The independent., 1903-10-15
Independent School Of Political Economy

"ORGANIZATION AND CONTROL OF
INDUSTRIAL CORPORATIONS"
Last week The Independent quoted
a paragraph from the Medical World,
Philadelphia, regarding this book, and
incidentally chuckled a little over DIR.
Taylor's advocacy of spelling reform
while using the obsolescent past par
ticiple, gotten" The Independent
holds no brief against either spelling
reform or obsolescent past participles,
hut simply cited the fact as showing
how an earnest reformer on some par
ticular line might overlook kindred
reforms of no little importance.
However, spelling -eform is only one
of DR.. Taylor's avocations. His vo-
cation now is doubtless editor of the
Medical World, probably one of the
best medical journals in America. But
he is also, as The Independent said
last week, Zone of the best populists
in the United States, and no one has
done more to advance the principles
OF pOpulism." Another of his avoca-
tiOns is the publication of The Equity
Series of books on politico-economic
questions. We have sent out good
many copies of Prof. Parsons City
for the People"-one of this series.
DIR. Taylor sells all his publications at
such a low price as to raise the sus-
picion that he publishes reform books
not for the purpose of making money,
but to advance the political principles
he believes will inure to the benefit of
the people of the United States. Per-
haps that's the way he manifests his
"egoism,' although it is rather hard
to explain by using the formula used
by the socialists for solving such
problems.
In any event, when pOpulist de-
mands for reform in money, land and
transportation are finally accom-
plished-and there is every reason to
believe they will be in the not dis
tant future-nO man will deserve
greater credit than DR.. G. F. Taylor,
although it is highly probable that
many others will claim and receive
much greater, because the doctor is
one OF those modest men who work
all the time and do but little horn
footing on their own account.
The Organization and Control of
Industrial Corporations" is the result
of three years hard work by F. E..
Horach, teacher of economies. 1t
contains 2OS pages; bound in paper,
only Is cents. Address: The Equity
Series, 1920 Chestnut ST., Philadelphia,
Pa. A better insight into the con-
tents of the book can be had by read
ing the following copy of a letter sent
by DR.. Taylor to 80 United States SEN
ators and 3S5 representatives:
Dear Sir: The most intricate ques-
tion that has ever come before the
American congress is the corporation
and trust question. That wonderful
being, "a corporation, which can be
born and grow to maturity in a day,
and which may last during dozens of
generations of men, is most wonder
full invention. 1t combines under a
single management the money. prop
erty, activities, lives and welfare of
hundreds, or thousands, or millions of
men, women and children. It is "a
person" in the eyes of the law, but it
has no soul, and 1t may live forever.
It's powers for good or i'll are almost
bOundless.
This wonderful thing is a creature
OF law; it Is created by law, regulated
by law, and may be killed by law 1t
brings into our midst and among our
industries the most puzzling questions
of modern times. Particularly in this
country, where we have As sovereign
states, any one of which may create
corporation that may do business in
any or all the other states, is this
question difficult and anomalous. This
feature of the question comes peculiar
ly under the cognizance of congress,
which has the power to regulate
commerce among the several states"
Hence 1t Is the duty of congress to