Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-04-24
FINANCIAL PLAN
Of NOVEL SORT
Missourian Proposes Gen.
trail Holding Company for
AL Corporations

,p-cal 10 Daily Ne.s
ST. Louis uc.. april O.. a novel
plan for improving hfsiness coudi-
tions boz this country. which is at
|trectins the attention OF thinkine
men. has been proposed by Leoua,d
Matthews. millionaire banker
broker and business man &C 81 Louis
Matthews ,ieas are set forth IN a
series OF pamphlets. copies Of which
have been sent 90 President taft,
/ Theodore Roosevelt. members OF
/ CONGRESS Justices OF The United
states Supreme Court and other men
I nf prominence
Matthews declares in bis pduph.
| lets that the present condition of
things under which threc-fourihs Of
the wealth OF the country is owned
and controlled Ly less than one-teuth
Of the population Is wrong and de-
mards remedy Re proposes the alb
sorption OF all business corporations
| OF tho country In central. co-opera-
/ tive holding COMPANY owned by the
people and supervised by the Govern
mcnt which he says will give the
farmer and lahorer. the sources OF
all wealth. their iust return.
Matthews Is 80 years old and Is
still active in business. spending sew
eral hours every day In his downtown
offices he has been deep thinker
on business subjects and the plan
that he proposes rs the result Of deep
ponderinc on the best way TO bring
about q change without causing bpsi-
ness disaster iu etfectIng the trans
Iiiion Matthews has beautiful hon
LAT 5tt7 Cabanuo avenue and his FAM
Iily is prominent socially
Thinking men are beginning o.
realize that thor, must be- change
Tim conditions Matthews declares.
The kc,potc of tho plan suggest
is sensible cooperation for tho good
.of 900 lu the msf issue % the out.
look Theodore Roosevelt ad,o0ate'
operation am0ra the farmers Mr.
F Roosevelt state, BOO tho article that
boo Us essential 'o the NeIiar. 1t M,
farmer that hp take ADVANTAGE of q
cooperative plan Nr o. T. Noakrn
|of the Frisco railroad iu recent ar
r .ticls stated that small ao.orcratiy'
. companies have been suc.rssia ~
b Europe and predicted that lass-'
company of that nature win be- foru
od eventually In this country
The Central holding concern
which propose would call th'
Eota Company the name being th'
acrostic of the slogan. Equal Oppor
Itunities 10 An" which the compan,
would give. The concern would OF
crate In perpetuiIy under a Fedora
: charter with unlimited capital Stocb
could be owned by anyone who cared
10 buy H.
TO bring about the change from
the numerous corporations q; tn
, present 10 a single cooperative cor.
poration nay plan Is 10 have all cN.
isunr corporations and corporation,
which NAV be formed In the futur,
operate under n Federal charter. lir
litmc their capital and term OF exist
encc II also provides that Ia pc.
cent per annum be set aside for q
sinking fund from which the stock.
holders are 20 be- reimbursed ar pa
az the expiration of tn term OF exist
cncc when the corporations VII b'
j taken over boy the Eota Company
Twenty-Five years would be- ! rca
sonable time in which this could b,
brought about and which would allow
sufficient time FOR corporations Il
b accumulate enough 10 reimburse theil
, stockholders and permit the eypira
: ton and adjustment OF an cutstand
ing Obligations such as leases an
bonds. Another safeguard would b,
10 make all stock held hy any on
{ person In any corporation. includin0
the Eota COMPANY, above $4,000
subject to call at par Prices. sala
, ries Of officials. wages, insurance
premiums. freight rates and s9cl
things would be- regulated by a Fed
eral Commission.
The Eota Company should MOI h
permitted TO pay dividends IN oNces
] OF six per cent The proceeds eve
n that amount could be used 20 ua
70 state and national taxes build road.
- drain sWamps, make rivers naVi1all
j. construct museums, 2oolo-ical gar
j. deus and other means of enlighteu
2. ing and improving the minds n IN
- people. The economical conduct q
v the business of the Eota Ccmpan
c would permit the payment of hig
, wages and reduce the retail price q
n the necessities Of life from one-tnir
to one-half Thus the cost Of Twin
would be reduced, the huving powo
Of money enhanced and the cond
ton OF the people who perform m
ecessary labor would be improved