The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1908-01-31

1 WA1AChN lnG vi
a jury makes its issuance In doubt
iui cases dangerous practice, and In
user furnishes reason why the pro
cess should DO surrounded with safe
guards TO protect individuals against
being enjoined from exercising their
proper rights. Reasonable notice
should be given the adverse party.
This matter is daily becoming OF
grayer Importance and can not too
urgently recommend that the congress
give careful consideration TO the sub
Ject. IL some way OF remedying the
abuses is not found the feeling OF In
dignation against them among large
numbers OF our citizens will tend TO
grow so extreme as 10 produce re-
volt against the whole use OF the
process OF injunction. The ultra-con-
servatives who object to cutting out
the abuses will do well to remember
that II the popular feeling does be-
come strong many OF those upon
whom they rely to defend them Will
be the first TO turn against them. Men
OF property can not afford to trust
To anything save the spirit OF justice
and fair play; for those very public
men who, while IL is TO their interest,
defend all the abuses committed by
capital and pose as the champions OF
conservatism will, the moment they
think their interest changes, take the
lead In just such a matter as this and
pander to what they esteem popular
feeling by endeavoring, for instance.
effectively 10 destroy the power OF the
courts in matters OF Injunction; and
will even seek to render nugatory
the power To punish for contempt,
upon which power the very existence
of the orderly administration OF justice
depends.
IL is my purpose as soon as may be
to submit some further recommended
tons in reference TO our laws regulat-
ing labor conditions within the sphere
of federal authority. A very recent
decision OF the supreme court of the
United States, rendered since this
message was written, in the case of
Adair VS.. United States. seemingly or
far-reaching import and OF very seri-
Gus probable consequences, has mod
flied the previously entertained views
on the powers of the congress in the
premises to such degree as to make
necessary careful consideration OF the
opinions therein filed before 1t is pos
sfble definitely to decide in what way
to call the matter to your attention
The president then goes on to say
that not only should there be action on
certain laws affecting wage earners
but also on laws better to secure con-
troll over the great business concerns
engaged I'm Interstate commerce, espe-
cially ovo~ the great common carriers
The interstate commerce commission
he maintains. should be empowered TO
pass upon any rate or practice on It's
own initiative. The president then re-
peats IN substance. his rccomm enda-
ITEMS made in-his- last message to con-
gress, covering the subject OF federal
control OF railroads In the handling or
Interstate traffic.
In reference to the Sherman anti
trust law. the president also repeats
his recommendations.
As to Stock Gambling.
do not know whether 1t Is possible,
but II possible, 1t is certainly desir-
able, that in connection with measures
to restrain stock watering and over
capitalization there should be meas
ures taken to prevent at least the
grosser forms OF gambling In securi-
ties and commodities, such as making
large sales OF what men do not pos
ssss and "cornering" the market. Lee
Ultimate purchasers of commodities
and of stocks and securities for invest
ment have no connection whatever
with purchases OF stocks or other Sc
curities or commodities ON a margin
for speculative and gambling purposes.
There is no moral difference between
gambling at cards or In lotteries or on
the race track and gambling in the
stock market. One method is just as
pernicious to the body polite as the
ether In kind, and in degree the evil
worked is far greater. But It Is far
more difficult subject with which to
deal. The great bulk OF the business
transacted on the exchanges Is not
only legitimate, but Is necessary to
the working OF our modern industrial
system, and extreme care would have
TO be taken not to interfere with this
business in doing away with the
bucket shop" type of operation. We
should study both the successes and
the failures of foreign legislators who.
notably in Germany, have worked
along this line, so as not to do any
thing harmful. Moreover, there is a
special difficulty in dealing with this
matter by the federal government in a
federal republic like ours. But II It is
pOSSlDie tO ueVlSe u Way TO uedl Will
it the effort should be made. even IL
only in a cautious and tentative way.
1t would seem that the federal govern
ment could at least act by forbidding
the use of the mails, telegraph and tel
ephone wires for mere gambling In
stocks and futures. Just as 1t does in
lottery transactions.
The president incloses a statement
isrued by the chief OF the bureau of
corporations in answer to certain state
ments made by and on behalf OF the |
agents OF the Standard OIL corporation |
and letter OF the Encouragement |
containing an answer TO certain state
ments, also inclosed, made by the pres
jdent OF the Santa Fee Railway Co.
both of which have been found guilty !
by the courts. OF criminal misconduct |
and both OF which have been sentenced |
to pay heavy fines. The president says |
of this matter.
Each has issued and published |
broadcast statements asserting their |
innocence and denouncing as improper |
the action OF the courts and iuries in |
convicting them of guilt These state |