Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1908-12-08

hoNt NtsAN NLANi tue AhAtAsNt-lt
clause OF the Constitution :he Unit
ed S:ates has compete ami para
mount riGht TO control al agencies
Of Interstate commerce. ana be-
.ieve that tho National Government
alone can exercise justice from.
and do Justice 20. the great cOrpo-
rat.orn which are the host impor-
tant factors IN modern business.
DeNoye that II is worse han folly
to att mIi, to prohib all comb e
nations as is done by the Sherman
anu-trust law. because such Aaw
can be enforced only impeutectly
AMI unequ1lly, and 10 on. 'orce-
mcnt works almcst as much hard
ship as good. l sroNgly advocate
yht instead OF an unwso effort to
prohibit al comOinGt.ors, tn c
~ all be substituted law VIII ch
hall expressly porli. combinations
whon are TN the interest of the
publ.c, bat shall at tho same time
give to some agency OF the Nation
al GoycrIn, MT full power OF control
and supervision over tneIn one Of
The ohief features OF this courol
shCu a be secur nS en'irc publicity
n all mat crs MhiCh the pubJc has
a u.gnt 10 know, ana luthermorc
he power, not by judicial but by
executive acton, to p.even; or put
a stop 30 every form OF t-.dp,opor
'avoritisn or oLher wrongdo'nG
The railways OF the country
3hould be put completely under tic
interstate Commerce Commission
ana removed from the donna oi
the anu thrust law The power o,
the Commission should be maze
lsy. so 0-Ht % could eXer-
ciso complete supem sion and CON
trol over the issue OF securities rs
we'll as over the raising and lover
Ing OF rates. AZ regards rates, at
least, this power should be sum.
mary. Tho power to invesD gate
the financial operitionC and ac-
counts OF the railways has been Of
the most valuable features in re-.
cent legislation PJwor 20 make
combinations and trafIic agreement
should be explicitly upon th rail-
roads. the permission OF the Com.
mss ON b Ing FIRST gained and tho
combination or agreement be ms
published In al it's dc ails. In :he
interest OF dhe puOlic tln3 repre-.
sentatives OF the public should
have compCoae power TO see that
the railroads DO their iu.y by the
public, and as matter OF course
tn power should also be eXerc sed
so as to see that no injustice Is
done to tho railroads Tho 3hara-
holders. the employees and the ship
pers all have Interests that mus
be guarded. 1t i8 to TIC interest
Of al Of them that 40 sUindling
stock speculation should be allow
cd, and that there should he no
improper issuance OF scouri3 es
The gu ding in-elEgence5 necessary
Tor the successful building and
5ucccssful management Of railroads
should receive ample remuneration; !;
but no man should be flowed to
make money In connection with .UI
roads out Of fraudulent oyer-cap-
ltalization and kindred stocl.-gaGnb-
ling performances; there must be
no defraud ng OF Investors, oppres-
sion OF the farmers and business
men who sIip freight, or calloUs
disregard OF the rights and needs
OF tho employees. In addition 90
this the interests OF the aharchold-
ors, OF the employees, ard Of tho
shippers should all be guarded as
against one another
Telegraph and telephone compa-
nies engaged in interstate business
should be- put under the juisllc-
tion OF the Interstate Commerce
comm sslon.
Corporate nnanccs must be super
yised so as TO make II far saIcr
Than at present for the man Of
small means to invest Lis money in
stocks. There must be prohibf on
Of child labor. diminu pt.on of wo-
men labor. shortening Of hours OF
all mechanical labor; SOCK water
ing should be prohibited, ana stool,
gambling so far as rs poas Ole DIS
couragcd There should be a pro-
Crcssivc Inheritance tax on large
fortunes. Indu trial cduca ION
should be encouraged. As far as
possible we should lthten the bur
den OF taxation ON She small man.
We should plt premium upon
thrift, hard ork, and rauc.5 sn-
ergy; but these qualities cease tJ
be the main factors in accIuulnt-
ing a fortune long before shat for
Pune reach n point rlare D. would
be seriously affected By amy iaher-
Ifance tax such as ! propose 10 is
eminent v r!ght thal the Nation
should fx the terE5 upon which
the gr - fortunes ere Inherited
They rarely 90 good and they often
do harm TO those who .or., .her