The Owosso times. (Owosso, Mich.) 1897-1926, 1907-06-07

-"a'oA ing so much power
in the hands Of one political party.
Also he thinks it violates the home rule
principle.
The recount bill finally had passed
the senate, 3S to s. This indicated that
it could be repassed over the mayors
veto. 1t enables any candidate for
mayor to apply to the courts for the
recount of the votes cast in any dis
trict.
RooseveIt's indianapolis Speech.
Foremost among the speeches made
by men Of national prominence on
Memorial day in various parts of the
country was that of the nations chief
executive at the unwilling of the Law
ton statue at Indianapolis, this being
the occasion OF his long awaited deliv-
erance regarding the future of his rail
road policy. Crowds of the PRESIDENT
admirers greeted him at every station
as he approached the Indiana capital,
and there great throng Of people vas
assembled to witness the unwilling
ceremonies. Governor Hanly presid-
ed and Miss Lawton. daughter Of the
late general. pulled the cord which I'm.
yelled the bronze figure Of her father.
James Whitcomb Riley read a poem
entitled ''The Home Voyage"
The presidents address made it plain
that he intends to take no backward
step in the policy Of federal control
of railroad and other public service
corporations which he had previously
mapped out In his messages and
speeches. It carries his policy even a
step further by calling for exclusive
federal control Of all mail carrying
railroads, even though they may be
wholly within the boundaries Of q sim
gle state. This he justifies under the
clause of the constitution granting to
the national government power to es-
tablish post roads, the implication be-
ing, as he thinks, power to take all
action necessary in order to keep them
at the highest point of efficiency" He
personally would favor a national in
corporation act to give the roads the
seal of government approval and to
insure the same sort Of sanction and
publicity which the national banks en-
Joy. Nor does he halt at the much dis
cussed proposition to require physi-
cal valuation Of the railroads of the
country, and he expresses the belief
that while there has been stock water
ing In some cases the total capitaliza-
ton Of the railroads Will not be found
to be in excess Of their present actual
value.
Declaring that "the rights Of proper
ty are in less jeopardy from the Social
lists and the anarchists than from the
predatory men Of wealth" the presi-
dent insists that the criminal managers
Of public corporations shall be prose
cuted to the limit of the law, but ex-
plains that this implies no possibility
Of injury to honest railroad managers.
AS for the investing public, he makes
1t plain that there is not the slightest
disposition TO undermine existing Sc
curities, and he believes that the policy
Of federal supervision will not only
protect past investments, but will in
duce future investments, which are ur-
gently neeueu Ill Oruer 10 DulIu new
railroads and improve the trackage and
equipments of existing lines so as to
make possible the industrial develop
ment of the entire country He does
not hesitate to say that 1.-The move
ment to regulate railroads by law has
come to stay" and that the people have
made up their minds ito exercise a
floser control over all kinds of public
service corporations"
In conclusion he reminds the man of
treat wealth that while using and en-
joying it he must remember he is a
trustee and that consistent misuse "is
Dminous CT evil to himself, to others
who have wealth and TO the nation as
whole"
Daniel Shy Of Boomlet.
United States Senator John W. Dan
lei of Virginia, who has been mention
ed north and south as suitable can
didate for the Democratic presidential
nomination, says he is grateful for the
complimentary mention, but that he
Is not candidate. The platform
which would suit him includes the
''just regulation of interstate corpora