The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-10-21
INTERNATIONAL. COMBINATIONS

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The tendency of business to assume
international form has been exemph-
fled iu the international Steel Combine
engineered by Mr.. Gary. That combine
is in such complete working order that
the British members of 1T are out III
an open boycott against all rivals la
Great Britain, openly offering rebates
to those who will buy of the combine
and desert the independent manufac.
turers These independents viii no
doubt be crushed, or will he coerced
into joining the combine, and then the
complete working Of the International
Steel Combine will be shown. Each
country's Steel Combine will have its
allotted markets, the prices Will be
regulated, not by the cost Of produe.
tiou, and least of all by competition,
but by ''what the traffic will bear:'
and in no part of the world Will there
be any opportunity to obtain steel OF
any kind except at the trust prices.
The extension of the insurance busi-
ness TO other lands by American in
surance companies, which are the most
enterprisipg in the world, has been
noted for number Of years past. The
inevitable result of such extension is,
to create International relations in the
insurance business, in which the In.
ternational form and methods will be
observed, not in violation OF any local
statutes, of course, but the effort will
be to have the local statutes and regu-
lations conform to the regulations OF
the company. A dispatch in The Trib'
une yesterday morning showed the
coalition of "The international Casu.
atty and Surety Underwriters Asso-
ciation, which embraces practically
''all the liability insurance companies
of this country and Europe In the one
organization, The coalition Is made
complete. and the purpose OF it is de
family stated to be, "to combat the
| agitation to have liability insurance
handled by State governments, The
higher rates recently fixed were ex'
cuscd by stating that they are made
necessary by the employers liability
| iaN' hh' tbht tucN "OVlu uC Hdlu'
taiDcd.
Undoubtedly the preference expressed
from time TO time by managers of the
insurance companies, that they would
rather have National than State incor
poration, and National rather than
State regulation, is based upon the
same idea as that which has brought
about the coalition described. And, ST
far as the United States is concerned
we have been, and are, inclined to the
opinion that 1T would be better for the
people if all of the insurance companie!
were made National rather than State
That would provide stable, settled
form of organization, of procedure, anC
of regulation. 1t would provide
straightforward, open form of policy
IN which the assured would exactl,
know his rights. and the liabiIitie.
which the insuring company assumed il
his behalf. We believe it would be
very long step in advance If all Of ou
insurance companies could be iucor
porated Nationally, and regulated un
de, the laws of Congress,
The tendency, as we have noted TO
years, of all business is to combine
and since the legislation repressing cor
porations has been enacted by Congress
the tendency toward international cor
poration has been vastly. accelerated. |
is now practical fact in quite mum
ber OF great corporations, and that viii
undoubtedly be largely extended from
time to time, 1t is the only way tha
business sees TO protect itself from hos
tile legislatlon, and il is the mean
that the National paper trust of th
United Stataes took 10 guarantee itsel
against harm from the supposed as
sured ratification by CANADA of tn,
reciprocity agreement If that agree
ment had been ratified, there woul.
have been. ns The Tribune pointed oil
right along, continuation Of the su
prcmacy of the American paper trust
by reason of its Canadian alliances, An,
the users Of paper would have receive,
no relief,