The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1912-04-07

I chinery Of our courts. The whole PEG
pie are entitled to the benefits which
accrue from the labor of these prison
ers, and their efforts should go toward
the permanent enrichment OF all mem
bers Of our social Organization. TIC
give the whole people the benefit OF
the convict's labor, he should be
worked in the construction of high
ways of permanent value to the
present and future generations. Sur
rounded by clean environments and
conscious OF just and humane treat
uent, the convict may be turned back
to society chaStened and resolved to
better conduct
Third-lnitiatiVe, Referendum and Re-
cell.
To re-establish the rule Of the peo-
pie and to meet conditions that con-
front us today, am in favor of the
initiative, referendum and recall The
initiative means that the people shall
by petition or otherwise. make their
desires known to their lawnlakfng
bodies. The referendum means that
all laws passed by lawmaking bodies
shall be referred direct to the people
before they become operative At an
election called for that purpose, the
people can vote for or against laws
passed by their representatives. and a
majority vote for or against a Law
adopts it or rejects it. The recall
means that at any election, special or
regular, the people may by ballot de-
termine whether or not a public ser
want whose term has not expired is
stin acceptable to them; and a ma
Jority vote for or against him deter
mines whether or not that servant
shall stay in office or be recalled.
The correct and corrective principles
embodied in the initiative. referendum
q n /. n
ana required under present conditions.
The operation Of the principle has
been tested in municipal systems with
gratifying results. The affairs of great
cities are administered in an effective
and economical manner. If the plan
works well in cities then II would
also be good for states where greater
Issues and larger responsibilities pend.
Fourth-Trusts.
favor additional laws for the con-
troll of trusts
A corporation cannot be tailed. but
its officers can II the laws are so for
mulated as to place private RESPONSE
plnty Tor corporate crimes. This
should be possible where wise laws
for the protection Of the people and
Independent interests are persistently-
and fiagTantly violated The made
quacy Of the national antitrust law
has been fully demonstrated. The
state may have recourse in the pass
age OF its own laws TO meet and cor
rect local abuses INDUCED in By DOW
erfui corporations.
Flfth-Corporatio Regulation,
There should be stringent laws gov
erning all corporations authorised TO
do business in Florida thus protect
ing purchasers Of securities offered by
such corporations
There should be created a board Of
examiners under whose closest scru-
tiny all new corporations, and those
OF other states entering Florida. should
pass before they are permitted to offer
dollars worth of stock for sale. II
round satisfactory. a license setting
this forth should he issued: II not. the
sale or such stocks should be pro-
hibited by law. But the state should
not stop with passing its approval
upon new corporation as meritorious.
II should regularly go into and in
spect the affairs Of the CORPORA ton
which It charters IN Just the manner
in which IL watches and insuects state
banks. When two or three men are
banded together for the purpose OF
doing business as partners they are
held, under our laws. as individually
and Jointly responsible Tor their obIi-
cations. When they are INCORPORATED.
individual responsibility ceases. There
fore, in granting this privilege the
state should have full control over the
actions and conduct Of CORPORATIONS
and especially those offering securities
on the market
Sixth-Land Companies.
. Florida, has suffered greatly through