The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-09-08

So, ~ puitlg private, as ii tlnguished
from governmental affairs upon the sun.
posed ground. as contended by Senator
fetcr, mat the people would he served
more equitably and at greatly reduced ex-
".iasy Wy puhiic agent working at fixed
salarles than by private persons who use
,hcH business for private ends" None
hANe Atatca the purposes Of this party
more clearly aud strongly than Edwari
'eilainy' me leader in Massachu etts, in
a wei considered article at PROMISES "
ne saId TO harmonic the Industrial ana
commercial system with the poll zeal by
bringing me former under popular govern
ihtnt, as the latter has been brought TO
De administered as the political govern.
iheht Is, ny the equal voice OF all tor the
neRCnt OF all We hold that the india
| tral system of ma ion like its p.,iitiral
| System. ought to be a government of
me people. by the people for the pconle
ana for all OF them equally. TO thai end
we deslre 10 see organizcd as public hGsl-
| ness the industrial and commercial affairs
OF the people SO that they may be car
ried on henceforth like all o,heq public
business by responsible public agents for
me equal benefit OF the citizens" The
/ pan includes, he declares las minor ap-
| plicatlonS of the same principle he ma
| nlcipalizotion and state control of local
iaed ou,iness' Pushing the doctrine au-
| dAciously Ia lis logical conclusion he tn
/ sists that control. ownership or opcraii ion
should comprise all chartered businesses,
| railroads., telegraph ana telephone lines,
mGncpAl lighting. watcrWork-, ferries.
/
and lumber industry. fisheries he liquor
| traffic. Dre and life insurance and all
| leading branches of production and n-
| dusiry. Not content with thus attempting
/ to perVerl he agencies anG functions ui
government, the distinctive pollcie. of this
/ party would pungo us into ccy.air nd
! irr lrieVable bankruptcy. Some Of its
/ National financial measures can only ue
| contemplated with establishment and
| alarm The proposition to own and operate
| the railway, telegraph ana telephone lines
would alone cost s2,0Qpw000 tn bonds
| and would add IN intcre Y $500. go 600 an
| nually TO public expenditures The prin-
! cirnl would constitute an endless public
! deNt end wo ~ easily serve 30 pcrpet-
uato the National banks. il f. cl1inel
| that the interest would be met with the
/ earnings OF the properties above expenses.
! hut this Is untrue. Earning which the
| business will bear will not meet EXPENSES
and in crest on the amount at which iheY
are capitalized. In Texas alone, Under
present rates the money necessary to
pay interest and dividends above the eN-
penses OF the railroads Is about 5000 Vj
yearly for which taxes would he levied.
The populiSt financial me lsures Introduce
recently in congress stagger the croduliiy
of thoughtful aud conservative men ana
would require total appropriation on
an i,suo of bonds, amounting TO $ol,o9'.
100000, as follows;
September ls. 1898, Mr.. Hudson intro
duced house bill No. 3lS5 for the payment
Of pen ions. which Is estimated TO re-
ouire the issue of sl5p0,o0cJo,
September q, 1898, senator PETER in
troduced senate bill No, a7t. TO establish
a bureau OF loans similar 10 that in'ro-
duced in the house by Mr. Davis EST
n.i.cd to require not less than ten billion
dollars. - t,sf,,.. t,,, r,,
durcd house till No. 1850, TO proNlNr "i,'s
t.rt,l.tiltg TtltslN- W .ilAN o. AiN