The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1910-11-03


the only effective way by which to
prevent wrong doing. Men will always
AXE the chances of violating the law
for money IL they can have some one
else pay the fine.
should Provide Forfeiture.
But the rule of individual RESPONSE
bility does not relieve us from the
great necessity of putting into every
corporate charter hereafter granted,
either by state or nation, not only the
right 10 amend or repeal the same but
also an effective provision for the for
feiture of the charter of corporation
guilty of violation of law. 1t might
not be necessary to proceed in this
way often. But it would have a re-
strainlng and SOLDERING effect to a re-
marketable degree upon those who
would violate the law. on the other
hand 1t would in no wise disturb those
whose purpose was to abide by the
law. The state endows the corporation
| with vast powers. Is there any rea-
son ih the world why those powers
should continue to be exercised or
why the state should not withdraw
them II they are being abused or used
| for the oppression of citizens Of the
state. The penitentiary for the cor
poratibn is the forfeiture of its char
| ter. We should make the most earnest
effort In passing laws dealing with this
subject to individualize and to dis
| tingui$h, to select those who are
| guilty and protect those who are not.
Thousands OF corporations carrying on
a perfectly legitimate business in hon
est and upright ways are not only en-
titled 10 individual protection but they
are entitled to have such laws passed
as will relieve them from the burden
and the embarrassment which they
must suffer by reason of indiscrimin-
on afk IN oh a a nd
by reason of the grouping of the
guilty with the innocent. There
should be no longer any prejudice
against corporations as such but there
should be the strictest and the most
drastic enforcement of law against
those which violate It: This Is not only
essential for the public generally but
| 1t is essential to the interests of the
computations who want to abide BY
the law.
Government Control.
1t is disputed question of consti'
|, tutionAl law but believe that the ma
tional government has the power K
regulate and control the capitalization
of all corporations engaged In inter
state commerce. If it has this powel
II should exercise 1t. III Is one OF tn
astounding facts of history that W,
nave not heretofore exercised 1t TO
the fictitious capitalization in thi
: country exceeds the national debt a
the close of the civil war. 1t woul'
seem that the national government !
J the only sovereignty which can dea
! with this subject effectively. We can
! not undo the things which have hap
/. pened but we can control the matte
!, for the future. 1t will be great sur
! prise to me IL the court should hol
! that the national government has no
: the power to take out Of the channel
e of interstate trade the fraud and de
e lceptioh caused by over capitalization
] believe that the power which ca
: control interstate commerce ca
q cleanse interstate commerce fror
y fraud, oppression and injustice
5 Is quite true that the national govern
d ment cannot enter into the state an
|. preside over the organization Of tn
corporation created by the state, bt
a believe 1t can say that no corpors
: ton shall engage in interstate CON
: merce until 1t has met the test estal
. lished by the national government an
! the government can fix the test to II
!. clude a surveillance as to its capita
a izatio1.
: OF course cannot go into const
= tutionhl argument here, but II tn
: power exists we ought to proceed
: exercise 1t without delay. The r.
3 publican party is committed to tn
y principle of legislation and 1t shou
Il make good without hesitating
a promise.
= Law Enforcement the Great Need
: II seems impossible to go furth
= into the discussion of the policy wi
,r reference to corporations, althouf
! there are other matters worthy of a
a tentioh. But in passing from this su
m ject Permit me 10 say that above
ri things we should dedicate our par
II TO the enforcement of our laws. Mo
~ than legislation do we need the e
Il forcerhent of the laws we have. Mo
r than coveting greater power do y