Walker Lake bulletin. (Hawthorne, Nev.) 1883-1926, 1899-12-27


| also believe that the determination
OF the ratio is mere matter of de-
tail, which may be safely left to
friendly Congress without platform
instruction. My contention is that
the ratio is fair subject of discus
sion. The principle Of bimetalism
being established, l think the course
pursued regarding the ratio should
be such as will secure the most favor
able support from the voters.
TRUSTS.
Fourth. AS to the trusts, my view
is that State legislation will fail in
the future, as it has in the past, to
meet the difficulty The remedy
must be Federal one, and as broad
as the entire country. The theories
entertained by the Republican party
as to the powers of the Federal gov
srnment enable it to present the rem
edy, but, controlled as it largely is
corporate weas tn, it has but little
disposition to do So The Democrat
ic party has the disposition to do so,
but its traditional views with refer
ence to the limited powers of the
Federal government, and the reserv-
ed powers of the States, may pre-
vent it from adopting a comprehen-
sive Federal measure. My view is
that the regulation of these great
combinations of capital, whose evils
are thus far more OF apprehension
than realization, can be secured by
publicity of their transactions by
published reports to some bureau Or
gaaized by Congress, which shall col
lect the statistical information that
will furnish a guide to legislation,
and through subsequent internal rev.
enue taxation, 80 imposed upon the
franchises and privileges of corpora
tions, as to compel all corporatio ms
to assume some proportion of the
burdens of the Federal government,
and so graduated as to handicap cor
porations having monopolistic ten
denotes in their competition with in
viduals OF like character. l am op-
posed to lowering the tariff wall as
to trust products. The substitution
in our markets of the products of
foreign trusts for the products of
American trusts simply displaces
American labor TO the advantage of
foreign labor. The remedy is the
tariff wall. do not believe that we
can restore American competition by
belaboring American enterprises with
foreign club.
COMMERCIAL EXPANSION.
Fifth As to expansion, I believe
in commercial expansion, save that
harmonious and legitimate growth
which embraces contiguous CONT
nen tai territory and adjacent islands
necessary to the protection of our
coast. In our scheme OF territorial
growth the Philippines have no part,
but they may well be included in our
scheme of commercial expansion, and
and coaling and naval stations may
we'll be secured there as a part Of
that expansion. 1t is our duty TO
restore order there and establish A
stable government, founded upon the
consent of the governed, and give to
the islands assurance of ultimate in
dependence. Our position is one OF
trust, not ownership, and the trust
should be SO discharged as to main
tain the traditional principles Of our
government and at the same time
secure to US the benefits OF CONNER
cial expansion.
The Democracy will make great
mistake if it deals only with the ab-
stract and theoretical side OF this
subject. No party can afford to ig-
more the commercial instinct OF the
country, and some practical method
must be found to reconcile our com
mercial interests with our theory OF
government.
/ fe FRANCIS G. NEwLANDs.
House of Representatives, Decem-
| ber8, 1899. .&F