The Washington herald., 1908-07-10

through a high protective tariff or grant
ed TO government-chartered corporations
by permission or law. All trusts owe their
birth and their ability 10 continue exist
ence TO one or the other of these two
forms of special privilege. No private
monopoly in methods or in magnitude,
can endure without one or the other, or
both.
The Recent Panic.
Proceeding at once to mention of the
Republican partys dealing with the dis
turbed finances Of the country. We are
brought before that curious legislative
compound, the Vreeland-Aldrich bill. The
Republican party boasts OF its knowledge
Of finance. What have they given us in
this law?
1T will be remembered that in 1923.
under Republican administration, a
panic was anticipated. The panic came,
and with Republican effrontery they
charged that panic to the Democratic
party Now, controlling every branch of
the government. they ignominiously seek
to charge on US every consequence grow
ing out OF their own maladministration OF
the government.
'''The only sort OF legislation with any
great force of public opinion behind 1t
that the Republican party attempted 10
enact was a bill TO prevent the recurrence
Of panics.
Republican Failures.
Thus. my countrymen, in this review
We have tie spectacle Of a President
! urging a refractory Congress TO pass
needed reforms and appealing in vain, or
we have another spectacle. that Of a
! President. for the sake Of his own popu-.
larity or for the sake of the popularity Of
! his own candidate, making a political
/ play by urging that Congress do what
/ he must have known II would not do, and
what we are forced to consider he did not
/ wish done The President stands sponsor
! for Mr.. Taft. He desires that the labor
| ing man, that those who would have the
! government effectively regulate the rail-
roads. that those who would revise and
| reduce the tariff and destroy the trusts
| these should believe that Mr. Taft Is not
/ a reactionary. but a militant reformer,
saturated with his ideas and that he will
| carry out my policies. Mr.. Taft will
| have 70 receive about seven millions OF
votes before he can execute any policy.
| To get the votes for him the President
wishes to show what fine policies his
chosen one will carry out II elected, and
he can show it cheaply by pointing 10
| recommendations that his party asso-
| ciates have ignored and will ignore. II
The President were sincere and honestly
| insistent. and still was not needed by his
marty. Notwithstanding his great personal
[ fc a
pose that the same party associates Will
| not be deaf 70 the same recommendations
made by one who Is merely the Pres!-
| dents legateef
let us see what could have been
done If legislation. instead Of party ad-
| vantage. had been desired.
If a part Of the Republicans had
/ TONED the Democrats in support OF
measures proposed by a Republican
president. the power with which some
| Federal judges have hastily thrown their
/ authority into the scale against LABOR
| would have been regulated by law.
4 fair trial in all cases Of indirect or
| constructive contempt of court would
now be provided by law
Labor would be exempt from the pro-
! hibition of the Sherman law against
| combinations.
Wood pulp and print paper would now
| be on the free list, and the present tax
upon intelligence TO that extent abolished.
mo longer would il be in the power
Of one Federal judge, sitting in cham
Ybers. hearing evidence ex parte. upon the
| allegation that a state law is contsca-
! tory. 10 suspend it by temporary in
| junction. A Democratic measure that
| passed the Senate at the last session
! Of Congress providing that it should be
necessary for three judges to act to-
gether for the purpose of Issuing such
| an order, would now be the law.
"a law requiring the publication be-
I fore election Of campaign contributions
would have been enacted.
President Roosevelt has constantly