Middlebury register. (Middlebury, Vt.) 1886-1937, 1908-07-31
TAFT HOME. CINCINNATI, SCEEB
OF TAFT NOTIFICATION CERE-
MONTHS

In his speech of acceptance Taft saws
that It should he the duty of the next
administration to clinch what Presi-
dent Roosevelt has done by providing
adequate machinery with which to
carry out these policies and make re-
straint and punishment SO prompt and
accurate as to Interfere as little as pos
sfble with Legitimate business.
The Interstate commerce commission
should lie changed from an executive
and directing body to IA quasi judicial
investigating board and the executive
and directing power now lodged In II
vested In a new department Of the gov
eminent Traffic agreements between
railroads, when approved by the inter
state commerce commission, should be
valid. Physical valuation Of railroads,
though 1t Is relevant and important and
should be made, is not necessarily in IT.
self a fair basis for the regulation of
income through rates. Good will, eff
cheney and other considerations should
be equal If not controlling factors. A
fixing Of rates with all of these facts
considered would not impair the mar
ket value of railroad securities except
In cases where gross overcapitalization
Is made the excuse for excessive rates.
Railroad rates at the present time are
easonably low.
AS most corporations of any import
ance whatever do an interstate business
the requirement OF a federal license
would be an intOlerable burden upon
the business of the country. Only
those corporations having the power
and temptation to monopolize should
be forced to accept federal supervision
This condemns the Democratic plan to
have federal control of corporations
controlling % percent of any product
Taft also condemns as impractical the
Democratic proposition TO compel cor
porations TO sell their commodities for
the same price everywhere. allowing
for transportation charges.
In comparing the policies Of the two
parties the candidate says that the
chief difference Is that the Republicans
program is progressive and regulative,
while that of the Democrats is radical
and destructive. The proposition Is
submitted whether the election of Mr..
Bryan under these conditions would
bring about a restnra ton Of confidence.
Mr.. Taft says that he stands for the
principle of the protective tariff. but
thinks certain schedules, In which the
difference between the cost of produc-
ing the article here and abroad ex-
ceeds a fair profit and the demands of
our higher standards Of living should
he lowered. Others should be raised
Regarding labor he says II has been
the policy of the administration TO Sc
cure an equality OF opportunity for the
wage-earner. In pursuit Of this have
been passed the employers liability
act eight-hour law. workman's com
pensation act, and the safety appliance
laws. The right to organize and to
strike is unquestioned. Injunctions
are very essential part OF our system
OF Jurisprudence and are necessary for
the safeguarding OF property. no.
tice, however, should be served previ-
ously 10 the granting of the injunction.
Jury trial in contempt cases is very I'M
wise. and would seriously hinder the
administration Of justice.
Changes In the currency system are
necessary due to changed conditions
and the enormous expansion of bust
ness. A postal savings bank is advo-
Gated. The Democratic plan for cur
rency changes is held to be very OBJ
jectionable, and less effica1tous than
postal savings banks.
The Republican administration has
done much for the colonies. Porto Rico
and the Philippines are prosperous. In
Prevention in Cuba has been very bene-
fetal. The Democratic proposal for the
Philippines means chaos, as the Islands