Newspapers / The Charlotte Observer (Charlotte, … / Jan. 16, 1911, edition 1 / Page 2
Part of The Charlotte Observer (Charlotte, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
;!: !* f- I 1 lii i>: ll^ 11- THE CHABLOTTE NEWS JANUARY 16. 1911 Report of Commission er.OJ Corpoiations _ _ j !'o r*'r>M'f of t’lo fomm!.-' i'T.'';' ''•?’ ;.Miy, hr ii:vostment. eaviiings, and* ' •• ■ •fiu.ioiirt t'cllowh’ hrrrwi;li; piorr^'. Mn:i . indi i)endcut oil con- ••• I’i I ' .iimrTi’o ami l.nSor, tcKti icd thnt all these publica- r.r.rpRK of (>’rporn : '•■■. ti • ’> a suhstantial iniprove- .V.-:.h f .tnr !;n; , iur:;t ir; fnc oonducr of t'.io petrole- ■iir- 'I'lir bui .'1 or r.it ; >»rp.'i >”s. I „,,j husiupss. In IJtOH oonjrress prac- ‘ ■'i''.- i( ^ •■ -ifMi urro-i 'I: ; ^1 rf >:•■»•- ^^, .■ k ; t 1 f>rripT M t!.: i: a ^ k: I . . ;i- ■! (■a:>' fi' ;n ; t'l It f.nrp.' i t”s. urro-i a ••> rf C'lf- ! ^ .'1! iV'-e c . ; iuj ; I- np: ■ - I 111. r ■I 1. ;v •\r ■ -w :)"k if) I'i-fH ( .1 lif.i A.;- t !ll. 1 f‘- p.1 -\v t'TI’ h;: V .1 ■ «triu*d ' P TVi tv. '1 l; rr- on r'- it'.. :i-\ VA'ilifll ■ r--'T!r i;- ' i-S ll.lVt' i;c:ilcd the I'ptaMafory duty id r;ov('nted lr.i)ic;rts of pe- fi. ^ ■ iiu' jnnst iTiiportant i.'rr.'lir'ini; firUlP, and th^'so ■vf 11 jibo larjji^ly nsed in ■n •■':h iiiat action. r\v hanscrs.—In lOOS and th^') iii'eau ptibllshed tliree re- on thp cottrri (xchan.ires. The , (>rl«-aris rotton oxcl’sns^p at once ’•rod into co-operation with the ■ ;in, !ind voluniarilv adopted cor- irr.! f-rtri!'.' {niprovcmcnts in mcth- ■•! .V ror 1 of tlip ,\merican C’ot- I af-'iirnis’ As^'vi'iation, ()] 'f‘d in A.:iy. 1!U)S. ?tatos: Voiir coniiPiitUH' wo-id expross iii'artv -'cinnnfMuiaiion and ap- ' .i! li^' rccon! reijovt * ^ * of hMit' ^n ' ’ '^orporaiions with re- •li'r fO qu-'stioTi t'f potton ex- V, ^ p : !'P pf- !; I'- MIS ■ ■ wbi'li t'i. •vhii-li .,1 • 1 a- ■ 'f -'1 i;i- ; i' ■( T- V ■Y',- !. l ViS'I'y.--Tn If Of) thp I'M- ii5s::>d i'ppo’'t on tho lobacpo tf - ili; joi; liho American Tobacco O'■ . he bpiieficial results ..r.c. a’,rpa;vni. The tobacco ')i; 'ioi'v D-H'niptiy abandoned the of ,he trcrpi siibyidiary concorns i»y ’-'is reiiort and formerly I': .'tcaiast indeiiendents. Many ■nd. uci’d('ui rnanu’aclurers stated ;b.-' :!>;•; work had can.s: d the cessa- i. (ii' \arii)Ms uiijpftionnhle nieth- -«i ; . • .w ificiu some pvpu say- i; . ti. i’ Imt f')r lb'.' vork of the Itu- • y '-Xi. l’.a\ ' bt'fu forccd .11, in' •'?. i.i ].«'•' ihe b\ireaa prepared a re- li.ii • ii i-riifs iooaioo, nhic'n was? ’>.• i;y coi'.:i,r?ss iP conr.pc- \vi h a ! increase In the '1 , ;■)' rov'-une ' i-'’'!JCCO pl'O- 'i -Ill !'u‘> a i)relinii- ■1.' 'uri on «r pcwvrs was I. show*-*, .he KtronR Ti-r - U', •('•■•■.I“(I (!nc.--iin ati.'(! control . ^'U! :|-p. privers, and a .I'acted w, ' ureiiiion i-.> tlM^ subject. A Ci r.ni'iee of ihe Michi.fran Kv-i-'p.’ Mi'e, a;>i)oinieti to investigate u •; '• .'iv. :;s in liiti staie, asl>.eu • ■ ; 'm ' • e I rrsMi u of Vn:- \ . in 'u-ed ; ‘e .at-1 ■ -n . 1. .M. '■^ir ; i' ccTi'oratioa?. ■■ Two re- ■ ,t.: ti.. -a..;-.iioti of c.M'porations T'np:kK’!vi and Mit’dle .\t- ,i:p- in ijonn iirve b^^en largely by ])-;;! ;c oiTli ials. A commi!- 'i.e iihode L-'laiid letci-slature. ;s r'r'pori, qnotea with approval r"r ■.;n ='ii. of ihe reorts, and -f-f'-Minv ■'.:|s ’ in accordance ■ h ! e\'' i T!;(-p ri . :'te use was also '"‘4e The !. n • rj'a.'ioaal Tax K- O'iation. in Sejnrniber, 19)0, .i; .ii'> .iollov. liip: resolntion: ■; -’hed. Thn. li'-is conference ■ ( ii'ir.- Ufis ;*ie recei;"i coiupilalion l>y I nif-'d >’'.ates ))iiieau of CTpo'.a- li. , •' ct.-. , 'n;' t co’i'- tr ^xat; in. aiui -.rg^.'? the early i:f sin) 1; r coiii)-!ilations c> ■ of oi 1'‘ I r r-C'^ unl ter ritories relating to the same sub ject.”' Waterways.