The free lance. (Fredericksburg, Va.) 1885-1926, 1911-08-15
Perkins Wants Federal Reg
iStratiOn of Corporations.
BIG INDUSTRIAL PROBE NEXT
Littleton Says Resolution Will be
Introduced in Congress to In
vestiga.e Commercial Ills
Of the Nation.

Washington. Aug. 12.-George W.
Perkins. the New York hnanCier. sug
so ted to he Stanley steel trusi' IN
Vcsnration committee that a govern
men, commission. which would insure
focusing the limelight of public.ty on
/ the business affairs of great corpora
items. would do much to eradicate
pro sent day trust evils and preserve
their virtues.
Following Mr. Perkins suggestion,
Re- esentatiye Littlcton, of New
York. announced that a resolution
soon would be introduced in congress
providing for a thorough investigation
of the Industrial situation of the coun
Try.
j. am advised" said Mr. Littel'on.
that there is to be a thorough in
Qu'iy into all the commercial ills OF
IT, nation. and that a conference VIII
Dee called to determine the problem of
how to deal with the Industrial si,ua
tion in America.
IL is a project that will involve a
most Drastic investigation. ani bring
together capital and labor in an ci.
fort without bias. 10 find ont just
what should he done"
THAT is tie best news that have
heard" said Mr. Perkins.
Fer Bureau Of Registry.
Mr.. Perkins made his suggestion in
response TO a question 10y MIR. Bart
io't.
/ believe &c mere question OF lime
nrht an Important thing" said Mr.
Perkins The limelgh firmly think
v.g.d "isi.,.to many of our troubles.
"i4 $50 lAl a law providing that a
,nr. fra'..n engaged I'm Interstate bust
i..~ coull register itself with a bu-
,au .n Washington. submitting its
..r. ti.ns. It's prices. It's balance
.icse. Jas methods. its treatment OF
'.A,. etc.. and that If these reports
A.ro roio public. thus gaining the
.o-re.n.o .. a.. public in TIE securi-
.icsoi la.. r.iI. 20 ion the confidence
.f tlc .na iet..r tat he was being
airiy treated. ana tie confidence OF
DO consu..er that he was being fairly
deal; with 'h.nk that very soon all
corporations would rc-ister TEN
selves until we would have that kind
Of publicity which would go a long
way 10 eradicate the evils Of our great
corporations and preserve the good
that already is seiieyident In these
corporations"
"Suoh bureau or commission
should conduct its affairs in the lime
light" commented Representative
Young. "and not as some Of the bu'
reaus Of this government are con
Quoted behind closed doors"
Members Of the committee and Mr.
Perkins applauded this suggestion. the
uttorance being directed toward the
bureau of corporations, which la
Withheld information about the steel
trust from the committee.
10 you taink." Representative Lit
.lc'on aslcl SIR. Perkins, that II
would Do possible. in attempting to
cure these evils. to get uniform state
action regarding incorporation laws?'
"a think that would be utterly i'm
possible at least within a reasonable
fine." NJ. Perkins answc cd.
DO YOU know that the conference
If governors. recently inaugu.ated
and called to meet soon. could posi-
biz. 10y persuasion. bring abOH IN
the various states an initial safe
guard in Incorporation laws?" Little
on continued u doubt il, though
the conference of governors has done
some very good work. said Mr.. Per
l,ins.
After four days of grilling, Mr. Per.
l;lns was excused. having established
a record for length Of testimony. Oak.
leigh Thorne. president of the Trus
Company of America, followed him as
4 witness.