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Story
June 11, 1907
Waterbury Evening Democrat
Waterbury, New Haven County, Connecticut
What is this article about?
Attorney General Bonaparte states the government is weary of corporate fines that burden stockholders rather than punish officials, proposing jail terms for violators instead.
OCR Quality
85%
Good
Full Text
Attorney General Bonaparte has announced in an interview that the government is about tired of imposing fines on big corporations that recklessly disregard the law. He says that while an accumulation of fines reaching a large amount may act as a deterrent, such penalties only too frequently are paid out of the treasury of the corporation, whether they are assessed against individual officers or not, and result only in decreasing the company's dividends and thus striking many innocent stockholders without affecting the high officials who are really at fault. He intimates that a jail sentence which will have to be served by the officials against whom it is directed seems a much simpler and more effective measure.
This will be bad intelligence for the managers of many big corporations who supposed they were law-proof. It will be interesting to see whether the attorney general will have the hardihood to put his threat into execution.
This will be bad intelligence for the managers of many big corporations who supposed they were law-proof. It will be interesting to see whether the attorney general will have the hardihood to put his threat into execution.
What sub-type of article is it?
Historical Event
What themes does it cover?
Justice
Crime Punishment
What keywords are associated?
Corporate Fines
Jail Sentences
Government Policy
Attorney General Bonaparte
What entities or persons were involved?
Attorney General Bonaparte
Story Details
Key Persons
Attorney General Bonaparte
Story Details
Attorney General Bonaparte announces the government is tired of fining corporations for law-breaking, as fines harm innocent stockholders without affecting guilty officials. He suggests jail sentences for officials as a more effective deterrent.