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Show Wise Counsel Should Prevail once it became law it would set up a precedent that would strike deep in the heart of ALL business, including includ-ing the one in which you are engaged. engag-ed. Never was this more clearly stated than by the Administration itself, when Mr. Roosevelt recently gave his tax message, calling for extreme, confiscatory taxation of "unnecessary "unneces-sary holding companies" in every line of business. When federal bureaucrats back in Washington endorse such out-and-out socialistic measures as this, it ki high time for every fairminded American citizen to protect himself by making his objection known. Wocdrow WiI:.on, in addre:.:.ing the American Bar Association in 1910, dirclared: "Corporations do not go wrong. Individuals K wrong. You cannot punish corporations. Fines fall heavily an the wrong perrons; more heavily upon the innocent than on the guilty . . . Uxm the stockholders and the customers rattier than u;xsn the men who direct the business. "If you di.-solve the offending cor-jKrai.lou, cor-jKrai.lou, you throw great undertakings undertak-ings out of gear. You merely drive , what you are seeking to cheek into other forms ' ' ' ' to the infinite loss of thousands of entirely innocent persons and to the great inconven- lence of society as a whole. "Law can never accomplish its objects In that way. It can never bring peace or command respect by such futilities." How American, how common-sense, common-sense, how constructive these words sound in the face of the nationalistic, nationalis-tic, destructive spirit that is flooding our administrative offices in Washington Wash-ington today! Let these in Congress who favor such dangerous legislation as the Wheeler-Uaybum public utility bill find counsel in these words, for they aro admirably typical of the spirit of liberty and progress upon which America has flourished. Passage of the Wheeler -Rayburn Bill would not stop with the Federal domination and ultimate ownership of the nation's electric industry, for |