Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-05-17
THE GOVERNING
Of CORPORATIONS
WILSON GIVES LENGTHY DTSSER
TATION ON THEIR CONTROL
NOT MADE BY COD: BUT MAN
tnlitlcs--IOlltlcs Should Change
Win the Order Of business.

By Associated Press
Berkeley, CAM, May lG-Goyornor
WoodruW Wilson Of New Jersey de-
. lyrrod the annual address to the
Phi Beta Cnppa NJ the University
Of California this afternoon He spoke
In the Greek Theatre before large
audience Ills address dealt with cor
poratius and their control,
In part he said,
eve are no longer afraid Of our
corporations as we used to be- be.
cause we are beginning 10 understand
iuH what they are, and, to some eX
tent at any rate, Just how they can
bee controlled and made to serve the
purposes Of our life without govern
time when our feeling about them
was almost one OF panic We had
undoubtedly ourselves created them.
There was no disputlug the fact that
they were our creatures made 10y laws
which we ourselves had enacted and
had supposed wo understood; nut we
stood amazed at the work Of our own
hands, and not only amazed, but awed
and frightened. II IS not little anus
M ag we look boclt upou our one.
time state Of mind IN this matter; be.
cause having created tho corporations
We onu certainly alter them if we
please. and control them I'm any way
that we choose Thcy are not actual
persons We made them-God did not
and we can alter the work Of our own
hands ae we WIN.
''fThr trouble with tho corporatiou
is that II is an invention. II is not n
moral unit. as a person ls A pcrson
has n definite caIculanIo character
His nclphhors and asgociates at any
rotc. know what kind of a man he Is
They know thc motives that govern
him. and tho Influences that will con.
tro. him. They know how he can ho
restrained low opIpiou ana punishcd bv
law But n corporation cscapes these
measures and restraints. II liz not
.anybodv In particular. It's very actions
are often. If Won look into them lust
n series OF moral compronises made
nm Of as mucb of the varied iulg
nents of different neopIe as can he
put 'osetner IN one determination OF
hcu"h' lher''"re the ancient com
p'"lht 'hat corporation mas no po"S
/" be kicked or so"l 10 ne uahlheu.
Nelth'r Is tne corporatl"h socla'
unit ih"se VINO hoId ItH STOCK are
E'herhlIy scattered throNBh score OF
communities ana those VINO manage
II are otteh' hkewise' residents OF an
lerent parts OF the country afiecteo
o\ dIiIereht bodies oi oplhl"h' gov
erhed by dlIterent motives ana en-
llr"hH'htH ana $" ~ haru L"
hrlnR TO pear upon corporation the
Judgment OF any community or OF any
state eNeh' " ~ aeVl'e TOT coIhp'h
lnF very large variety or persons
ana ott'h large variety OF inter
es's, over inc space OF many Varleu
sections oi the country
Most corporations are j"'nt stock
companies NOT JOINT STOCK com
I"nY Ects us money py Ih'"W'hE out
q dragnct tor the savings or earnings
or lndlNduaIs IN al parts OF the coun
Try. II offers It's STOCK i"r SAFE, IL
does not care VINO huNs lhe sto'k'
Nhat u Wlshes II I" sen II ana se'
WhHt II iet'hes ana put the proceeds
or many safes IN common i"ho'
which ls to he It's capital ana means
of doing business Its s'ockholderS
i've mere mere ana ''ery"h're.