I'm putting in a report on this whole matter to the
incoming legislature, Senator Corson."
"Good Heavens! Morrison, you're not advocating the soviet doctrine that
the state can break existing contracts, are you?" shouted the Senator.
"I take the stand that charters do not grant the right for operators of
water-power to charge anything their greed prompts 'em to charge on
ballooned stock. I assert that charters are fractured when operators
flagrantly abuse the public that way! I'm going to propose a legislative
bill that will oblige water-power corporations to submit in public reports
our state engineers' figures on actual honest profit-earning valuation; to
publish complete lists of all the men who own stock so that we may know
the interests and the persons who are secretly behind the corporations."
Corson displayed instant perturbation.
"Such publication can be twisted to injure honest investors. It can be
used politically by a man's enemies. Stewart, I am heavily interested
financially in Daunt's syndicate, because I believe in developing our
grand old state. I bring this personal matter to your attention so that
you may see how this general windmill-tilting is going to affect your
friends.
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