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I said: "But such an investigation and possible prosecution of corporations whose prosperity or destruction affects the comfort not only of stockholders but of millions of wage earners, employees, and associated tradesmen must necessarily tend to disturb the confidence of the business community, to dry up the now flowing sources of capital from its places of hoarding, and produce a halt in our present prosperity that will cause suffering and strained circumstances among the innocent many for the faults of the guilty few.
These stations were movable, and changed from time to time to suit the convenience of the Indians. In 1822 the whole system was abolished by act of Congress, and its affairs wound up, the American Fur Company, the Missouri Fur Company, and a host of others having by that time become powerful. Like the great corporations of to-day, they succeeded in supplanting the government establishments.
Pierre realised that the conversation was straying away from his book, but he remembered having promised the Viscount that if he should see the Pope he would make an attempt to obtain from him a decisive expression of opinion on the famous question as to whether the working-class guilds or corporations should be free or obligatory, open or closed.
There were board meetings of corporations and hospitals, conferences in Wall Street and at Albany, consultations and committee meetings in the brownstone mansion.
The newly-modelled corporation of Bedford seems like the other corporations through the country, to have proved as unmanageable as the old. As Macaulay says, "The sectaries who had declared in favour of the Indulgence had become generally ashamed of their error, and were desirous to make atonement."
These are the men who seek to excite a violent class hatred against all men of wealth. They seek to turn wise and proper movements for the better control of corporations and for doing away with the abuses connected with wealth, into a campaign of hysterical excitement and falsehood in which the aim is to inflame to madness the brutal passions of mankind.
He was one of the great railway presidents, was universally regarded as a power, though I, of course, knew that he, like so many other presidents of railways, of individual corporations, of banks, of insurance companies, and high political officials in cities, states and the nation, was little more than a figurehead put up and used by the inside financial ring.
"From the days of the Roman Empire down to the present time," said Toombs, "it has never been denied that the state has power over the corporations." At once the State was in an uproar. "Toombs is attempting a new revolution," was alleged. He was charged with leading an idolatrous majority into war upon the rights of property. Conservative men like Jenkins deprecated the agitation.
In the Standard Oil case the Supreme and Circuit Courts found the combination to be a monopoly of the interstate business of refining, transporting, and marketing petroleum and its products, effected and maintained through thirty-seven different corporations, the stock of which was held by a New Jersey company.
Though she had no intention of ceding any of her political power, she formed the nobles of each province into a corporation, with periodical assemblies, which were supposed to resemble the French Provincial Parliaments, and entrusted to each of these corporations a large part of the local administration.
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