The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-06-16
Currency Legislation.

currency 1%t&ASAdtAOAls
We approve the emergency meas
ures adopted by the government dur
ing the recent financial disturbance
and especially commend the passage
by the last session of congress of the
temporary enactment designed to pro-
tect the country from repetition of
such stringency only until there can
be established permanent currency
system that will avoid all emery
encies. .
The Republican party is committed
to the development of such permanent
system, responding to our greater
needs. and in line in all respects WIN
world. and the appointment OF "a
monetary commission by the present
congress, which will impartially IN
vestigate all proposed methods. ana
insure the early realization of this
purpose.
The present currency laws have
fully justified their adoption but on
expanding commerce, a marvellous
growth in wealth and population,
multiplying the centers OF distribution.
increasing the demand for the move
ment of crops in the west and south
monetary conditions. disclose the need
of more elastic currency and
adaptable system.
Such a system must meet the re-
quirements of agriculturists, manu-
facturers, merchants and business
minimizing the fluctuations in interest
rates, and above all 1t must be in
harmony with the Republican doc
trine, which insists that every dol
lar shall be based upon. be re-
deemable in, and be as good as gold
For Postal Savings Banks.
In line with the purpose here de-
clared to secure by every wise means,
greater safety and stability in the
vor the establishment of postal saw
ings banks for upon principles en-
bodied in the measure now pending
in congress and set for vote on
December IA, next.
The Republican party passed the
Sherman antitrust law over Demo-
cratic opposition and enforced it after
Democratic rejection. 1t has been
wholesome instrument for good in
the hands of wise and fearless
administration. But experience has
shown that it's effectiveness can be
strengthened, and it's real object bet
ter obtained, by such amendments as
will give to the federal government
greater supervision and control over.
and secure greater publicity In the
management of, that class Of inter-
state corporations having power and
at the same time will not interfere
with the operation of such associa-
tions among business men, farmers
and wage earners as result in
positive benefit to the public.
We approve the enactment of the
railroad rate law and the vigorous en-
forcement by the present administra-
ton of the statutes against rebates and
determinations, as the result of which
the advantages formerly possessed by
the large shippers over the small ship
pers have substantially disappeared.
appropriation of $350,e00 by the pres
ent congress in order to enable the in
terState commerce commission thor
oughly to investigate and to give pub
licity to the accounts Of interstate
commerce, the law should be further
amended so as to give railroads the
right to make and publish traffic
agreements subject to the approval of
the commission, but maintaining al
ways the principle of competition be-
tween naturally competing lines and
avoiding the common control of such
lines by any means whatsoever and we
especially favor the enactment Of such
legislation as will prevent by federal
restriction the future overissue OF
stocks and bonds by interstate car.
riers.
Congress Endorsed. ....
LIE enactment IN CONSTITUTIONAL
form by the present congress of the
employers liability law; the passage
and enforcement of the safety appli-
ance statutes, as well as the additional
protection secured for engineers and
f1remen, the reduction in the hours of
laborers, trainmen and railroad tele-
graphers; the successful exercise of
the powers of mediation and arbitra-
ton between interstate railroads and
their employees, and the law making a
beginning in the policy Of compensa-
ton for injured employees Of the gov
eminent are among the most COM
mendable accomplishments of the
present administration: But there is
further work in this direction yet to
be done, and the Republican party
pledges its devotion to every cause
that makes for safety and the better
ment of conditions among those whose
labor contributes so much to the pro-
gress and welfare of the country.
The same wise policy which has in
duced the Republican party to MAIN
tain protection to American labor to
establish an eight hour day in the con-
struction of all public work, to in
crease the list of employees, who shall
have preferred claim for wages under
the bankruptcy laws, to adopt an ade-
quate child labor statute for the Dis
trict Of Columbia, to direct an investi-
cation into the conditions of working
women and children and later the en-