| Show PROPOSES A TRUST uniform state laws governing cor po rations lons rather than federal corpora tion control ithe remedy proposed for trusts by edgar R barrar dent of the kine american rican BM box association the great american national dis dl grace gracea said mr farrar at the recent convention of the bar association at boston Is found in the issuance ol 01 fictitious or watered stock this is 11 made possible by those corporation laws which provide no governmental supervision over the organization of 0 corporations which require no part of 0 the capital tock stock to be paid in money and which permit the isimang ol 01 stock at the pleasure of the organizers and directors at such valuations a they may choose to place on them I 1 id C my mind the most vicious of 0 all the provisions in the statutes above asu aerated Is that authorizing one cor po horation por atlon ration to ovi own n and vote stock in an un other this provision Is the mother of the holding company and the trust it lit pr provides ovidea a method for combining under ore management and control cor po rations lons from one end of the nation to the other concerted action among the states will end all the trouble if every state in the union alil ill purge its corporation jaws of all objectionable tea fea tures then the breeding places of industrial monstrosities are destroyed it appears to me that it would require but a small amount of constructive states manship to bring about a state conference and united action on this grave subject mr barrar ridicules ridicule the pro proposed rOsed scheme of E H gara gar president of the steel fiust for government regulation of prices he fie says k tor or government to fix the prices of mer merchandise chandle bought and sold in commerce Is utterly be yond the power of any legislative body in america CHARGED WITH SMUGGLING ING nathan alien allen the indicted leather trust magnate of kenosha wis ac aused of smuggling at new aorl will voll it la is stated made a spirited defense it Is said the alien allen side of the jenkins imbroglio will specify an attempt to carry out a blackmail scheme ahat 1 bat fals his wife believes absolutely in alien allen a innocence is shown by the tact fact that they spent the entire summer er on a montana ranch indictments charging nathan alien allen of kenosha wis and john R colllns L of memphis renn with the smug I 1 gling of jewels valued at more than were brought to light in the fy office of united baates district actor ney wise in new york the gems are alleged to have been smuggled into that port from the steamship lust tania on june 25 1909 the indictments were the outcome of the testimony before the federal grand jury of mrs helen brelle jen kins to whom the jewelry alleged to have been smuggled was presented and from whom it was later stolen while file st e was living at a new I 1 ork hotel the thelt of the gems there was a great deal of publicity given to mrs jenkins and mr alien allen and the matter was finally settled by a consideration of 72 of which mrs jenk jeakins ins says she received 31 collina collins a coal operator ol 01 tennessee u was a fellow passenger of alien allen the e indictment in the Tenness eean s cae and it charges him with having smuggled a necklace consisting of five strands of pearls with a diamond and ri aby by clasp a pearl and diamond bracelet and other articles of jewelry and wearing apparel the charge of conc conspiracy piracy is also laid at his its door 4 GETS ETS FORTUNE FROM GATES GATE henry rockwell baker a twenty year old youth of st charles ill w it 11 get when he be Is graduated from college baker Is the late john W gates s only nephew mr gates was very fond of him the millionaire bequeathed 10 to be given to him at once tor for his expenses at college A and when he gets his degree but he will VII not play football al at though his uncle placed no lestric eions upon him the lad remembers that gates was vas opposed to football and tor for that reason will not attempt to make a team he lie has promised when he leaves college and comes into his that he will mill stay away from wall street this Is also out of deference to his late uncles wishes john W gates once advised him it if he ever got hold of any money to keep away from that mart of speculation and the boy regards this advice as a request baor balzer as greatly surn rived by the m bequest but started in studying ing to earn it at once oncie baur was a student in the st charles high school until he finished his studies there last tall fall he was halt halfback back on the school eleven and Is an all around i athlete henry Is a bright boy mr gates once said he Is a lad ho bo studies and plays football too and that Is the right kind I 1 want him to get an education he lie will find an education means more to him that all the money in the world WOULD TAX THE HEIRESSES borne bome time ago representative ba bath of illinois introduced a resolution in congress levying a tariff of 25 per cent upon all marriage dowries set tie ments between americans and tor for eigners sentiment in favor of such a tax has been growing since and it there Is any way of passing a law which win will be constitutional and et ef at the same time to regulate this marriage barter steps to do so will probably be taken in the next ses sian of congress chere Is an economic side to the marriage of our rich american girls to titled europeans it Is estimated that the purchase of these titles costs the enormous sum suin of 1 1000 very ten years a drain that few countries in the world perhaps no other country except our own could bland stand the tact fact that it Is wealth which titled foreigners are seeking when they marry american girls Is self evident whoever hears of a european noble marrying a poor american girl whoever Nh oever hears ot of an english engligh heiress marrying a poor Ameri american cant it if inter liati at lonal onal marriages marr lagee were based on love the rule would work both ways |
