The Plymouth tribune. (Plymouth, Ind.) 1901-1911, 1907-12-05
Roosevelt'S Policy.


gency currency, based on ade-
quate securities approved by the
and issued under
heavy tax SO as to secure its re-
tirement when the demand for
it falls off. incidentally there is
for an investigation
to determine whether officers
and directors of national banks
should ever be allowed to loan to
themselves-peculiarly fitting in
view of some cases now occupy
ing the attention OF the courts.
The Senate finance committee
began considering the currency
subject almost before the reading
of the Presidents message was
finished.
,. The amendment--not the
repeal-of the Sherman anti
trust law. SO as to forbid only
the kind of combination which
does harm to the general public.
Supervision over corporations
and the forming of combinations
would be placed in the hands OF
the executive branch OF the gov
eminent under the policy outlin-
ed. Either a national incorpor-
alton act or a law licensing rail
way companies to engage in in
terstate commerce upon certain
conditions goes hand in hand
with the general corporation
programme. There would be de-
NAL to interstate corporations of
the right TO hold stock in other
corporations. The real owners
of corporation would be COM
PEELED to do business in their
own name.
3. Believing that the tariff
question cannot be treated from
the standpoint of the public good
in the year preceding presiden-
tial election. the President for
mally declared IT his judgment
that the wise timS to deal with
the matter is Immediately after
such election. The idea is to
leave the. tariff severly alone tenn
porarily except in one important
particular, where crying need for
action exists. This exception is
the tariff on wood pulp. The di-
minishing forests are in the
Presidents mind as one reason
for his recommendation. If pos
sible he would have the repeal of
the duty accomplished by an
agreement with Canada that
there shall be no export.
1. inheritance and income
laws the President would have
considered at the time when the
tariff is revised.
). There should be considera-
ton by Congress of the injunc-
ton question, he says, to the end
that a way may be devised to
limit its abuse. This is the first
feature of special programme
relating to questions arising be-
tween labor and capital An en-
Iployers liability act is urged, and
the President would strengthen
the laws regarding safety appli-
ances on railroads wheNever they
are weak. He favors the extern
sion of the eight-hour day, and
would have provision for com
Ipulsory investigation OF indus
trial disputes, holding up the re-
cent telegraph strike as a case
where such provision would have
been of immense value to the
public. By no means of last i'm
pOrtance are recommendations
for further investigation and leg
islation with a view to wipine
out child labor and minimizing
the evils OF the employment oil
women.
6. That our great river sys-
tens should be developed as ma.
tional water highways, the Mis-.
sissippi with its tributaries
standing first in importance, is
among the recommendations
and that the present Congress
will make a beginning is the
Presidents hope. He implores
especial attention for the Missis.
sippi, and declares that from the
great lakes to the mouth of the
Father of Waters there should bt
a deep water way, with deep wat
er ways leading to it from the
East and West Combined with
the deep water ways policy are
outlines of plans for reclamation
work. the conservation of public
lands and mineral and fuel lands
and the preservation OF the for
ests.
Z. A postal savings system, a:
recommended by POSTMASTER
General Meyer, is pressed upor
the attention of Congress and
, favorable consideration recon-
mended. Aside from the primary
object of encouraging thrift
among the people, the advant
ages of the system are declared
J to be still more far-reaching il
view of the experience of the few
weeks last past. 1t is contendeC
that through the agency of posta
savings banks boarded money
would be restored to the chan
: nels of trade, to the mutual bene
fit of capital and labor. The par
GELS post system also is earnestly
: commended.
8. The army and the navy