Whereas, Under the operation of these promoter-made laws enormous and widespread losses to innocent persons all over the country and throughout the civilized world have resulted;
Resolved, That this Congress earnestly favors the amendment of these laws and calls upon the President and the United States Congress to enact such legislation affecting the incorporation and control of corporations as will bring the creation and conduct of these creatures of the State back to the moorings of common honesty.
I would like to say that, like most of the previous speakers, I have given this subject very careful attention. I was chairman of a committee, a civic and economic committee of our State, which committee spent eight months in considering this subject, and I want to say that you cannot appreciate the widespread loss, the injury, the injustice of improper concentration of wealth that has been the direct outgrowth of these laws in our own State and other States of the Union.
President White—The resolution will be referred to the Resolutions Committee.
The Congress now stands adjourned until 2:30 o’clock this afternoon.
[EIGHTH SESSION.]
The Congress assembled at the Coliseum, at the State Fair Grounds, Indianapolis, on the afternoon of October 3, 1912, and was called to order by President White.
President White—This Conservation Congress was to have been addressed today by the Governors of two of the States. I am very sorry to announce that Governor Hadley, of Missouri, is unable to attend.
This Congress is greatly honored today. The city of Indianapolis is greatly honored today. The State of Indiana is greatly honored, and I personally am greatly honored. I feel honored in having the privilege of presiding over a meeting at which our distinguished guest is to speak.