Los Angeles herald., 1906-10-15
HEARsI,s YELLOW PAPERS FORMED INFO A TRusT
Mr. Hughes Of Why
porstions Are the Meres Demsgosy
the New York;

York Times.
he took another appeal, which ho had
q right TO take and he took 10 to settle
for all time that the question of the
bona fides. the good faith, the neces-
sity Of such an organization, should
not be passed upon by a jury, but that
II the forms of law were all preserved
and II the technicality OF the law had
all been compiled with, he was safe
and the court so decided.
'I thought I would carry that investi-
gation a little further. noticed that
this mornings American, after the re-
marks that had been made Saturday
nisht in Brooklyn, this mornings
American, which bears the name of my
opponent on its face, said Tie has no
need to defend corporations as such,
since nobody denies their utility, their
necessity Oaughter.)
I'VE are making progress you say.
Yes. Nobody denies their utility or
their necessity He does not deny Il.
lie knows it too well. lie knows &c. lie
needs that utility and that advantage
every day.
"But still suppose we shall have
In the future, as we have had in the
past. the general talk about corpora
tions-a corporation government; a
corporation attorney--as though the
word corporation was itself a stigma
instead of a corporation being a thing
of service and utility. Gaughter.)
II was interested in reading in the
protest that was made on behalf of
certain corporations to the president
of the board of elections of New York
this statement, at the end of the pro-
test:
Formal demand is hereby made
that the board Of elections cause to be
published I'm the said New York Amer
lean, New York Evening Journal, and
Das Morgen Journel the designation
Of the place for registry and voting
at the ensuing election. as provided in
section 10 of the election law Yours
truly. Clarence ]. Shearh, counsel for
Journal Publishing company and Das
Morgen Journal association
Clarence ]. Shearn, the attorney
general of my opponents campaign
should I say a corporation attorney?
Great laughter) And It appears in
the earlier part of the letter that the
New York American is published by
the undersigned Star company; that
the New York Evening Journal is pub
lished by the undersigned New York
Evening journal Publishing company,
and Das Morgen Journal is published
by the undersigned Das Morgen Jour
nal association.
Nov, what is the Star company? If
the Star company does you any harm,
do you know who its president is? Do
you know how to find out who its presi-
dent is? DO you know whom to serve
with process? Do you know what
property it has? If it's wagon runs over
you and YOU find that the name of the
man at the head OF the paper is not
the name of the owner and proprietor
in law, and you must deal with a cor
poration, do you know whether the
corporation has got anything? Do you
know whether it obeys the law? Wheth-
er the corporation is n good corpora
tion-is a good citizen? Well, suppose
you try to find out. Suppose you try
to see if there are any reports on file
in regard to 1t. We might want to
know whether 1t pays taxes. Gaugh-
ter.)
His Holding Company
ut seems that a company-the Star
company-was assessed for taxation,
and it seems that a request was made
Of the department of taxes and assess
ments that it be relieved from taxation,
and the statement made in that petit
ton. dated Feb "a. 1906 the Star COM
pany, s. S. .Carvalho, treasurer. was to
the following effect-this I believe is a
correct copy: 1t has been furnished to
me as such by one who made it:
The Star company is a corporation
organized under the laws of the state
Of New Jersey Qaughter), and claiming
to be aggrieved by the assessed valu-
alton of its personal property for the
year 1906. makes application to have
the same revised and corrected
"And find the amount of capital for
which the company is organized $780,
0O0 Place within the state named as
its principal place of business. 140 Mas
sau street The amount receivable on
notes and open accounts, nothing
Value of goods. wares and merchandise
in the state of New York. exclusive of
goods in unbroken original packages
imported by the above corporation
from foreign companies. nothing
Oaughter) Value of machinery and
plant, nothing. Gaughter) Cash in
hand, nothing. (Great laughter.) The
amount of bills and accounts payable
incurred, nothing. Amount invested
in business in the state OF New York.
nothing. (Laughter.) Amount of in
debtedness contra cted or incurred in
the purchase of the non-taxable prop