Music Trade Review
Issue: 1906 Vol. 43 N. 22 - Page 12
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
12
THE MUSIC TRADE
REVIEW
ings into permanent property interests; no pains property is turned in, its value must be judicially
were ever taken to furnish the worker with a ascertained. Upon officers and directors is not
medium through which he might with reasonable conferred supreme power; in the German corpo-
On the Way to Control Trusts—How the Na-
safety transmute a part of his day's profits into ration the shareholders' meeting is the counter-
tion and States Could Compel Them to
a permanent property interest; no pains were part of our New England town meeting—a gen-
Submit—Problem Solved in Germany—In
taken to interest either worker or people as pro- uine assembly intended to do something more
the Reconstructed Corporation Inducements
prietors at all, the one instrumentality in which than pass resolutions or approval.
to Obtain Proprietorship Would be Held Out
"I am not holding up the industrial life of the
the new industrial life had embodied itself hav-
to Employes—An Able Disquisition.
ing been left, though the State created a mere Germans as an example of what our own should
shell under whose roof and behind whose walls be, or their corporation as an institution to be
United States Judge Peter S. Grosscup, of Chi- free rein was given to every form of treachery! followed, line by line, in our own work of recon-
cago, speaking in Kansas City, a few days ago and nearly every form of theft. This is the great struction. We have found for our workman ways
upon the trust problem and its solution, pointed black sin of the times in which we live.
for increasing his share in the division of the
out that thirty years ago the German people
"But now, you ask, would you remove the profits of enterprise that the German workman
went through corporation experiences very simi- causes—how rebuild the corporation? Let me take does not enjoy. What the American in the ordi-
lar to those through which we are now passing, you, for an illustration, always remembering that nary walks of life could lay by for investment is
and worked out a remedy that has proved thor- it is an illustration only, to that country that has larger, happily much larger, than anything the
ough in its effectiveness.
led the world in solving some of the world's great German can lay by. But the example is none the
In view of the different conditions obtaining problems. Thirty years ago the German people less valuable, for if on such conditions the Ger-
in the United States he did not consider the Ger- went through corporation experiences much like man corporation could be reconstructed on lines
man remedy altogether applicable to the evil in our own. There, as here, the corporation, as that have successfully interested as proprietors
this country, but he particularized some of the originally designed, was a mere shell. There, to the extent of their means, the German people
principles on which he said the reconstruction of as here, under the shelter of that shell, the prop- at large—resulting in the fact that it is not upon
American corporations should take place.
erty of the country was being transferred from her corporate industries, but upon her unjust
"Unquestionably the important position that the German people at large, even the little they landed proprietorship alone that the forces of
Mr. Hearst has obtained in the politics of New had, to the few.
German Socialism are directed—what may not
York, and in the politics of the country, is due
"There, thirty years ago, as here now, great be expected in America when the work of cor-
more than to all other causes combined to the corporate scandals were exposed. And there, as porate reform, in the true spirit of reform, is un-
relation that the corporations of the country are here, the human nature that is everywhere be- dertaken and accomplished?
believed to tear to the people of the country and hind civilization eventually began to recoil. It
"But while I am not attempting in detail to
to Mr. Hearst's attitude on the questions that began there before it began here, only because point out the exact structure of the American
those relations raise. And out of this corpora- conditions reached a climax there earlier than corporation, as it should stand when reconstruct-
tion question, too, Mr. Bryan has obtained his here and because we as a people were too prosper- ed, some of the principles on which the recon-
political power and Mr. Roosevelt his foremost ous and too busy to look even a little way be- struction should take place, can be particularized.
power and position.
The reconstructed corporation, for instance,
neath the surface of things.
"No one not purposely closing his eyes is blind
"But when the work of reform did come there should have no place in it for those schemes of
to what the chief cause of all this is. That cause it was a genuine reform. It did not content itself spoliation that, within or without, plunder the
is not in the mere fact that the great new in- with indiscriminate denunciation or with mere people whose capital has created it, and whose
dustrial life of the country is an incorporated lawsuits. Nor did it die out, leaving the door patronage must support it.
life; the new industrial life could have become open to every character or corporation the cun-
"In the reconstructed corporation the securi-
incorporated as fully as it is incorporated with- ning of men might conceive. Before a corpora- ties issued must be related in some way to the
out producing these results.
tion can be organized in that country it must values actually put in. In the reconstructed cor-
"The trouble has been that no pains were taken prove, as in a court proceeding, its rightful title poration, not only must the officers be trustees of
by the States that gave great corporations birth to a corporate existence. In the same way it the stockholders, held to the strict accountability
to make them media through which the people must establish the amount and the character of
to which individual trustees are now held, and
at large might transmute their individual sav- the capitalization it is allowed to put out. When denied the privilege as individual trustees are
JUDGE GROSSCUP'S TIMELY SPEECH
,*;.
THE
IMSIGNIJi OF QUALITY
TIME TO ACT
CJ Prompt action is necessary if you want the agency for the H. P. NELSON
piano next year. Half our 1907 output is already arranged for.
CD We want only first-class dealers looking for the best of instruments.
