The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1907-12-06
inVeatinR PubIic shohId
lie Amply snfrEnnrdrh.


"rhe congress has tho power to charter
corporations to engage In Interstate and
foreign commerce. and general law can
Doe enacted under the provisions OF which
existing corporations could take out fed
nrnl charters and now federal CORPORA
lions could be- created. An essential pro-
vision Of such q law should be- a method
~ pr"dctermlning BY some federal board
or commission whether the applicant for
federal charter was an association or
combination within tho restrictions Of tho
federal law Provision should also Do
made Tor complete publicity iu 400 muttrrH
affecting the public and complete prutrc.
ton To the Investing public and the share
holders In The matter of issuing corporate
securities, n AN Incorporation law % not
deemed advisable, "a license act FOR big
Interstate corporations might be enacted.
or combination OF the two might be
tried Tho supervision established might
ho analogous 90 that now exercised over
national banks. A. least. tho antitrust
act should bee supplemented bv specific
prohibitions M tho methods which ok
perience has shown have been OF most
service In enabling mon0polistlc cumblnn-
lions TO crush out competition. The renl
owners Of "a corporation should bee COM
PEELED tp do business ln their own name.
Tho right 90 hold stock in other corpora
lions should houreattrr be denied tn inter
ihr proper government officials and u
Prerequisite tu such approval should be-
the listing with tHy government OF an
owners and stockholders both hy tue
corporation owning such stock ana by
thr corporations Zoo which such stock is
owned.
''ro confer upon the national govern
mont in connection with tho amendment
] advocate Zoo tNr antitrust law. power OF
supervision over bic business concerns
engaged in interstate commerce. would
benefit thDm mo- 10 has benefited the ma
uonnl banks ln tho recent business
crisis it ls noteworthy that the iusttu.
lions which failed were institutions
which were not under tho supervision uud
control or the national government
Those which were under national cOu-
troll stood tho test
National control OF tho Kind above adj
yucntrd would De- 90 the benefit OF every
wull-mnnngol railway From 1Ie stand
point OF tho public thpro o. need Tor ud.
d.uunul tracks additional terminals. ana
improvements lu tho actual haudIlng of
tho railroads ana AN this us rapidly as
possible Ample safe. ana speedy trans
purtntlOu facilities are oven more nucps-
slry than cheap transportation There.
fore, there h need for the Investment OF
money which win provide for all these
things while al the same time securing as
ina as IL possible better wages and
shorter hours Tor their employees There
fore while there must be- just and roa-
sonable regulation OF rates. We should be
the FIRST 10 protest against any arbitrary
and uuthlnkiug movement 20 cut them
down without the fullest ana most care
ful consideration Of an interests con.
cornod ana of the actual needs Of the
situation. only a special body OF mon
acting Tor the national government un-
der authority conferred upon II by the
congresa Is competent 10 pass judgment
on such matter
Greater Elasticity In
Currency IN Urged.
The president quotes extensively from
his last message In dealing with the d.