Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1906-08-31

on rather than of force.
Another subject connected With
our foreign relations: Many profita-
bile fields for investments are now
closed because the people of ths
smaller nations are afraid that an in
vestment of foreign capital would be
made an excuse for foreign invasion.
Several times on this trip this fact has
been brought to my attention and
am confident that for every dollar we
can secure to American investors by
an attempt to put the government
back of their private claims we would
lose many dollars by closing the door
to investment.
Let me add that our nation has
lost prestige. rather than gained ii,
by our experiment in colonalsm. We
have given the monarchist a chance
to ridicule our declaration of inde-
pendence. and the scOffer has twltted
ms with the inconsistency. A tour
through the Philippine islands has
deepened the conviction that we
should lose no time in announcing our
purpose TO deal with the Filipinos as
| we dealt with the Cubans. Every
consideration commercial and politl-
cal. leads to the conclusion.
Senate Bulwark OF Corruption.
Il return more convinced than be-
fore of the importance of a change in
the method of electing United States
+ senators.
I'm all the countries which | have
visited there is a demand that the
government should be brought nearer
TO the people. | am within the limits
of the truth when / say that the sem
ate has been for some years the bull
wark of predatory wealth and that 1t
even now contains so many members
who owe their election to favor-seek-
/ ing corporations and are so subservi-
ent to their masters as to prevent
needed legislation.
The Income Tax Defended.
The income tax. which some in
our country have denounced as So
cialistic attack upon wealth, | am
pleased to report has the endorse
ment of the most conservative coun>
tries in the old world.
1T IS little short of disgrace to our
country that while 1t is able to COM
mand the lives of its citizens in time
of war, ii cannot even i'm the most
extreme emergency compel wealth to
bear its share of expenses of the gov
ernment which protects il.
Arbitration for labor Disputes.
Il have referred to the investiga
tionr of. International controversies
under a system which does not bind
the parties to accept the findings Of
the court of inquiry. This plan can
be used In disputes between labor ana
capital and in advancing arbitration of
difference between large. corporate
employers and their employees, | be-
lieve we are defending the highest in
| terests of the three parties to the dis
putes, viz, the employers. the EN-
ployes and the public.
IF there is compulsory submits
sion to investigation, 1t is not neces-
sary that there shall be compulsory
acceptance of the decision. for a fun
and fair investigation will In almost
every case bring about a settlement.
Government by Injunction
mo reference to the labor question
is complete that does not include
some mention of what is known as
government by injunction AS the
main purpose of the writ is to evade
trial by Jury, 1t Is really an attack on
the jury system and ought to arouse
unanimous protest. So long as the
meanest thief is guaranteed Il trial by
a jury, the jury ought not to be de-
MED to the wage Garner.
The Eight-IIOur Day.
Benefits of the labOr-saving ma.
chinery have not been distributed
with equity. The producer has enOr-
mously multiplied his capacity. but s.
far the owner of the machine has re-
ceived too much OF the increase aud
the laborer too little. Those who op,
pose the elght-hour day do IT, | am
convinced more because of Ignorance
of conditions than because of lack oi
sympathy with those who toll. =
L(What the Democracy Stands For.
Thus far have dwelt on subjects
which may not be regarded as strictly
partisan, but | am sure that you will
pardon me If In this presence | betraI
my interest in those policies foI
which the democratic party stands.
have not had an opportunity to make
a democratic speech for almost yeai
and no one-not even u political enc.
my-could be so cruel as to forbid ms
to speak of those policies on this oc
casion. our opponents have derived
not only partisan pleasure, but alsC
partisan advantage from the division
which was caused I'm our party by the
money question.
The unlocked for and unprece.
dented increase In production of gOlt
has brought a victory To both the ad
vocates of gold and the advocates O
bl-metallism--the former keeping tn.
gold standard which they wanted an,
the later securing the larger volume
of money for which they contended
We. who favor bi-metallism are salts
/. fed with our victory II the friends G
monometallsm are satisfied will
theirs. The Investigations which hay
been In progress during the past yea
have disclosed the business method
of those who few years ago resented
any inspection of their schemes an
hid their rascality under high-sound
ing phrases. These Investigations hav'
also disclosed the source of enormou
campaign funds which have been uset
to debauch elections and corrupt tn
. ballot.
Campaign Contributions.
! Contributions should be individual
not corporate. and no party can af
ford Ia receive contributions eve'
r from individuals when the acceptane
/ of these contributions secretly pledge
, the party to a course which II cannu
openly avow. In other words. poll
ties should be honest and ! mlstak
present conditions In America IL the
z do not results I'm Improvement In tn
conduct of congress
Trusts the Paramount Issue.
I While men may differ as to the rela
0 tive importance of issues, and whit
} the next congress will largely shap
4 the lines upon which the coming pres
D Idential campaign Will be fought,
& think II Is safe to say that at presen
n the paramount issue In the minds Of
3 large majority OF the people Is III
= trust issue.
E II congratulate President Roosevelt
Y upon the steps which he has taken
{ enforce the antitrust laws, and m