—The bureau published, in 1909 and 1910, three reports on Transportation by water in the Unit ed States. They set forth existing ■v\’aterway conditions, -with criticisms and suggestions thereon. In the present active interest in waterways, those reports have been very gener ally used. The report on terminals appears, from widespread editorial comment, to have brought forcibly to public attention the vital import ance, too long overlooked, of vrater- ierminals. This -work of the bui'eau, recently presented before the Atlan tic Association, emphasized especial ly the importance of local co-opera tion in providing terminals. The as- rociatlon adopted the follo-v^'ing res ol tit ion: “Vi'e urge strongly * * • the ac quirement by the public authorities of water-frontage, * * * the equip ment of each port -v\itli modern me chanical appliances for movement of freights and * * * the creation gen- eraliy of terminal facilities * ^ This report was also used advanta geously by the city of Cincinnati ’u a pending suit, opposing the ob- stniction of city -water front by rail road interests. Such have been thep radical re sults of “efficient publicity,” even within the narrov/ range which the bureau has been able to cover. It can be extended to all Important cor- ■porate business. Oppressivo meth ods of competition bave been reduc ed over wide areas; greater equality of opportunity is being afforded; cor porate interests have become accus tomed to a publicity -w'hich they would have regarded as revolution ary a decade ago. Many of them are, in fact, co-operatinf? by volunt- ily furnishing much of the informa tion obtained by the bureau. Tho public has been enlightened on many fundamental points oi! finance and busineiis which othervvise come to the ordinary c’ti.::rn. only in frag- i'->enta’’y ar.d confused form; the president and congress have been given reliable facts bearing on eco nomic questions of public coiicorn. Finally, the effectiveness of simple iHilVticiTv and the rer:nlting public •( ndomnation of bu!-ines.s abuses iias ’;;^en proved. In I ho ca-'e of ihe railw’v discHm- inntions above, mere pui.'licity accoraplisht ;i an abolition of an evil system in its entirely witi'in six m>.inths. ai'hoiigh crii.iinal protrecu- '.ion of certain pa;licipi^nts therein has. after four years, succeeded only ii"* tv.'o cases out of four. The sub- :^-tantial improvement* efft ied in the .v:'V.- Ci’lrans Cotton il\'"*liange, l\v .'iKii ))-.ibii’ity and co-oporation, con’d probably have been accomplished ir. no other way, under existing leg islation. Extension ov SyEtem. This seven years' expei'ience has bnilt up a working system, effective as far as it goes, but as yet in- ''(uni)kte in scope. Tiie one step lemaining to be ta,ken is to create by statute a system whicii shall ap ply these effective methods to all iniportanr corporalo businesses, and give a recogni."ed aiid permaneiu standing to the proven principles. In outline this s,rst(»in should br* one where (1) ail important iii'erstate industrial covpo;ations sha'l regular ly make reports to a federal otiice; where that office shall ha\e the further right to verify such i-eports and get additional facts; (3) where business transactions of public in terest shall be made public, safe guarding at the same time, as the bureau always has, all ’properly pri vate business secrets; (4) where there shall be a permanent opportu nity for co-operation and adjustment between the government and business interests; and (5) w-hereby those cor porations that deal fairly and openly shall receive positive recognition of that fact and correspondingly ac quire public confidence. The system must be a national one. Our groat businesses have become national in scope; thej' iaave no relation what soever to state lines. This system will greatly extend th^ same kind of corporate reform wdiich has already resulted from the work of