The San Juan islander. [volume] (Friday Harbor, Wash.) 1898-1914, 1908-07-18

such American manufactures As are
sold abroad more cheaply than at
be made in such other schedules as
may be necessary to restore the tariff
to revenue basis. Existing duties
have given the manufacturers OF paper
q shelter behind which they have or
ganized combinations to raise the price
OF pulp and OF paper, thus imposing q
tax upon the spread Of knowledge. We
demand the immediate repeal OF the
tariff on wood pulp, print paper, lum-
Der, timber and logs and that these ar
ticles be placed upon the free list.
Trust Remedy.
"A private monopoly Is indefensible
and intolerable. We therefore favor
the vigorous enforcement of the crim-
inal law against guilty trust magnates
and officials, and demand the enact
ment of such additional legislation as
may be necessary to make 1t impossi-
bic for private monopoly to exist in
the United States. Among the addi-
tional remedies we specify three now:
First-A law preventing a duplica-
ton of directors among competing corr
porations.
Second-A license system which will,
without abridging the right of each
state to create corporations, or its right
to regulate as it will foreign corpora
tions doing business within its limits,
make it necessary for a manufacturing
or trading corporation engaged in in
terState commerce to take out fed
eral license before 1t shall be permitted
to control as much as rs per cent of
cense to protect the public from wa
tered stock and to prohibit the control
by such corporations Of more than SO
per cent of the amount Of any product
consumed in the United States.
Third-A law compelling such IL
censed corporation to sell to all pur-
chasers in all parts of the country on
the same terms, after making the al
lowance for cost of transportation.
Railroad Regulation.
We assert the right of courts to ex-
erciSe complete control over interstate
carriers and the right of each state to
exercise control over commerce within
its borders.
We demand such enlargement of the
Interstate commerce commission as
may be necessary to compel railroads
to perform their duties as common car
riers and prevent discrimination and
extortiOn.
We favor the efficient supervision Of
and rate regulation of railroads en-
gagged in interstate commerce. To this
end we recommend the valuation of
railroads by the interstate commerce
commission, such valuation to take
into consideration the physical value
of the property, the original cost and
the cost Of production and all elements
of value that will render the valuation
fair and just. We favor such legisla-
ton as will prohibit the railroads from
engaging in business which brings
them into competition with their ship
pers; also legislation which will assure
CHI rodp ion tn fppov rvpfo
as such conditions will permit, care be-
ing taken to avoid reduction that
would compel a reduction of wages,
prevent adequate service or do injus-
tice to legitimate customs. We hearth.
ly approve the laws prohibiting the
pass and the rebate and we favor any
further necessary legislation to re-
strain, correct and prevent such
abuses.
We favor such legislation as will in
crease the power of the Interstate COM
merce commission, giving to it the mi
tiative with reference to rates and
transportation charges put into effect
by the railroad companies and permit
ting the interstate commerce commits
sion, on it's own initiative, to declare a
rate illegal and as being more than
should be charged for such service.
The present law relating thereto is in
adequate by reason of the fact that the
interstate commerce commission is
without power to fix or investigate a
rate until complaint has been made to
1t by the shipper.
We further declare that all agree
ments of traffic or other associations
of railroad agents relating to interstate
rates. service or classification, shall be
unlawful unless filed with and ap-
proved by the Interstate commerce
commission.
We favor the enactment Of law
giving to the interstate commerce COM
mission the power to inspect proposed
railroad traffic rates or schedules be- /
fore they shall take effect, and if they
be found to be unreasonable to initiate
an adjustment thereof.
Relating to Banking.
The panic of 1907 coming without
any legitimate excuse, when the re-
publican party had for a decade been
in complete control of the federal gov
eminent. furnishes additional proof
that it is either unwilling or incompe-
tent to protect the interests of the gem
eral public. 1t has so lined the cOun-
try to Wall street that the sins of the
SPECTATORS are visited upon the whole
people. While refusing to rescue the
wealth producers from the hands OF
the stock gamblers and spectators in
farm products, it has deposited treas
in favorite banks. It has
used an emergency for which it is
largely responsible to force through
congress bill changing the basis Of
the bank currency and inviting market
and has failed to give to
the 100000 depositors Of the coun-
try protection in their savings.
We believe that in so far as the
needs Of commerce require, an emer-
gency currency should be issued, con-
trolled by the federal government and |
loaned on adequate security to national
and state banks. We pledge ourselves
to legislation under which national /
banks shall be required to establish a
fund for the prompt pay I
ment Of the depositors Of any insolvent |
national bank, under an equitable sys-
tenn. which shall be available to all |
banking institutions wishing to use it.
We favor postal savings bank IL |
the guaranteed bank cannot be secured.
and that 1t be constituted so as to keep
the deposited money in the communi-
ties where it is established But we
the policy Of the republican
party in providing postal savings banks
under plan pf conduct by which they +
Will aggreRate deDOaita n r1Sra1 hnvv,.