The French Broad hustler. [volume] (Hendersonville, N.C.) 1896-1912, 1907-12-05

L0f HE or SlcieS OF general use n
necessity. Such combinations are
against public policy; they violate
the common law; the doors of the
courts are closed to those who are
parties to them, and / believe the
Congress can close the channels of
interstate commerce against them for
Fits protection. The law should make
its prohibitions and permissions as
clear and definite as possible, leaving
the least possible room for arbitra-
ry action, or allegation of such ac-
ton, on the part of the Executive, or
of divergent interpretations by the
courts.
Pure-Food Law.
incidentally, in the passage of the
pure-food law the action of the var
ious State food and dairy commits
sioners showed in striking fashion
how much good for the whole peo-
pie results from the hearty coopera-
tion Of the Federal and State off
Gals in securing a given reform.
In my message TO Congress a year
ago [ spoke as follows of the cur
rency:
Currency.
"I especially call your attention to
the condition of our currency laws.
The national-bank act has ably serv-
ed a great purpose In aiding the
enormous business development of
the eosntry, and within ten years
there has been an increase in circu-
lation per capita from $21.41 to
$3.50. For several years evidence
has heen accumulating that additions
al Legislation is needed. The recnr-
of each crop season emphasizes
the defests of the present laws. There
loust soon be a revision OF them, be-
cause to leave them as they are
means 10 irtur liability of business
disaster. S.nce Your body adjourned
there has heen a luctuation in the
interest on call money from 2 per
cent to so per cent, and the huctua-
ton was even greater during the pre-
ceeding SIX months. The Secretary
CT the Treasury had to step In and by
wise actlou Put a stop 10 the most
violent period of oscillation.
| do not Iess any especial plan
Various plans have recently been
proposed by expert committees
CT bankers. Among the plans which
are possibly feasible and which GER
should receive your eonsidera-
ton is that repeatedly brought to
your attention by the present Seere-
OF the Treasury, the essential
features of Wnlcn have been appro-
we'd by many prominent bankers and
business men. According to this plan
national banks should be permitted |
issue a specified proportion of
thclr capital In notes of a given kind,
the issue to be taxed at so high a
rate as to drive the notes back when
not wanted In legitimate trade. This |
plan would not permit the issue of
currency 10 give banks additional
profits, bnt to meet the emergency
presented by times of s~tringency.
Enforcement of the Law.
A few years ago there was loud
complaint that the law could not be
invoked against wealthy offenders.
There is no such complaint now. The
OF the Department of Justice
Turing the last few years has been
such as to make it evident that no
nan stands above the law, that no
corporation is SO wealthy that it can
lot be held to account.
Injunctions.
Instances of abuse in the granting
lnJunetions in labor disputes con-
to occur and the resentment inI
he minds of those who feel that
heir rights are being invaded and
heir liberty of action and of speech
to grow. Much of the at
ack on the use of the process of in
junction is wholly without warrant.
! am constrained to express the
'eilef that for SOM of it there is
variant. This question is becoming
more and more one of prime import
nee, and unless the courts will them
elves deal with it in effective man.
ler, 1t Is certain ultimately TO de-
nand some form of legislative ac.
ion 1t would be most unfortunate /,
o~ur-soeial welfare if we should +,
,erm1t many honest and lawabidino
lt1zens to feel that they had lust :
ause for regarding our courts with !
,ostlllty. | earnestly commend tel :
attention of the Congress this
natter; so that some way may be de.
lsed which will limit the abuse. of
lJunctlons and protect those rights i
Inch from time to time it unwar. {
antably lnvades. Moreover, discon. I
ent Is often expressed with the use
I the process of injunction by the t
onrts, not only in labor disputes, but I
here State laws are concerned. HE
efraln from discussion Of this cues t
on as | am Informed that it will b
oon receive the consideration of the
upreme Court.
Accidents. n