The Sauk Centre herald., 1908-08-20

and unwholesome methods of crushing
out competition. and to defrauding the
public by stock-Jobbing and the manipu-
lation Of securities. Certain wealthy men
OF this stamp. whose conduct should be
abhorrent to every man of ordinarily de-
cent conscience, and who commit the hide
Gus wrong of teaching our young men
that phenomenal business success must
ordinarily be based on dishonesty, have.
during the last few months, made 1t ap-
parent that they have banded together to
work for a reaction. Their endeavor 10
estly administer the law, to prevent any
additional legislation which would check
and restrain them, and to secure. If pos
sible, a freedom from all restraint which
will permit every INSCRIPTIONS wrong
doer to do what he wishes unchecked,
provided he has enough money."-What
an arraignment of the predatory in
terests!
Is the presidents Indictment true? And
II true, against whom was the indict-
ment directed? Not against the Demo-
cratic party.
Mr.. Taft Indorses the Indictment.
Mr.. Taft says that these evils have
crept In during the last ten years. He
declares that, during this time some
prominent and influential members Of
the community. spurred by financial sue
cess and in their hurry for greater
wealth. became unmindful of the COM
mon rules Of business honesty and fdel-
ity. and of the limitations imposed by
law upon their actions; and that 'the
revelations Of the breaches Of trusts, the
disclosures as to rebates and discrimina-
tions by railroads. the accumulating evil
dence Of the violations Of the antitrust
laws, by a number Of corporations, and
the over-issue of stocks and bonds Of in
terstate railroads for the unlawful en-
riching Of directors and for the purpose
Of concentrating the control Of the rail-
roads under one management,"-all these.
he charges, "Quickened the conscience
of the people and brought on a moral
awakening"
During all this time, I beg to remind
you. Republican oficials presided in the
executive department, filled the cabinet,
dominated the senate, controlled the
house of representatives and occupied
most Of the federal judgeships. Four
years ago the Republican platform boast
fully declared that since 1S60-with the
exception of two years-the Republican
party had been in control of part or Of
all the branches Of the federal govern
ment that for two years only was the
Democratic party in position to either
enact or repeal a law. Having drawn the
Salaries; having enjoyed the honors;
publican party accept the responsibility!
Republican Party Responsible.
Why were these known abuses" per-
mitted to develop? Why have they not
been corrected? If existing laws are
sufficient, why have they not been en-
forced? All of the executive machinery
of the Republican party. Are new laws
necessary? Why have they not been
enacted? With a Republican president
to recommend, with a Republican senate
and house to carry out his recommenda-
tons, why does the Republican candi-
date plead for further time in which to
do what SHOULD have been done long
ago? Can Mr.. Taft promise to be more
strenuous in the prosecution of wrong
doers than the present executive? Can
he ask for larger majority in the sem
ate than his party now has? Does he
need more Republicans in the house of
representatives or a speaker with more
unlimited authority?
Why No Tariff Reform?
The presidents close friends have been
attack the infquities of the tariff. We
have had intimation that Mr.. Taft was
restive under the demands Of the highly
protected industries. And yet the inf1u-
ence of the manufacturers. who have for
25 years contributed to the Republican
campaign fund, and who in return have
framed the tariff schedules, has been
sufficient to prevent tariff reform. AS the
present campaign approached, both the
president and Mr.. Taft declared in favor
of tariff revision, but set the date of
revision after the election. But the pres
sure brought to bear by the protected
interests has been great enough to pre-
vent any attempt at tariff reform before
the election: and the reduction prom
ised after the election is so hedged about
with qualifying phrases. that no one can
estimate with accuracy the sum total Of
tariff reform. to be expected in case Of
Republican success. If the past can be
taken as guide, the Republican party
will be so obligated by campaign con-
tributions from the beneficiaries of pro-
lection, as to make that party powerless
to bring to the country any material re-
lief from the present tariff burdens.
Why No Antitrust legislation
A few years ago the Republican lead
ers in the house of representatives were
coerced by public opinion into the sup
port of an antitrust law which had the
Endorsement of the president. but the
senate refused even to consider the meas
ure, and since that time no effort has
cure remedial legislation upon this SUBJ
ject.
Why No Railroad Legislation?
For ten years the Interstate Commerce
Commission has been asking for an en-
largement of its powers, that 1t might
prevent rebates and discrimina tions but
Republican senate and a Republican
house of representatives were unmoved
by its entreaties In 1900 the Republican
the demand for railway legislation, but
Even in 1904, the convention gave no
the president finally asked for legislation,
cratic national platforms and he received
more cordial support from the Democrats
than from the Republicans. The Republi-
cans in the senate deliberately defeated
several amendments offered by Senator
I.aFollette and supported by the Demo-
crats-amendments embodyirg legislation
asked by the Interstate Commerce Com
mission. One of these amendments au-
thoriZed the ascertainment Of the val
ue of railroads. This amendment was not
only defeated by the senate. but it was
overwhelmingly rejected by the recent
Republican national convention and. the
Republican candidate has sought to res
cue his party from the disastrous results
Of this act by expressing himself. in
qualified way, in favor of ascertaining
the value Of the railroads.
over-lssue Of Stocks and Bonds.
Mr. Taft complains of the Oyer-iSsu0