The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-12-03

holders both tby the corp tipn own
Ing saeh stock and b. ,he corpora
ttEon IN which such stock Is owned.
10 confer upon The National GOV
eminent in connection With tht
amendment q advocate In THE anti
trust Law; pow Of supervision Owe
big business concerns engaged In in
| terstate commerce, would ibef4fit them
as II has benefited the national banks
ln5the recent business crisis It IS note
worthy that the institutions which
failed We're institutions which were
not under the supervision anil control
Of the National Government. Those
which were under National control
stood the test.
National control OF the kind above
advocated wouLi be to the benefit OF
every well-managed railway. From
the standpoint of the public there Is
need for additional tracks, additional
terminals. and improvements in the
actual handling of the railroads, and
all this as rapidly as possible. Am
pie, safe, Fand speedy transportation
facilities are even more necessary
than cheap Transportation. There
fore, there is need for the Investment
OF money which will provide for all
these things while at the same time
securing as far MS Is possible better
wages and shorter hours for. their EN-
moves. Therefore. while there mast
be lust and reasonable regulation q,
rates. We should be the first To protest
against apy arbitrary and minimizing
movement TO cut them down without
the fullest and most careful consilera.
| ton OF nil interests concerned nnd n,
the actual needs of the situation Only
special body of men actiohe for tho
National Government under authority
conferred upon It by the Congress- is
competent to bass Judgment on such
matter.
Those who fear. from any reason
the extension of Federal activity will
do well to study the history not only
Of the national banking act, but Of tho
pure.food law, and notably the meo,
inspection law recently enacted The
pure-food law was opposed so violent.
" that its passage was DELAYED for n
decade: yet it has worked unmixeJ
and immediate good. The meat in.
spcction law was even more violently
assafiea: 4 and the same men who now
denounce the attitude of the Nation.
ny Government in seeking to oversee
and control the workings OF interstate
common carriers and business con.
Germs. then inserted that we werc
"discreliting and running a great
American Industry" Two years have
not elapsed, anil already il has be.
come evident that the great benefit
the law coniers upon the public Is
accompanied by an equal benefit to
the reputable hacking establishments,
The latter are better of under the
law than they were without IL. The
benefit TO Interstate common carriers
and business concerns from the leg.
l
islation advocate would be equally
/ marked.
In my message to the Congress n
year ago | spoke as follows OF the
currency:
Currency.
81 especially call your attention to
the condition OF our currency laws.
! The national bank act has ably served
n great purpose in aiding the enor.
nous business development of the
country. and within ten years there
{ has been an increase In circulation
per capita from S21.i1 to s33.OS. For
several years evidence has been nc.
cuniulating that additional legislation
is needed. The recurrence Of each
crop season emphasizes the defects
| of the present laws. Their r.rst soon
! be revision of them, because 10
leave them as they are means to incur