Show STATE CONTROL Of CORPORATIONS Paducah Ky Tuly controL of corporations doing an interstate business was discussed in an address before the state Bar association h by Attorney AHorner General Wickersham in thIs i ell city tonIght The address taken as outlining the attitude of tho ho present national administration ad nit a I stratton toward the trusts was notable chiefly for or its roe rec that congress should en not lol a law providing for cre created V corporations to lo carryon carry on inter interstate state commerce An important feature was the speakers effort to Show the separate states how the they may control the bust ness 2105 of foreign corporations In their limits 1 Dealing with citizenship and standing of corporations Mr II Wicker Wickersham sham quoted decisions that the they were not citizens In the meaning of 01 federal constitutional requirements that citi zens or of each cah state should be entitled to all the privileges and immunities of citizenship of lie tho states stales that the power of n a state slate to prevent a foreign corporation from rom continuing to do business is but the correlative of Its authority to lo t such corpora corporations from coming into the ste that r the state in passing on these questions might take cognizance of oC acts done elsewhere ci arc it Il ma may he safely asserted said he that thal the only upon the tho powers of oC the state to exclude foreign corporations entirely from rom doing busi within their territory and to pro pre proscribe scribe such conditions as the they may deem propel pr pcr to lo the lie carrying on hy by them Item of such busIness are first that the regulations so prescrIbed shall not nol deprive the foreign corporations of wIthout due process of law second that such regula regulatIons lions shall not amount to lo an Interference with interstate commerce or wIth other I Ibm bm business iness or of a federal nature ll It has seemed to me that an e of method of legIslating on this subject would be to enact such laws that no foreign could be licensed to do business within a tale j if 50 O cent o of Its capital stock or upwards was owned or held by any other corporatIon domestic or for foreign eign and that if at any time lime after obtaining such a license more titan than 50 pOI per cent cont of the capital stock of such corporation should lie he acquired by another corporation the tho license should be Ipso facto vacated The Thic device of the tho holding corpora corporation thou tion Is the only thing which has made possible the rapid growth of the great trusts and monopolies and such a law las I would tion go far toward their destruction |