The morning journal-courier., 1908-10-15

complshed. If we shall add to all this the election of Mir Bryan, who can predict when the return Of safe business conditions shall come or whether if his vagaries are to be tried, 1t will come at all
 During the past four years many new methods for the regulation of railway traffic and other inter and in tra state business enterprises have been adopted We have seen large control over interstate commerce un- dertaken hy the Interstate commerce commission and rate making power and drastic control over rates and do- mestic business enterprise conferred upon state public utilities commis sions These are even to-day still in the experimental stages in many mat ters Business is trying to adjust lt- self 10 these conditions, and We are not yet fully aware of their effect up- on semi public and private enterprise. Mir Bryan in his platform is demand ing the extension of the powers of these public commissions and, before l business ia adjusted to the present Limitations, he would add further re- strictions and regulations The inter- state commerce commission now nas 1 the power to fix rates upon complaint. i only; but, he proposes to give arhi- trary power to do so on It's own mi l tiative, and, in fact. in his platform l it Is declared for "a law giving tho in- terstato commerce commission the i power to inspect proposed railroad tariff rates on schedules before they shall take effect and to initiate an adjustment thereof" This practically takes from the stockhold- CTS in quasi-public corporations all management of the property and gets t as near government ownership as possible without actually doing so.
 "t, would seem better for the govern mnt to take it over to itself rather than to take ail power away from the man agemeut do not believe that the American people think that board 1f three, five, or seven mon sitting in a state, or for tho whole nation, are bct- ter able to determine in the first in-
 ' Power to revise and correct summarily, ir compalnt is made, is rlGht but ito arbilr7rily take the initiative is no. only objectionable, but if seems to me to be utterly destructive of any sta bnlly in business affairs. Couple this with revision of the tariff on thc basis of 'a tariff for revenue onlT' and. pending such a revision and tho enactment of hls arbitrary business regulation statutes what do you think will le l's effect upon business? Have we bot legislation enough? Is II no'
 the part of wisdom 10 try to perfect what We have, and to let business ad. Just itself to the present laws and re,
 cover from inc late bank panic before !. inew cN.crimcnts are tried?
 Republican success means safe TO vision of tho tariff. in tho interests o'
 labor and business stability, and th'
 perfection bs g fair trial of exlstlns statutory regulation of state and ln
 torstate commcrcc
 "The election of Bryan means chaos 1he election of MT Taft assures con
 acrvadsm with the least possible dis
 reorganization of present business condl
 tionv."
 lie called Mir. Bryan an experimeuter
 and closed with plea 10 the working mon to consider the prosperity whic' has come 10 the country under repuh llcau administration, and to vote {, continue !l,