The Cedarville Herald, Volume 31, Numbers 1-26

1 V ,n»Wi : h . j .« h «5 wp , ji ►**« A*** NEW ERAWOULD0AWN WithIht Enactment of National law 19 GovernCorporations. s * dbb * stability , prosperity Lack. of Control by Federal Power of Corporation* Doing art interstate Business a Glaring Weakness, Freak Legislation Against Corpora' irons by Many States. Columbus, O.^CSpcciaLJ^Olilo bus* .incss men to a groat extent are much interested in the proposed enactment of a national law to govern the cor, _ . rorate organization of all companies - doing an Interstate business^ In noth' lag is the eagacity of President Hoppe* volt of seizing upon public Questions of great strategic importance more manifest than in his earnest advocacy of tha enactment of a Federal statue- to govern the incorporation of com* lunations c£^capital doing an inter* state business. At present there is of course no na­ tional corporation law, and thus there - are 4G different codes of laws for tire incorporation and regulation of busi­ ness corporations, each state having Its own laws on this subject and’all of them greatly at variance. In some states, as in Ohio, a company can be incorporated for the performing of hut one general purpose, while in other states the -laws are so liberal in re- rard to the incorporation of companies that a charter will be Issued for the , performing of a.multitude of purposes, not one -of-which may he related to the other. - So long as these companies do not violate the Federal statutes in regard to combinations in restraint of trade, "the giving or taking of rebates, etc., they are answerable so far as their . charter is concerned only to the state , by which it is issued. They may be doing, a business which reaches every - state in the Union, but the Federal i laws are powerless unless, as said, they violate some of the Federal anti­ trust Jaws, and then they can Only he fined, as the general government has no authority to oust them from their corporate existence. President Booscvelt has long seen ‘ this weakness in the. lack of control by the Federappower of these corpora- ‘ lions which transact an interstate business. Almost since he first hegan to speak on public questions he has favored a national incorporation daw, and the taking over by the general government of the right to bring these. Combinations of capital Into corporate existence. In, bis most'forenable style, he brought this Important subject to the attention of the congress in his message of .April 27,1008. The presi- * dent in this message said that his per­ sonal belief is that ultimately we shall ' have to adopt a national Incorporation * law, even if such a, step Ip found Im- .possible of carrying into effect at the present time. The Interstate com­ merce commission legislation* he said, has worked admirably, and ha» bene­ fited the public and the honestly man- ‘*isfely ^bdndted railroads f * The president further states that ft Is clear that the principles employed. - to Remedy the great evils In the busi­ ness world have worked well and may' now be employed to correct the evils that farther commercial -growth has brought so prominently to. the surface; . He asserts that it is clear that .unless a national incorporation lawcan forth­ with be enacted, some .body1or b dies In the executive service should be giv­ en power to pass upon any combina­ tion or agreement In relation to inter* state commerce, and every such com* bination or agreement not thuB ap­ proved Should be treated as in viola­ tion of law and-be prosecuted accord­ ingly. He’asserted that the Issuance of the securities of any combination doing an interstate business should be under the supervisions of the national government. - One of the great captains of indus­ try of the country, in a statement made before the industrial commis­ sion In 1809, said that in his opinion the legislation which would most im­ prove the condition of the country would he In the direction of national or Federal Incorpora !on. He declared that if such corporations should be made possible under such fair restric­ tions and provisions as should right­ fully attach to them, any branch of business could: be freely entered upon and the talk of monopoly would be gone forever. The present system of, state corpor­ ations, almost as varied in ltd provi- f.ions as thg number of states, is vexa­ tious alike to the business community and" to the authorities of the several states. The Federal law need not take . r.way from the states the right of tax­ ation or police regulation, but It would make it. possible for business organ­ izations to know the general terms on which they could conduct their busi­ ness in the Country at large. The lack of uniformity in the laws of the vari­ ous states, as affecting business cof- , porations, is one of the most vexatious features attending the business life oi any of the great corporations of the iCOunlry today, and all of them would