IJ To such we will send upon application a set of photographs of our styles,
handsomely bound. -
H. P. N E L S O N
C O . , 1102-1108 Marianna Street, CHICAGO
12
THE MUSIC TRADE
REVIEW
ings into permanent property interests; no pains property is turned in, its value must be judicially
were ever taken to furnish the worker with a ascertained. Upon officers and directors is not
medium through which he might with reasonable conferred supreme power; in the German corpo-
On the Way to Control Trusts—How the Na-
safety transmute a part of his day's profits into ration the shareholders' meeting is the counter-
tion and States Could Compel Them to
a permanent property interest; no pains were part of our New England town meeting—a gen-
Submit—Problem Solved in Germany—In
taken to interest either worker or people as pro- uine assembly intended to do something more
the Reconstructed Corporation Inducements
prietors at all, the one instrumentality in which than pass resolutions or approval.
to Obtain Proprietorship Would be Held Out
"I am not holding up the industrial life of the
the new industrial life had embodied itself hav-
to Employes—An Able Disquisition.
ing been left, though the State created a mere Germans as an example of what our own should
shell under whose roof and behind whose walls be, or their corporation as an institution to be
United States Judge Peter S. Grosscup, of Chi- free rein was given to every form of treachery! followed, line by line, in our own work of recon-
cago, speaking in Kansas City, a few days ago and nearly every form of theft. This is the great struction. We have found for our workman ways
upon the trust problem and its solution, pointed black sin of the times in which we live.
for increasing his share in the division of the
out that thirty years ago the German people
"But now, you ask, would you remove the profits of enterprise that the German workman
went through corporation experiences very simi- causes—how rebuild the corporation? Let me take does not enjoy. What the American in the ordi-
lar to those through which we are now passing, you, for an illustration, always remembering that nary walks of life could lay by for investment is
and worked out a remedy that has proved thor- it is an illustration only, to that country that has larger, happily much larger, than anything the
ough in its effectiveness.
led the world in solving some of the world's great German can lay by. But the example is none the
In view of the different conditions obtaining problems. Thirty years ago the German people less valuable, for if on such conditions the Ger-
in the United States he did not consider the Ger- went through corporation experiences much like man corporation could be reconstructed on lines
man remedy altogether applicable to the evil in our own. There, as here, the corporation, as that have successfully interested as proprietors
this country, but he particularized some of the originally designed, was a mere shell. There, to the extent of their means, the German people
principles on which he said the reconstruction of as here, under the shelter of that shell, the prop- at large—resulting in the fact that it is not upon
American corporations should take place.
erty of the country was being transferred from her corporate industries, but upon her unjust
"Unquestionably the important position that the German people at large, even the little they landed proprietorship alone that the forces of
Mr. Hearst has obtained in the politics of New had, to the few.
German Socialism are directed—what may not
York, and in the politics of the country, is due
"There, thirty years ago, as here now, great be expected in America when the work of cor-
more than to all other causes combined to the corporate scandals were exposed. And there, as porate reform, in the true spirit of reform, is un-
relation that the corporations of the country are here, the human nature that is everywhere be- dertaken and accomplished?
believed to tear to the people of the country and hind civilization eventually began to recoil. It
"But while I am not attempting in detail to
to Mr. Hearst's attitude on the questions that began there before it began here, only because point out the exact structure of the American
those relations raise. And out of this corpora- conditions reached a climax there earlier than corporation, as it should stand when reconstruct-
tion question, too, Mr. Bryan has obtained his here and because we as a people were too prosper- ed, some of the principles on which the recon-
political power and Mr. Roosevelt his foremost ous and too busy to look even a little way be- struction should take place, can be particularized.
power and position.
The reconstructed corporation, for instance,
neath the surface of things.
"No one not purposely closing his eyes is blind
"But when the work of reform did come there should have no place in it for those schemes of
to what the chief cause of all this is. That cause it was a genuine reform. It did not content itself spoliation that, within or without, plunder the
is not in the mere fact that the great new in- with indiscriminate denunciation or with mere people whose capital has created it, and whose
dustrial life of the country is an incorporated lawsuits. Nor did it die out, leaving the door patronage must support it.
life; the new industrial life could have become open to every character or corporation the cun-
"In the reconstructed corporation the securi-
incorporated as fully as it is incorporated with- ning of men might conceive. Before a corpora- ties issued must be related in some way to the
out producing these results.
tion can be organized in that country it must values actually put in. In the reconstructed cor-
"The trouble has been that no pains were taken prove, as in a court proceeding, its rightful title poration, not only must the officers be trustees of
by the States that gave great corporations birth to a corporate existence. In the same way it the stockholders, held to the strict accountability
to make them media through which the people must establish the amount and the character of
to which individual trustees are now held, and
at large might transmute their individual sav- the capitalization it is allowed to put out. When denied the privilege as individual trustees are
JUDGE GROSSCUP'S TIMELY SPEECH
,*;.
THE
IMSIGNIJi OF QUALITY
TIME TO ACT
CJ Prompt action is necessary if you want the agency for the H. P. NELSON
piano next year. Half our 1907 output is already arranged for.
CD We want only first-class dealers looking for the best of instruments.
IJ To such we will send upon application a set of photographs of our styles,
handsomely bound. -
H. P. N E L S O N
C O . , 1102-1108 Marianna Street, CHICAGO
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