Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1914-01-22

for tho facts by which both the public
mind and The managers of great buslnc SIS
UNDERTAKINGS should be guided. and as an
inStrutnentalitv Tor doing justice to bust
meas, whore the processes of the courts
or tho naturs forces of correction out
side the courts are inadequate to adjust
the remedy to tho wrong in O way that
will meet al thu equities and circun-
stances Of the case.
producing industries, Tor Example
which have passed the point up to which
combination may he consistent with the
public interest and tho freedom OF trade
cannot always he dissccted into their
component units a. readily ae railroad
companies or similar organizations can
be. Their dissolution by ordinary legal
proces. may oftentimcs involve fuancinl
consequence. lkelv 60 over rhelm the Sc
curty market and bring upon Il break
down and confusion. There ought to be
an administrative commission capable Of
directing and shaping such corrective
processes. not only in aid OF the courts
but also by independent suggestion If
necessary.
TO CONE IAL.F WAN.s
'inasmuch a. our object and ti- spilit
of our action in these matters is TO inect
business half way in it's proccsse. OF SELF
correction and disturb its legitimate
course as little q. possible ought to
80. 10 II, and the Judgment Of practical
and sasacious men TO affairs everywhere
would applaud us II We did to it.
! that penalties ana punishments should
| fall not upon business itself, to its con-
! fusion and interruption, but upon the in
| dividuals who us. the instrunertalities
| 81 business to do thing. which public
! policy and sound business practice con-
| denim. Every act Of business i. done at
| the command or upon the initiative OF
some asccrtainable person or group Of
persons. These should he held Individual
| ~ responsible and the punishment should
| fall upon them, not upon the business
| organization of which they make Illegal
I use 1t should ne one Of the main OBJ
| iects OF our legislation TO divest such
| persons Of their corporate cloak and dea!
| with them with those who do not
| represent their corporations, but merely
| by deliberat. mention break the law.
! Busines, men the country through would,
| am sure. applaud lis u wrre to
take effectusi steps to So that the Of
| ncers and directors Of great bushes.
! bodies were prevented from brinSin-
! them and the business of the country in
to disrepute and dans"r
Other questions remain which Will
need very thoughtful and practical treat
ment. Enterprises, in these modern days
OF great individual fortunes, are often
time. interlocked, not by being under the
o"''V, ..o,. cor.
.''a. :. ,',.d ~. si,,la nerson
-. ..ho ava ~ some wa =
5000 g., ,nter.., We arc
. ,b., ,oldir, nnanios
a,,,1 ..ot,u,,t.d ,,,,t ,,b,, ~ tbo con-
,,,,,, :,. ,,,,orsrj, of individuals
or aa,,,aI,,. .o.on.rativc urouns Of inl'-
,.;d,,,,o shou tho ,,,ivats Owners ~ can
go, .,oo,, no susorod IA ne themselves in
.~oct ho,dirr comnanics, VIC do not
u;.b s,nno.a IA forbid the purchase OF
stocks NV any person who pleases 10 buy
then, in such ousntities as he can afford,
or in anv WAY arbitrarily to limit the 81 IL
OF stocEs ia bona hde purchasers. Shall
we REQUIRE The owner. Of stock when
their voting power in several companies
which ought to be independents Of one
another would constitute actual control
70 make election in which % them they
will exercise their right TO vote? This
question venture FOR your consideration
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