The San Francisco call., 1907-01-04
FOLK FINDS MUCH
TO Be RIGHTED
Missouri's Governor Urges
in Legislative Message
Many Reforms in Statutes
WANTS A RATE LAW

JEFFERSON CITY, NO, Jan. g.
Governor Folk in his message TO the
Legislature today recommended a num-
Der Of changes in the statutes relating
to the life insurance companies. He
urged a measure providing for stand
ara policy for all life companies. an
other TO prohibit discrimination and
relating and others TO regulate the
election OF directors and 70 require
nonresident companies TO keep at least
20 per cent OF the premiums received
from Missouri policy-holders invested
within the State.
He also recommended the enactment
OF a law making il a crime for any
one for compensation TO lobby with
the members of the Legislature
The railroads. the Governor said,
should be required to carry passengers
within the State for two cents a mile.
There should be a State primary law
for the nomination TO all elective
orices, including United States SEN
ators
WANTS CORPORATION TAX
Every corporation. Governor Folk
said. should be required to furnish each
stockholder with a balance sheet OF it's
business once a year. There should be
an annual tax, in the nature OF a privi-
lege tax, on the capital stock Of all
corporations, both domestic and for
eign. doing business IN the State. The
state should regulate the charges OF
public service corporations. both do
nestle and foreign, doing business in
the State. To determine the unrea-
soma blcness OF rates there should be q
power to inquire into and determine
the actual amount invested in such
corporations and 10 fix rates on a rea-
~. r,Ff fS knr 4
be 10 eliminate fictitious values.
II was the province Of the General
Assembly. the Governor said, TO prevent
one corporation from owning stock in
another and to authorize quo warranto
proceedings TO be filed to dissolve any
corporation a majority Of the stock
IN which IS acquired by holding COM
pany This was necessary, he urged
TO prevent the creation of monopolies
In trade and business in the State.
TO PROHIBIT BETTING
law making it a felony TO register
bet upon q horserace, either on 3
blackboard or any other substance. or
TO telephone a bet on e horserace 10
any other State or TO telegraph or use
any device TO accomplish the registra-
tion OF bets was recommended.
The Governor also recommended
legislation TO suppress bucket shops,
hibit a concern or corporation from
selling goods at higher prices in one
part Of the State than in another, &c
add a prison punishment for violation
Of the antitrust laws. and 10 make the
penalty for the violation OF the maxi
mum freight law apply TO persons. cor
porations and partnerships. A statute
was also urged 10 provide proper pen
alties fer railroad corporations or the
directors, employees or agents Of any
railroad who give rebates on shipments
within the State
The message recomn1 ended the
ar1endment OF the anti bribery laws SO
that witnesses could be forced to tes-
tify. but relieving them from prosecu-
tipn by reason OF their testimony
The Governor invited consideration
OF the proprfety and advisability OF
the adoption OF a resolution making
application 10 Congress TO call con-
vention for proposing amendments to
the Federal constitution, particularly
with reference 10 election OF United
f. States Senators by the direct vote OF
the people, the establishment OF the
principles OF initiative and referendum
and for q just income tax.