Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-08-12
FAvORs FEDERAL REGISTRATION
ALI Facts as to Stocks, Wages and
Prices to Be Published.
HE DENIES HARVESTER STORY
Says Steel Combine Paid No Rebates
to Other Corporation.
GENERAL INQUIRY PROBABLE
Littletsn Announces Resolution VIII
BE Introduced for General In-
vestisntion OF the Indus
trial situation.

WASHINGTON, Aug. u.-George w.
Perkins, the New York financier, suggested
to the house steel corporation committee
Of inquiry today that government com
mission which would insure focusing the
limelight of publicity on the business af-
fairs of great corporations would do much
to eradicate present-day trust evils and
preserve their virtues.
Following Mr. Perkins suggestion Rep
resentative Littleton of New York an
nounced that a resolution soon would be
introduced in congress providing for a
thorough investigation of the industrial
situation of the country.
II am advised" said Mr. Littleton, that
there is to be thorough inquiry into all
the commercial ills of the nation and that
a conference will be called to determine
the problems of how to deal with the in
dustrial situation in America 1t is a prof.
ect that will involve a most drastic in
~vestigation and bring together capital and
labor in an effort without bias to find out
just what should be done"
THAT is the best news I have heard
said Mr.. Perkins.
Mr.. Perkins had made his suggestion in
response 10 a question by Mr.. Bartlett.
Publicity II solution.
'T believe the mere question OF limelight
an important thing" said Mr.. Perkins.
The limSlight, firmly think, would eradi-
cato many OF our troubles. II we had a
law providing that a corporation engaging
In interstate business could register itself
with a bureau here in Washington, sub
nitting it's operations, its prices, it's bal
ance sheets, It's methods, its treatment OF
labor, etc., and that II these reports were
xaIlfl ha
OF the public In the securities Of that
corporation-the confidence OF the compet-
itor that he was being fairly treated. and
the confidence OF the consumer that he
was being fairly dealt with-I think that
very soon all corporations would register
| themselves, until we would have that kind
Of publicity which would go a long ways
to eradicate the evils of our great cor
porations and preserve the good that al
ready is self-evident In these corporal lions. -
Thrust at Bureau OF Corporations.
"Such q bureau or commission should
conduct it's affairs In the limelight" CON-
mented Representative Young. "and not
as some Of the bureaus of this government
are conducted. behind closed doors"
Members OF the committee and Mr..
Perkins applauded this suggestion. the ut
terance having been directed toward the
bureau OF corporations which has with
held information about the Steel trust from
the committee.
do you think" Representative Littleton
ton asked Mr.. Perkins, that it would be
possible in attempting TO cure these evils
to get uniform state action regarding In
corporation laws?'
II think that would be utterly impossible
at least within a reasonable time" Mr..
Perkins answered
DO you believe that the conference OF
governors recently inagurated. and called
to meet soon, could possibly, by persuasion,
bring about in the various states an initial
safeguard in incorporation laws9" Mr.. bit
tleton continued.
IT doubt it, though the conference OF
governors has done some very good work, +"
said MIR. Perkins.