The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1907-12-03

again uree rn tng congress lae need
of Immediate attention i0 CHS matter
We need a greater elasticity |n our cure
rency provided oi course Shat we recoE-
nize the even greafer need Of q saia end
secure currency There must always he
lhe most rigid examination by the na-
iioual authorities Provision should he
made for an emergency currency The
emergency issue Should 81 course. ha
made with an effective guaranty and up
on conditions carefully prescribed by the
government. Such emergency issue must
be based on adequate securities approved
by the government. and must be issued
under heavy tax This would permit
currency being issued when the demaud
for i Was urgent, while securing itf re-
tirement as the demand fell on. It is
worth investigating to determine whether
ficers and directors Of national banks
lould ever be allowed to loan to thcm-
selves. Trust companies should be sub
ject 10 the same supervision as banks;
legislation to this effect should be en-
acted for the District OF Columbia and
the territories.
yet we must also remember that even
the wisest legislation on the subject can
only accomplish a certain amount No
/ legislation can by any possibility guar
antee the business community against the
results Of speculative folly any more than
It can guarantee an individual against the
results Of his extravaganza When an in
dividual mortgages his house to buy an
automobile he invites disaster. and when
wealthy men, or men who pose as such,
or are unscrupulously or fOOllshly eager
to become such. indulge In reckless spec
ulation-especially II it Is accompanied by
dishonesty-they jeopardize not only their
own future but the future Of all their I'M
nocent fellow-citizens for they expose
the whole business community to panic
and distress"
He advises against any general tariff
legislation this session OF congress, and
says:
I'm a country OF such phenomenal
growth as ours It is probably well that
every dozen years or so the tariff laws
should be carefully scrutinized so as to
see that no excessive or improper bene-
fits are conferred thereby, that proper
revenue Is provided, and that our
foreign trade is encouraged. There
must always be as minimum
tariff which will not only al
low for the collection OF an ample rev
enue but which win at least make
good the difference IN cost Of production
here and abroad, that is, the difference In
the labor cost here and abroad, for the
well-being OF the wage worker must ever
be a cardinal point Of American policy.
The question should be approached pure
" from business standpoint; both the
time and the manner Of the change being
such aa TO arouse the minimum Of agi-
tatiOn and disturbance IN the business
world. and to give the least play for
selfish and factional motives The sole
consideration should be TO see that the
sum total Of changes represent the pub
lie good. This means That the subject
cannot with wisdom be dealt with in the
year preceding a presidential election. be-
cause as a matter Of fact experience has
conclusively shown that at such a time
Il is impossible 10 get men 70 treat 1t from
the standpoint Of the public good. In my
judgment the wise time to deal with the
matter IL Immediately after such cleo
ton"
He asks for the repeal OF the tariff on
paper and wood pulp.
He reviews and enlarges upon his pre-
vious recommendations for the enact
ment OF federal inheritance and income
tax laws.
Attention is called to the prosecution OF
wealthy offenders against the national
laws, and IN this connection he asks that
the laws under which these prosecutions
are brought be strengthened and made
more definite
The Use ana the
Abuse Of InlunctionH.
Instances OF abuse in the granting OF
injunctlons IN labor disputes continue to
occur. and the resentment In the minds
Of those who feel that their rights are
being invaded and their liberty OF action
and OF speech unwarrantably restrained
continues 10 grow. Much Of the attack
on the use Of the process OF Injunction ia
wholly without warrant; but / am con-
strained to express the belief that fol
some OF It there "A warrant This aues-
ton is becoming more and more OF prime
importance, and unless the courts viii
themselves deal with Il in effective man
ner, II is certain ultimately to demand
some form OF legislative action. II would
be most unfortunate for our social wei.
fare if we should permit many honest
and law-abiding citizens to feel that
they had just cause for regarding oui
, courts with hostility. I earnestly com.
, mend to the attention Of the congres,
this matter. 50 that some way may b.
devised which will limit the abuse OF In
! functions and protect those rights which
from time to time II unwarrantahly In.
vades. Moreover discomfort is aften ex
pressed with the use OF the process o.
Injunction BY the courts. not only ia la
Dor disputes. but where state laws ar
! concerned. refrain from discussion O.
! this question rs ] am informed that 4
? win soon receive tho consideration OF tn,
: supreme court"
: OF other legislation In the interest O.
+ labor he favors federal inspection OF rail-
! roads: providing limited but definite com
tfUU for 40 all
s employed IN any way hy the government
+ and says:
The constitutionality OF the employers
4 liability act passed by the preceding con
E gress has been carried before the courts
!. In two jurisdictions the law has been de
: clared unconstitutional, ard in three juris
: dicti0ns Its c0nEtitutionalty has been az
' flrmed. The question has been carried Z
: tine supreme court, the case has beel
: heard BY that tribunal and a decision /
4 expected al an early date. In the even
e that the court should affirm the constI
y tutionality Of the act. ! urge further leg
: islation along the lines advocated in M
message e the preceding congress. tn
! practice Of putting the entire burden 0
I, loss Of life or limb upon the victim o
= the victims family ls a form OF social in
: justice in which the United States stand
4 In unenviahle prominence. In both GU
federal and our state legislation We hay,
/. with few exceptions scarcely gon
I farther than the repeal OF the fellow
= servant principle OF the old law OF ilabli
4 ity, and IN some Of our states even thi
! slight modification OF a complete out
Z grown principle has not yet been 81
cured /"
i. He favors the extension Of the eighl
' hour law to al departments OF the 90,
Z ernment. and to all work carried on b