The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1914-01-29

PioSSsSSS VI ScAlCOFfecttOn J
turb it's legitimate course !.
possible, we ought to see !.
the judgment of practical -.
ious men of affairs everywh-j
applaud us II we did see y
penalties and punishment
fall, not on business itself Z
fusion and interruption ~
individuals who use the ins,.J
tiles of business to do thina|
public policy and sound
practice condemn. Every 81.
ness is done at the commss
the initiative of some 49,
person or group of persons
should be held indivIdnaIIs
sible and the punishn est *
on them, not on the hasiuas.|
cation Of which they made ma
II should be one of the msss
Of our legislation to divesf \
sons of their corporate cloak 4
with them as with those w.
represent their corporasior|
merely by deliberate intentis1
the law. The business men \.
try through would, | am u
plaud us if we were to take \
steps to see that the Officer.
rectors of great business Mad
prevented from bringing ths|
the business of the country Il
repute and danger.
To Prohibit Holding Conn!
Other questions remain WI
need very thoughtful and 4
treatment. Enterprises. III
modern days of great individ'
tunes, are oftentimes interloej
by being under the control
same directors, but by the n
the greater part of their N
stock is owned by a single NJ
group of persons who are h
way intimately related in h
we are agreed, ! take it, IN
ing companies should be M
but what of controlling priyal
ership Of individuals or actul
operative groups of indil
Shall the private owners Fl
stock be suffered to be thems.
effect holding company? WI
wish, l suppose, to forbid N
chase of stocks by the holdirI
panies? We don't wish. / 4
to forbid the purchase Of sto
any person who pleases to bua
In such quantities as he can
or in any way arbitrarily to ri
sale OF stocks to bona fide "A
ers. Shall we require the owl
stock, when their voting Dow
several companies which oush
independent OF one another
constitute actual control, to
election in which of them thl
their right to vote?
question l venture for your
grafton.
Addition to Constitution
There is another matter
i've considerations of justice a
play suggest thoughtful remet
ion. Not only 20 many of III
expected or sought
perfected in the industrial
work an injustice on the pu,
general; they also directly an'
,usly injure the individuals VI
'ut out of business in one unfs
u another by the many dis
md discriminating forces Of 4
Ition. / hope that we shall Al
giving private individuals who
o have been injured by the
'esses the right to found thei
or redress on the facts and
nents proved and entered in s
the government where the I
nent has on its own initiativ
he combinations complained 4
Won its suit and that the sta
limitations shall be suffered +
against such litigants only I
late of the conclusion of the
rnment's action. 1t is not faI
he private litigant should be
ID to set up and establish aga
acts which the GOVERNED
'roved. He cannot afford,
lot the power to make use q
rocesses of inquiry as the
1ent has command of. ThuS
Individual justice be done VII
rocesses of business are \
nd squared with the genera
cience?
Il have laid the case befor
o doubt as it lies in your m
lies in the thought of the Q
What must every candid man 4
he suggestions | have laid +
GU. of the plain obligations Of
have reminded you? That
re new things for which the
ry is not prepared? No, BY
re old things, aow familiar
lust. of course. he undertakeu
re to square our laws wit
bought and desire of the
NTH these things are done
cientious business men the
yer will be unsatisfied. The
a these things our mentors q
sagues. We are now about a
he additional articles of our &
ntion OF peace, the peace I
onor and freedom and prospes