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Updated: September 22, 2025
A clause had been inserted in the state constitution of Wisconsin which declared that all laws creating corporations might at any time be altered or repealed by the legislatures. The constitution of Minnesota asserted specifically that the railroads, as common carriers enjoying right of way, were bound to carry freight on equal and reasonable terms.
Monsieur de Fouras is of opinion that salvation, the solution of the labour question, lies simply in the re-establishment of the old free corporations, whilst Monsieur de la Choue desires the corporations to be obligatory, protected by the state and governed by new regulations. This last conception is certainly more in agreement with the social ideas now prevalent in France.
The rapid multiplication of questions affecting labor and capital, the growth and complexity of the organizations through which both labor and capital now find expression, the steady tendency toward the employment of capital in huge corporations, and the wonderful strides of this country toward leadership in the international business world justify an urgent demand for the creation of such a position.
This control of the Northwestern railway systems was to be effected by organizing a new "holding" company, and exchanging its stock against the stock of the various corporations engaged in railway transportation throughout that vast territory, exactly as the Sugar Trust had acquired control of the Knight company and other concerns. This company was called the Northern Securities Company.
Millions of individuals and corporations are making a direct contribution to the National Treasury which runs from 11/2 to 25 per cent of their income, besides a number of special requirements, like automobile and admission taxes. Whenever the state of the Treasury will permit, I believe in a reduction of taxation. I think the taxpayers are entitled to it.
People heard from him political speaking of a new kind; full of weighty instruction and yet so simply phrased and so aptly illustrated that the simplest minded could follow the train of reasoning; profound in political philosophy and yet at every step humanized by one who believed government the most human of things because concerned with the happiness and welfare of individuals; sometimes he spoke in parables, homely anecdotes so applied that all could understand; sometimes he was caustic when he commented on the excessive zeal of corporations for strict constitutionalism, meaning thereby only such legislation and judicial interpretations as would defend their property rights how they had secured those rights being a question not discussed by these gentlemen; sometimes, though not frequently, there would be purple patches of eloquence, particularly when descanting on the long struggle of the inarticulate masses for political representation.
In addition also no tithes are levied, except on lands belonging to Spaniards, churches, regular clergy, ecclesiastical corporations, etc., and even then the articles of rice, wheat, pulse indigo and sugar, are alone liable.
They contributed impartially to the Republican and Democratic campaign funds. They had Republican Assemblymen and Democratic Assemblymen in their service, and their lobbyists worked harmoniously with either party. Merely to suggest that the special privileges of the corporations might be open to discussion was sacrilege.
In one of the debates upon corporations Robinson took part, perhaps upon the Nantucket "camel" question, and made the best speech to which I have ever listened in defense of the system. The corporation system has yielded larger returns to Massachusetts than she has received from any other feature of her domestic policy, excepting only her system of public instruction.
The act goes on to require the corporations to make periodical reports concerning their business and affairs, and confers on the Commissioner of Internal Revenue a visitorial power to examine and compel further returns. The genesis of the act is interesting.
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