Tom Watson's Magazine, Vol. I, No. 3, May 1905Various
History
Tom Watson's Magazine, Vol. I, No. 3, May 1905
Various
United States -- Politics and government -- Periodicals
The public has heard a good deal about legislation that would discourage
capital from being invested in the state enacting the legislation. It has
been said that the passage of laws calculated to regulate the business
of large corporations would have the effect of driving them away. Kansas
just now is giving us an object-lesson along this line. The laws recently
passed by the Legislature in that state are perhaps the most drastic in
their nature ever passed by any state for the control and regulation
of corporations, yet the prospect is that more capital will go to that
state than ever before. Although the state is now engaged in building an
oil refinery, there are several other independent refineries projected,
with a good prospect for more to come. It is evident that capital has
not as much to fear from the people, when it is legitimately invested
and operated, as it has from the arrogant aggressions of such enormous
concerns as the Standard Oil Company that will brook no competition. If
capital will be satisfied with a fair profit it has nothing to fear from
the people, while, on the other hand, independent concerns that operate
legitimately in any line of business have much to fear from the great
trusts that have been built up through favors granted them by railroads
and municipalities.
_Flying the Kite_
HUDSON—Do you think they will be able to get along on $10,000 a year?
BUDSON—They ought to. With that much money they should manage to run in
debt for another ten thousand.
* * * * *
The rich man may defy the laws of the land and keep out of prison, but
when he gets dyspepsia from eating things out of season he realizes that
he can’t defy the laws of nature.
_The Heritage of Maxwell Fair_
BY VINCENT HARPER
_Author of “A Mortgage on the Brain”_
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