The daily sentinel., 1908-07-28
TAFT SOUNDS GREAT
REPUBLICAN BATTLE CRY
Continued fr"m page IL

administration in my Judgment is
distinct from, and a progressive de
velopment which has been performed
by President Roosevelt. The chief
function of the next administration
is to perfect the machinery by which
these standards may be maintained
by which the law breaker may be
prompetly restrained and punished,
but which shall operate with suffic-
lent accuracy and dispatch to inter-
fere with the great business as little
as possible. Such machinery is not
now adequate. Under the present
rate bill and under all its amendments
the burden of the interstate COM
merce commission is supervising and
regulating the operation of the rail-
roads of this country have growl so
heavy that it is utterly impossible
for that tribunal to hear and dispose
in any reasonable time of the many
complaints, queries and issues of its
i jurisdiction as an executive, directing
body and its functions should be linn
tied to the quasi-judicial investiga-
ton of complaints by individuals and
| by a department of the government
charged with the executive business
of supervising the operation of rail
ways.
There should be a classification
of that very small percentage of in
dustrial corporations having power
and opportunity to effect illegal re-
straints of trades and monopolies.
and legislation either inducing or
compelling them to subject them
selves to registry and the proper pub
licity regulations and supervisions of
the department of commerce and
labor.
Proper Treatment of Trusts.
In the law trusts should be re-
strained with all the efficiency of the
injunctive process and the persons
engaged in maintaining them should
be punished with all the severity of
criminal prosecution, so that the
method of operation of their business
shall be brought within the law. To
destroy them and to eliminate tn
wealth they represent from the pro-
ducing capital of the country would
entail enormous loss and would
throw cut of employment myriais of
working men and women. Such a
result is wholly unnecessary to the
accomplishment of the needed re-
form and will inflict upon the inno-
cent far greater punishment than
upon the guilty.
THE ruthless and impracticable
character of the proposition grows
palmer as its effects upon the whole
community are realized.
Effect of Democratic Policies on
Business.
ITO take the course suggested by
the Democratic platform in these mat
tors is to involve the entire COM
munity, innocent as ii is. in the pun
ishment of the guilty, while our policy
to stamp out the specific evil.
This difference between the poll
cies of the two grsat parties is of
special importance n view Of the
present condition of business. Af-
ter ten years of the most remarkable
material development and prosperity
there come financial stringency, a
panic and an industrial deprs SIS. on.
This was brought about not only by
the enormous expansion of business
plants and business investments
which could not be readily converted,
but also by the waste of capital then
extravaganza of living, in wars and
other catastrophes. The free convert
able capital was exhausted. In ad-
dition to this the confidence of the
public in Europe and in this country
had been affected by the revelations
of Irregularities, breach of trust,
over-issues of stock, violations of law
and lack of rigid state or national
supervision in the management of
our largest corpora tions. Investors
withheld what loanable capital re-
named available. 1t became impos-
sible for the soundest railroads and
other enterprises to borrow money
enough for new construction or re-
| construction.
Delays Restoration of Prosperity.
Gradually business is acquiring
a healthier tone. Gradually wealth,
which was boarded is coming out to
be used. Confidence in security of
those investments as a plant of slow
growth and is absolutely necessary
so that our factories may all open
again, in order that our unemployed
may become employed and in order
that we may again have the prosper
ity which blessed us for ten years.
| The identity of the interests of the
capitalist and the farmer, the bust
ness man and the wage-earner in the
security and profit of Investment can
not be too largely emphasized.
submit to those most interested, to
| Wage-earners, to farmers and to busi-
ness men, whether the Introduction
into power of the Democratic party
with Mr.. Bryan at its head and with
the business destruction that it
openly advocates as remedy for
present evils, will bring about the
needed confidence for the restoration
of prosperity.
Necessity For Revision of Tariff.
The consequent material develop
ment has greatly changed the condi-
tions under which any articles de-
scribed by the schedules of the tar
iff are now produced. The tariff in
number of schedules exceeds the
difference between the cost of pro-
duction of such articles abroad and
at home. including a reasonable prof
II to the American nrodncer The