The Farmville herald. [volume] (Farmville, Va.) 1890-1934, 1907-08-23
WHERE TAFT STANDS
Secretary Gives His Views On
@ National Issues.
MAKES SPEECH At COLUMBUS, 0.
-. neoopnces Railroad Abuses n"o
,rt,.r.a rnusts-Prnises rresiden'
nooscveit and FaYor- he''-
.t,, of unrin In 1000.

aoo.cyeit and FaVor- Re'i-
sion oi garih In ioo"'
,roLuMRUs o.. Aug 2o.-Secre'ary
of,Wsr wmao " Eaft speaking be-
ra,e, tho Buckeye Republican ciub'
meaoAhe long awaited apnoonee'nen'
~ nis views on the political issues no"
eonfronVng the nation This S9ee'h j.
rararaoa' "a the opening gun O. ni
rsfts eannaign ior the pTesiden''~
nomination.
Secretary raft said in part.
THE prasoht q O. period Of the great
oct prosperity. general comfort and
evoo mEnrv. Throughout this country
tho demand for labor has increased
wages no higher point than ever
known bofop. The compensation oi
sailed labor now frequently exceeds
tAat Of certain professions ike teach-
ine and the ministry Wealth has ae.
cumuinted enormously iD the hands oi
ludlyeiu0is. and never before have rich
mon aivon so freely Of their fortunes
10 educational and charitable objects
such conditions arc apt 10 dim and
( ann ,he eye aod ear OF the people 10
abuses and dishonesty In the body
po,ifle and social II was such periods
IN The histofy q ancient republics
VAN then foundations were sapped
and ibdr fol- ultimately brought
about Prophets Of evil have fortold
tbo SAINT fate for this republic. They
have beup rehIted. h spite Of the gen
eroi eonlfnr,. shore bave been made
fbaasfert on signs not n be misunder-
ssoJd QuioSealng OF tho public con
science aAd 0 duipand for the Tomedy
OF Abusns tho outarovtb Of thAs pros.
por,ty and for b higher stssdard u
bnanoss Integrity. Every lover Of his
coautrg should bavO feeling of pride
and oasintion IN this evidence that
our society IS stlIl sound az tho core
Il haro boon Invited by your body
10 dlscuns the national issues Some
Of these Involve she ahusos over which
tho public conscience h8s been aroused
/ aud the propos remedies for their re'
moval Tho FIRST and possibly the great
esq abuse has bocn ln the management
OF tho srterial system Of tho country
which the interstate railroads form
any unjust Discrimination In th'
iorns upon which transportation Of
freight or passengers Is afforded an IN
dividnal OF locality paralyzes ano
withms the business of the individual
or no locality exactly as The binding
OF the orterlos and veins leading 10
member OF fhe human body destroys
3 ils nio
.Thc tosult OF twenty yonrs' opera
{ ton uBder tho Interstate commerce
act of 1851. passed 10 restrain abuses
of unjust discrimination and unreason
ablcnoss Of rates. was that the ran
roaas came 10 regard tho action Of th'
, commission It created as ot % iInpor
ionco Modo aware Of the morihun'
condition Of railway regulation unde
The Old law and of the widespread
q abuses which prevailed IN railway
nanaaomont President Roosevelt II
bic Aesaaeo Of 1904 recommended tha
4 tho powors Of the commission 10 large
! ly iroro0sod. frst bg enabling th
commisslon 20 fix rates and, second
hy making iis order effective aeahs
the carriers without resort % court
10 compel performance. He aske
that u b. mo1o On administrative til
bunai wgfh real power This was don
p, hr the passage Of mo rate biil In June
i006
THE sate law has not been in opera
tion o wear. ana the 6onehcinl result
from he operations, though clear, ar
not teady to be presented ~ satisfied
army Tho immediate efoct q the &C
has ceriainly been = compel railroad
10 regard the commission now as m
Important tribunal whose views the
'i must follow They arp manlfestin
Us overr outward disposition strictly
comply with the law and 10 avoi
e prosecution or complaint Tho tim
li has gone by in which the action
tho commission enn DO ignored
laughed az win the large power
fot correcting evils which the con
s. mission nov has, we mag reasonebl
it expect o. markod Improvement In n
'i conduct Of the railways Of the coul
" try
b The rate lao. however, does not
ID far enough. The practice under u HI
10 already disclosed the necessity for ne
amendnenls and Will doubtless su
n qest more. Such Is tbe true method
q ne empirical and sentative method
v Of securing proper remedies Tor q ne
s ovn The classification Of morchandi
ls fof trans portanon IS most inDorta
is nattor IN rate fixing for by Tansf
be- from one class 70 another she rate
20 changed and may work injustice W.
D. The power Of rate hxing, - would seel
should 40 the power 10 the commissi
10 classify and 70 prescribe rules Z
m nnifsrm classification b. al railroads
a. Recent revelations have emphasis
n. the peFnioious effect OF tho so eeh
overcapiiai.gaton Of railroads whit
.n aids unscrupul0us stock manipulate
4. in disposine Of railway securities
r nnrearonably hlsh prices 10 innoce
,n buyers. This evil would not Of IT,
o iusufg federal restraint or control
,o cause such stock and honds are usv
e. ly issued under state charters. I
IA practice however has o tendency
.h divert fhe money paid by the pun
Tor the stock and bonds which oul
to be expended 80 Improving Tie POI
bed TRACK and equipment Of rauwa
AS luts Tho pockets of ne dishoeest u
~ nipuiato7g and tbus 20 pie such al
lr profitable debt upon a railway as
u. make bankruptcy and reoei'ersl
probable in the arst business strins
cy. This result 10 40 interstate n
.........r rffr f~fnrfur0a With b