The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-01-21

business Of the country into disre-
nute and danger
n.her questions remain which will
reed very thoughtful and practical
Treatment. Enterprises, in these
modern days Of great individual for
tunes, are oftentimes interlocked,
not only by being under the control
OF the same directors, but by the fact
that That tii1 greater part vi tin-iiI cvTpu-
rate stock is owned by single per
Hoa or group Of persons who arc in
come way intimately relr ted in in
fetest. We are agreed, take it,,
that holding companies shOuld be
prohibited, but what OF the control
Ing private ownership of individual.
or actually cooperative groups of in
diYiduals? Shall the privatc owners
of capital stock be suffered 10 be
themselves in effect holding compa-
nies? We do not wish, ] suppose
TO forbid the purchase of stocks by
any person VINO pleases 10 buy them
IN Quantities as he can afford, or an
any way arbitrarily to limit the sale
OF stock to bona fide purchasers.
Shall we require .thc. owners of
stock, when their voting power in
several companies which ought TO be
Independent of one another would
constitute actual control, to maze
election in which Of them they will
exercise their right to vote? This
question | venture for your consid-
eration.
There is another mater in which
imperative considerations Of Justice
md fairplay suggest thoughtful
remedial action. Not only do many
II the combinations effected or
sought to be effected in the industrial
fVolid work an injustice upon the
public in general; they also directly
ard seriously injure the individuals
Tno are put out of business in one
UNFAIR way or another by the many
'iislodginS and exterminating forces
OF combination. hope chat we shall
agree in giving private individuals
Rho claim TO have been injured bv
tHesc processes the right to found
theif suits for redress upon tiIe facts
an judgments proved eId entered
" SuitS ey the government where the
government has upon its own ipitia-
live sued the Combinations cor.
piained of and won its suit. and tba,
the statute OF limitations shall Sr
5uttered to run against such Iititants
only from the date of the conclusjon
OF the. Government's action. II ia
not fair that the private litieant
mould be obliged to set up and esfab.
.'sh agai!: t!::SS fs5t fats % which the NV
eminent has proved. He can not af.
,ord, he has not the power, to mako
use OF such processes Of inoni-v nc
ne government has command Of
fhus shall individual justice be done
while the processes OF busineas AFRO
recnfed and squared with the GEN
sra' conscience.
have laid the ease before Won ,o
DOUBT as It lies in your own mind sc
lies IN the thought Of the country
Whnt must every candid man snv If
me suggestions I have laid before
you. or thesplHin obligations OF which
nave reminded yotf? That these
are new things for whicN ihe cor, CON-
t5y is not 2ptepAredf NoeIbut tho,
they are the 6IH thfHFd. fiStv' fas,,il MI :
3ar, and must ol course e 5ndar.
sEken if we areifotlBqaars our laws
with the thought! snd dtiesire. of tbn
ccuntrys5 UntilpG these things me-
Done, conscientious business men tbe
country over viii be 'unsatief;a5
Ihey are III these things our mcttors
and colleagues. We are now abort
70 write the additional articles of M,
constitution of Fsaee, the peace tbat
. Hohof and freedom and prosperity,