The Farmville herald. [volume] (Farmville, Va.) 1890-1934, 1907-08-23
rARMvILLE. VA FRIDAY, AUGUST %, 1907


IN another and the elocum 81 directors
10 represent that stock This process Is
faclitated hy the uncontrolled power
N issue securities beyond tho neeas OF
the company for its Legitimate business
and would be- cufhel by The restriction
proposed. The cvii ought further 20 De
directly restnlued by making j nu-
lawful for on interstate railway 90 ae'
ou,,e stock IN q comrotnn Zine inis
is a simpler remedy of meeting 'ne
evil than by recourse % tle anllfl-l
law under the Northern Securities
case. In addition % ibis competing
lines should he prohibited from nav
ing common directors OF officers.
these suIaosuons OF additional beg.
,slaeon In respect 70 ihe supervision
I'D contEoi Of intcrstnte rohWays have
hcen Uade By The interstate oonperee
co,nm,sNoo. apd heartily concur IN
thom rheS Sro plainly within 'he Fed
erol ,ucisdlcil-V unios De Interstate
commerce clause. I q not fhins Ihot
IN order 10 accomphsS z sooo "1icn
the federal government 7-t1 iis great.
or resources and wider geogit0pH,l
roach. can bring about more 9uicHiy
and efficiently. the constitutional lm'
its upon federal action shouid be nlui'
rod out or an uudovbted federal pow
or should b expanded by donhiiui
construction INTO q Geld which really
holonqs 70 tbo state Rut tho night oi
congress 70 taRe any acton not eoniis'
satory IN ihd most risld control Of 10
ferstnte eosnmtfoe cannot bo denied.
"Mr. Bryan shys he would eNur-
,ate t,us,s root ana ts0neh n Mr.
Brysn's Language Is more chan mere
rhetoric and be means 70 seize the
prooerty. 10 divide Il Or and sell it IN
pieces and dlsassemble tho parts. tneh
| am not 70 favor Of nis method o.
dealing with trusfs. because Z believe
that such large combinations leRiu-
matelv conducted greatly add 20 the
prosperity Of the country Tho attitude
NJ the government toward oombina-
f,ons OF capital fof fho reduction ih TIE
cost N production should bc e1acuJ
the same rs toward the combinations
Of labor for the purpose Of Detterihe
the conditions Of the wage worker ana
Of Increasing his share OF thr joint
profit Of capital and Labor They are
both n b. encouraged ~ every way as
long 40 they conduct themselves WITH
in tho law. Ihcy both WELD enormous
mower and II welded for good can Do
Of inostlmahio nanoat Their power
for evil when IN tho control of nnscru
puloos men Is such that ii it ls 20 he
restrained II needs inc use of al the
means which tho executive and fne
courts can lawfully command think
II entirely possible by thc rigorous
prosecutions Of tho Jaw against Illegal
combinations and by the eque. and
just operation Of railways 60 prevent ID
recurrence of whot we have bod IN
the past and 20 restrain within the
hounds Of Legitimate aDd useful busi-
ncss all these great corporations"
on the tariff Secretary Tar said
The present business system OF ihe
country rests on tbe protective tariff.
and ans attempt n change 70 90 free
trade basis will certainly lead only to
disaster.
TITS the duty of tho Republican par
~. however. 10 500 60 30 that the tarih
on imported articles docs DOT exceed
substantially the reasonably perma.
nent diaeronual between the cost Of
production IN lhc foreign countries and
that IN the United Statos and there
fore when chnnaps mko plnco ip Tho
conditions Of production likely 90 pro
duco O very large reduction 10 the cos'
Of production IN the United states % IS
time that schedules ho re-eNaminee
and II excessive that they be reduced.
WHENEVER the tariff imposed Is
largely in excess of the dihefenbal De
tween the cost Of production in iho tw'
countries then there is fofmed a, onc'
great temptation 20 rnonopo.ifo th'
business Of producing the pnriicuia
product and % take advaniage of prom
IN the excessive tariff This denies q
the peoplc altogethor the economics o
productioh that competition under
protective tarifI shoald develop
Il had occasion IN o. speech which
, delivered AZ Bath. Me. now about
, year ago 10 express my Individual opin
? ion rs in favor Of an immediate reYI
s,on OF the taria but iher. pointo
out and only refer 90 it to repeat
and omphasiss q. thot the revision o
, tare involves 50 many different lr
forests the country over AS thot
could not be undertaken succcssfuii
q hy the Republican party and therefor
: ouaht not 20 De- undertaken az AL ant
9 the party as a whole is Ia favor % 4
l ventured 70 express The opinion mo
,he sentiment In favor of o revision
the Republican party Was crystalliEin
m such a point that in q short uuo "
. miaht expect 70 have action upon n
i, subject. What has happened In %
: ltst year bas oniy served 70 conhfi
! n. view I then expressed and it no.
\ s.eres 70 Ee that even most OF tho cl
: ,remists In the matior Of the taria az
n Of opinion that II would be DOT snl
p nnvlse. but onsafe for the pafC
fan IL is asKt aatonai platform
a pledge itssif % q revision of the taIi
: as econ after ghs next presldenu
n election as possible"
1t Marie Corell has stirred ns an a'
1t ful row by proclaiming that most
II ..-et to vofa hoeaw