The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1908-06-17
Don't Forget the Hop!
PAVILION
Tonight.
Str. Monarch leaves ESQ promptly.
Fare soc includes dancing.
M. J. FLORES, Mgr.

OiiIS Ill
Str. Monarch leaves 7.ao promptly.
Fare SOC includes dancing
M. J. FLORES, Mgr.
ly intervention by the commission
through correspondence or personal
interviews between the shipper and
carrier directly concernd.
Laws arc Respected.
The rulings of the commission
are generally and cheerfulIy accepted
by the carriers. The traffic officials
of the carriers have manifested, to
a commendabIe degree, a disposition
and Willingness to fairly and careful
ly consider the merits OF complaints
thus called to their attention by the
commission, and have voluntarily re-
duced their rates and applied COZ
receive measures in numerous cases.
in a comm unicatiOn from one of
the commissioners on the 9th OF the
present month the statement Is made
that interstate transportation was
never so clean and free from unfair
and unlawful practices as at this mo-
ment. 1t may be that here and there
venturesome and reckless railroad Of
ficials still indulge in rebates or tale
other measures to give special privi-
leges to a favored shipper. IL so,
they will be detected sooner or later
and Adequately punished, but among
the great mass of railroad officials
there is an honest and firm effort to
cooperate with the commission in the
observance of the law.
THE law has also commanded the
respect and obedience of the shipper.
From all the letters which can be Sc
curd, 1 believe we are justified in say
ing that this great and vexing ques-
ton is in process of ultimate and
just settlement, AID that under wise,
patient action the problem will final
ly be solved
Tariff Revision.
'The republican party stands for a
revision and readjustment of our Gus
toms laws as changed industrial con-
ditions at home and abroad may have
made necessary, keeping steadily in
view the cardinal principles of pro-
lection to American industries and
American labor. AS evidence of its
good faith in this regard, the national
house of representatives. clothed I'M
der the constitution with exclusive
jurisdiction to originate all bills for
raising revenue on the goth of April
just past, by formal resolution, au-
thorized and directed it committee on
ways and means, the organ Of the
house having Jurisdiction of the Ques-
ton, to sit during the recess of con-
gress and to gather such information,
through governmental agents and
otherwise, as it may see fit, looking
toward the preparation of a bill for
the revision of the tariff.
Tn this connection it can be safe
ly promised that whatever revision or
readjustment takes place under the
control of the republican party, 1t
will give just and adequate protection
to American industries and Ameri.
can labor and defend the American
market against the unjust and I'M
equal aggression from whatever quar-
ter they may come
The recent panic was recOunted and
President RooSevelt's congratulations
upon Cortelyou's work quoted. Com
ing to the cause and the remedy, he
said:
A Defective System. 80. -.
THAT such a disturbance should
have occurred under such circum-
stances furnishes the strongest evil
dence that there is something inner
emily defective in the system itself,
which can oply be reached by a thor
ough overhauling. But this system,
hastily inaugurated by Secretary
Chase during the exiSencies of war,
while cOnfessedly defective in its in
ability to respond at all times to the
varying and exacting demands of
trade, yet. during the fOrty-five years
of its existence. has served a wise
and abenef1cient purpose
Under il the public credit was re-
stored and advanced until our bonds
float at a lower rate of interest than
those of any other nation. Under it
specie payments were resumed. the
gold standard established and main
tanned, and every paper dollar issued
convertibl into coin. Under this
system questionable and worthless
state bank issues were driven out OF
circulation. supplanted by a national
currency OF unouestioned character
and stability.
While other countries have added
TO their burden of debt. with an in
creased rate of interest thereon. this
nation mas paid of 1494 millions of
its obligations. and the present ad-
has lessened the volume
of our indebtedness by SI01. 34162S.
and in its refUlding operations has
reduced the annual interest charge
from 30.371.463 tc sI2.1OI.I96.
During the period of its existence.
with aggregate deposits of % billion.
the average loss has been only one
hall OF l per cent
The national banks have served
a benefcent purpose in uplifting the
credit or the government: in lessen
ing the burden of taxation: in secur-
inS a SOupd and cafa o,r,axo., 49,