The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1904-12-10

alike: a feeling of respect on the part or
each man for the rights of others; a ieei-
ing of broad community of interest, not
merely of capitalists among themselves
and Of wage workers among themselves.
but of capitalists and wage workers In tneir
relations to each other, and of both IN their
relations to their fellows who with theHn
make up the body polite. There are many
captains of industry. many labor leaoefs'
who realize this. |
The bureau of corporations has MADE
careful preliminary investigation of many
important corporations. 1t will make d
special report on the beef industry.
The policy of the bureau is to accomplish
the purposes of It's creation by cooperation,
not antagonism; by making CONSTRUCTIVE
legislation. not destructive prosecution,
the Immediate object Of it's inquiries; by
conservative investigation or law ana iact,
and by refusal to issue incomplete anu
hence necessarily inaccurate reports us
policy being thus one OF open inquiry INTO,
and not attack upon, business. the bureau
has been able to gain not only the conn
dence. but, better still, the cooperation Oh
men engaged In legitimate business.
The bureau offers to the congress the
means OF getting at the cost or production
of our various great staples OF conlmerce.
OF necessity the careful Investigation OF
snecial corporations will afford the COM
missioner hHO" 1CdSS
| facts. the publication of which might be an
imnroper INFRINGEMENT of private rights.
| The method of making pubic the results
of these Investigations affords, unoer the
law. a means for the protection OF prlVate
rights. The congress will nave all iacts
except such as would give to another cor
| poration information which would inJure
the legitimate business of a competitor ana
DESTROY the incentive for individual supe-
riority and thrift.
The bureau has also made exhaustive
examinations into the legal condition I'M
der which corporate business is carried
on in the various states; into all judicial
\ decisions on the subject; and into the
various systems of corporate taxation IN
use. l call special attention to the report
of the chief Of the bureau; and earn
estly ask hat the congress carefully con-
slider the report and recommendation OF
the commissioner on this subject.
The business of insurance vitality a1ects
the great mass of the people or the
limited States and is national and not
local in it's application. 1t involves a
multitude of transactions among the peo-
ple of the different states and DetWeen
American companies and foreign govern
ments. 1 urge that the congress care
fully consider whether the power OF the
bureau of corporations cannot constltu-
tionally be extended to cover interstate
transactions in Insurance..
Above all else, we must strive to keep
the highways of open to all on
equal terms; and to do this it is neces-
sarv to put a complete stop to all re-
bates. Whether the shipper or the rail-
road is to blame makes no difference;
the rebate must be stopped, the abuses
of the private car and private terminal
track and side-track systems must De
stopped. and the legislation of the Fifty
1s-l4I MORO which declares II 10 De
unlawful for any person or corporation
to offer, grant, give, solicit, accept OF
receive any rebate, concession or dlscrlm-
nation in respect Of the transportation
of any property in interstate or forelgn
commerce whereby such property shall
by any device whatever be transported al
a less rate than that named IN the tarlls
published by the carrier must be en-
forced. For some time after the enact
ment of the act to regulate IL
remained a mooted question Whether ina
act conferred upon the interstate com
merce commission the power, after II mao
found a challenged rate to be unreasoh-
able to declare what thereafter should
prima facie, be the reasonable maximum
rate for the transportation in dispute
The supreme court finally resolved ina
question in the negative, so that as the
law now stands the commission Simply
possess the bare power to denounce .
particular rate as unreasonable. While
am of the opinion that at present L
would be undesirable, If 1t were not i'm
practicable, finally to clothe the commits
: sion with general authority to NIX ran
road rates, 1 do believe that, as a ran
). security to shippers, the commission
. should be vested with the power, where
! a given rate has been challenged AM
= after full hearing found to be unreason
4 able, to decide, subject to Judlclai re
> view. what shall be a reasonable rate U
take it's place; the uling or the com
mission to take effect Immediately, an
e to obtain unless and until it is reversed
o by the court of review. The government
r must in increasing degree supervise an
t regulate the workings of the railway
engaged in interstate commerce; ana sue
increased supervision is the only alterna
V tive to an increase of the present evil
: on the one hand or a still more radlca
g policy on the other. In my judgment TN
: most important legislative act now need
ed as regards the regulation OF corpord
ions is this act to confer on the inter
a state commission the power |
revise rates and regulations, the revise
rate to at once go into effect, and to sta
r in effect unless and until the court or re
e view reverses it.
II Department of Agriculture.
: The department of agriculture has grow
It into an educational institution with a fat
IS ulty of 1000 specialists making researc
h into all the sciences of production. III
'e congress appropriates, directly and ind
n rectly. Sc, COO, 600 annually to carry on tn
work. 1t reaches every state and terr1tor
in the union and the island of the sea lat
Nv come under our flag. Cooperation is ha
n with the state experiment stations, al
% with many other institutions and indlvl'
n uals. The world is carefully searched Il
o new varieties of grains, fruits, grasse
- vegetables. trees and shrubs, suitable
various localities in our country; ar
J. marked benefit to our producers has r
" suited.
# The activities of our age In lines or r
IA search have reached the tillers OF the sc
N and inspired them with ambition to kno
m more of the principles that govern II
ar forces of nature with which they have
in deal. Nearly half Of the people OF tn
le country devote their energies to grown
e. things from the soil. Until a recent da
N little has been done to prepare these mi
lions for their life work. In most lines
in human activity college trained men a
+ the leaders. The farmer had no oppo
b. tunity for special training until the co
G. gress made provision for it 40 years ag
a. During these years progress has been ma
NJ and teachers have been prepared. OV
ey 5000 students are in attendance at our sta
ID agriculture colleges. The federal cover
~ ment expends &c. 0 900 annually iowa
to this education and for research in was
nd ington and in the several states and ter