The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-01-24

roceSses OF SCI. preston aud dla.
uro iis legitimate course as little as
cssit,e, NC cushs TO $50 TO 1t, ard
he jnd .slaent OF practical AMI sagec
'G5 men Of affairs everywhere wssu-c
-rpiard US il we did see to it, that
ona ties and run;sbmaats sk5l,d
all. not en- lCsiness isself, 20 lis cen
usiCn a-d Interruption. but ca the
Individuals who use the Instrumental
ties of business to do things which
quhlic policy and sound business
practice condemn. Every ect Of bust
ness is done at the command or n
| he initiative OF some aseertain1hld 4
person or group OF persons. These I
| should be held individually resDon /
sible and the punishment should fali /
ON them. not On the business organi, /
zaticn of which they made Illegal Use, /
| It should be enc OF the main objects 4
Of cur legislation 20 diyest such per
sens OF their corporate cloak and deal /
with them as with these who do not /
represent their corporations, bus |
merely by deliberate intention break 4
the law The business men the coUn
try througt wcuid, | am sure, APP
plaud us ii We were to take effectual
steps to see that the officers and di-
rectors of great business bodies were
prevented from bringing them AID
the business of the country into dis.
repute ana danger
To Prohibit fielding Companies.
Other questions remain which VIII
need very thoughtful and practical
treatment. Enter prises, In these
modern days OF great individual fer
tunes. are oftentimes interlocked not
by beng under the control of the
same directors, but by the fact tina;
he greater part CT their corporate
stock is owned by single person CT
i,roup of persons who are In some
way intimately related in interest
We are agreed, | take it, that hold,
ing companies should be prohibited
but what OF controlling private own
erShip OF individuals or actually CO
operative groups of individuals?
Shall the private owners OF capital
stock be suffered TO be themselves IN
effect holding company? We don't
wish, ! suppose, 10 forbid the pur
chase of stocks by the holding COM
panies? We don't wish, ! suppose,
to forbid the purchase Of stocks by
any person who plcasas to buy them
in such quantities as he can afford,
/
sale Of stocks to bona fide purchas.
ers. Shall we REQUIRE the owners of
stock, when their voting power in
several companies which ought to BIS
, independent of one another would
constitute actual control, to make
election in which OF them they will
exercise their right to vote? This
question l venture for your consid-
Grafton
!, Addition to Constitution.
, There is another matter impera-
. tive considerations of justice and fair
. play suggest thoughtful remedial ac-
: ton. Not only 20 many ct the com
= binations expected or sought to be
. perfected in the industrial world
. work an injustice on The public in
/ general; they also direcGly and seri-
: cusly injure the individuals who are
: PUT out OF business in enc unfair wey
1 q another by the many GislodGing
:. and exterminating fcrccs Of coEiDin-
/ alton. hcpe that we shall agree in
i. giving private individuals who claim
Il to have been injured by these prQ-
= Cesses the right to found their suits
. Tor redress on the facts and judg-
q 4lents proved and entered in suits by
Y the government where the govern
{ nent has On its own initiative sued
o the combinations complained OF and
}, won its suit and that the statute of
,2 li2nita gions shall b9 suffered to run
D. against such litigaGts only on the
date OF the conclusion OF the gov
ernment's action. It is not fair that
:, the private litigant should be obiig
. ed to set UP and establish again the
!, facts which the government hes
- proved. He cannot afford, he has
:. not The power to make use OF such
n9 processes Of inquiry as the govern
= ment has command Of Thus shall
= individual justice be done while the
. processes CT business ere rectiie6
- and squared with the general con
% science?
~ Il have laid the case before you
70 no doubt as it lies IN your mind as
- it lies in the thought OF the country
"a What must every candid man say O
+ The suggestions | have laid before
n ECU, OF the plain obligations OF whicl
j. have reminded you? That thest
- are new things for which the ccun
be try is not prepared? NO, but the,
a. are old things, law familiar, an,
m must Of course, . undertaken if W
hs are to square eur laws with tn
AZ thought and desire of the country
Until these things are done, cor
he seientieus bus:ness men the countr
ar over will be unsatisfled. They ar
in IN these things Cur mentors and co
nj oaCues. We ate now about to writ
"a he additional articles Of cur const
on ,ution OF peace the peace that
Is honor and freedom and prosperity"
III
Death Summons Lord strathcona.