The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1908-11-11


badSi
- c6ultt t4lt llrs BE ND
teellnk epal nor 9oss
tiiits 9een ana
the l1llhll and state ana
et..I. on Gals tor ard corr lions
ana plof6 the tlnf
Li1d ~ cen x otis
rae. tsEl / tf.ftl mt troti ii lest
tlilS ted wen eifiS
ing the lift L. aefcss the contipens
, s land Egdlnfss ana 1gqst " by
the eSe Of broad ana. illaera4
feneFai incorporation act has ems
c6afasea the formation OF c6rpora-
ffoEe NOT only for Blislaee8 In the
state. but IN either r ntE
cen very genefallS gEttze.d :tS
t6f4 and Lending men etefs-
Where that corr oratlona are BILE
and q Bsneht to the STATE. ara are N
fact essential to the lndnstfiaI deVei=
OnHfefi& OF the state Faey arc cons
sJos I'd 81 indfyiSl tl6Is who have 1qinet
the * Eorees g the aeec Inp Is stlIll 1t OF
sonic secial rlil pose WHICH sanbe
than by single endeavor. If q mem
Der of a hFn OF partnership dies, or
6ee6mes fnsotVent, the business fsapt
TO be dfSfurbe1 ana often ceases or
has 70 be read5usted, but In the case
OF corporations. the financial dtfticul-
G1eG
holders does not AFFECT the AFFAIRS OF
the corpora fon. In this co-opera-
tive way are organized and conduct
ed railroads. banks. manufactures,
public utilities and many of the
varied industries of the day. They
come IN competition with each other.
and do not regnlate or atten7pt to
they or individuals combine TO form
d trust, then such conbihationa be-
come obnoxious and hdrtfu1 to the
public interest. They are usually
made not only to reduce the expense
of fadn1inIstfatfon, but to sEffIq eonpe-
titFon by crovtding out the smaller
dealer and to regulate prices so that
the public pays an undue profit, and
more tfIaE 1t would under other con-
dftfons This linsl broHGdt the people
to a realizing sense Of the unfairness
end injustice OF trusts But they do
and corporations. which are most
useful salId necessary In our modern
business methods. Take banks for
Instance: They serve the cofnmun=
fly IN many ways; they form a cons
venient depositoFy for sale keeping
these deposits are placed among the |
people to carry on the daily opera
lions OF their business. They fur-
nislI. in the use OF checks. a conven-
lent and inexpensive form for the eX- |
change and transmission of money, !
and are in effect clearing houses for
the financial settlemenf OF the daily ]
transactions of the business fcommun- /
fty Corporations are legitimate eu-
terprIses. and without them the State /
would not have reached its present |
and they are needed to |
keep It in line OF Industrial progress.
They should be treated fairly by the /
legislature and the State omcers, and /
not be confused with the trusts, 1
which seek, through monopoly. tot
control the output and the prices tn-5
sfead stimulating trade by healthy l
eoH1petftIon.
While the State should maintain /
a certain supervisory authority over
the corporations It creates, 1T is my I
opinion that he less restrictions and |
regulations It undertakes to. throw |
about them, and the less interference
BY legislation with business GENERALLY.
the better viii the interests az the
public be served.
II hope the great aim of the peoS 1
pie. the Board OF Trade, the present |
and incoming officers OF the State |
Government and the Legislature will /
be to invite capital and men OF en-
terpFIse to the State to help develop
it's vast mineral and other natural re-
sources by building railroads, open
ing mines. establishing manufactor- !
les, etc, and as an announcement to !
their coming, let US be fair, just and |
liberal towards our present Industries |
and the new ones that may come TO |
us