Business & Finance: Federal Charters?

Early in the Century when Roosevelt I was jousting with Big Business, the idea of a Federal incorporation law was seriously pondered. But, as the nation grew richer, the subject of corporate reform grew less interesting. Last week, under Roosevelt II national charters were up again, this time in the sixth report of the Senate Banking & Currency Committee on their findings of the past three years. Said the Committee:

"The cure for our corporate ailments, circumvention of the law, investment trust and holding company abuses and interlocking directorates may lie in a...