The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1908-01-06
PRAISE FOR
ROOSEVELT



ED BY THE ADMINISTRATION
NEW YORK. DecamHe. d.. Franz.
b kellogg, of ST. Pau. tHe government.
representative iu the prosecution or tba
STANDARD on Company. made @ clever
hlt here in his address Goo Che members
OF the Minnesota club Monday evening
especially pleasing was his aIlusiou t8
some OF The achievements oI the ad.
ministauou He said. iu par
The cause of this financial deBres-
sion is worldwide iu us gzteu. Tf
had its origin iu an expansion of Sc
curities and credits beyond anything
known iu history we have been de-
veloping a country Iimuless iu DOS PEE
sources. THE panic of 1893 was caused
hy like expansion OF real estate ra-
Iues
This depression BIAS been caused b..
am expansion iu values or securities
and manufactured products AND our
enormous extension 0f our erelRa
Millions of securities have been placed
uDon the market many of them be-
ir- sod far above their PEAL value
There came the time wheu rnis aE.
Dansion had 20 stop and when lr stop
pei values began 10 shrink. This cauH-
ed loss of confidence and q shriuEage
/ in credits which is the real cause Df
/ the present financial difficult Tha
attitude of the administrator has bad
little If anything TO do with r NUen
/ has been said about the uuc0lsltu-
! Ional measures taken br The presldeu.
! II is astonishing how s0licitOus for
/ the preservation of the constitution
mgcn become vino are charged with
violating me laws
Every measure which the president
has advocated and which has become e
law Of congress has been sustained Dr.
the federal courts Among le5e ma.
be- mentioned rhe safety appliance an
the employers liability ac rle arJira-
tiou act and the Hepburn aof confer
ring upon the interstate commerce
commission the power no fE rates. 5ia
views of the powers or rae federa
/ Government over interstate commerce
are based uDou the decisions gf tle
father Of constitutional interpretation
I tine great chief justice &C. does ua.
advocate au extension Of bis pgrer
but ITS application ~ modern eaudt-
lions
Let us now CONSIDER some NJ -ae
things accomplished Dy rle president
Prior ~ 1909 the system of reJates aal
Determinations was la existence gu al
the principal transportation Gues 0'
this country Few railroads. u aar
made any DreleDae Of complying VIII
the law and charging the ranr yates
Secret rates tO great corporations all
lage shippers gave them The adYautags
crushed out competition aud DUr ~
monopoly. Railroad transportation b..
become legitimate tex upon cYerr o.
dustry and the Time came uhen r6I
| fayoritism bad NJ stOy.
Under the president almiulsretlgl
| iDjunctons were oDtaiued sgsiusr ta
railroads and prosecutions were starr
ed which have resulted iu tbe eufin
/ abolition u The system. JOcay the ri
roads Of this country are observing tb
law. and there Is POT q raIlnDad ~.
who would return ~ tle Old oDnditio8l
The small maDufactgrer. fhe nlerebau
and the farmer obtain Ua8sDprattD
at the same rates ~ the arae shipper
~ bias been raid that ju dDiDY fb'
" there has been tDO mucb aRitatlDu ~
" fl has injured iailrosd aeour5fles ~
% cannot uDroOt and eliminate s5ste8
deeDseated and widespread. Bbld ~
been IN existence for tny years Ul
KID glOyes and gentle adm0Ditlou
required the strong band aHd tbe b
u dOmitaDle viii NJ q crga@dDr NJ cum
o. 2lisb Ibis. end t0day n H01d ~ 9ie
D. CIT ~ ind q ra1rO4d man. fhe ~
v of large financial Institution. Il
3 any business man iu fle aDuutry 50
= would be willing Nv refWr w fhe NJ
conditions
u II shall pot uadenahe M discuss
" any Length fhe trust Dr0aeegtig8s. ~
q is grear question Hb.rh Blusf be- sui
ed and will be- De- Ordery. Iegsi On
II ceediDgs There is DO desiro 1Df "
- destruction nj properly nights aH1 ~