Federal Incorporation, Two Debates; the Constructive And Rebuttal Speeches of the Representatives of the University of Chicago Vs. University of Michigan And the University of Chicago Vs. Northwestern University in the Tenth Annual Contests of the Central
Federal Incorporation, Two Debates; the Constructive And Rebuttal Speeches of the Representatives of the University of Chicago Vs. University of Michigan And the University of Chicago Vs. Northwestern University in the Tenth Annual Contests of the Central
Central Debating League
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By similar retaliatory laws and competing inefficient legislation, intended to attract large corporation fees, the states grant a maximum of privilege with the minimum of responsibilty. When by granting a "roving charter" as West Virginia does, which permits a corporation to take its books outside the state and allows the stockhold- ers to meet anywhere on earth ; when by making a specialty of chartering "tramp corporations" as does New Jersey ; when by neglecting to provide for publicity of wh...ich a majority of the states are guilty, is it any won- der that the present control over interstate corporations has been ren- dered practically nugatory? Again, the present system is inadequate because it permits legisla- tion to be circumscribed by geographical lines, dwarfed by local ideas and prejudices, formulated as a political issue in behalf of a political party. "In commerce as well as politics, state governments will repre- sent state ideas," said Judge Amidon before the American Bar Assoda- tion.
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