Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1910-01-13


| -, ..H ,,.,,,oua r. nr6nsrfv oniy- a. ,a,,nk
l ..-,,s-,etos,a n fine same TAXATION a In
49,. ~. ~ the tate within which Il may
" sl,ueted tipon other einllar property
ineated therein, and Il should require
s,,rh Corporations to Me full and COM
pIste reports OF their operations with TIE
s.rs,4n,sut ~ co,umerca and labor Il
ssg',,s. ,a.srya,s Carnorations ORGANIZED
nr6sr th,s act shouId be prompted from
scc,,i,,n~ arg hniSinr STOCK IN other cor
Acquns anu nviS ~. s.,,sc,si ressons unon
o..s'... ~ ss.,,,er FEDERAL author
~, nppAV ~, .I,s,,,.s ~ creation.I Under
nst;.rai .rsrIces ~ the holding conn
pany with subordinate Corporation. asns u y
effective agency in the creation o. the
great trusts and monopolles.
II the prohibition Of the ANTITRUST ny
against combinations in restraint %
trade Is to be effectively enforced, y y
essential that the national government
shall provide for the creation OF national
corporations to carry on q legitimate
business throughout the United States.
The conflicting laws Of the dinereAt
states Of the union with respect 10 for-'
eign corporations make It dificult, II not
impossible, for one corporation to comply
with their requirements so as to carry
on business In a number Of different
states
To the suggestion that this proposal q
federal Incorporation for industrial COM
binations Is intended to furnish tnem
refuge. In which to continue in9uslrst
business under federal protecuon; !.
should be said that the measure con.s .,
plated does not repeal the SHERMAN ntiu
trust law and Is not 70 De Irameu ~ n
to permit the doing Of the WRONGS wn,0n
i Is the purpose OF tnat Jaw ~ p, na w
but only 70 roster con nalata.nS aacSsScv
vance OF tne highes. inuu s,ai aK,,.ss
without permitting ihuus'Ai
aure 70 Meet Opposition.
S"'0 ~ ~.
s,ch national incorporation law win
he onnosed. frst. by those who believe
tbat trusts should be completely broken
I'M and their property destroyed. It will y
he opposed second, by those who doubt
tbe constitutionaIity OF such federal Inc
oornoratIon and even II II Is valid, object
~ Il az too great federal centralization.
n viii he opposed, third, by those who
will insist that a mere voluntary incor-
nnration like this win not attract to IT.
a aaiatance the worst of the Offenders
! galnat the antitrust statute and who
u,ill therefore propose instead Of It sya-
fam 81 compulsory licenses for all seq
eraI oorporations engaged In interstate
bilsiness.
..,ao,. +h.-A ohiectiona in thelf
let us ~, So"s .o,,arn,nent Il now trying to
oIue,. ~ - - +hasa Combinations and
lissoNe sVnig =. tSS ~ Ans covernrneuI
y y not tne inteIuv' S ~ ,,s,ts aesnrt
% desisL IN tne w. 49,. ,yh;ch ~ "a.
2 enc NEE wv az co,d ynsrcs ~ this
lAy mOnv X ~ - Il snrssSs tl,ak IN
acquisition and concentration Of pEopaEty
y sDhstsntisiiy and directly Restraining
rtar-tata commerce. II IL not the inten,
In ~ the government to permit this
S,cncnoIv "a exist under federal incor
,rrefiNn ~ Ia transfer to the PROTECTING
ring AZ tho federal government Of
~ cnrnoratlon now violating the SHEER
Ssr Al Is,it IL 4 not. and should moi
\ INA nolIcv OF the government to pre!
,srt yssaorable concentration OF capital
Ch,ch q nacessarv Ia the economic devel.
',,~n1t ~ nnanufacture. trade and com,
anrcs This country has shown power
4 s ~ urod,,ctionl that has aston.
49, tha iworId and has enabled US Ia
n,nn.ta vyith foreign manufacturers IL
I nv r,arfsta II ahotIId be- the care 81
~ snvern,nent to permit such coneef,
rstlcn ~ canital while keeping open thu,
venues Of Individual enterprise, ana thu
s,sort,,nitv Tor n man 81 corporatior s9s
XXI reasonable capital 70 engage II
,,-Inasa n Wa would maintain ouI. !.
resent business supremacy, we should II
i've Ia Industrial concerns an oppor
unity to organize or to concentrate then
sgitfmate capital In q federal CORPORA
evtN -. N0R their IQrR0 hl10ine7f
hthin the lines Of the law.
49,. n.,.nA r.,...,t,,tIon.i,tv
way SVuSe SS"es'e"ss'
ascorA- Thara are those who doubt thu
y OBSERVATION-DISCLOSURES ~ such federal incoruor.
KIN, srhs ragnIation AZ interstate and
800, co,rmarra n certaInIv conferred
" 49, s,,IIa-s v,,aaSl9FA ,,uo,, con rese. ana
g. az ,,,rnossT IA naci,rinR in the nnoai
,.rc,,Sh s,er,ar ti,at ma ~ regulation
y. ss.asi st,eT ir.isF that IL nav nfnvidt
IA s,,thovI1e areneiea 10 carry on thai
"A, ~ ,nrcH n wo,,Id seern "a ID within ~
800 this has haen distinctiv affirmal
~ ras,,act ~ rsIlroa6 comnaniea doIna
! intsrstata buainera and interstate
rldres. Ths power 81 INCORPORATION Iias
~ -,,.,ois.S ~ eonCras1 ana unhald
~ az .,.r,.n.,,. ,n,',t IN thIS rasarS
~ .hs,,I y,ith rsSysset ~ anv StEs3
~, - iv.s.'.ata arrny,osrcs ma ths saIs
! 800. scrnsa ststa hnundarleS and Ints
'-ss~,, corrtrtAs, nav fha aama nowe1
- ~ ss-srtadS Tndea6 n q tha verV
\. sj,st thaY cavrv ~ tntaratata cn,n.
~. -. .,,.s 49, t,..H .,..sss trS,ss.sat
, Ta s,,hisct IN Federal nrosecI,tiov
" ~. 81 ''1s " p'S''S
r,vsr ,ho.A v,S;o sr. .,,u,r1 "a oo,o.a.
~ ~. s,,y',o,,,a corr, no, s,,st, a., S,,es
davaI I,corvnra.io,, o.a ir,I,,,aS a. -.