The San Francisco call., 1906-08-31

business purposes must be subject to
the laws of the countries In which they
engage in business enterprises.
Many profitable fields Of investment
are now closed because the people of
the smaller nations are afraid that an
investment of foreign capital will be
made an excuse for foreign invasion
Several times on this trip this fact has
been brought to my attention and | am
convinced that for every dollar we
could secure to American investors by
an attempt to put the Government back
of their claims we would lose many
dollars by closing the door to invest
ment.
DEGREES COLONIALIsM.
Before leaving international politics
let me add that our nation has lost
prestige. rather than gained It, by our
experience in colonialism. We have
given the monarchies a chance to ridi-
cule our declaration of independence
and the scoffer has twitted US with the
inconsistency. A tour through the
Philippine Islands has deepened the
conviction that we should lose no time
In our determination to deal with the
Filipinos as we dealt with Cubans.
Every consideration, commercial and
political leads to this conclusion
II return more convinced than ever
of the Importance of change In the
method of electing United States Sena-
tors. / am within the limits of the
truth when / say that the Senate mas
been for some years the bulwark OF pre-
datory wealth and that it even now
contains too many members who owe
their election to favor-seeking corpora
tions and are so subservient to their
masters as to prevent needed legisla-
ton.
THE Income tax, which some in our
country have defined as socialistic at
tack upon wealth. 1 am pleased to re-
port has the Endorsement of the most
conservative countries in the Old
World.
I'm advocating arbitration OF differ
'ences between large corporate employ
ers and their employees believe we are
defending the highest interests of both
parties to the dispute, viz, the employ
ers. the employees and the public
LABOR AND EMPLOYER.
THE employe cannot turn himself
over to the employer to be dealt with
as the employer may please. The ques-
ton is sometimes asked: Cannot / con-
duct my business to suit myself? 1t is
plausible one. but when man In con-
Quoting his business attempts to arbi-
trarily fix the conditions under which
hundreds of employees are to live and to
determine the future of thousands of
human beings, l answer, with no hesi-
tation. that he has no right to conduct
his own business in such a way as to
deprive his employees Of their right of
life, liberty and the pursuit of happi-
ness.
But IL It is unwise to make the en-
ployer the sole custodian of the rights
and interests OF the employees, 1t is
equally unwise to give the employees
uncontrolled authority over the rights
and interests of the employer.
No reference to the labor question
is complete that docs not include some
mention of what Is known as govern
ment by Injunction. AS the main pur-
pose of the writ is to evade trial by
jury, 1t is really an attack upon the
jury system and ought to arouse a
unanimous protest
"Denaocr opponents have derived
not only partisan pleasure but also
partisan advantage from the division
caused In our party by the money ques-
tion. They ought not, therefore, be-
grudga the satisfaction that we find in
the fact that unexpected conditions
have removed the cause of our differ
ences and permitted US to present
united front on present issues. The un-
looked for and unpr scedented increase
in the production Of gold has brought
victory to both the advocates of gold
and the advocates Of bimetallism-th
former Keeping the gold standard
which they wanted and the latter Sc
curing tho larger volume of money for
which they contended. We who favor
bimetailisln are satisfied with our vic
tory If the friends of monometallism are
satisfied with theirs. )
CoNGRATULATEs ROOSEVELT.
IT congratulate President Roosevelt
upon the steps which he has taken TO
enforce the antitrust laws and my
qualification is not lessened by the fact
that he has followed the Democratic
rather than the Republican platform in
every advance he has made.
"The people see now what they should
have seen before, namely, that no party
can exterminate the trusts so long as
it owes it's present success to campaign
contributions secured from the trusts
Something is to be expected from
the enforcement of the criminal clause
of the Sherman antitrust law, but
this law must be enforced not against
few trusts, as at present, but against
all trusts, and the aim must be to I'M
prison the guilty, not merely to recover
a fine We need therefore new legis-
lation, and the Republican party not
only fails to enact such legislation, but
fails even to provide. The Democratic
party must be prepared to propose new
and efficient legislation.
Tho tariff question is very closely al
lied TO the LTuSL question dhu ehO -
duction of the tariff furnishes an easy
means of limiting the extortion which
the trusts can practice.
while absolute free trade would not
necessarily make a trust impossible,
still 1t Is possible that very few manu-
featuring establishments would dare to
enter into the trust IL the President
were empowered to put on the free list
articles competing with those controlled
by trust
RAILROADS AND TRUSTS.
THE railroad question is also inter-
woven with the trust question. Nearly
all the private monopolies have re-
ceived rebates or secured other ad-
vantages over competitors. Rate reg
ulation was absolutely necessary, and
1t furnishes some relief from the un-
bearable conditions which previously
existed; but we must not forget that
the vesting of this enormous power in
the hands of the commission appointed
by the President Introduces new dam
ger. II an appointive board has the
power to fx rates, and can, by the ex-
ercise OF that power, increase and de-.
crease by hundreds of millions of dol
lars tho annual revenues of the rail-
roads. will not the railroads feel that