New-York tribune., 1909-08-25
THE CORPORATION TAX
T.. W. LEHMANN'S VIEWS.
President of american Bar Associ-
alton COmmends Its Purposes.

Detroit Aug. 24-The excise tax on corporations
imposed at the special session of Congress has a
significance far beyond its features accord
ing 10 Frederick w. Lehmann OF ST. Louis presi-
dent of the American Bar Association who delv-
cred his annual address at the thirtysecond meet
ing OF the organization to-day
II Is of the highest Importance as the opening
door 20 regulation which will broaden with the
years" said Mr.. Lehman There is in this
invasion Of merely private affairs A business con-
Quoted by corporate methods is not private bust
ness. Corporate powers not natural rights and
the general welfare is the only justification for the
grant OF them The right OF public supervision in
heres in them and is broad the interests that
may be affected"
Mr. Lehman declared that the trust Is obsolete.
Nobody is ignorant or so defiant OF law
70 think OF forming one" said he. And II is very
easy 10 do much better. Out OF the ashes of the
trust has sprung the holding company the trust
in improved. perfected form The holding COM
pany does and is designed to do exactly what
done by the trust and does It more efficiently
Is It under the ban of the law? Certainly not in
all Of the states"
Mr.. Lehman then referred 10 the significance OF
the federal tax on corporations He said;
Almost n, the first aw enacted by the First Con-
one levying duties upon imports. the purposes de-
clared by the act being the support of the gov
States and the encouragement and protection of
manufacturers and We have never been without
ernment NAV also be regulated for there Is no
more stretch Of federal authority IN the exercise
them constant fostering care.
protection which comes from supervision and pub
licity. The New York BAR Association recently
issue shares without par Value and as repre-
senting only aliquot parts Of the ownership The
deal Of sympathetic support from business men
methods Of business l With tRe ths
oi ethCs ana who feel that they have been dis
apparent conflict, between the universal practice
that We know in the organization of corporations
bounds Of the fisnres that have been anneRed ' to
the money value Of the property.
SOFT PHRASE FOR SERIOUS CHARGE.
Never was more serious charge conveyed in
more gentle in rebuke stripped Of its eupSemisn1
the charge is that falsehood ersally prevails
most extent Of the remedy proposed is silence A
watered share having announced par value is a
ahquot part Is an equivocaton: 1t gives no infor
Why not have II speak and speak the truth?
Among the visitor. TO the meeting are Secretary
Dickinson. Georges Barley. Advocate of the Court
Of Appeals of Paris France. and Sir Frederick Pol
lock. the English jurist. The visitors and dele
gates number about $50.
Tonight Georges Barley read a paper on French
Family Law" and Judge Julian W Mack Of
the Circuit Court of Cook County. Illinois, dis
cussed Juvenile Courts" The subjects were then
discussed by the delegates.
Whether not law be successfully taught
IN correspondence schools, and whether or not four
years preparation IS necessary for admission TO
the bar furnished a heated discussion this after
noon al a meeting of the section on legal educa-
tion
Dean Harry S. Richards. OF the University of
Wisconsin College OF Law and James Perker Hail.
of the University Of Chicago Law School. were
strong in their denunciation Of the correspondence
school. Mr.. Hall classed II with mining scheme
advertising Both speakers also urged a three
years law school training and year cerkship
before student be admitted TO the bar
Judge Francis NJ. Danaher. of Albany eaking
from the point of view of the experienced lawyer,
school methods. and declared that the incompetence
of many candidates for the bar after completing
the course appalling. II law correspondence
schools are bad. he asked Dean Richards and Mr..
Hail. why do Wisconsin and Chicago universities
conduct them I'm other departments? Maintaining
applicant for the bar. he urged that the law
school course be left at three years four years
course, he declared. too long for the student
enthusiastic about beginning his life's work
The report of the committee on standard rules
for admission TO the bar. read by Lucen II
This calls for three years in approved law
school and one year in office four years in
either the office or school.