The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1911-01-18
WOODROW WILSON DECLARES
FOR MORE STRINGENT IIKs
tcOurnusa IRON Page ore,

poeslble. They were framed for an
o,her age which nobo1y noE living
remembers. which is. Indeed % re-
rnote from our life that Il would be
dmcult for many u us 70 understand
hnf we're described 70 uE-
we call these questions d en-
yloyers liability and Eorkingmens
compensation, but these terms Do not
suggest quite the whole natter There
d sonethlng yery new. very big and
very complex about these new relz-
tlons o. capital and labor. 4 HeE
eeonomic society has sprung -. and
We must effect a new set d adjust.
ments. We must not pit power against
weakness. TIE employer is generally,
in our day a powerful. group Of In.
diyiduzls. and the Eorkingman is stIil
under our existing law, an individual
when dealing with bis empioyer, il
case Of accident, for example. or Of
loss. or Of illness ss well ss in every
contractusl relationship. We must
have Workingman's compensation
aet which viii not pat upon him the
burden Of fighting powerful composite
employers 70 obtain bls rights, but
which will give him his rights without
suit, directly. and without contest. By
automatic operation Of law, as If Of a
law Of insurance.
This IL the first adjustment need
ed, because Il affects the rights, the
happiness, the lives and fortunes Of
the greatest number. and because II
il the adjustment for which justice
cries loudest
We are much too free With grants
Of charters TO corporations in New
Jergey. A corporation exists only BY
license Of Law. and the law is respons-
ible for what 1t created. It can never
rightly authorize any kind Of fraud or
imposition. II cannot righteously al
low the setting up Of a business which
has no sound basis or which follows
methods which in any way outrage
justice or fair dealing or the princl.
pies Of honest Industry The Law can
not give It's license TO things Of that
kind. It thereby authentieates what
II ought to forbid
4 would urge the imperative obliga
tlon Of public policy and public hon
esty we are under 10 effect such
changes in the Law Of the state as VIII
henceforth effectually prevent the
abuse OF the privilege Of incorporation
which has In recent years brought 50
much discredIt upon our state II will
be necessary TO regulate and restrict
the issue Of securities, enforce regu
Iations with regard to bona fide capl
tai. examine very vigorously the basis
OF capitalization, and 10 prescribe
methods by which the public may bt
safeguarded against fraud, deception
extortion and every abuse of its con
fidence.
such scrutiny and regulation ought
not to be confined TO corporations seek
ing charters. They ought also TO be
extended TO corporations already oper
ating under the license and authority
of the state"
The power to originate and conduct
Investigations OF public service cor
poratIons, regulate the rate and ad
just the service Of such corporations
operating within the state, should be
bestowed upon the New Jersey public
utilities commission, theh governor dc
clares. Were the commission clothed
with much power. the governor says
their rulings would serve to estab
lish definitely debatable values upor
which many questions Of taxation turn
The whole system OF taxation" Gov
ernor Wilson asserts. is no system al
all. and needs oyerhauling from tor
10 bottom
The conservation OF natural re
sources within the state is strongl,
urged
One of the greatest needs, Cover