Power of Uncle Sam.
An example of the power of the federal authorities was given when Secretary of State Rose of Illinois was trying to keep the swindling investment companies out of the state. This was before the enactment of the present law regulating the licensing of corporations. A number of concerns had been formed in southern states, and they were insolently demanding licenses to do business in Illinois. The secretary of state was powerless under the Illinois statutes, but when the matter was called to the attention of the federal authorities they wiped out the whole lot of companies with a postal fraud order.