Weekly journal-miner., 1908-12-16
ARIZONA STATEHOOD
 URGED BY PRESIDENT

forced only imperfcctly and uneauallv,
 and it's enforcement works almost as
 much hardship as good I strongly
 advocatc that instead of an unwisc
 effort Co prohibit all combinations,
 there shall be substituted law which
 shall expressly permit combinations
 which are m the interest of the public,
 but shall at the same time give to
 some agency of the National Govern.
 ment full power of control and super
 vision over them. One of the chief
 features of this control should be SC.
 curing entire publicity in all matters
 whicn the public has a right to know, and furthermore. the power, not by
 judicial hut by executive action. to prevent or put n stop to every form of improper favoritism or other wrong doing.
 The railways of the country should he put completely under the Interstate , Commerce Commission and removed
 from the domain of the antitrust law. , The power of the Commission should be made thorougngoing, so that it
 could exercise complete supervision
 and control over the issue of securi.
 ties as well as over the raising and | VI hN TtHtTuh TNIfNs
 at least. this power should he sum
 mary. The power to investigate the , financial operations and accounts of
 the railways has been one of the most valuable features in recent Legislation Power to make combinations and traf fic agreements should he explicitly con
 ferred upon the railroads. the pcrmis-
 sion of the Commission being first
 gained and the combination or agree.
 mcnt being published in all its de.
 tails. In the interest of the public the ' representatives of the public should nave complete power to sec that the
 railroads do their duty hy the public.
 and as matter of course this power
 should also be exercised so as to see , that no injustice is done to the rail roads The shareholders. the cmploycs and the shippers all have interests that
 must be guarded. lt tx to the inter. :. est of all @ them that no swindling stock speculation should hc allowed , and that there should bc no improper issuance of securities The guiding in tcligences necessary for the success ', ful building and successful manage
 mcnt of railroads should receive ample v remuneration: but no man should b, . allowed to make money in connection z with railroads out of fraudulent over !, capitalization and kindred stock V gambling performances; there must b, :, no dcfrauding of investors. oppression " of the farmers and business men who !, ship freight or callous disregard of th' s rights and needs of the employees. IL s addition to this the interests of th' - shareholders. of the employees, and o " the shippers should all he guarded a !! against one another. To give any on ', of them undue and improper consider !. ation is to do injustice to the 0ther' !, Rates must be made as low as is com ,u patible with giving proper returns L 's aI the employees of the railroad. fror ' the highest to the lowest. and propc 's' returns to the shareholders; hut the p' must not. for instance, bc reduced | !" such fashion as to neccssitate n cu V in the wages of the employees or th V abolition of the proper and legitimn' no profits of honest shareholders.
 y" Telegraph and telephone companie V, engaged in interstate business shoul h' be pnt under the jurisdiction of th v, Interstate Commerce Commission
 hu If K very earnestly to be wishc W that our people, through their repr u. sentatives. should net in this matte nn It is hard to say whether most damhi oo to the country at large would con ar from entire failure on the part of VI or public to supervise and control tl ra actions of the great corporations, ms from the exercise of the necessai ,e' governmental power m way whl, re would do injustice and wrong to tl CT corporations. Both the preachers les an unrestricted individualism, and [ ot preachers of an oppression whi wo would deny to able men of busine nt' the inst reward of their initiative al sO, hnsiness sapacity, are advocating p m. icies that would be fraught with | or orayest harm to the whole country. '6, nermi, every lawless capitalist, eve tne law defying corporation, to tahe or .e,ion no matter how iniquitous, on ,ho efort to secure an improper pro or and to build up privilege, would ing rninons to the Republic and wo' ase mark the abandonment of the en' est ,o secure in the industrial world ms. spirit of democratic fair'dealing' md ,be other hand, to attack th net wrongs in that spirit of demogo ons which can see wrong only when ce Tue. mitted by the man Of weaith, anu
 of dumb and blind in the presense tra, wrong committed against men or pr nal erty or by men of no property ls ,, ons aetly as evil as corruptly to det' 5 is the wrongdoing of men Of wea ing, The war we wage must DC wal hat against misconduct. against wrong has ing wherever it is found; and we m ex' stand heartily for the rights Of ev ces- decent man, whether he be man 'xes oreat wealth or man who earns con. livelihood as a wage.worker or u on of the soil. m |, ion. l., ia to the interest of all or us
 there should be premium put ions ;ndividual initiative and indiVi' es. canaeity. and an ample reward for
 re. grcat directing intelligences a' and competent to manage the great D Con. meas operations of today It IS
 in. to keep in mind tbat exactly as
 the anarchist is the worst enemy or hp' ,ara. and inc reactionary the worst en
 II. au tho men WnO deffnu