. The National Civic Federation review . y requiring all corporations doing Inter-Statebusiness to Incorporate federally, whose stocks orbonds are either listed upon the exchanges or sold chusetts. South Dakota is not the same as Pennsyl-vania. A system of taxation may still work fairlywell for an agricultural community and may be en-tirely unsuited for its industrial neighbor. Yet,he continued, even here it must be remembered thatin Mississippi and South Dakota, as well as in Massachusetts and Pennsylvania, we find the railroad, thetelegraph, the electric light and the bank—i. e., someof the
. The National Civic Federation review . y requiring all corporations doing Inter-Statebusiness to Incorporate federally, whose stocks orbonds are either listed upon the exchanges or sold chusetts. South Dakota is not the same as Pennsyl-vania. A system of taxation may still work fairlywell for an agricultural community and may be en-tirely unsuited for its industrial neighbor. Yet,he continued, even here it must be remembered thatin Mississippi and South Dakota, as well as in Massachusetts and Pennsylvania, we find the railroad, thetelegraph, the electric light and the bank—i. e., someof the agencies of a complex modern society—in themidst of a new, pioneer, or still primitive economiccommunity. . An unequal tax on a farmerin one State may make it difficult for him to sell hisproduct in the worlds market; an unjust tax uponthe manufacturer or business man may drive himout of the business in that State; an unfair taxupon a corporation may cause it to move to anotherState. Action by any State is sure to react upon its. JOHN HAYS HAMMOND. neighbor. The business of the United States has be-come national and international. Elihu Root, in 1906, when he was Secretary ofState, in an address before the Pennsylvania Society,declared, No State can live unto itself alone, andinsisted that it is the duty of each State to framelaws and administer the public business with refer-ence not only to its own social affairs, but with refer-ence to the effect upon its sister States. And has recently pointed out the need of patrioticand intelligent action in strengthening the efficiencyof the State governments. In his address at Albany, in January, 1909, hesaid: But there are two dangers coming with the de-velopment: One is the danger that the NationalGovernment will break down in its machinery upon the curb. In other words, it is ordinarily onlysuch corporations that attain a magnitude sufficientlygreat to involve serious questions of public is no object whatever
Size: 1440px × 1735px
Photo credit: © Reading Room 2020 / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1900, booksubjectlaborandlaboringclas
