New-York tribune., 1910-07-21
NS BUSINESS TO FIGHT
A Wagner Favors Uniform
: Corporation Law.
,er1ER RAILWAYS NEEDED
Newcomb, of Washington,
a:.,usses Federal Control
Before Lawyers.

.s,+ Pier. r l., July 2o-'T be.
Nsii~e .;,,,s has come when business cor
zee u shsI1 stand out in the open and
rsrs1o'. ,hei- rights. When the people
fs1 e6ucsted 10 understand the in
t. ts'e eject 10 business interests and tc
''10-. ,,,ss Of batting and harassing cor.
tfsnlso 1hether good or bad, conser-
ToTs- destructive legislation. which vii
si'i1e.-....--;sI prosperity and promote q
s5a.--,r6 for the rights Of others, viii
p, +be rule and not the exception"
fYs in en- address before the Com
law League Of America, in session
-. that Franklin A Wagner. OF
~o-,. made the foregoing prediction.
r.s.rlsred In this connection that he held
80 for the predatory corporations. the
.o1v or corporation which attempted
.s-s-ce its interests by unfair com
y -, Nr Wagner urged the need of q
..r-n foreign corporation law, and made
.,,rrestions for q draft of such a. law.
e.;s that % per cent of the business
.hs United states was now transacted
Sc corporate form, and predicted that
:. tine was drawing near when most
.-.,ssses" would be conducted under that
,-n.
= ths speakers, discussed cooperation in
sasilsss.
re pr9ncipsI speakers at the forenoon
-ss-ins we're 4. c. Lacey, Of Fargo. n. D,
.A,ss subject was Getting the Money
.ns-- z. ponvcrth. Of Caribou, Mo, who
nike On Benefits from the Association of
:. Teasus'': Franklin A Wagner, Of New
y,-k. who presented a Draft Of Uniform
n,-ro-stion law; J. c. Jar1cthe. of Mont
-. +old Of The Law in Force in the
r-,rfnos Of Quebec" and H T Newcomh,
- WASHINGTON. explained Some Recent
vbssss Of Federal Control
.7he power 70 regulate common carriers
,-rs-e5 in interstate commerce Is vested
q the federal government by the Constitu-
-, sid AIr NeWcomb. The act Of
1.ps 15. 1875. IS sometimes called the great
.sxrFsr OF the American railway system,
,sss vas the first Congressional legisla-
ta5 With regard 20 railways"
n-her acts Of Congress were mentioned
~ tbs speaker. while reference was made
:. host Of federal acts, bearing on rail
-o,6s. adopted since 1Ss7. The new railroad
,.x psssed a. the recent session Of Con-
s-sss. was treated exhaustively by Mr.
rsz,orab who then discussed the legal
,rsr-s Of the new bill and quoted de-
fsio1s 10 uphold its provisions. In closing
b said:
This growing nation must have more ana
ts-s- railways many billions OF dollars
= n
rrD4sments and employees OF the highest IN,
,sssrence must increase in mum DerS ana
.zsaEe liberal compensation Inc CROWN
N manufac curing industries ana thelT or
ssrizstions on z scale which enables them
4 sppeal 10 the general investing pubIic
IN he capital is creating a condltlon IN
rrieh every dollar needed by the railways >
Tgrst be sought in competition with INDUS
RS whose prices are not subject 10 leSls-
stre control
B-osd minded men welding the immense
,sTe- exercised by the Interstate Com
-e-ce Commission cannot be blind TO TINS
,lndirion Tor can they be recreant 10 the
Isl responsibilities Of their task II VIII
: impossible 10 reconcile many conflicting
ismsnds Il will be impossible TO Crafty
VAST proportion of the expectations now
gnf6ently entertained Disappointment
-B lead 10 discomfort, discomfort 10 IN
2r from the ancient principle OF direct re-
anusiHiIry for acts OF legislation
F41slly. the public may be prepared to
scertain without regret that such a de-
n-ture was not authorized by the found
rg Of the Republic. II they do, they may
ey- assured that in the common law, IN
be Congress Of the United States and in
hs federal judiciary, aided as the latter
rs and NAV be again by the commission.
vested ample powers TO regulate sub
,antiauy and satisfactorily, all interstate
mTn6rCe-
Ahran I. Elkus, Of New York. presented
hs report OF the special committee on
snkruptcy.
Among the speakers at the afternoon
ssson were Henry Rosenberg, Of New
ork. whose subject was Cooperation Be-
Veen Lawyers and Adjustment Bureaus -
zdafarold Remington. OF Cleveland, who
-sised the recent amendments 10 the