New-York tribune., 1910-02-13

You almost had a panic in Wall Street
this week" said Constant Reader, as he
met Busy Nan last evening. DO you see
any prospects Of an immediate restoration
OF confidence in the stock gambling
Eorldo'''
Not until the Supreme Court hands
Gown its decisions IN the federal govern
rnent's case against the Standard OIL and
Ire Tobacco Trust said Busy Man
President Taft seems determined that the
Republican party shall carry out TIE
p'ed-es u made to the people during the
Clnrrar-n -.Iich landed him in the White
'IcuSe ard unless the Supreme Court Sus-
tz--s rlo trusts those gigantic products
y modern business methods are going TO
Z ~ 1re costly necessity Of a consider
! f~ read i1.stment OF their working ma
ciuovE.
,-Trr President offered them q way out. y
i r..rd Constant ReaJer. when he caused
q. nr presented TO both houses of Con
g. .s-; Monday lis bill for federal in
cnrs,a~a,ion oC corporations engaged in in
bTsfsre cumuerce
BIZ IFS pros iSionS. said Busy Man
Zen T tac ldll should become law at
u.fs session. seem TO entail the selling of
much stuck 51 subsidiary corporations by
IL holding companies. ! did not read the
t.1 carefully. howcvcr.
Here are some Of its principal pro
visions said Constant Reader:
AN FIVE or moro persons, citizens OF
t1o United States. may form such cor
porstion Capital shall not he Jess than
;'oo. 600. 40 corporation is permitted 20
purchase acquire or hold stock in any
other ca~poratlou. Stock may be paid for
II casl ur iu property. but every certiG-
ea'e of stock issued in payment for prop
er'y must contain = statement that il is
81 issued No stock with 2 par valu NAV
6e ISSUED in payment OF property puT-
e'aSe3 or acquired by the corporation IA
ar amount in par value exceeding the
value approved by the Commissioner of
Corporations after appraise1nent- Power
given 10 borrow money, issue bonds and
mortgage property on the vote Of the hold
ers of tWo-thiTds Of the stock No prop
sfty or other thing than money shall he
tszsn in payment 70 the corporation Of tfe
btlce of such bonds. except az a fair yalu-
stion, ss fixed by the Commissioner In
case anv corporation shall enter into any
contract Or combination or engage III any
conspirscv against interstate foreign
fsoe or commerce. or shall monOpoliZe
'" attempt 20 rnonopolize any part thereof.
N'ilfarE - tie provisions OF the Sherman
&c or shah otherwise violate the laws Of
lae United States its charter shall be FOR
tei,ed
steei Trust officials are quoted az say
= that they would be a'illins 10 reincor-
Ff@s'F under such law, provided u
"o'eo PRACTICAL Sad Busy Man; but in
ln+r Quarters the bill IS freely criticised.
. '-e courts beat the trusts, think Con
.ress ought 20 repeal the Sherman anti
rls, lswr
That's hardy likely" said Constant
eoer BGS We can cross that bridge
en we come &C II. Meanwhile the ad-
.s'Tstion moves placidly ahead. er-
-''Gng the Sherman antitrust law. For
shce, the forty corporations compo5-
ne Paper Board Trust have just
-secea guilty in the United States Circuit
~ mere 10 violating the Sherman anti
81 @ct and we're fued s2.oco each"
-2i'eT pTotracted conferences regarding
amount % duty owing TO the govern
III Because Of BnderWeighing Of sugar
ne docks CT the National Sugar Re
s company 4 settlement was reached
iiz-. 500 .60o
-! S,5itAer. superintendent OF docks
"iHe rlsburg for the Sugar Trust. was
ieec 10 spend two years IN prison ~
ts7 Martin. Of the Emitted States Circuit
'1'I lie issued a stateme:. attacking
A.. 0C' poia'ion. which Ilc said had made a
ptsoSt o. hira.'
ssss4 WiEs was thrust into tie scales