CONTENTS. Page. Law creating the Bureau of Corporations.... Number of employees and total salary and expenses, Bureau of Corporations, from the establishment of the Bureau, February, 1903, to June 30, 1904, inclusive..... Library of the Bureau Personnel of the Bureau, Purpose and scope of the organic law Work of the Bureau.. Special investigations.. Collection and publication of useful information Insurance. Legal research Economic and statistical work.. Powers of the Commissioner Legal work of the year I. Investigation of State and Territorial corporation laws and records... Compilation of corporation laws-arrangement Corporate records Corporate taxation Field investigations... Examination of records.... Specific corporations examined... Corporate taxation States visited... II. Consideration of constitutional powers and restrictions Powers of the Bureau.. Interstate commerce.. United States corporations State powers in relation to interstate commerce and United States corporations Foreign corporation law Digest of “anti-trust” legislation. Economic investigations ... Outline for digests of information. Investigation of beef industry Insurance work of the year Compilation of insurance laws-general outline. Letter to insurance commissioners and others Complaints .. General policy 9 10 10 11 12 12 12 13 13 14 14 15 16 16 19 21 22 23 24 24 25 25 25 26 26 26 27 27 27 28 28 29 29 32 34 34 Laws affecting commercial conditions.. Fundamental theory of corporation law... Peculiar characteristics resulting in peculiar evils... Ground for governmental regulation... Present system of incorporation by States. Comparative efficiency of various classes of statutes. Constitutional powers of Congress over corporate business Remedial legislation suggested Delegation to States of control of interstate commerce APPENDICES. Appendix A.–Federal incorporation-Can Congress create corporations to engage in interstate commerce and also grant them franchises to produce? Power to produce as an appropriate incidental. Power to produce as an absolute essential ... Appendix B.-Federal franchise system for interstate commerce- -Considera- Fundamental purpose of the act. Questions of administration and enforcement. Definition of interstate commerce... Matters to be left in control of States.. Outline of essential machinery Appendix C.-Federal franchise system v. Federal incorporation... Comparison in detail of advantages and objections Appendix D.-Corporate franchises as necessary instrumentalities of interstate commerce-Present insecure position of interstate commerce based on State LETTER OF TRANSMITTAL. DEPARTMENT OF COMMERCE AND LABOR, OFFICE OF THE SECRETARY, Washington, December 19, 1904. SIR: I have the honor to transmit herewith the first general report of the Commissioner of Corporations, covering the period from the organization of the Bureau to June 30, 1904. Very respectfully, V. H. METCALF, Secretary. The PRESIDENT. 5 |