The Montgomery advertiser., 1905-09-24

crossing of everything in the Dingley schedule. In his letter of accordance Of the Republican nomination for Pres ident, Mr. Roosevelt had indulged him. self at exceptional length on the sub Ject. but more in the way of ridiculing Democratic efforts and concluding that revision must come only from those who are committed to the cause of pro- lection. The President quoted a speech he had made at Minneapolis in April 1903, in which he contended that the tarin had nothing to do with the trusts and in which he made this re- markable declaration: The tariff af- fects trusts only as 1t affects all other interests. It makes all these interests, large or small, profitable; and its ben- etlts can be taken from the large only under penalty of taking them from the small also"
 .. Railway Rate Regulation.
 It is accepted as a foregone conclu- sion that the President will have much to say on the subject of railway rate regulation in his forthcoming message. and there is much speculation as to how he has been affected by the mani- fest tndisposition of. the Republican l Congress to do anything that he has urged in this direction. It seems to be generally the impression that as en1- | bodied in the Esch-Townsend bill 1t is one of those measures that has seen better days" with no tangible prospect of recrudescence at the hands of a Re- 1 publican Congress. Chairman Elkins | of the Senate Committee on Interstate Commerce has called a meeting of the committee to commence November l5 Although the committee has had a se- ries of hearings on the question the tes- | timony brought out has come in great est measure from the railway side and | awA1 wnrRe shrewdness to leave the committee to all appearances no nearer a solution of the problem than when 1t was first ap- preached by Congress.
 Concluding what he had to say in his last message on the subject of rail- way rates, President Roosevelt said: The Government must in increasing degree supervise and regulate the workings of the railways engaged in interstate commerce; and such in- creased supervision Is the only altern- ative to an increase of the present evils on the one hand or a still more radical policy on the other Tn my Judgment the most important legisla- tive act now needed as regards the reg ulation of corporations is this act to confer upon the Interstate Commerce Commission the power to revise rates and regulations. the revised rate to 70 into effect at once, and to stay in ef feet unless and until the court of re- view reverses 1t.
 There has been no evidence in any quarter that the views of the PresI dent on this subject will prove more effectual with the Fifty-ninth than thev did with the Fifty-eighth Congress. not withstanding the gossip that there Is A split in Chairman Elkins' committee 1t being said that Senators Deliver and Cullom agree with the President and look for Democratic aid to evolve a measure. But the Democrats have nev- CT at any time during the hearings of the Senate Interstate Commerce Com mittee given any indication of leaning to any particular policy.
 Shall Insurance Be Regulated.
 Recent questionable transactions bv the managers of the great life insur. ance companies which are now under going investigation in New York have brought the matter of possible Con gressional legislation with respect to these corporations home to the businAsa and bosoms of many people, and if Ia not doubted that in some form or other Congress will be asked to do some thing to restore the confidence of inc public which has recently suffered many grievous surprises on account of the revelations afforded by the investieas tions.
 On the subject of insurance xerera,,,, President Roosevelt in his last message said this:
 The business of insurance vttaIIv af- fects the great mass of the peopie of the United States and is national ana not local in its application. It invoivss a multitude of transactions amons tbs people of the different States ana bas tween American companies and foreign governments. l urge that Congress carefully consider whether the ,ou,sr of the Bureau of Corporations can uot