| Show I THE OHIO t LEGISLATURE 1 i 1 o Columbus Columbus Ohio Jan Ohio legislature convened conventi today In biennial i tho the out lol branches elected oU crr cus nominated at ut tiff the Cull cau caucuses CURes last lust Saturday evening At Jt noon neol the annual of of dov 00 NaMi NI h IU road tont In II bath both tho the sunato and the tia house it I was wan WI noted holed for tor KM Its 11 r com comIn In of ot a tt 1 now new of ot taxa taxation lion tion tinder under which nil ni taxes for state statu tia are to be bo rained cl from trul ruin corpora franchises tho time liquor etc hid and nil all 1 direct taxation tor tel or county municipal 01 or other purposes Is to be lId let left to 10 o the tho Ito Counties It 1 Is hi a 1 system ot of rule tule In local taxes Concerning Corporations the they are aro created by the lh and mittel 1111 possess loHse s Certificates bearing the Impress of her hor seal people are tIu led lUl I to 1 ld I 0 that they are ail to 10 do iio 10 nr bust lJuSI MI nihil sIlo niu no moru entitled to elIU It are aro private partnerships and tind Individuals In very many cases they no fO 81 0 less I s worth of at confidence They rhe are arl authorized by hy the flip 11 tato to tn do u before one dollar of capital hay litt ha b on paid pall Thin Ibis IH IN II nn all unfortunate con diton of pC affair The rIte senate before h tore she gives give corporations her approval and aid penults them to do tic 10 business ought to 10 require all ni their capital stock Block bo ho haul lit tl ii and the tho Ih money Invested In ill the he s they propose to transact She Khu Sh oust ought to tu make mako surf of ot title this tact fact by b n a ro no 10 port made lade to Homo competent Wo Wu should go further and 1 require thee Inspected by this ollice This report to i Id show among other thing now lOW ch ot at the tho capital cv I III stock haw has hal boon been how low the money Ioney Is Invested what tho CI lIe assets are arc nt time the amount of oC liabilities C Rh the names Ilm s of ot the tho stockholders stockholder In there should bo be such ouch a record ot of every corporation that tha the ho people urns Hil OIW nt at all times lilacs whether It I Is worthy worth o 0 anti confidence I believe bel e with sonie om such regulations regulation Ohio corpora cor lion tOt would bo bu placed upon a solid fi fl financial basis ba ls soll 1 Tho rho publicity which would bo he Ic pit nit gl en Cli by b such action could not nt by Ii any possibility injure a it 1 really realy worthy and olne corporation It 1 would protect the tho public against unworthy and falling AH its Al now nol stand tho the secretary clary of ot stute knows nothing about n a corporation after acer It I loaves leaves his hie alIke with n a charter rain the state He lie cnn can cannot not even toll tel how many mutiny of ot the or more corporations chartered by the stale during the tha last lu t fifty ff years are nrc now dear dead nor how ho ninny many are aro still living Tho Thu lu state Il thing thinK allows It II to do business sends Henl It out ou In III the tho cold anti ana 10 known nothing more lucre loro about It forever bo be It I Is II made high time that a 1 e change chango |
