Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-06-16

OF enforcing these statutes, II IS SratHy.
ing to know that the abuses complained
of are fast disappearing. and carrier and
shipper alike are cooperating IN the en-
forcement Of the law, and what at one
time threatened to be a protracted and
acrimonious struggle Is fast assuming g.
peaceful solution.
1.-The interstate commerce commission In
its last annual report for 1907 says:
1T means much for the present and
more for the future that the principles OF
this law have gained greatly in general
understanding and acceptance. BY rail-
way managers almost without exception
the amended law has been accepted in
good faith, and they exhibit for the most
part a sincere and earnest disposition to
conform their methods to its require
ments. To gratifying extent there has
been readjustment of rates and correc-
ton Of abuses by the carriers themselves.
Methods and usages of one sort and an
other which operated to individual ad-
vantage have been voluntarily changed.
and 1t is not too much to say that there
is now a freedom from forbidden dis
ordinations which is actual and general
to a degree never before approached
Tariff Revision.
1.-THE republican party stands for re-
vision and readjustment of our customs
laws as changed industrial conditions at
home and abroad may have made neces-
sary, keeping steadily In view the cardi-
nal principles of protection to American
industries and American labor"
Senator Burrows referred to the &C
ton taken by the House and Senate in
directing committees to sit during the re-
cess of Congress to gather information
looking to the preparation of bill for
the revision Of the tariff. He continued:
These public declarations by Congress.
upon the eve of election, give the most
bat IL
will be speedily undertaken and pressed
to an early contamination.
I'm this connection 1t can be safely
promised that whatever revision or read
justment takes place under the control OF
the republican party, it will give just and
adequate protection to American indus
tries and American labor and defend the
American market against unjust and
unequal aggressions, from whatever quar-
ter they may come.
Meeting the Panic.
Our recent financial disturbance chal-
lenged the soundness of our monetary
condition and brought to the fore the
question of our banking and currency
system, the consideration of which be-
came and continues to be a subject o.
pressing and commanding Importance. Ii
| the midst of unusual prosperity, will
6.69S national banks under direct super
vision and control of the national gov
eminent. with a paid-up capital of owe
$500. Co., 900. surplus and undivided prof
Its of $150,OOOOO. and an outstandin,
circulation of $630O0O,OOO secured b.
United States bonds. every dollar o
which was worth its face in gold; with al
unprecedented holding Of coin in tn
Treasury of the United States, yet sudde
paralysis seized the banks. national an
state, and they were either reluctant o
unable to respond to the ordinary an
legitimate demands of trade.
| CONSERVATION prevailed, confidence wa
shaken. and nothing but the prompt an
heroic action of the Secretary of tn
Treasury averted widespread and seri
Gus catastrophe. President Roosevelt wei
| said. in commencing the Secretary of tn
| Treasury:
~ congratulate you upon the admira bl
way in which you have handled the pres
ent crisis. 1 congratulate also those con
sentative and substantial business mel
| who. In this crisis. have acted with sucl
wisdom and public spirit. BY their actor
they did invaluable service in checking
the panic which. beginning as a matte
| OF speculation. was threatening to destro,
the confidence and credit necessary to tn
conduct Of legitimate business.
mo one who considers calmly ca
question that the underlying conditions
which make up our financial and indus
trial WelI-betng are essentially sound ant
honest. Dishonest dealing and specula
tive enterprise are merely the occasiona
ton taken by you and by the business
men In question has been Of the utmos
consequence, and has secured opportunit,
for the calm consideration which mus
Inevitably produce entire confidence fl
on. business Conditions.
THAT such q disturbance should hav
occurred under such circumstances fur
lnishes the strongest evidence that Their