Show WAY VAY TO CONTROL CORPORATIONS Secretary Metcalf in Annual I Report Advocates Federal Federal Fed Fed- eral Franchise i THEY MUST GET A LICE LICENCE C. C I I says S 'S There Would Be He Xo Na n I II p I nce With Powers of or States k 4 I Washington Dec Dee 7 The rl e The acl I ia js deeply In earnest t in its dp thi I Ire s-Ire to o the enactment of or legis legislation j jl l lation llon that will swIll regulate t and anti contro control I on engaged a in interstate tate and J Ji i foreign con commerce 1 Secretary Metcalf I of or time the Dt Department Depart palt ment mont of or Commerce and d Labor In hi his his' annual report Just mado made IH public 11 C presents pre pre- rents a n franchise plan which Is simply simply- to require the greater Industrial Ol to obtain a license from flom th federal government go There would b oe be no nn Interference with wILls the powers of oC a state over he lie of or corporations nor nOl their ac actions tic tic- lions wholly within the state he d qt lared Under a n. license he continues ho continues the fd federal government sh should 10 i-c- quire quiro 33 as J a condition on Hlo 1 precedent to granting the license a full lull disclosure of oC alt all facts necessary to show the ownership properties financial condl- condl tion and management C of tho the corpora corpora- lion tion Tho IIo secretary would have havo the cot cov- open to Inspection rather than annual and bo he gl 1 power to revoke thc th and n vent tho the continuation of tnt ta I tm 1 of oC tho thoe cot corporations 1 ai I 0 obligatiOns toward O the o ov I being convicted of ot y y steu 4 I Mf Tho The secretary M. M f I- I I Tile facts facts' tn tt pres neda to to the ith Uan t such cor porn tom to tn thu f. f I tr tM tJ m U tilt TI f J Jor f I or Vu t. tO td the tho that th thc t got 0 U must t directly r regulate nn 1 control such corporations |