the bureau; the same kind of public enligh{enraent; it will tend to ward the removal of unfounded pre judice. to-w'ard uniformity in corpo rate accounting, and the establish ment of industrial securities on a basis of open administration; it -v\'ill give a central agency of financial and economic information, and a practical m*eeting place for business interests with the government. It will do this without any drastic change in business conditions, or dis closure of purely private affairs; with comparatively small cost; with an effectiveness of business reform that no penal legislation can ap proach. Ir, will put a premium on business efficiency, business honesty, and commercial service to the pub lic, to tlie benefit of that increasing class of iuodorn business men who are endeavoring to deal openly and fairly, and who regard their com- nxrcial power as at least in part a public trust. The total appropriations for the bureau for the fi.scal year ended June 30, 1910, w'ere $254,120. The number of employes on .June 'oO, v,as 119. On .Inly 12 and 19, 1909, the bu reau published Parts I and II, re spectively, of a report on transpona- lion b\' water in the Uniied Stales. Part 1 dealt chiefly with the phys ical eharacceristics of our waterwa>s and the floating equipment thereon. Part II dealt with water-borne traf fic. Conciusions as to causes of gen- eial conditions aiid suggestions for ini’proving them, were set forth, based on the factP, shown. Oil December 1909, the bureau published Parts IV and V. the final paits, of its Kepori on Cotton Elx- changes; Part IV' dealing wivh tlie eifec-c of future contracts on prices of cotton; Part V, with the influence of prolucers’ organizations on prices of cc.^ton. Part I\' in particrilar was a statnnent oi' the actual effect upon cotion growers and the coiton trade Oi certain conditions on tho cotton exchanges w'hich had been described and criticised in the previous parts of this report. On June 15, 1910, theb ureau pub lished Part II oi its report on taxa tion of corporations. This part dealt with the states ystems of corporate taxation in the states of New' York, New .lersey, Pennsylvania, Delriw’are and Maryland, and in the District of Columbia. It follow'ed the sarae meth od of presentation used in Part I Of the said report, issued during the precodiiig fiscal year, and dealing with the New England States. At tlie end of the fiscal year tliero were still pending, as work on hand, invesiigations into the steel, tobacco aiid lumber industries, transporta- A Is printed on the outer wrapper of every bottle of Dr, Pierce’s Favorite Prescription and it is the only medicine for woman’s peculiar ailments, sold by druggistsj the makers of which feel fully warranted in thus taking the aiilicted into their full confidence The more known about the composition of ’Dr, Piercers Favorite Prescription the more confidently will invalid women reSy upon it to cure their peculiar weaknesses and de^ ran^ements. There*s no secrecy about its ntake‘*up^no deceptive inducements held out to the afflicted* iVs simply a ^ood, honest, square • deal medicine with no alcohol^ op injurious, habit^formin^ dru^s in its compos sitjon. Made wholly from roots, it can do no harm in any condition of woman^s organism. Devised and put up by a phj^sician of vast experience in the treatment of wonm ^ maladies. Its ingredients have the indorsement of leading physicians" in il! schools of practice. ' « - .1 The “Favorite Prescription” is known everywhere as the standard remedv for diseases of women and has been so regarded for the past 40 years and ni-rc Accept no secret nostrum in place of “Favorite Prescription”—a medicine: u- KNOWN COMPOSITION, with a record of 40 years of cures behind it. ^ It’s foolish and often dangerous to experiment with new or but slightly tcned medicines—sometirnes urged upon the afflicted as “just as good’’ or better than Favorite Prescription.” The dishonest dealer sometimes rnsisfs that he knows what the profTered substitute is made of, hut you don’t and it is decidedly ior interest that you should know what you are taking into your stomach and system c\. pecting it to act as a curative. To him its only a difference of profit, Thcr^^fcre insist on having Dr. Pierce’s Fav^orite Prescripti*on. Send 31 one-cent stamps to pay co9t of mailing o;//y on a fr?e copy Br P er. .