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Show FEDERAL INCORPORATION. Tho dispatches this morning give n fair idea of tho terms and provisions of tho now National incorporation bill, which was introduced 3'osturdny in Congress. It is said that groat labor nnd enro have been bestowed upon this bill, in order that it should meet cvcr3' objection likcl3' to bo brought against it in Congress or clsowhero, to mnke it conform strictly to consi.itutional provisions, pro-visions, and to make it practical' workable. The details of such a bill, of course, aro vory important, as the mcasuro will have to run tho gauntlet of tho Federal courts. On tho general principle involved, in-volved, howevor, there can be no doubt that the proposition .for new incorporation incorpora-tion will bo acceptable to most of the transportation and interstate commerce concerns. For, b3" incorporation, these interstate concerns, will bo rcleasod from tho espionage and exactions of forty-six eoparato State legislatures. Tho.y will be amenable to the ono central cen-tral authority, and will know prcciscb' what they will have to do, what their richts are. and their workablo privi leges. t With a bill such as this in effect, tlicro could be no such contention as came up in Kansas and has just beeu settled in the Supremo Court. Tho Kansas lnws required that tho insurance insur-ance companies doing busiuess in that State should account to the Stato of Kansas by way of license and tnxes, not only for tho business done withiu that State, but for tho total amount of business done b3' the compare, nV matter mat-ter where done. Obviously such a law as that would have to bo pronounced unconstitutional b3 the Supreme Court, as an undue exaction upon tho rights of the company under its charter and its privileges thereunder an attempt to collect revenue from proporty and business hold and done outside of the State. And yet, tho Chief .Justice of the Supreme Court, with two of his associates, as-sociates, hold that the Kansas law was valid. Thc3 must have so held on tho ground that tho State of Kansas wns not bound to recognize the laws of other States, nor enforco the form of charters of thoso companies, but that Kansas had tho right to assert an original or-iginal jurisdiction over those concerns without regard to the charters or privileges priv-ileges granted by other Stntes, and to tax the business done in them. This, in a wn3 is a reasonable view, loo. But 3'ct, b3' precedence aud practico it is a view that has been buried and is probabl.v no longer tenable, although as an original composition it would be quite logical to assort it. It is merely assorting the right of each State to require original chartering for itself. Tho now incorporation law, if passed b3' Congress, will, wo believe, be acceptable accept-able to interstate commorco concerns. These interstato corporations are vexed with the man.y exactions from the uian3' States, arc confronted with so many now propositions which the ingenuity in-genuity of Stato officials brings forward for-ward for the placing of new restrictions restric-tions and taxes on those companies, that such concerns will fly to this Federal Fed-eral incorporation proposition as a rcfugo and relief. It is hardby likely that a great lawyer liko President Taft, and another liko Attorne3' General Wickersham, would devote so much attention and timo as thc3" have done to the perfection of this measure, if there were likely to be an.y constitutional grounds for deciding it invalid. We believe be-lieve fulb' in tho principle involved in this new proposition; we have proposed it often, and vo have full faith that the President and Attorney General aro ablo to perfect a measure of this kind, and that in the drafting of this bill they have exorcised their powers to the successful framing of a valid enactment. |