The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1907-06-06

President in His Memorial Day
Speech Urges Regulation Like
That of. National Banks.
SCORES THE SPECTATOR
No Disturbance of Values to Hurt the
Innocent Investor, He Adds, but
Likewise No Let-Up to the
Reform Work Begun.

Indianapolis-President Roose-
velt, in his Memorial day address
here, declared for a valuation of
the railroads of the United States.
That the railroads have grown
In value until probably in most
cases worth the par CT the capital
stock issued by them, is his ex-
pressed opinion. But he condemned
without stint the speculator, as
distinguished from the legitimate
railroad manager. He thinks there
should be no such disturbance of
values as would prove a hardship
for the innocent investor, but he
declares against the "unearned
increment of speculation in rail
road properties. A national in
corporation act is his preference
for means of regulating capital
stock in the future, which, ne says,
must be done.
After paying tribute to both
union and confederate armies in
the civil war and eloquently re-
ferring to General Lawton, whose
monument he assisted in dedicat-
ing this afternoon, the president
turned his attention to pressing
present questions, saying:
One great problem hat we have be-
fore us is to preserve the rights of
property; and these can only be pre-
served If we remember hey are in less
jeopardy from the socialist and am
arciilst thaI from lue eaatof man
y Weaili' - HAS pecoiie esluell Ia
~ !eluse lo invoke the power VI lne
LdIloh TO RESTRAIN the WRONGS commit
eeu Ny the man o. sieat Wcai.i VIC
uoes cNli IS hol Only 70 hegiee. lle ~.
tefests OF the PUBIC, buL is 10 hegiect
elt ih.eIss.s Oh Inc I'LL o ! MEANS M ny
or,. as 49, py nis 80 : y" 80
~ ~, VI ny iee n,,r- l - ~ y s SAgI 49,
o,iaaoa - ,.;aaroa u,I,a,o 49, H. 80
III 3. ~ ~ a1,rs ,a h.Ia da1;,an ~ ~ y,
aIan+aa - - $50 go w, W. na1io. ~ $50 CO. =
mo Tho rj.pt ~ tba n.t;on 60 far &C -
has the nnu.er ~ e,,narv;sa and coa
troI ~ b,a;n. - - ,.o,,tt -
oioi11, i, a. iasnoroto far,a =
T,ndau : ,s Io ~ go q uor ~,
49, go 10 ~ " q ~. y
raat-,r.a e 49, +aa,s 49, ao,nnI ~ ~
common carriers doins an intars+a4e
h,1s;nsss. = oon+ro, ~ hse,,,tai y ASIA, asa II,
80 not;a, Srh;1a =, - 60 =, -
- oarri go, We, y. 49, 90 :. t5 .r : ~ ! . -
:. - 49, nr;aas rnaanhIo 49, 49,.
tbair b,,sipass is ~ is not in+arstn+a -
&c To the saroe a,+ent s,,biac+ - federa1
co1,trol ,.naer that cia,,sa ~ t,a 90
sfit,,4ia,, - ar+ina - ~ ,,,tional roI,
ernn,a,t eon,ar 70 as+a hIish nost So ~
qua +1,a,afora ~, ,,acass.rr, ;,,r1;a,+;an
,,n1rar ~ tata an antio, ,-anaesnr,s -, :,
andar 100 49,, ~ tha h;nlas+
~ eff ciencv 90 NN
:"
- SeeP IN Hovahce.
Every federal law dealing with cor
poratlons or with railroads that has
peen put upon the statute BOOKS during
aa1.aea - 1sa riabt diraetia, g s.Ip -
tion sIan Nv +ha dminist-oi ;on ,,ae,.
tha1a n,a ~ ~ 90 an;st;aa 49, NJ -
been lust and proper. Every snit M
5ertai,an d,ri,9 So nariod H., . hean ,
s,,it 80 ,nn,aiy We "a ptaa 'N 80 -
ou;raa Nv AZ fants. a s,1it ~
forest IF fhe1 ,aonis re q Trboia ana =,
tho Iong. nm, naIt;cnia,Iy j., +I,a 80
~ 20 ~ ~ &c ~ enS nl.si-
intarae+ IF b1,siraes mon of n.aaa.ts
ra,arany fS
,rl,ana ~ 80, o,u 49,
con,rse tbat 40 ,h,s been - 49, o orI
IN the .laoislation ant,,a1Iv arartad ond
IN the msssapae in WHEN 7 haye astnd
eor f,,,.ti,a, lecisIa4;on W. 800 800
tba ipterast ~ ( tha tn,ast raiiU5o, 80
mhen NC an,o,,naa ibat We Vii soiin-.
o,f nracisaIy tbis co,,rsa r. !. ~
course Of real of ultimate consarras
tism, 1sbere viii he no HbaIf ~ H. ira-
ward movement tou-ar d q f,l, da1eioa-
ment of this no,icv. ara tboee LIZ
wish ne ~ tnLa , &c, Ia o,-xva, "a o. ~
stap1 stiil ~ t,ci,. .risha :. ,,-a"a ra,Iizaa
1yo,,ld ara ma tbav b,d inyi+aa 80 ~,
outhreal of TIE varS- "a aicafisno tban
fear ts
ta.h -
and adn,inistrativ action fo- 3ba onr
rection Of the evils WIN a~e-ys $780,
man must admit TO nav erjsted ~.
railroad ,nsn~aran,en+ in Tho ,aa-t -
ell po.,a. ~ 60.