heartily welcome the enactment of a federal corporation law, , In Some states it is possible to In­ corporate a company for practically any purpose, and hot incur thereby any responsibility for Ihe conduct of its business. The most plain and bare­ faced swindle may be incorporated If the promoters have the filing fee, and It will go out with the sanction Of the state, which practically is aiding and Abetting the commission of crime. . With * national incorporation law. If will not be believed for a moment thaf the congress of the United States or the executive officers Of the govern­ ment would over prostitute. them* •five* to the enactment of each loose ' Incorporation laws as are found in many of the states, Mo sane business matt believes that thora will ever Again In the Federal government bo too much laxity In the control and management of corporations. It may seem paradoxical, but it Is true, that the corporations will escape severe and probably unfair future con* t e l by insisting upon a thorough and ##ssibl# preeont control of thoir cor- fon t* gets i t the |k^Qt k;ri« there lamuchlro& ic|gSw* latioa ag&inat corporations! by. many rtotes, and, while this will not last, tt wifi bring with it and leave behind it. disorder and lots, What a wonderful advantage would remit it the legitimate businesses of the country everywhere were control­ led by and subject to one legislative body enacting stringent and effective, but not transient and contradictory Incorporation lawn, Instead of having thin work done by the legislatures of AG states. To many business men It acorns as if a new era In business would dawn It the federal govern­ ment could thus -control corporations by. stable and uniform laws that will encourage and protect all legitimate industries, and thus force the promo­ ter to quit, the swindler to withdraw or go to jail, and give come measure of protection, to tho poor deluded in- vestor who sees in an advertisement or pfe pectus the competence "whfeTT he fears he will not be able to secure by daily toil, • It is tho Federal government that the dishonest promoter fears and not tho state governments.. The enact­ ment of Federal laws for the incorpor­ ation and regulation of monopolistic and competitive corporations would serve, as models for tho states and the attempt to formulate and enact such laws .would develop “an *educational discussion .of great value. Business men believe It Is wiser and safer for-the Federal government to permit no corporation to engage In interstate commerce which is not In­ corporated under federal laws. In its attempt to control interstate com­ merce, if the Federal government Bhbulti merely -license thB state cor­ porations, a double jurisdiction would arise which would bring about conflict between federal and state govern­ ments andl would aggravate rather than soften the jealousy between the two jurisdictions.'. . . The first Federal incorporation law should be made simple, making the first step short hut firm between the Idea of state and that of national in­ corporation. Wisdom and experience will suggest In the course of time the additions to the law which .may be found necessary. There should be one law for the incorporation of monopo­ lies and another for the incorporation of competitive businesses, and each law should,be administered by a co­ ordinate branch of the executive gov­ ernment, The, incorporation and reg­ ulatory laws should Identify all trans actions by their generic character, not by their size, the amount of capital employed or the number of .persons associated In making the transaction or the form of its organization. ’ One of the great business bodies of the country declared recently In a series of /resolutions that one of the most important factors for the stabll 4ty and prosperity of business ,affairs in the country in the ftlture'ia the fed-, era! corporation, of'all interstate com­ merce corporations. -As- a result, cor­ porations of a public -and> seiiii-publio character, the’stocks of which are list­ ed on the exchapges for sale,. Will be1 so Justly conducted, that Workmen and citizens Of small means and the people generally will find Investments in them at least as safe and profitable as the individual enterprises which are being superseded, by'such corpora- tibfis, If, the congress should go no further, it was the judgment of this association that all railroad and other transportation companies engaged in interstate commerce should be com­ pelled to Incorporate under federal laws. ’ c Celestial Item, "De reason/’ said Brother Williams, “that you never see a angel with a mustache Is—de men has sich a close shave ter git dar!’1—Atlanta Constitu­ tion, COMPOUND INTEREST The trouble with most adver­ tisers Is that they expect imme­ diate returns of large propor­ tions. One prominent advertiser Illustrates the principle of adver­ tising In this way: - ‘ffie money expended tav ndrertlslnir I* the * « » e