The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1907-06-01

the right. at all times, to inspect the
books and papers OF all transporta-
tion and transmission companies do
ling business in this state. .'--Okla.
lhoma consultation.
1T must possess the power 10 exes.
else supervision over the future issu-
Iance OF tocks and bonds, either
Through national Incorporation
(which should prefer or in some
similar fashion. such supervision to
Include he frank publicity Of every
thing which would-be investors and
the public at large have right to
know. President Roosevelt at In
dianapolis.
sAnd to require from such com
panies, from time to time, special re-
ports and statements. under oath, con
lcernlng their business. oklahoma
Iconstltution.
THE Federal Government will thus
be able to prevent all overcapitaliza-
tion in the future; to prevent any
man hereafter from plundering others
lby loading railroad properties with
obligations and pocketing the money
instead Of spending II in improve
ments and in legitimate corporate
purposes President Roosevelt at
Indianapolis
Every railroad or other public
service corporation organized or do
ing business in this State, under the
laws and authority thereof. shall have
and maintain public office or place
in this State for the transaction OF
its business, where transfers Of stock
shall be made, and where shall be
kept for inspection by the stock
holders of such corporation, books,
In which shall be recorded the amount
OF capital stock subscribed, the names
of the owners of the stock, the
amounts owned by them. respectively; !;
the amount Of stock paid and by
whom; the transfer Of stock, with the
date Of transfers the amount of its
assets and liabilities, and the names
and places of residence of It's officers.
and uch other matters required by
law or by order Of the commlssion.,'-
Oklahoma constitution, Section 6.
| For the very reason that we de-
sire TO favor the honest railroad man
ager, We would seek to discourage the
activities Of the man whose only
concern ir railroads is to manipulate
their stocks. The business OF railroad
Organization and management should
be kept entirely distinct from Invest
ment or brokerage business, especi.
ally of the speculative type, and the
credit and property OF the corporation
should he devoted to the extension
and betterment of It's railroads. and
TO the development of the country
naturally tributary to It's iines.n-
President Roosevelt at indianapolis.
IL shall also ascertain the out
standing bonds, debentures, and In.
debtedness, and the amount resnec.
lively thereof when issued, and rate
OF Interest, when due. for what pur.
pose isued. how used, to whom issued.
to whom sold, and the price in cash.
herefor, what became of the pro.
ceeds, by whom the Indebtedness is
hala, the amount purporting to be
due thereon. the floating Indebtedness
OF the company, TO whom due. and his
address. the credits due on II fhe
property on hand belonging 70 the
railroad company or either public
service corporation. and the judicial
or other sales of said road, its prop-
erty OF franchises, and the amounts
purporting to have been paid. and In
what manner therefor The commits.
sion shall also ascertain the amounts
paid for salaries to the officers of the
railroad, or other public service cor.
poration, and the wages paid 10 its
employees - Oklahoma corsitution
Section 80.
Ample provision should be made by
congress to enable tho interstate com.
merce commission, by the employ.
lment OF sufficient force OF experts.
Ito undertake the physical valuation o!
each and any road In the county,
whenever and so soon as i'm the opii.
ion OF the commission such a valua.
ton OF any road would be of value
10 the commission In its work.
President Roosevelt at indianapolis
The commission shall ascertain
and enter Of record, the same to be a
public record, as early as practicable
the amount OF money expended in con
structlon and equipment per mile OF
leyery railroad and other public ser
vice corporation in Oklahoma, the
lamount OF money expended 10 pro
lcure the right of way and the amount
iof money IL would require 10 con
struct the roadbed, track, depots, and
transportation facilities. and TO re
place all the physical properties be
longing TO the railroad or other publ,
service corporation Oklahoma con
stitution. Section 30.
And any man acting In such fash
ion should be held to a criminal &C
countsbility."-President Roosevelt al
indianapolis
Any corporation failing or rofus
ing To obey any valid order or re
lquirement of the Commission, within
reasonable time, not less than ten
days, as shall be fixed In the order
may be fined by the commission
proceeding by due process OF law a,
laforesaid) such sum, not exceedinf
five hundred dollars. as may be pre-
scribed or authorized by law; ans
each days continuance OF such failur,
or refusal, after due service upol
such corporation OF the order or re
lquirement Of the commission. shal
be a separate offense. Ol1ahom,
. constitution. Section l9.
Something like two peas in
pod, and yet this is the constitution
that the deceEtful statehood knockers
declared the President would neve
a..