The daily morning journal and courier., 1906-04-09
CORPORATION PROBLEM.
JUICE GROSSCUP'S ADDRESS BE-
 FORE ECONOMIC CLUB.

JUICE GROSSCUP'S ADDRESS BE-
 FORE ECONOMIC CLUB.
 At Dinner Held at TOntine Hotel satur-
 day Night--IncOrporation of COrpO-
 rations That Are National Should be
 Transferred From State to UniOn--
 Attorney General of Massachusetts
 Shepard FavOrs State Incorporation
 Officers Elected by Club.
 The first dinner of the Economic club, held at the Tontine hotel on Saturday evening, proved very interesting and successful affair. About 150 persons attended. The speakers of the evening were Judge Peter s. Grosscup, of the United States district court of Chicago, and the Hon. Harvey N. Shepard, of Boston, attorney-generaI of Massachu- setts.
 Colonel Norris c. Osborn presided as temporary chairman. During the courses Colonel Osborn took the oppor- tunity to start the organization of the club by asking that some action be taken at that time towards the election of officers The following were unani- mously elected:
 President-John w. filling.
 First -president-Colonel N. G.. Osborn.
 Second -presdent--Joh T. Man son,
 Secretary and treasurer-Frank S. Bishop.
 Executive committee-John w. filling, Colonel N. G, Osborn, John T. Manson, Frank S. Bishop, Max Adler, Professor Irving Fisher, F. c. Stoddard, Colonel c, w. Pickett and E, P. Root.
 Judge Grosschp was the principal speaker and his topic was. "The Ma tion's Corporation Problem" He said in resume:
 T do not wish to be considered at the start as the foe of the corporation. Considered from the mere standpoint of economic evolution, the corporation has proven over and over again its title to the nations respect But there are two ways of looking at the conditions that make up the security and happi- ness of a people. Right here we come to the turning point in our corporation prohIem-the fact that the economic standpoint is not the only one from which to view the corporations place ;,, al 1nHnod ir01nnTt nf as it is, it is not the controlling stand point,
 Private property is an institution founded on instinct-an instinct that is an inheritance of our race. And, more than from all other causes put to- gether, it is because the incorporation of property under our existing corpor- ation policy has tended to hamper this instinct, has threatened it, in the case ! of the people at large, with perma- nent denial that the corporation has become the specter that haunts the na- tion's sense of it's. own continued secur- ity.
 Day after day the political powers of the republic, are being disturbed more widely to the actual keeping of the people of the country; but day by day there is slipping out of the owner ship of that people just that domain of the country's property that more closely than any other touches the eye and the imagination of the public. And two great streams thus turned upon each other will not always run at cross purposes. Some day they will both run in one direction, or both run in the other direction; for, in the end, human nature will have it's way. Right here, I repeat, is the core of the corporation problem.
 MT. President a house divided against itsel fcannot stand. Embedded in the fundamental law of the land-a foundation stone on which the govern ment rests--is the guaranty that prop erty, along with life and liberty, should be inviolate. But flowing into the pulp lie mind increasing in volume every day, Is the belief that the vast property of the country represented by the cor Iporatlon unlike life and liberty, is not for the people of the country.
 "The supreme issue of the times will be adequately met only when we set about honestly to diagnose the disease, and set out intelligently to remove the causes of the disease. The disease, in my opinion, Is just what l have pointed out-the people at large practically ex- lcluded from any permanent stake in the Icountry's corporate property, The causes of that disease are the causes pointed out--the practical lawlessness that prevails throughout the domain of Icorporate property To remove the causes is to arrest the disease-to put lthe corporation on basis that will jus tify the peoples trust
 "The first step in this procession, in my judgment, is to transfer from the state to the Union, not simply the reg. lulation, but the incorporation, in the first instance, of enterprises that in their nature are national,
 If national regulation will arrest that wrong, and put it in the course of Intimate extinction, I will be content Iwith national regulation, But we must have d means that will go to the root of the disease-that will effectively carry out the nations purpose that no form of incorporated property will be tolerated that Is not calculated to serve honestly the peoples instinct for indi- vidual ownership, as well as their in- I