ns 'II placed nt interest, The profits front the advertising are virtually the Interest «M the Investment. “ThesumsSpent for advertising ! are properly chargeable to cap­ ital account because the result­ ing good will Is’ something that has value, which, if the adver­ tising has been properly done; can usually be sold for the face value of the Investment. “Tho rate of Interest is deter­ mined by the skill with which the investment is made. “Just as tho Quickest way to Increase. Invested wealth la by compounding the interest, just so the Quickest way to realize re- suits from advertising is to com­ pound thereturns,"--Advertising Experience, Advertisers get good returns on the amount invested In our columns, W* reach the people. ii riftFUiinmwmw mt i M i m TheEDWARD WREN CO., _ . ________ SPRINGFIELD, OHIO ____________. B E G T O A D V I S E T H A T ON / 9 ”■ • ' Monday, Tuesday and Wednesday, June 22, 23 and 24 T H E Y W I L L H O L D T H E IR A N N U A L Sale of New Summer Silks 1 BT has been the custom o f thisstore for yearn to have some time during the month o f Juue a C lea ran ce S a le o f S ilk s . . W e expect this & sale to eclipse all former efforts, even surpassing that gigantic sacrifice sale held a year ago, beginning the 20 th o f this month. Fall plans 9 o f silk manufacturers and the nearness o f their inventory day, are factors enabling us to gather the most opportune and best bargains,, we have had in years-^and that’s saying a great deal; because we have given in th® past some remarkable silk bargains. Recent fortunate purchase comprising more than $5,000.00 worth o f new desirable Summer Silks, at dn'hverage cost o f 50 cents on the dollar, coupled with our regular stock, permits our announcing the ■ Greatest Silk Sale in Springfield’s History. Remember this sale is forth ree days only—Monday, Tuesday and Wednesday, June 22 , 23 and 24, so you need not come after those days expecting the same prices. The fojlpwing quotations^shonld serve as an incentive to all intelligent buyers to attend this the greatest 3 day Silk Sale ever advertised. , $1.25 Silks 32 inches wide at 59c Who ever heard o f Silks almost a yard wide selling at such a low price? I t cost the manufacturer 85c i o make these 4 oods. They come in a beautiful line o f patterns and colors, just the Silk for suits and separate skirts. Only a limited quantity in this lot. Your choice while they last......... t . .................... .. AT25CENTSAYARD Values 59c and More This collection o f Fancy Silks contains 2,500 yards of Foulard, Louisine and Taffetas in a host o f pretty styles and colorings. Very desirable for jumper suits and separate waists. Not a pjece in the offering worth less than 59c and m any worth more. At. these three days sale, while, they last, choice per yard. 75c and at 39c This lo t consists o f 1250 yards o f this season’s newest and best Silks such as Cheney B ro s / Foulards, Louisines and Taffetas, hair­ line stripes and fancy checks, plain and fancy Pon­ gees, plain and colored Taffetas and Rajah effects in v rough Silks, Your choice o f the lot, this sale $ 1.25 and $ 1.50 SlhffS ai 69 c Just think of the price on this lot—less than half! All the very latest etyti a in imported Silks, beautiful high lustre and exquisite combinations, ’ The styles that/are in this collection consist printed warp effects, ombre strides, Herringbone effects, shadow stripes in all colors.. Brocades, stripe Messalines and Taffetas, Foulards, Jacquad Taffetas and Louisines; Donfc fail to see this collection of high grade Silks, and yoit take -your choice; per yatd,w.. PJLAIN COLORED SILKS AT A GREAT SACRIFICE; #L«5Rajah Bilks, all Shades 88e PMsi Measallnes In all shades,,;.......,..*..,.,...,... ........... ______ 800Flalh China jjBlk, all colors and shades $t-00 PlHn Cream Brocaded Batin, ’all shades*..;......... m White HahtttalWash Sttfc, all sharks.,. $l.0uF$ao White Hs.hubat Wash Silk, *11shad*#.. il.BOHklnner’s yard wide Satin, all shade#,*..,. yard 9$c yard Ape yard 7$c yard $ 1 . 0 0 . r } efio £k in Colored Taffetas, all Bhade#,,„....... .— ................................... ,„„.yar d sj a * eseUlaln Colored'Taffetas, all shades^,..... ............................ ............ ......;.....„.yard 59c ■ - $1.Q0Tklp Oolored Taffetas, all shades..,........................ ..................... ............yard 69c ;, 85o plaid Colored Crepe de Chines, all sfvad«#>................... ............ ...... ;.... i.yard 49c • 11,28Plain. Colored Crepe de Chines, all shades \ *1-00 TusorahSilks, all shades...... ......... ................. ................. ...................... yard 7 Sc v- 41,80Tuscan Silk#, all shades................................................................ ..........yard 95c Black Silks at less than Cost to Manufacture BLACK TAFPETAS 50c Blaok Taffeta Silk,... ........ ....... ................. .yard 55 c 60o Black Taffeta Bilk .yard 4 i)o 85o Black TaffetaSilk, 20 Inches wide yajrd 59c $1,00 Blaek Taffeta.SIlk, 02 inches wide.;.........yard 6 9«c $1.10Black Taffeta Stik, 80Inches wide ..yard 75c $1.85 Black Taffeta Silk, 38ihcheswlde__.........yard 95c $1.50Black Taffeta Silk* SOinches wide....^...yarcl yt./O $1.76Black Taffeta Silk, 86 inches wide*.,....yard Black Feau de Sole 75c Black Po»u de Sole, 20 Inches wide..... .... yard 59c $1.00Black Pe&n de Sole, fjOinchesV ide..........yard 69c $1,85Black Peau. dto Sole/82inches wide....... ..yard 98c $L.C!» BlackPeau de Soie; 27 IncheBwide .......yard $!.tO $1.75Black Pgati die Sole, 85 Inches'wide,..... yard $1.25 Other S ty les of B lack Silks a t Great Bargains 60o Black Pongee Silk, 28 Inches wide... ....... yard 25 c 50c Black Messallne Silk, 10 IncheB wide...... .yard 58 c. $1.00 Black Regent Silk, 22 inchesV ide..... ..... yard 59 c 85oBlack Jap Silk, 27 inches wide.........'..........yard 55c ' 85c Black Crepe de Chine, 128 inches wide......yard 49c $1,00Black Moire Silk, 22 inches wide......... . .yard 59 c $1.00Black Fancy India Silk, 22 inches wlde.-.yard 69 c These Silks wilt be on sale Monday, Tuesday and Wednesday\ June 22 , 23 and 24 only at these prices so don*t fall to attend this Great Three Days Sale . W e wish to say to the thousands o f out-of-town customers who are sure to attend this Great Sale of Silks, when making purchases in this B ig Store to the amount of $15 or more, we refund your round trip fare according to the plan of The Merchants’ Association - Dress Suit Cases, 75 c to $ 10,00 Sullivan, The Hatter, 21 So. {Limestone St SPRINGFIELD , OHIO. New Idea (n Oratory. Lord John Bussell created a curious precedent when ho gave wn$> to teara owing to tho postponement Of the Brit­ ish "reform blti” 75 years ago, National Finance, We should reform the taxes, and especially reduce the income-tax to a peace rate, before reducing the debt, —Nineteenth Century. A Whimsical Wagar, A young Austrian nobleman who bad the reputation of being a bril­ liant talker made a wager with a club friend that during the first year of hiamarriage with the daugh­ ter of a certain count he would pre­ serve a rigid silence When in her presence and, in fact, would not speak a single word to her. Thiaf resolution he faithfully kept; but, owing to the fact that the Wages was not made public, some very cu­ rious consequences ensued. His wife, believing him to bo insane, privately sent a brain specialist to examine the taciturn gentleman. He was on the point of being con­ veyed to a sanitarium when ho dis­ closed tho reason of his behavior. When the year was up lie claimed the wager, which was duly paid. DAILY— CLEmAND TO CEDAR POINT—DAILY Whenyea TlritClevelandthis Samtri«r,don't f«il Ufce» rid* on th* ConjtrucUd, fWeteit, **feit twin-tc**w«te»m«r onth*G* 4 »t Idike*— STEAMER EASTLAND f a r e $1 FOR ROUND TRIP FIVE HOURS AT T h e POINT WONT SINK AN» CAN'T BURN Tho EASTLAND, brio# of Uis >*oeeen type *»of snusennw *te**nw, end hnvlrig «l*ht htfndred lone of ^tefbelUetirt^eter.tlxhtcptnpkttf,lent* bekiwth*w«t*f-HM,o«»»M?*»te?end imooth**Ji»any kind of woMhfc* tbfln Any otherotefttofct oritkOlM*«n Lritt Xti*. IttrtfcietsMftd Arrivecedarfwnt Um cedtrfMt Arrivetievetad J:30A. *. ■ 11:45 A. H> 4130P.N. - ?£4SP.«. TT Free linneln# tnti So*rd, C'0»a*r rit>N« nude andT mkmok Tmterttsdotty to nil C9. CLKVEAND f#M SHbUIFFS SALE. S t a t e of o iiio , t Greeiio County , ». s. ) ParsUant to command of an order of sale issued in the Court of Com­ mon Pleas of said county, and Lo me delivered, I wilt offer for sale at public auction at the front door: of tho court houBe, in tho city of Xenia, in said county, on Saturday, July 18th, A, D. 1908, at 2 o*clock p. m. tho following de­ scribed lands and tenamente,to wit j Situate in the County of Greene, State of Ohio, and In the Village of Cedarrillo, and hounded and described as follows, viz: Being the whole ot lot No. 71 In John*Orr*e Third addition to the Town of Codarvllle more fully de­ scribed in tho plat of said town, and being tho satno property con­ voyed to John Ross by John Orr by deed dated August II, 1858, and re-' corded in Vol. 80 page 620 of tho doed records cf said county. Said premise# were Appraised at Five Hundred dollars ($500). Terms of Sale: Cash. To be gold by order of said Court in Case No. 1X483 wherein "W. L. Miller IS plaintiff and Alexander Hall, Adm'r, is defendant, HOWARD ABPLEGATF, Sheriff, Gfcone County, W .L . MILLER, ' , Plamtiffls Att’y. Corn Cultivators! Our two leaders are the beat $on the market and the farmer has but to inspect theimto readily see that price is no consideration when quality is so ap­ parent. . . * - Gale and Satley We can refer you to many pleased customers. Binder Twine McCormick Binder Twine sold at 10 cents per pound; G. N. STUCKEY &SON CEDARVILLB, OHIO. »*—To*— —S#» our new ecru colored shirts for $1.06. Tho very latest color in mm1* shirts. Bailor, Haines A Higgins. TRY OUR PRINTING