Evening star., 1911-08-29
FOR STATE CONTROL
E. H. Farrar Opposes Federal
Corporation Supervision.
SCORES JUDICIARY RECALL
American Bar Association Head Saws
People Alone Can Remedy
Conditions.

BOSTON, August 29-Many of the
brightest lights OF the bar gathered In
Huntington hall this forenoon to listen
to the opening address OF President Ed
gar II. Farrar Of Louisiana. and the an
nual reports OF the officers OF the Amer
lean Bar Association, which began its
thirtyfourth annual meeting today.
Next in importance to the presidents 8
address for the first session was the
election of the general council.
The reports OF the standing commit
tees and the discussion OF the numerous
recommendations will be taken up this
evening and continued at tomorrow's
meeting.
Uniform state laws governing corpora
tions, rather than federal corporation
control, were advocated by President
Farrar in his address. Mr.. Farrar de-
nounced In vigorous terms the proposi-
ton for the recall Of Judges by popular
vote and the idea Of federal commits
sion to fix the prices Of merchandise. He
favored the limiting Of the capital stock
OF national banks and the prohibiting of
consolidation of such banks or Of their
control by any corporation.
Removal Now Provided For.
Regarding the proposed recall Of Judges,
Mr.. Farrar said:
II the judiciary OF this country were
In any material part corrupt, or II there
were In our system Of law no effective
means to remove corrupt or ignorant
judges, or If the means provided had been
appealed to in vain and could not be
made operative, then there might be some
excuse for revolutionary measure OF
tnis character. But none of these things
Is true. The constitutions Of the states
provide the most ample machinery for
out Of Office or by impeachment
The proposed measure is an attempt
to destroy the Independence OF the Judi
ciary without which true liberty-the lib
erty which is regulated by law, enforced
with reason and deliberation - cannot
passions Of the 1nob.''
The speaker gave a review OF the cor
poration laws of the various states, in an
endeavor to show that the people them
selves are responsible for the conditions
OF which they now complain.
The great American national dis
grace" the speaker went on. rs found
In the issuance OF fictitious or watereu
stock This is made possible by the cor
poration laws which provide no govern
mental supervision over the organization
of corporations, which require no part of
the capital stock to be paid in money,
and which permit the issuance of stock
at the pleasure of the organizers and di-
rectors for property, labor and services
at such valuations as they may choose to
place on them.
Remedy In Hands Of People.
THE lax corporation laws give rise to
a host OF fraudulent corporations which
are exploited through the mails and the
various advertising media
ITO my mind the most vicious Of all the
provisions In the statutes above emu
merated is that authorizing one corpora
ton to own and vote stock in another.
This provision is the mother of the mold
Ing company and the trust. It provides
q method for combining under one man.
agement and control corporations from
one end OF the nation to the other.
"Is there remedy for all these evils
Manifestly. there Is. Concerted action
among the states will end all the trou-
Bile. II every state in the Union will
purge its corporation laws Of all objec-
tionable features, then the breeding p.aces
of industrial monstrosities are destroyed.
TN the absence Of a hotbed in which
to grow these vicious forms there is alb
solutely no need for the exercise Of any
regulative federal action, further than to
tween otherwise unobjectionable corpora
tions in interstate and foreign commerce.
THAT the remedy for the corporation
debauch from which the people Of the
states are now awakening lies in their