Frequently the corporation has nothing whatever to do
with the state in which it is incorporated except to get incorporated;
and all its business may be done in entirely different
communities--communities which may object very much to the methods of
incorporation in the state named. I do not believe that you can get any
action by any state, I do not believe it practicable to get action by
all the states that will give us satisfactory control of the trusts, of
big corporations; and the result is at present that we have a great,
powerful, artificial creation which has no creator to which it is
responsible. The creator creates it and then it goes and operates
somewhere else, and there is no interest on the part of the creator to
deal with it. It does not do anything where the creator has power; it
operates entirely outside of the creator's jurisdiction.
It is, of course, a mere truism to say that the corporation is the
creature of the state, that the state is sovereign. There should be a
real and not a nominal sovereign, some one sovereign to which the
corporation shall be really and not nominally responsible.
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