The Camden chronicle. (Camden, Tenn.) 1890-current, 1908-07-17

| believe that 1t Is better to permanent
| ly prevent swollen fortunes" by abol-
fishing privileges and favoritism upon
which they are based.
Railroad Regulation--We assert the
right of congress to exercise complete
control over interstate commerce, and
we assert the right of each state to
exercise just as complete control over
commerce within its borders, We de-
mand such An enlargement of the
powers of national and state railway
commissions as may be necessary to
give full protection to persons and
places from discrimination and extor-
ton. We believe that both the nation
and the various states should, first, as
certain the present value of railroads
measured by the cost of reproduc-
ton; second, prohibit the issue of any
more watered stock on fictitious capt.
talization; third, prohibit the railroads
from engaging in any business which
brings them into competition with
their shippers, and, fourth, reduce
transportation rates until they reach
point where they will yield only rea-
sonable return on the present value of
the roads, such reasonable return be-
ing defined as return sufficient to keep
the stock of the roads at par when
such roads are honestly capitalized.
Postal Savings Banks-We favor
the postal savings bank, and, in addi-
ton thereto, insist upon the passage
of laws, state and national, for the bet
ter regulation Of banks and for the
protection of bank deposits.
Currency-We believe that, in so far
as the needs of commerce require an
emergency currency, such currency
should be issued and controlled by the
federal government, and that it should
be loaned upon adequate security and
at rate of interest which will COM
pei its retirement when the emergency
Is past. We demand, further, that
favoritism in the deposit of treasury
funds shall be abolished and that sur
plus revenues shall be deposited at
competitive rates upon sufficient Sc
curity and fairly distributed through
out the country.
Labor and Arbtration--We favor
the eight-hour day We believe in the
Cancellation of capital and labor and
favor every legitimate means for the
adjustment of disputes between cor
porate employers and their employees
to the end that justice may be done to
those who toll and that society may be
relieved from the embarrassment oc-
casioned by prolonged strikes and
lockouts.
injunctions--We favor such modi-
fication of the law relating to injunc-
lions as will, first, prevent the issuing
of the writ in industrial disputes, ex-
cept after notice to defendants; Sec
ond, permit trial before judge other
than the one who issued the writ, and,
third, allow jury to be summoned In
all cases where the alleged contempt
is committed outside the presence of
the court.
Employers Liabiity-We favor an
employers liability law, applicable to
both private and public employers.
lmmigration-We favor full protec-
ton by both national and state gov
ernments within their respective
spheres of all foreigners residing in
the United States under treaty, but we
are opposed to the admission of Asiat-
lie immigrants who cannot be ANAL
gamated with our population or whose
presence among us would raise a race
issue and involve us in diplomatic con-
troversies with oriental powers, and
VIC nh cfr mt Of
the immigration laws against any inn
migrant who advocates assassination
as a means of reforming our govern
ment
Canal and Water Ways-We believe
that the Panama canal will prove Of
great value to our country and favor
its speedy completion We urge liber-
al appropriations for the improvement
and development of interior water
ways, believing that such expenditures
will return a large dividend in les
sened cost of transportation.
Pensions-We favor generous pen
sion policy, both as matter of justice
to the surviving veterans and their de-
pendents and because it relieves the
country of the necessity of maintain
ing large standing army.
Philippines-We condemn the ex-
pertinent in Imperialism as an mex
cusable blunder which has involved us
in an enormous expense, brought us
weakness instead of strength and laid
our nation open to the charge of aban-
doning the fundamental doctrine of
self-government. We favor an imme-
date declaration of the nations pur-
pose to recognize the independence OF
the Philippines as soon as stable
government can be established, such
4 1.