The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1910-01-14
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sfn eonsidsrins Violations q ths aati-
e 9ss " III ~ bs sssshs g So1rss rot
methods q carrying On 61sinSss Whie8
deeos g sasinsss sssssitx end speess
not becalae .ot their intrtnsic inmoral-
suits toward which they tended. the con-
hands Of the lew. leading S to oppr -.
sion and injustice. In dealing, therefore,
with many Of the men who have used
for the purpose Of maintaining profit
change by them in the " method Of do
back into the zone Of iawfulness, without
losing to the country the economy Of
management by which,, IN our domestic
materially iessened, and in competition
with foreign manufacturers our foreign
trade has been greatly increased.
Asks National Corporation Law.
81 therefore recommend the enactment
by congress Of q general law providing
for the formation. Of corporations to en-
states and with foreign nations. protect
ing them from undue interference by the
states and regulating their activities 80
tional auspices, Of those abuses which
have arisen under state control Such q
law should provide for the issue of stock
only to the cash paid in on the stock:
and IL the stock be issued for property.
then at fair valuation ascertained un.
ftee ana fF and
closure Of all the facts pertaining to the
value Of such property and the interest
Of to the Issue Stock t. IN It
and personal property only Of such cor
pY tho to she wn bsh
be situated upon other similar property
located therein. and It should require
such corporations to file full and COM
department Of commerce and labor. at
regular intervals. Corporations organised
under this act should sbe prohibited from
porations Except for special reasons upon
approval by the proper federal author
ity2, thus avoiding the creation. under
with subordinate corporations in different
states which has been such an effective
agency in the creation Of the great trusts
and monopolies.
state Laws Conflict.
IT the prohibition Of the antitrust act
is to be effectively enforced. it is essen;
tial that the national government shall
provide for the creation Of national cor
ness throughout the United States. The
conflicting laws of the different states Of
the union with respect to foreign CORPORA
for one corporation to comply with their
requirements SO as to carry on business
in q number Of different states.
federal incorporation for Industrial COM
binations is intended to furnish them q
refuge in which to continue industrial
Be sd that e
plated does not repeal the Sherman anti
trust law and Is not to be framed SO as
but only to foster continuance and ad-
vance Of the highest Industrial efficiency
without permitting industrial abuses.
Such a national incorporation law will
that trusts should be completely broken
up and their property destroyed: It will
be opposed. second, by those who doubt
corporation and even Il it is valid ah object
to 1t as too great federal Capitalization.
It will be opposed. third. by those who
poration like this viii not attract i to its
assistance the worst of the offenders
against the antitrust statute and who
tenn Of compulsory licenses for ali feder-
al corporations engaged in, interstate
their order. The government is now try
ing to dissolve some of these combina-
lions and it is not the intention Of the
government to desist in the least degree
in it's effort to end these combinations
which are to-day monopolizing the COM
pears that the acquisition and concer-
tration Of property go to the extent Of
creating monopoly Of substantially and
it is not the Intention Of the government
to permit this monopoly to exist under
federal Incorporation or to transfer to
the protecting wing Of the federal gov
lating the Sherman act. But It is not,
and should not be. the policy Of the gov
eminent to prevent reasonable concen-
the economic development Of manufac-