitage of many years of careful work b,
Mr.. Stevens, whose delight it has been To-
= years to study this subject: The book is vel
. indexed and so arranged as to enable tn
); reader to get at the particular question OF
which he wishes guidance without difficulty
|, 1t Is we'll understood around newspaper office
e that when questions arise in the mind Of tn
q local public bearing upon which there may b
IS any forgotten law any overlooked prece
l. dent, Ed Stevens is the man to bring it t
e public attention. The book which he has jus
s prepared will undoubtedly be very serviceabl
i to all kinds Of public bodies lodges. con
: yentions, etc., and shall not be surprise
: to see it become the standard authority o
s parliamentary questions.