Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1914-01-20
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in aid Of courts but also by indcpend-
cut suggestion. 10 necessary.
"luasmuch as our object and the
spirit uf cur action iu these matters
SIS 40 meet business half WA no is
Processes OF scltscorrection- and dN-
mrb its legitimate course as little as
possible. we ought Go see Co % and the
Judgment of practical and saeacious
mon Of affairs everywhere would APP
plaud as " we ala see 20 90. that pen
ulties aud punishmeuts should fan,
not on business itself, 20 its confusion
an interruption. but on the indi-
Vlduals who use the instrumcntallt as
uf business 90 do things which public
policy and sound business practice
condemn Every act of business is
done with the commnnG ar on tho
initiative of some usccrtaiuahle per
son co. group of persons These
should Doe held individually RESPONSE
bile and the punishment should fail on
them. not on the business organiza-
tion of which they made illegal use.
II should be one OF the main objects
of our legislation % diyest such por-
sons OF their corporate cloak and deal
with Them as with those who DO not
represent their corporations, but
merely hv deliberate intention break
the law. The business men the conn
try through would. I am sure, app
plaud us o. we were 10 take onectual
stops Go see that the officers and d.
roctIrs OF great business bodies were
prevented frosn bringing them and
The business OF the country into dis
rcputc and danger
"Othcr questions remain which viii
need very thoughtful and practical
treatment Enterprises. in these mod
orn days Of great individual fortunes
AFRO Oftcntlmos interlockod, not by be-
ing under the control oi the same 90.
rcCtors, but by the fact that the great
er part oi their corporate stock ~
owned by single person 0r group al
persons VINO are in some way init
mutely related in interest. We are
ugreod. 1 take h.. that holding COM
panles should be- prohibited, but what
/ uf the controlling private ownership
of individuals or actually cooperative
groups Of individuals shall the pri'
waite owners OF capital stock be- sui.
/ tered 10 bee themselves in effect hold
Ing companies We don't WISH
| suppose. Go forbid the purchase o
/ stocks by any person who pieases "a
buy them ln such quantities as Dee cai
/ AFFORD, or Ia any way arbitrarily q
| limit the sale OF stocks 90 bonand'
/ purchasers. Shall we require th'
owners Of stock. when lhcir votini
power Ia several companies which
ought 90 Zoe independents of ono AN
other would constitute actual contro
60 make election Ia which Of then
ihoy win exercise their right to vote
This question ] venture Tor your con
sidcfation.
There D. another matter In which
imperative consideration at iuslic
aud fair play suggest thoughtful rem
cdial action. Not only do many %
tho combinations effected or sough
90 be- Effected in ihe industrial worll
work an injustice on Tie public N
general. ihey also decry and seriousl
niure the Individuals who are pui ou
of business IN one unfair way or an
other by the many dlslodging and ex
terminating forces ~ combinations.
hope that we shall agroe Ia Eiyinl
| private individuals who claim 90 have
been injured BIZ those processes th'
right a. found their suits for redress
on the facts und judgments prove'
and entered Ia suits by the govern
meui where the government has ol
iiia own lnlliallfe auca TN comuAna