The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1908-02-28
ANNOUNCEMENT
j. L. BRlSTOW, CANDI-
DATE FOR UNITED
STASES SENATOR
With STATEMENT OF HIS
POSITION OF VITAL POL
lTjCAL QUESTION

Of many friends and in harmony
with my own personal inclinatien,
| have become a candidate ( r
United States senator. l aspire to
this Office because believe 1t Off
the widest field for usefulness in TIE
pablo service.
In becoming a candidate for such
position it is proper TO state the
principles and policies for which |
will stand if elected.
am Ia favor of revision of the
tariff. Such revision should be
made at the earliest practicable
date. The duty should be taken off
of lumber, wood-pu'p and other
kindred wood products at this Sc
sion { { congress.
am opposed to the passage Of
the Aldrich bill or any other finan-
cial measurse of thar character. |
do not believe that railroad or mum
icipal bonds should be made the
basis for our national currency even
in an emergency. Such a policy is
more in the interest of the railroads
and the holders of railroad and,
icipal securities than of the genera
public. United States two .per-cent
bonds are worth $r.o4 During the
receot panic they sold as higa al
SI.o8 because they could be usec
as basis Ter the issuing of United
States currency. The enactmen
of law making railroad bonds the
basis for currency will legislatt
great value into bonds now in ex IS
ltnce and largely held by eastern
banks and capitalists. Duing per
iods of financial distress this pro
perty would dcclln.. To my minC
such legislation is unjust and inde
fe lsiblc. FleXibility can be giveI
our currency in far better way
The central bank idea advanced
oy ex Comptroller Roberts, if pro-
perly worked out, or even an asse
currency, as undesirable as that IS
would bs better that the Aldrich bill
or any measure patterned after it.
l am in favor of limiting thc
amount of stocks and bonds tha
can be issued by corporations doip4
Al interstate busines to the actua
cost or value of the property. The
recent panic was caused by over.
loading the market with watered
stock and excessive issues of bonds,
more than by aay industrial condi-
lion or financial stringency.
The constitutional rights Of every
corporation and individual should d
be carefully guarded. Impartial jus
tice should be guaranteed 10 every
man and every institution. Ths
fundamental rights of property
should be scrupulously protected,
but we must always remsmber that
the primary object of all legislative
acts should be the welfare of all
the general public. The pro-
lection of the weak from the selfish
ness of the strong in eur CONNER
cial and industrial affairs is as nee
essary for our country's good as
the guarding Of the innocent from
the violence of the vicious.
Gambling IN stocks and grain
futures should be prohibited. More
men have been ruined by specuIa
tion on the stock exchange and IN
the wheat pit than were ever ruined
by the Louisiana lottery, aud the
moral influence of these institutions
has been equally as bad. Stock
speculation is becoming a national
vice.
l believe that the coal lands be.
longing to the government should
a't be sold. heartily approve the
policy of President Roosevelt in
withdrawing them from entry. The
line may come when it will be nee.