The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-03-06

| exercise complete control over inter-
state commerce. and we assert the
right of each state to exercise Just as
complete control over commerce with
IN its borders. We demand such an
/ enlargement of powers of national and
state railway commissions as may be
necessary to give full protection to per-
sons and places from discrimination
and eXtortiOn. We believe that both
4 the nation and the various states
should,
''F'irst-Ascertain the present value.
of the railroads measured by the cost
| of reproduction.
second-Prohibit the issue of any more
Watered stock or fictitious Capitalization
| Ihlrd-Prevent the railroads from en-
gaglng IN any business which brings them
INTO competition with their shippers: and
! Fourth-Reduce the TRANSPORTATION
rates until they reach point where they
! VIII yield only reasonable return on the
! present value of the roads-such reason
able return being defined as a return suf-
Iiclent TO keep the stock of the roads at
talized.
Damage Done by Watered Stock.
The injury done by issues of watered
stock is more clearly seen and better UNI
derstood since the shrinkage in the mar
ket value of such stock has precipitated
a Widespread panic and brought enormous
4
The panic has also emphasized the ne
cessity for legislation protecting the
wealth producers from spoilation at the
hands of the stock gamblers and the
gamblers in farm products
The present financial stringency furn-
lShes additional proof that the Repub
lican leaders are either unwilling or in
competent to protect the interests of the
general public. They have so linked us
to Wall street that the sins of the spec
nlators are visited Upon the entire coun-
try.
Security for Bank Deposits.
1--WE favor the postal savings bank and
in addition thereto insist upon the pas
sage of laws state and national, for the
! better regulation of banks and for the
protection of bank deposits. The govern
ment demands security when il deposits
public money in a bank, and we believe
that the security of the individual depos-
itor who intrusts his earnings to a bank
should be as perfect as the government
security.
Two Bad Bills.
I'VE oppose both the Aidrich bill and
the Fowler BILL and believe that, In so
far as the needs of commerce require
an emergency currency, such currency
should be issued and controlled by the
federal government. and that it should
be loaned upon adequate security and
at rate of interest which will compel
passed.
I'VE demand, further, that favoritism
i'm the deposit of treasury funds shall be
abolished and that surplus revenues
shall be deposited at competitive rates
upon sufficient security and fairly dis
tributed throughout the country.
I'VE favor the eight-hOur day.
I'VE believe in the Cancellation of cap
ital and labor and favor every legit-
g.. % n
putes between corporate employers and
their employees, to the end that justice
may be done to those who toll and that
society may be relieved from the en-
barrassment occasioned by prolonged
strikes and lockouts.
Writs of Injunction.
I'VE favor such a modification of the
law relating to injunctions as will, first,
prevent the issuing of the writ in in
dustrial disputes except after notice to
defendants and full hearing; second.
permit trial before a judge other than
the one who issued the writ, and third,
allow a jury to be summoned i'm all
cases where the alleged contempt is
committed outside the presence of the
court
We favor an employers liability law
applicable to both private and public
employers.
I'VE favor full protection. by both ma
tiOnaI and state governments within
their respective spheres, of all foreign
ers residing in the United States I'M
der treaty, but we are opposed to the
admission of Asiatic emigrants who
cannot be amalgamated with our popu-
latiOn, or whose presence among us
would raise a race issue and involve us
in diplomatic controversies with orien-
CIR i.4at-
enforcement of the immigration laws
against any immigrants who advocate
assassination as means of reforming
our government.
Welcome to Oklahoma.
I'VE welcome Oklahoma to the sister
hood of states and heartily congratu
late her upon the suspicious beginning
of a great career.
I'VE favor separate statehood for Ar
iona and New Mexico and demand for
the people of Porto Rico the full en-
joyment of the rights and privileges of
a territorial form of government"
A declaration in favor of the issuance
of $500 600 900 in government bonds in
order to provide funds with which to
prosecute public works, thus giving
work to many unemployed persons, was
also carried.
Delegates Chosen.
These delegates at large to the nation
al convention were chosen: l. J. Dunn,
Omaha; D. V. stephens, Fremont: +.
w. Brown. Lincoln, and Felix ]. Hale.
Robert Graham. Alliance; ]. r. Cor
rev. Hastings; Harry 3. Hayward,
Omaha, and George Brophy. Polk coun-
ty, were selected as alternates at large
by reclamation.
Delegates from the six congressional
dist,.icts rNera also chosen