The Rich Hill tribune. (Rich Hill, Mo.) 1903-1911, 1910-01-13

able 81 Gao be Introduced into ne stat
IL eonsiderins vioiaeens u ~ eutt
iopsr that shss ias mas iniaafaI
methoes ~ canyinE IN bus ness ghich
hef0fa ~ passage Nefs fsghIaga a. W
not betftuse Of WFir intrinsic immcral-
~. but becHuao ~ ue danFsrqpa -
suits toward Which they ieaeea - COR
hauda ~ tie few. isgeing 20 oppfsa
sion and inluaiica In dealing therefore,
With many q tas meh sho haFs gsse
Ter The pufpoee " mhi1tHiuinE a proht-
able business. we maV well tAetit4te .
change ~ them IN the method ~ q.
back into tho IONS ~ lhwfaintaa, nithVut
losing 40 the country Size economy ~
management ~ which in cur egn,tNe
tradH the cost ~ prediction has bffn
materially laasfned. and IN compsutlen
with fnTNgFa manufacturers cur tofGAn
trade has been Erfatiy Increased
Asks National Corporation Law.
Il therefore Recommend fhe enactment
by cyuErrra ~ "a general lev FfpftalhH
for the formation ~ corporations 20 en-
cage in iradf and commerce among tho
statea and with forsiEn nations. protect-
Ing them from undu. Interference % TIE
as 90 prevent the recurrence undFr ma
uonni auspices q those buses which
have nriaen under state control Such q
law should provide for the issue q stocs
only 90 The cash paid IN on the stock
aud ~ the stock BE- Issued Tor rrqpErtys
Iutn ~ n i4f Nat1Auon
DER approval ana supervision o. te1erai
authority after a fun and complete ma-
closure 81 afi The facts pertaining % the
value 90 such property and the Interest
therein Of tlG persons 70 whom - r.
proposed % Issue stock IN payment ~
snch properly u should subject the real
ana psrsonal property only = soch cor
posed bY the states within which u may
De situated upon other similar pToperty
loysgtcu u1eitln. ans Aae4t1 reqaLre
plete reports ~ their operations with The
department u and labor ~
regular Intervals Corporations orEsnized
undeI thia act should be- pfohlblte4 from
acquiring and holding stock iu other cor
pnrAtiuua Except for special reasons Uppn
approval by The proper federal author-
naffoual auspices. % the holding Dmpauy
with subordinate corporations tn different
states which has been SUCH an effective
agency 30 the creation % the great trusts
and mouop3hca.
State Laws Conflict
~ the prohibition 81 the antitrust act
against combinations in restraint q trade
81 % be effectively enforced. ~ is essen
provide for she creation of national cor
poratiuus % carry on a legitimate hlEi-
meas throughout Ias 1nitsG states The
Z conflicting laws OF the different states %
thc union with respect 20 foreign corpora
lions make % diflCllt, n not impossible.
Tor one corporation o. comply with uleir
I requirements so az 20 carry On business
in "a number % different states
7 The suggestion that uif proposal 81
I federal Incorporation for Industrial COM
/ bIunu0ua ls lutcnded 60 furnish them @
refuge ia which to r0ntingo Industrial
hlsluess under federal protection. IL
/ should pc said fhlt the measure csntem-
trust Jaw ans Is not 20 De- framed - -
70 permit tEe doing o. the wrongs which
q ia The purpose ~ that law - prevent
but only o. foster a continuance and "a
vance of the highest Industrial er1-iency
without permltunE industrial abuses
"such a national incorporation law WIN
be opposed. first 10y those who believe
that TRUSTS should BE- completely broken
I Do opposed. second. by those who doubt
the r"0NsututouGiitF % such federal tn-
90 y a. too great federal Capitalization.
IL Mill Do opposed. thlrd by those who
VII insist that q mere voluntary lncor-
pofatioa nkg me WI net 9ttfsss t9 ~,
D aE 4tuFf abe auu-truHt statute ana who
WIN therefore propose instead q it g SyH-
81 corporations engaged Ga iuterstatt
business
I.et us consider these objections ir
theiF order The eoNqrlm cni ~ bow try
4 inE a. dissolve aufua % These c1mhsnA
uons and ~ 10 nos Ihe infeuuou % the
I government Go dralsf iu fhe least dFUrrf
in tF effort % end these HuruhInAtlous
which are to-day monorsiElug the cora.
wrrrr &C llir caunrrN. that where 30 az.
PEARS that fEa acquisition and concgn.
Uaflun ~ property 40 60 the extent a
creating O. monopoly % Substantially aut
directly restraints Interstate rantnCr-e
lf la NOT tEr intention 20 the government
Z 60 permit this monopoly 90 exist gndvl
I federal Incorporation or 90 transfer "a
] fhe prUfgaauU wins " fhF federal gov
I erurncu ~ q state corporation now vtn-
latlnc the sherman ACT Hut "a So not
l and should not De-. thH policy o. the Eug,
eminent 90 prevent reasonable cancgn.
trauun ~ capital which ts necessary Ga
the vcunufulc development % nAuufAc,
ture, trade ard