afford such measures. You might
as well refer a servant-girl who couldn't collect her wages, to the Hague
Tribunal, as to send a plain business man to Washington to plead his
cause.

The animus of these statutes is hostility to great corporations. But it is
impossible to legislate against great corporations without hitting the
small ones. Take the case of the recent corporation income tax; the
244,000 corporations exempt from the tax had to make out their inventories
and keep their books and report their proceedings precisely as if they
were liable to the tax. A fine of from $1,000 to $10,000 and a 50 per
cent. increased assessment were the penalties for failure. But the cost of
complying with all the requirements of the law, for a corporation having
an income of two or three thousand dollars, cannot be figured at much less
than the tax. Many corporations have no net income. The managers of these
concerns are not expert book-keepers, and their returns must be in many
cases so inaccurate as to expose them to prosecution if the game were
worth the candle. If we assume that the average cost of making out the
return is only ten dollars, we have a bill of $2,400,000, which the
stockholders, or the employees, or the customers, must pay for the
privilege of demonstrating that the small corporations are not liable to
pay anything at all.

The corporation income tax law was really an act of popular dislike of
corporations exercising great monopolies. Grouping all the little
corporations with them was an absurdity and a cruelty.

Corporations have no feelings. They are not wounded by the hostility of
legislatures. The managers of corporations of large capital have feelings,
and some of them are wounded in their pride by this hostility. But they
need not suffer in their pockets. They are abundantly able to protect
their own property; they know how to make money on the short side of the
market as well as the long side. But the managers of the concerns of small
capital are seldom able to do this. Oppressive laws cause suffering to
them, to the mere holders of stock in all corporations, to the creditors
of all, to the employees, and to the customers. Many of these laws profess
to be meant to favor small people as against big people--to restrain the
rich corporations so that the poor ones may have more liberty. There is no
evidence to show that this result is attained, or that the country would
be better off if it were attained. Bu