^’5 Common Sense Medical Adviser, 1008 pages cloth-bound. World’s Dispensary Medical Association. Prcorietors, R. V. Piercc M T- President, Buffalo, N. Y. lion by water in th*2 United Slate'?, the International Harvester Compaio, concentration of water-power owner ship, and corporate taxation. Very iespcctfuliv, HEPtBERT K. SMITH, Commissioner of Corporations. To HON. CHARLES NAGEL. Secretary of Commerce and Labor. Speech Oj Gov. Comer of Alabama By Associated Press. Montgomery, Ala., Jan. 16.—Gover nor Braxton Bragg Comer, in relin quishing the office of chief executive of the state of Alabama to Emmet O’Neal took a parting shot at corpo- n te intere&Ls. He said: “Both ia congress and before the federal courts at Washington there is now^ going on a gigantic struggle to wn-ench from the vitals of the govern ment and the people the grasp of the strongest combination of allied inter ests ever foimed and against which every party platform, whether repub lican or democratic, gives the fullest condemnation. Never before in the his tory of the nation lias there been s-uc:]i an insurrecJon and revolution against their selfish, insatiate rule. The states, from the extreme cast to tho extreme west whether republican or democrat, are aroused as never before. Maine. New Hampshire, New York. New .ler- se}’-, Ohio, Wisconsin, ?'[iunesota. Michi gan, Illinois-, Iowa, Kansas, Oklahoma. Oregon, Washington and California, ail under democratic principles, have put on the defense of the people and de clared that rl^e rule and governme-ol: of the special interests should cease, a*-d the people must have protection.” On introducing his successor. Gov ernor Comer said he relinquished the reins of offlce with the prayer that O’Neal would make the very liest gov ernor Alabama liad ever had. At the time that Governor Comer in troduced the incoming executive to the people, the capital .grounds’ -were crowded as they never had been before occupied, and w-hen he concluded his speech by presenting Mr. O’NeaJ the the cheers were deafening. Marching clubs from all parts of Alabama were * present -^^iiile the military formed a- cordon aiound the entire ca])iroi grounds. It is conceded bj' those who have een Alabama s governor inaugurated in the last 30 years tiia: E •; i w'as inducted into oii'fo v. i;. acclaim than was any govern j: history of tlie siate. St. Touis. Jan. IL—After night of inso'nnia in : ; Henry Clarkson Seen, si i, ii:;-::,,; j went into his room on th.> floor of his home. Xo. Vru; :;'- ! Place, at 10 o’clock this morninr' l-i ed the door, sat U])on chair a:.il himself behind the lefr. ear m'.A\ volver. He w'as dead v>he'! V:'- feur, at Mrs. Ccott’s direction, 1j: down the door with an axe. i Accoi'ding to hi-" hrorher-i!-' ’n-r, G. S. Drake, Scott had ^suiTertd six months from acute attacl; - cnchoiia, one phase of wliic!; w: morbid dread of aiii'Orid!'!ti-'., ?\Tany a fellow is a, h.lept'-ini'irl'ii- ■ when it comes to stealintr >,i: I flHiinrt^ra wni'rm' mm \ il ^4 - • • K a.-m ? The Proper and Popular Fuel Delivered Properly to the Tune of a Popular Au* ir I.KI : i iCg; V C' ) IS ' DR Of. r - fi.. Off,- Phone, Coi Office, i-.: 6up OffiC H Bui
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 16, 1911, edition 1
2
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75