The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-08-29
THE N[THODISTS IN SESSION! !!
BRYAN ON TEDDY'S R[fH |
Discusses Mr.. Roosevelt's W.
tcrancc on Capitalization.

Lincoln, Neh,, Aug. -. wv. j.
Bryan win have this to say In the
next issue OF the Commcner:
The president has al last disclosed
his scheme for Capitalization. aE
which he has hinted In former
speeches. In his proyincetown,
Mass, address, he proposes the ma
tional Incorporation OF railroads and
other corporations engaged To inter
state commerce.. lie says:
Most large corporations do q busi-
ness that IL not confined To any one
state. Experience has shown that
the effort Ia control these corpora
tions by mere state action cannot
produce wholesome resalts. In most
cases such effort fails To correct the
real abuses for which the corpora
tion Il or may be guilty: while In
other cases the effort II ape 10 cause
either hardship TO the corporation
itself or else hardship 10 neighboring
states, which have not tried To Crap
pie with the problem In the same
manner; and OF course, We must 10
NJ srrupulons 10 safeguard the rights
of the corporations as To exact IRON
them Ia return full measure ~ JUS
tice To the public.
| believe Ia a national incorpoTa-
tim Law FOR corporations engaged 10
Interstate business. believe, furth.
ermorc. tllat the need ot such action
Il most pressing ~ regards those cor
porations which, because they are
common carriers, exercise quasi
public function. and which can he
completely controlled, In all respects.
by the federal government, by the
exercise of the power conferred un-
der the interstate commerce clause,
and. II necessary. under the post
road clause OF the constitution.
During the last few years wehave
taken marked strides la advance
along the road uf proper regulation Of
these railroad eorpoIatlons, but we
, must not stop in the work. The na.
tinnal government should exercise
over tbem u similar coatroi ca that
which IL exercises over national
, hanks. We can DO this only by pro-
) ceeding farmer alcnn the lines marked
out by the recent national lagisla-
. tion. =
. Here ls the secret--it il out al
last The states are annoying the
corporations and the corporations de-
mand federal protection from the
state legislation. The president
thinks that action lis most pressing
: as regards those corporations which.
because they are common carriers.
. exercise quasi public function.
The states have been snactIng tso
. cent fare la~s and laws reducing
freight rates and the railroad man
ayers demand that they shall be re-.
: Iiesed from further fear of such leg
, islatlon. The presidents Ifamii-
! tonian ideas make him an easy VIC
tim and be yields 10 the enireaties Of
, the railroads.
al II IT ~as the public he sought "a
d protect he would recommend federal
d remedies. which would not interfere
!, with state remedies es-buI II Is the
railroad. not the public. that de.
mands the removal OF authority "a
| Washington.
The democrats can be depended
upon 10 oppose with all their might
. this movement toward Capitalization.
: II any democrat wavers bis consti-
tucuts should look into his business
relations and see whether he Is Under
: obligations 10 TIE railroads. A Ham.
iitoniau republican. like the prrsi-
:, dent. may honestly think that tbs
farther the government Is removed
:, frum the people the better IL viii he,
a bat IeGersouian Democrat does moi
Il cherish any such deI1sion. Even ths
= Ilamiltonlan republican ought "a
hesitate 10 trust congress With ans
;. Ei0re power while the United states
\ senators are elected by legislatures
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