Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-15
NEWLANps- spEECH.

Mr.. Newluncs said that while he mas
Joined IN the report on the Hepburn
ptll ana Is IN sympathy with tue general
purpose, no thought 1t incomplete AM
fragmontary. lie expressed his BELIEF
that lhe 10 ,lon would not Oe as ef-
iectiNe AS II slould he unless there is
ADDED 10 the pending measure pro-
Vision tor the national Incorporation o.
railways engaged IN Interstate conf
nlegce. Suardig against ONct-CapitallIt-
ton. fixing with certainty the rates %
taxation OF such railway property by
the states and prescribing a fixed llnht
for dividends. Such legislation should
not simply cover the interests Of ship
pcra ana common carriors--it should
embrace the interests Of labor by pro-
yillng for an insurance fund against
accidents and old age and Cancellation
OF disputes between carriers and their
employees.
senator Newlands discussed corporate
activity IN politics. saying IT has been
Increasing since 1896 Corporations ire
IN politics, the senator declared, because
they feel their property may at any.
time be the subject Of attacks either by
legislatures or hy administrative oH;.
GERS. lie said when he introduced
resolution creating commission 10
frame a corporation act for reasons he
believed Il unnecessary to seek
the consent of the states. But to-
day he said upon reflection he was con-
WINGED 1t was wiser to secure the CO.
operation OF both the United states and
the states. National incorporation, he
contended, contemplated a general law
for the incorporation OF national rail-
ways engaged in intevstate commerce.
This he thought, should limit
stock and bond issues to the cash paid
on or 10 the value Of the property ac-
quircd and no issue permitted save with
the approval of the interstate CONNER &C
commission,
Senator, Newlands said ii is plain
the people are FESTIVE under existing
conditions. They realize. he said, that
men prominent In the great oil corpor-
otions are getting control over the
TRANSPORTATION OF the country land
unless we unity and simplify this con-
troll IN q few thoroughly controlled
great national corporations whose
finances and operations can be easily
understood and whose functions viii
be entirely taken out OF politics. we
viii drift TO national ownership as the
easiest solution"
Senator Newlauds suggested that the
argument In support OF national own
ership VAS simple and taking one,
Government ownership he said.
has no difficulty either constitutional
or practical except possibly the DIM
Guilty of honest and efficient admins
trstion and the country Will drift TO 1t
unless existing abuses OF union con-
troled monopoly. decentralization OF
accomplished union between the pro-
ducing and the interests OF control OF
unjust preferences and Determinations
are done away with. believe the pol
fey | am advocating will give to you
all the benefits Of government owner
ship with none OF it's dangers, II
would abolish tho evils which have
arisen from unrestricted monopoly,
put the railroads out of play, close the
door against the entrance of over a
million men into the political patron
age and retain the management OF the
able men whose genius created our
present systems out OF the crude con-
dttiOns that DrpVnilpd"