The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1907-12-03

THE congress has the power to charter
corporations 70 engage IN interstate and
foreign commerce. and a general law can
be enacted under the provisions OF which
existing corporations could take out fed
eral charters and new federal corpora
tlons could be created. An essential pro-
vision Of such a Law should be method
OF predetermining by some federal board
or commission whether the applicant Tor
a federal charter was an association or
combination within the restrictions OF the
federal law. Provision should also be
made FOR complete publicity in ali matters
affecting the public and complete protec-
tion TO the investing public and the share
holders In the mgtter Of issuing corporate
securities II an Incorporation Law Is not
deemed advisable. a license act for Big
interstate corporations might be enacted.
or combination q the two might be
tried. The supervision established might
be analogous 10 that now exercised over
national banks. At least. the antitrust
act should be supplemented by specific
prohibitions OF the methods which ex.
perience has shown have been OF most
service in enabling monopolistic comblna-
tions to crush out competition The real
owners Of q corporation should be com
pelled 70 do business Ia their own name
The right 10 hold stock ia other corpora
tions should hereafter be denied to inter-
state corporations. unless on approval BY
the proper government officials. and q
prerequisite to such approval should be
the listing with the government OF all
owners and stockholders. both BY the
corporation owning such stock and by
the corporations in which such stock is
owned
''To confer upon the national govern
ment. In connection with the amendment
/ advocate In tho antitrust law. power OF
supervision over big business concerns
engaged Ia interstate commerce. would
benefit them as It has benefited the ma
tlonai banks, In the recent business
crisis It is noteworthy that the instllu-
tons which failed were institutions
which were not under the supervision and
control Of the national government.
Those which were under national CON
troll stood the test
National control OF the kind above ad-
vocated would be to the benefit OF every
well-managed railway, From the stand
point Of the public there Is need Tor ad-
ditionai tracks, aditional terminals. and
improvements In the actual handling OF
the railroads. and all this as rapidly as
possible Ample. SAFE and speedy trans
portation facilities are even more neces-
sary than cheap transportation. There
fore. there Is naed for the investment OF
money which win provide for all these
things while ct the same time securing as
fas as Il possible better wages and
shorter hours Tor their employees There
fore. while there must be Just and rea-
sonAble regulation Of rates, We should be
the first to protest against any arbitrary
and unthlnking movement to cut them
down without the fullest and most care
ful consideration OF all interests con
cerned and Of the actual needs Of the
situation Only a special body OF men
acting for the national government un-
der authority conferred upon Il BY the
congress Is competent to pass judgment
on such a matter
Greater Elasticity is
Currency u ursed.
The president quotes extensively from
his last message IN dealing with the a.